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REGISTERED NUMBER: 08379546 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Urban Developments (Gosport) Ltd

Urban Developments (Gosport) Ltd (Registered number: 08379546)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Urban Developments (Gosport) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: P Westmorland





REGISTERED OFFICE: A66 Lees Lane
Gosport
Hampshire
PO12 3UL





REGISTERED NUMBER: 08379546 (England and Wales)





ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS

Urban Developments (Gosport) Ltd (Registered number: 08379546)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 21,002 30,889
Investments 6 200 150,201
21,202 181,090

CURRENT ASSETS
Stocks 153,000 251,264
Debtors 7 219,215 274,919
Cash at bank 29,802 52,901
402,017 579,084
CREDITORS
Amounts falling due within one year 8 430,349 758,737
NET CURRENT LIABILITIES (28,332 ) (179,653 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,130

)

1,437

CREDITORS
Amounts falling due after more than
one year

9

(16,591

)

(25,633

)

PROVISIONS FOR LIABILITIES (481 ) (481 )
NET LIABILITIES (24,202 ) (24,677 )

Urban Developments (Gosport) Ltd (Registered number: 08379546)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings (24,304 ) (24,779 )
(24,202 ) (24,677 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 February 2025 and were signed by:





P Westmorland - Director


Urban Developments (Gosport) Ltd (Registered number: 08379546)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Urban Developments (Gosport) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 20% on reducing balance
Fixtures & fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Urban Developments (Gosport) Ltd (Registered number: 08379546)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 61,920
AMORTISATION
At 1 April 2023
and 31 March 2024 61,920
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Urban Developments (Gosport) Ltd (Registered number: 08379546)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 54,701
Additions 5,382
Disposals (13,000 )
At 31 March 2024 47,083
DEPRECIATION
At 1 April 2023 23,812
Charge for year 4,609
Eliminated on disposal (2,340 )
At 31 March 2024 26,081
NET BOOK VALUE
At 31 March 2024 21,002
At 31 March 2023 30,889

6. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 April 2023 150,201
Disposals (150,001 )
At 31 March 2024 200
NET BOOK VALUE
At 31 March 2024 200
At 31 March 2023 150,201

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 46,945 25,099
Other debtors 172,270 249,820
219,215 274,919

Urban Developments (Gosport) Ltd (Registered number: 08379546)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 20,720 16,583
Trade creditors 92,823 72,220
Taxation and social security 1,564 45,000
Other creditors 315,242 624,934
430,349 758,737

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 16,591 25,633

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
P Westmorland
Balance outstanding at start of year 245,029 200,734
Amounts advanced 78,667 102,321
Amounts repaid (636,437 ) (58,026 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (312,741 ) 245,029

11. ULTIMATE CONTROLLING PARTY

The controlling party is P Westmorland.