Company No: 07107143 (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

07107143 (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	159,687		203,840
		159,687		203,840
Current assets
Stocks		17,941		16,042
Debtors	4	107,218		150,707
Cash at bank and in hand		220,514		108,075
		345,673		274,824
Creditors: amounts falling due within one year	5	( 610,859)		( 654,734)
Net current liabilities		(265,186)		(379,910)
Total assets less current liabilities		(105,499)		(176,070)
Provision for liabilities		( 34,032)		( 34,032)
Net liabilities		( 139,531)		( 210,102)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		( 139,631 )		( 210,202 )
Total shareholder's deficit		( 139,531)		( 210,102)

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 (QP) Limited (registered number: 07107143) 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 (QP) 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for food and drink 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 - 25 % reducing balance
Fixtures and fittings	25 % reducing balance
Office equipment	5 years straight line
Computer equipment	3 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	26		35

3. Tangible assets

	Land and buildings		Plant and machinery		Fixtures and fittings		Office equipment		Computer equipment		Total
	£		£		£		£		£		£
Cost
At 01 January 2024	306,708		12,549		292,705		190,377		112,462		914,801
Additions	4,045		0		10,220		3,445		1,633		19,343
At 31 December 2024	310,753		12,549		302,925		193,822		114,095		934,144
Accumulated depreciation
At 01 January 2024	290,402		10,425		195,277		127,202		87,655		710,961
Charge for the financial year	1,620		528		26,189		14,048		21,111		63,496
At 31 December 2024	292,022		10,953		221,466		141,250		108,766		774,457
Net book value
At 31 December 2024	18,731		1,596		81,459		52,572		5,329		159,687
At 31 December 2023	16,306		2,124		97,428		63,175		24,807		203,840

4. Debtors

	2024		2023
	£		£
Trade debtors	13,560		3,756
Other debtors	93,658		146,951
	107,218		150,707

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	107,305		156,477
Amounts owed to Group undertakings	182,924		226,483
Other taxation and social security	130,077		96,124
Other creditors	190,553		175,650
	610,859		654,734

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	833,000		943,000

7. Related party transactions

At the year end the company owed £182,924 (2023 - £226,483) to Urban Leisure Holdings Limited, the parent company, in respect of an interest free loan which is repayable on demand.

During the year management fees were receivable from the fellow subsidiary companies as follows:

• Urban Leisure (EM) Limited £158,747 (2023 - £128,822)
• Urban Leisure (MV) Limited £160,302 (2023 - £154,731)
• Urban Leisure (NW6) Limited £152,742 (2023 - £146,649)
• Urban Leisure (West Hampstead) Limited £84,820 (2023 - £80,308)
• Urban Leisure (WEL) Limited £69,626 (2023 - £66,430)
• Urban Leisure (W2) Limited £280,281 (2023 - £291,138)

8. Ultimate controlling party

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