Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3112023-04-01falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12555517 2023-04-01 2024-03-31 12555517 2022-04-01 2023-03-31 12555517 2024-03-31 12555517 2023-03-31 12555517 c:Director1 2023-04-01 2024-03-31 12555517 d:CurrentFinancialInstruments 2024-03-31 12555517 d:CurrentFinancialInstruments 2023-03-31 12555517 d:Non-currentFinancialInstruments 2024-03-31 12555517 d:Non-currentFinancialInstruments 2023-03-31 12555517 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12555517 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12555517 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 12555517 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 12555517 d:ShareCapital 2024-03-31 12555517 d:ShareCapital 2023-03-31 12555517 d:RetainedEarningsAccumulatedLosses 2024-03-31 12555517 d:RetainedEarningsAccumulatedLosses 2023-03-31 12555517 c:OrdinaryShareClass1 2023-04-01 2024-03-31 12555517 c:OrdinaryShareClass1 2024-03-31 12555517 c:OrdinaryShareClass1 2023-03-31 12555517 c:FRS102 2023-04-01 2024-03-31 12555517 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12555517 c:FullAccounts 2023-04-01 2024-03-31 12555517 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12555517 d:Subsidiary1 2023-04-01 2024-03-31 12555517 d:Subsidiary1 1 2023-04-01 2024-03-31 12555517 d:Subsidiary2 2023-04-01 2024-03-31 12555517 d:Subsidiary2 1 2023-04-01 2024-03-31 12555517 2 2023-04-01 2024-03-31 12555517 6 2023-04-01 2024-03-31 12555517 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 12555517











URBAN STORAGE & LIVING LTD
(PREVIOUSLY KNOWN AS JPW INVEST LTD)





UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024

 
URBAN STORAGE & LIVING LTD (PREVIOUSLY KNOWN AS JPW INVEST LTD)
REGISTERED NUMBER: 12555517

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
84,692
22,502

  
84,692
22,502

Current assets
  

Debtors
 5 
1,587,172
1,665,661

Cash at bank and in hand
  
1,632
3,228

  
1,588,804
1,668,889

Current Liablities
  

Creditors: amounts falling due within one year
 6 
(46,006)
(45,022)

Total assets less current liabilities
  
 
 
1,627,490
 
 
1,646,369

Creditors: amounts falling due after more than one year
 7 
(1,744,044)
(1,744,044)

  

Net liabilities
  
(116,554)
(97,675)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(116,555)
(97,676)

  
(116,554)
(97,675)


Page 1

 
URBAN STORAGE & LIVING LTD (PREVIOUSLY KNOWN AS JPW INVEST LTD)
REGISTERED NUMBER: 12555517

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J P Wesenberg
Director

Date: 28 January 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
URBAN STORAGE & LIVING LTD (PREVIOUSLY KNOWN AS JPW INVEST LTD)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Urban Storage & Living Ltd (previously known as JPW Invest Ltd) is a private company limited by shares incorporated in England & Wales. The registered office address is 2 Communications Road, Greenham Business Park, Newbury, Berkshire, RG19 6AB. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.


  
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

The accounts have been prepared on the going concern basis as the Director expects the Company to continue to trade for at least the next 12 months.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

Page 3

 
URBAN STORAGE & LIVING LTD (PREVIOUSLY KNOWN AS JPW INVEST LTD)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
URBAN STORAGE & LIVING LTD (PREVIOUSLY KNOWN AS JPW INVEST LTD)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Fixed asset investments





Investments in subsidiary companies
Investments in associates
Total

£
£
£



Cost or valuation


At 1 April 2023
1
22,500
22,501


Additions
1
62,190
62,191



At 31 March 2024
2
84,690
84,692





Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Class of shares

Holding

USL A Ltd (previously known as JPW Res Ltd)
Ordinary
100%
Koenigsberg Rei Limited
Ordinary
100%

The aggregate of the share capital and reserves as at 31 March 2024 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)
£
£

USL A Ltd (previously known as JPW Res Ltd)
219,153
57,579

Koenigsberg Rei Limited
(3,715)
(3,716)


5.


Debtors

2024
2023
£
£

Due after more than one year

Amounts owed by group undertakings
1,586,671
1,644,560

Other debtors
-
20,600

1,586,671
1,665,160

Due within one year

Other debtors
501
501

1,587,172
1,665,661


Page 5

 
URBAN STORAGE & LIVING LTD (PREVIOUSLY KNOWN AS JPW INVEST LTD)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
1
-

Other creditors
29,463
29,463

Accruals and deferred income
16,542
15,559

46,006
45,022



7.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Other loans
1,744,044
1,744,044



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) ordinary shares of £0.01 each
1
1



9.


Related party transactions

The Company has taken advantage of the exemption available per paragraph 33.1A of FRS whereby it has not disclosed transactions with any wholly own subsidiary of the group.


Page 6