Company No: 05929829 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	D Kattan
	H Yechiel

REGISTERED OFFICE	2 Leman Street
	London
	E1W 9US
	United Kingdom

COMPANY NUMBER

05929829 (England and Wales)

ACCOUNTANT	Gravita Business Services II Limited
	Aldgate Tower
	2 Leman Street
	London
	E1 8FA
	United Kingdom

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	43,621		66,790
		43,621		66,790
Current assets
Stocks		12,532		18,049
Debtors	4	505,479		647,235
Cash at bank and in hand		123,850		0
		641,861		665,284
Creditors: amounts falling due within one year	5	( 122,003)		( 169,836)
Net current assets		519,858		495,448
Total assets less current liabilities		563,479		562,238
Provision for liabilities		( 9,075)		( 9,075)
Net assets		554,404		553,163
Capital and reserves
Called-up share capital		100		100
Profit and loss account		554,304		553,063
Total shareholder's funds		554,404		553,163

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Urban Leisure (West Hampstead) Limited (registered number: 05929829) were approved and authorised for issue by the Board of Directors on 19 September 2025. They were signed on its behalf by:

H Yechiel Director

1. Accounting policies

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

General information and basis of accounting

Urban Leisure (West Hampstead) 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 2 Leman Street, London, E1W 9US, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for sale of bar food, drinks and room hire provided in the normal course of business, and is shown net of VAT where applicable.

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:

Land and buildings	depreciated over the life of the lease
Plant and machinery	15 % reducing balance
Fixtures and fittings	25 % reducing balance
Computer equipment	5 years straight line

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	13		13

3. Tangible assets

	Land and buildings		Plant and machinery		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 January 2024	216,123		101,068		121,988		3,665		442,844
Additions	0		1,853		0		0		1,853
At 31 December 2024	216,123		102,921		121,988		3,665		444,697
Accumulated depreciation
At 01 January 2024	190,268		90,180		92,204		3,402		376,054
Charge for the financial year	17,500		2,949		4,468		105		25,022
At 31 December 2024	207,768		93,129		96,672		3,507		401,076
Net book value
At 31 December 2024	8,355		9,792		25,316		158		43,621
At 31 December 2023	25,855		10,888		29,784		263		66,790

4. Debtors

	2024		2023
	£		£
Amounts owed by Parent undertakings	438,173		569,645
Other debtors	67,306		77,590
	505,479		647,235

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank overdrafts	0		3,191
Trade creditors	45,507		76,370
Other taxation and social security	45,682		54,320
Other creditors	30,814		35,955
	122,003		169,836

6. Financial commitments

Commitments

National Westminster Bank Plc holds a fixed and floating charge over the property undertakings of the company.

	2024		2023
	£		£
Total future minimum lease payments under non-cancellable operating lease	271,539		338,462

7. Related party transactions

At the year end the company was owed £438,173 (2023 - £569,645) by Urban Leisure Holdings Limited, the parent company, in respect of an interest free loan which is repayable on demand.

During the year management fees of £84,820 (2023 - £80,308) were charged by Urban Leisure (QP) Limited, another direct subsidiary of the parent company, Urban Leisure Holdings Limited.

8. Ultimate controlling party

The parent company of Urban Leisure (West Hampstead) Limited is Urban Leisure Holdings Limited and its registered office is 2 Leman Street, London, United Kingdom, E1W 9US.