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Company Registration No. 09940616 (England and Wales)
Urbanday Holdings Ltd Unaudited accounts for the year ended 31 August 2024
Urbanday Holdings Ltd Unaudited accounts Contents
Page
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Urbanday Holdings Ltd Company Information for the year ended 31 August 2024
Director
Wayne Hoban
Company Number
09940616 (England and Wales)
Registered Office
Suite 10 Bowthorpe Hall Bowthorpe Hall Road Norwich Norfolk NR5 9AA England
Accountants
Accounting Associates Norwich Ltd 19 Hartwell Road Wroxham Norwich Norfolk NR12 8TL
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Urbanday Holdings Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,224 
6,560 
Investment property
1,845,803 
1,830,938 
1,852,027 
1,837,498 
Current assets
Debtors
14,593 
11,875 
Cash at bank and in hand
25,550 
19,116 
40,143 
30,991 
Creditors: amounts falling due within one year
(93,226)
(101,993)
Net current liabilities
(53,083)
(71,002)
Total assets less current liabilities
1,798,944 
1,766,496 
Creditors: amounts falling due after more than one year
(1,321,932)
(1,296,406)
Provisions for liabilities
Deferred tax
(95,363)
(95,515)
Net assets
381,649 
374,575 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
302,804 
302,804 
Profit and loss account
78,844 
71,770 
Shareholders' funds
381,649 
374,575 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 August 2025 and were signed on its behalf by
Wayne Hoban Director Company Registration No. 09940616
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Urbanday Holdings Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Urbanday Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 09940616. The registered office is Suite 10 Bowthorpe Hall, Bowthorpe Hall Road, Norwich, Norfolk, NR5 9AA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
33% straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The net gain after deferred tax is subsequently transferred from retained earnings into a separate revaluation reserve.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
Despite the ongoing economic impact of the war in Ukraine, the director believes that the company's outlook remains positive and will weather this uncertain period, and as such the accounts have been prepared under the going concern basis.
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Urbanday Holdings Ltd Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
4,979 
8,293 
698 
13,970 
Additions
- 
1,303 
- 
1,303 
At 31 August 2024
4,979 
9,596 
698 
15,273 
Depreciation
At 1 September 2023
2,374 
4,426 
610 
7,410 
Charge for the year
520 
1,031 
88 
1,639 
At 31 August 2024
2,894 
5,457 
698 
9,049 
Net book value
At 31 August 2024
2,085 
4,139 
- 
6,224 
At 31 August 2023
2,605 
3,867 
88 
6,560 
5
Investment property
2024 
£ 
Fair value at 1 September 2023
1,830,938 
Additions
14,865 
At 31 August 2024
1,845,803 
The revaluations of four properties were conducted by Chartered Surveyors as appointed by the mortgage lenders for remortgage purposes. These were performed at various dates throughout the previous year, and while the director feels they are potentially conservative valuations they remain a true and fair view of the valuations at the year end.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,050 
(3,150)
Accrued income and prepayments
1,043 
25 
Other debtors
7,500 
15,000 
14,593 
11,875 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
13,092 
12,978 
Trade creditors
336 
94 
Taxes and social security
10,519 
8,977 
Other creditors
55,899 
55,899 
Loans from directors
9,815 
23,333 
Accruals
815 
712 
Deferred income
2,750 
- 
93,226 
101,993 
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Urbanday Holdings Ltd Notes to the Accounts for the year ended 31 August 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,321,932 
1,296,406 
Aggregate of amounts that fall due for payment after five years
1,299,561 
1,264,495 
Investment property included on the balance sheet have been used as security against the above debts.
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
519 
672 
Revaluation of investment property
94,844 
94,843 
95,363 
95,515 
2024 
2023 
£ 
£ 
Provision at start of year
95,515 
108,832 
Credited to the profit and loss account
(152)
(13,317)
Provision at end of year
95,363 
95,515 
10
Transactions with related parties
At the balance sheet date the company owed the director £9,814.92 (2023 - £23,332.90). At the balance sheet date the company owed Baylon Philips Financial Solutions Ltd £55,899.02 (2023 - £55,899.02). Baylon Philips Financial Solutions Ltd is a company wholly owed by the director of Urbanday Holdings Ltd. At the balance sheet date the company was owed £7,500 by Gon Urban Property Ltd (2023 - £15,000.00). The same company also provided management and letting agent fees to Urbanday throughout the year at fair market rate. Gon Urban Property Ltd is a company in which the director of Urbanday Holdings Ltd has a 50% share.
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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