Urbanfloat Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 04717315

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,997		7,951
Investment Properties	5		919,374		919,374

			925,371		927,325
CURRENT ASSETS
Debtors	6	4,066		4,066
Cash at bank and in hand		108		460

		4,174		4,526
Creditors: Amounts Falling Due Within One Year	7	(553,939 )		(551,541 )

NET CURRENT ASSETS (LIABILITIES)			(549,765 )		(547,015 )

TOTAL ASSETS LESS CURRENT LIABILITIES			375,606		380,310

Creditors: Amounts Falling Due After More Than One Year	8		(234,325 )		(264,813 )

PROVISIONS FOR LIABILITIES
Provisions For Charges			(20,000 )		(20,000 )

NET ASSETS			121,281		95,497

CAPITAL AND RESERVES
Called up share capital	9		105		105
Profit and Loss Account			121,176		95,392

SHAREHOLDERS' FUNDS			121,281		95,497

Page 1

Page 2

Urbanfloat Limited

Balance Sheet (continued)

As At 30 September 2024

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Ian Mallows

Director

30 September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Urbanfloat Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04717315 . The registered office is 7 St. Petersgate, Stockport, Cheshire, SK1 1EB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% Reducing balance
Fixtures & Fittings	15% Reducing balance

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

Page 3

Page 4

Urbanfloat Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 October 2023	11,600	1,258	12,858

As at 30 September 2024	11,600	1,258	12,858

Depreciation
As at 1 October 2023	3,988	919	4,907
Provided during the period	1,903	51	1,954

As at 30 September 2024	5,891	970	6,861

Net Book Value
As at 30 September 2024	5,709	288	5,997

As at 1 October 2023	7,612	339	7,951

5. Investment Property

	2024
	£
Fair Value
As at 1 October 2023 and 30 September 2024	919,374

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	4,066	4,066

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	21,176	-
Bank loans and overdrafts	4,080	4,080
Other creditors	505,595	523,464
Taxation and social security	23,088	23,997

	553,939	551,541

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	234,325	264,813

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	105	105

Page 4