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REGISTERED NUMBER: 12532221 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

URBANBOX PROPERTIES LIMITED

URBANBOX PROPERTIES LIMITED (REGISTERED NUMBER: 12532221)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


URBANBOX PROPERTIES LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr S Spiro
Mrs S L Spiro





REGISTERED OFFICE: 7 Beeston Court
Stuart Road
Manor Park
Runcorn
Cheshire
WA7 1SS





REGISTERED NUMBER: 12532221 (England and Wales)





ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF

URBANBOX PROPERTIES LIMITED (REGISTERED NUMBER: 12532221)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 132 154
Tangible assets 5 4,368 5,824
Investment property 6 1,037,575 1,037,575
1,042,075 1,043,553

CURRENT ASSETS
Stocks - 503,325
Debtors 7 764 3,706
Cash at bank and in hand 252,167 28,438
252,931 535,469
CREDITORS
Amounts falling due within one year 8 29,044 46,712
NET CURRENT ASSETS 223,887 488,757
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,265,962

1,532,310

CREDITORS
Amounts falling due after more than one
year

9

1,225,779

1,515,449
NET ASSETS 40,183 16,861

CAPITAL AND RESERVES
Called up share capital 11 21 21
Retained earnings 40,162 16,840
SHAREHOLDERS' FUNDS 40,183 16,861

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

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

The directors acknowledge their 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.

URBANBOX PROPERTIES LIMITED (REGISTERED NUMBER: 12532221)

Balance Sheet - continued
31 August 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:





Mrs S L Spiro - Director


URBANBOX PROPERTIES LIMITED (REGISTERED NUMBER: 12532221)

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


1. STATUTORY INFORMATION

UrbanBox Properties Limited 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
The turnover shown in the profit and loss account represents amounts invoiced in the year, less amounts invoiced in advance which have been credited to deferred income.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Tangible fixed assets are initially recorded at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

URBANBOX PROPERTIES LIMITED (REGISTERED NUMBER: 12532221)

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


4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 September 2023
and 31 August 2024 220
AMORTISATION
At 1 September 2023 66
Amortisation for year 22
At 31 August 2024 88
NET BOOK VALUE
At 31 August 2024 132
At 31 August 2023 154

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 September 2023
and 31 August 2024 7,766
DEPRECIATION
At 1 September 2023 1,942
Charge for year 1,456
At 31 August 2024 3,398
NET BOOK VALUE
At 31 August 2024 4,368
At 31 August 2023 5,824

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 1,037,575
NET BOOK VALUE
At 31 August 2024 1,037,575
At 31 August 2023 1,037,575

In the opinion of the directors, the open market value of the investment properties at the year end is not materially different than their original cost of £1,037,575. No adjustment has therefore been made to the carrying value of the properties within the accounts.

URBANBOX PROPERTIES LIMITED (REGISTERED NUMBER: 12532221)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors - 900
Other debtors 764 2,806
764 3,706

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 2,175 31,401
Trade creditors 536 15,311
Taxation and social security 4,431 -
Other creditors 21,902 -
29,044 46,712

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 650,617 622,646
Other creditors 575,162 892,803
1,225,779 1,515,449

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 650,617 510,763

10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 650,617 650,617

The company's lenders Lendinvest BTL Limited , Paragon and State Bank of India have a fixed charge over the company's following investment properties:

75 Fox Street, WA5 1NZ
5, 7 and 11 Winifred Street, WA2 7ER
19 Hale Street, WA2 7BU
4 Matthews Street, WA1 3QJ
166 Gorsey Lane, WA2 7RY
14 Ridgway Street, WA2 7RT
17 Whalley Street, WA1 3AQ

URBANBOX PROPERTIES LIMITED (REGISTERED NUMBER: 12532221)

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


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
2 Ordinary A £1 20 20
1 Ordinary B £1 1 1
21 21

12. ULTIMATE CONTROLLING PARTY

The company is under the control of its' directors Mr & Mrs Spiro.