| Registered number: 2795728 | ||||||||
| FOR THE YEAR ENDED 31/12/2024 | ||||||||
| Urban Edge Group Limited | ||||||||
| COMPANY ACCOUNTS | ||||||||
| FOR THE YEAR ENDED 31/12/2024 | ||||||||
| DIRECTORS | ||||||||
| REGISTERED OFFICE | ||||||||
| COMPANY DETAILS | ||||||||
| Private company limited by shares registered in EW - England and Wales, registered number 2795728 | ||||||||
| Urban Edge Group Limited | ||||||||
| COMPANY ACCOUNTS | ||||||||
| FOR THEYEARENDED31/12/2024 | ||||||||
| CONTENTS | ||||||||
| Page | ||||||||
| Directors' Report | - | |||||||
| Statement Of Comprehensive Income | - | |||||||
| Balance Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| The following do not form part of the statutory financial statements: | ||||||||
| Trading And Profit And Loss Account | - | |||||||
| Profit And Loss Account Summaries | - | |||||||
| Urban Edge Group Limited | ||||||||
| BALANCE SHEET AT | ||||||||||
| 2024 | 2023 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Tangible assets | 2 | |||||||||
| Investment Assets | 3 | |||||||||
| CURRENT ASSETS | ||||||||||
| Debtors | 4 | |||||||||
| Current Asset Investments | 5 | |||||||||
| Cash at bank and in hand | ||||||||||
| 3,264,666 | 6,757,223 | |||||||||
| CREDITORS: Amounts falling due within one year | 6 | |||||||||
| NET CURRENT ASSETS | 6,411,929 | |||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| CREDITORS: Amounts falling due after more than one year | 7 | 5,187,851 | 8,325,775 | |||||||
| NET ASSETS | ||||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | 9 | |||||||||
| Revaluation reserve | 1e,10 | 2,599,209 | 5,197,706 | |||||||
| Profit and loss account | (800,935) | 1,919,875 | ||||||||
| SHAREHOLDERS' FUNDS | ||||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| Director | ||||||||||
| Urban Edge Group Limited | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE YEAR ENDED 31/12/2024 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. Basis Of Accounting | ||||||||
| The accounts have been prepared under the historical cost convention. | ||||||||
| The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . | ||||||||
| 1b. Depreciation | ||||||||
| 1c. Pension Costs | ||||||||
| The company operates a defined contribution pension scheme NEST. The pension charge represents the amounts payable by the company to the fund in respect of the year. | ||||||||
| 1d. Investments | ||||||||
| Fixed asset investments are shown at cost less amounts written off. | ||||||||
| 1e. Revaluation Reserve | ||||||||
| Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note10). | ||||||||
| 1f. Turnover | ||||||||
| Turnover represents income received from property and other investment activities | ||||||||
| 1g. Revenue Recognition | ||||||||
| Revenue is measured at the fair value of the consideration received or receivable. | ||||||||
| Urban Edge Group Limited | ||||||||
| 2. TANGIBLE FIXED ASSETS | ||||||
| Land And | Plant and | |||||
| Buildings | Machinery | Total | ||||
| £ | £ | £ | ||||
| Cost | ||||||
| At 01/01/2024 | 6,967,188 | 97,812 | 7,065,000 | |||
| Disposals | (1,690,000) | - | (1,690,000) | |||
| Revaluation | (1,399,000) | - | (1,399,000) | |||
| At 31/12/2024 | 3,878,188 | 97,812 | 3,976,000 | |||
| Depreciation | ||||||
| At 31/12/2024 | - | - | - | |||
| Net Book Amounts | ||||||
| At 31/12/2024 | 3,976,000 | |||||
| At 31/12/2023 | 7,065,000 | |||||
| 3. FINANCIAL ASSETS | |||||||||
| Other | |||||||||
| Investments | Total | ||||||||
| £ | £ | ||||||||
| Cost | |||||||||
| At 01/01/2024 | 1,966,435 | 1,966,435 | |||||||
| Bad debt provision | (1,892,137) | (1,892,137) | |||||||
| At 31/12/2024 | 74,298 | 74,298 | |||||||
| Amortisation | |||||||||
| Net Book Amounts | |||||||||
| At 31/12/2024 | 74,298 | 74,298 | |||||||
| At 31/12/2023 | 1,966,435 | 1,966,435 | |||||||
| Urban Edge Group Limited | ||||||||
| 4. DEBTORS | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year | ||||||||
| Trade debtors | 269,025 | 327,150 | ||||||
| Other tax | 70,669 | 70,669 | ||||||
| VAT | 5,304 | - | ||||||
| Other debtors | 491,540 | 291,712 | ||||||
| Directors current account | 210,500 | 210,500 | ||||||
| 1,047,038 | 900,031 | |||||||
| Amounts falling due over more than one year | ||||||||
| Intercompany balances | 362,318 | 4,096,951 | ||||||
| Related Companies | 449,673 | 555,558 | ||||||
| 811,991 | 4,652,509 | |||||||
| 5. CURRENT ASSET INVESTMENTS | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Shares in subsidiaries held for sale | 18 | 18 | ||||||
| 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| UK corporation tax | - | 17,781 | ||||||
| PAYE control | 8,768 | - | ||||||
| Trade creditors | 318,490 | 327,513 | ||||||
| Pension schemes | 1,573 | - | ||||||
| 328,831 | 345,294 | |||||||
| Urban Edge Group Limited | ||||||||
| 7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Bank loans (unsecured) >1yr | 15,653 | 25,775 | ||||||
| Bank loans (secured) >1yr | 5,172,198 | 8,300,000 | ||||||
| 5,187,851 | 8,325,775 | |||||||
| 8. EMPLOYEES | ||||||
| 2024 | 2023 | |||||
| No. | No. | |||||
| Average number of employees | 4 | |||||
| 9. SHARE CAPITAL | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Allotted, issued and fully paid: | ||||||||
| 8 | 8 | |||||||
| 8 | 8 | |||||||
| 10. REVALUATION RESERVE | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Revaluation reserve | 2,599,209 | 5,197,706 | ||||||
| 2,599,209 | 5,197,706 | |||||||