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Registered number: 3794614









URBANOMICS LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
URBANOMICS LIMITED
REGISTERED NUMBER: 3794614

BALANCE SHEET
AS AT 31 DECEMBER 2024

31 December
30 June
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
1,614

Investments
 5 
38,847
36,772

  
38,847
38,386

Current assets
  

Debtors: amounts falling due within one year
 6 
4,614
2,365

Cash at bank and in hand
 7 
49,795
120,613

  
54,409
122,978

Creditors: amounts falling due within one year
 8 
(70,259)
(151,425)

Net current liabilities
  
 
 
(15,850)
 
 
(28,447)

Total assets less current liabilities
  
22,997
9,939

Provisions for liabilities
  

Deferred tax
 9 
(834)
(751)

Net assets
  
22,163
9,188


Capital and reserves
  

Called up share capital 
  
100
100

Non-distributable profit reserve
 10 
11,079
9,009

Profit and loss account
 10 
10,984
79

  
22,163
9,188


Page 1

 
URBANOMICS LIMITED
REGISTERED NUMBER: 3794614
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 on 2 July 2025.






Mr M Newland-Smith
Director

Page 2

 
URBANOMICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

Urbanomics Limited is a private company limited by shares, incorporated in England and Wales, United Kingdom.  The address of the registered office is Suite D, The Business Centre, Faringdon Avenue, Romford, Essex, RM3 8EN.  The company’s principal activity during the year continued to be that of project management.

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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

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

Page 3

 
URBANOMICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Furniture, fittings and equipment
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in listed company shares are remeasured to market value at each Balance Sheet date. Gains and losses on remeasurement are recognised in the profit or loss  for the period.

Page 4

 
URBANOMICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

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.

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

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2023 -2).

Page 5

 
URBANOMICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

4.


Tangible fixed assets







Furniture, fittings and equipment

£





At 1 July 2023
11,721


Disposals
(11,721)



At 31 December 2024

-





At 1 July 2023
10,107


Disposals
(10,107)



At 31 December 2024

-



Net book value



At 31 December 2024
-



At 30 June 2023
1,614


5.


Fixed asset investments








Listed Investments

£



Cost or valuation


At 1 July 2023
36,772


Additions
21


Revaluations
2,054



At 31 December 2024
38,847




Page 6

 
URBANOMICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

6.


Debtors

31 December
30 June
2024
2023
£
£


Trade debtors
4,541
1,759

Other debtors
-
606

Prepayments and accrued income
73
-

4,614
2,365



7.


Cash and cash equivalents

31 December
30 June
2024
2023
£
£

Cash at bank and in hand
49,795
120,613



8.


Creditors: Amounts falling due within one year

31 December
30 June
2024
2023
£
£

Trade creditors
90
2,514

Corporation tax
2,038
4,132

Other taxation and social security
2,085
3,164

Other creditors
63,556
139,280

Accruals and deferred income
2,490
2,335

70,259
151,425


Page 7

 
URBANOMICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

9.


Deferred taxation






2024
2023


£

£






At beginning of period/year
(751)
(760)


(Charged)/released to profit or loss
(83)
9



At end of period/year
(834)
(751)

The provision for deferred taxation is made up as follows:

31 December
30 June
2024
2023
£
£


Listed investments revaluation
(834)
(444)

Accelerated capital allowances
-
(307)

(834)
(751)


10.


Reserves

Non-distributable profit

Non-distributable reserves relating to the unrealised gain or loss on fair value adjustments of investments.  Deferred tax has been provided on the revaluation of investments.

Profit and loss account

Includes all current and prior period retained profits and losses.

 
Page 8