Company No: 04738780 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	31.07.2025		31.03.2024
		£		£
Fixed assets
Tangible assets	3	0		5,190
		0		5,190
Current assets
Stocks		0		733
Debtors	4	3,619		956
Cash at bank and in hand		0		56,305
		3,619		57,994
Creditors: amounts falling due within one year	5	( 3,519)		( 4,644)
Net current assets		100		53,350
Total assets less current liabilities		100		58,540
Provision for liabilities		0		( 986)
Net assets		100		57,554
Capital and reserves
Called-up share capital		100		100
Profit and loss account		0		57,454
Total shareholder's funds		100		57,554

For the financial period ending 31 July 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Urbanfantasist Limited (registered number: 04738780) were approved and authorised for issue by the Director. They were signed on its behalf by:

Mrs J Christian Director

10 September 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Urbanfantasist Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Oak Lodge, Darrow Green Road Denton, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The financial statements have not been prepared on a going concern basis, as the company has ceased trading as of 31 July 2025. As a result, the director has concluded that the going concern basis of accounting is no longer appropriate. These financial statements have therefore been prepared on a break-up basis, which reflects the expected realisable value of assets and the anticipated settlement of liabilities.

Reporting period length

The reporting period has been extended to include the final period of trading.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment

10 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	Period from 01.04.2024 to 31.07.2025		Year ended 31.03.2024
	Number		Number
Monthly average number of persons employed by the Company during the period, including the director	1		1

3. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 April 2024	26,481		26,481
Additions	1,574		1,574
Disposals	( 28,055)		( 28,055)
At 31 July 2025	0		0
Accumulated depreciation
At 01 April 2024	21,291		21,291
Charge for the financial period	1,205		1,205
Disposals	( 22,496)		( 22,496)
At 31 July 2025	0		0
Net book value
At 31 July 2025	0		0
At 31 March 2024	5,190		5,190

4. Debtors

	31.07.2025		31.03.2024
	£		£
Amounts owed by director	3,619		0
Prepayments	0		856
Other debtors	0		100
	3,619		956

5. Creditors: amounts falling due within one year

	31.07.2025		31.03.2024
	£		£
Trade creditors	638		138
Amounts owed to director	0		626
Accruals	2,382		2,250
Corporation tax	499		1,630
	3,519		4,644

6. Related party transactions

Transactions with the entity's director

At the year end a director owed the company £3,619. In 2024 the company owed the director £626. This is repayable on demand and is shown in note 4. The amounts advanced during the year amounted to £3,619.