Company No: 06441181 (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

06441181 (England and Wales)

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

	Note	2024		2023
		£		£
Fixed assets
Investments	3	700		700
		700		700
Current assets
Debtors	4	1,512,420		1,796,333
Cash at bank and in hand		0		8,542
		1,512,420		1,804,875
Creditors: amounts falling due within one year	5	( 604,087)		( 331,897)
Net current assets		908,333		1,472,978
Total assets less current liabilities		909,033		1,473,678
Creditors: amounts falling due after more than one year	6	( 2,680,229)		( 3,123,675)
Net liabilities		( 1,771,196)		( 1,649,997)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		( 1,771,296 )		( 1,650,097 )
Total shareholders' deficit		( 1,771,196)		( 1,649,997)

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 members have 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 Holdings Limited (registered number: 06441181) 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 Holdings 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, United Kingdom, E1W 9US.

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

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. This depends on the continued support of the directors and shareholders and the directors therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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	2		2

3. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	700
At 31 December 2024	700
Carrying value at 31 December 2024	700
Carrying value at 31 December 2023	700

4. Debtors

	2024		2023
	£		£
Amounts owed by own subsidiaries	1,512,420		1,796,333

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans and overdrafts	564,037		328,326
Other creditors	40,050		3,571
	604,087		331,897

6. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	838,860		1,143,530
Other creditors	1,841,369		1,980,145
	2,680,229		3,123,675

7. Financial commitments

Commitments

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

8. Related party transactions

At the year end the company was owed £1,616,307 (2023 - £1,384,059) by Urban Leisure (W2), £1,413,832 (2023 - £1,049,994) by Urban Leisure (WEL), £932,137 (2023 - £1,065,414) by Urban Leisure (EM), £83,662 by (2023 - £62,706 owed to) Urban Leisure (MV) and £182,924 (2023 - £226,483) by Urban Leisure (QP), the subsidiaries of the company.

At the year end the company owed £2,278,237 (2023 - £1,297,265) to Urban Leisure (NW6) and £438,173 (2023 - £569,645) to Urban Leisure (West Hampstead), also subsidiaries of the company.

At the year end, the company owed £1,038,265 (2023 - £1,082,652) to D Kattan and £803,105 (2023 - £897,493) to H Yechiel, the directors of the company, in respect of interest free loans.