IRIS Accounts Production v25.3.0.601 10868401 director 1.2.24 31.1.25 31.1.25 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 10868401 2024-01-31 10868401 2025-01-31 10868401 2024-02-01 2025-01-31 10868401 2023-01-31 10868401 2023-02-01 2024-01-31 10868401 2024-01-31 10868401 ns15:EnglandWales 2024-02-01 2025-01-31 10868401 ns14:PoundSterling 2024-02-01 2025-01-31 10868401 ns10:Director1 2024-02-01 2025-01-31 10868401 ns10:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 10868401 ns10:SmallEntities 2024-02-01 2025-01-31 10868401 ns10:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 10868401 ns10:SmallCompaniesRegimeForDirectorsReport 2024-02-01 2025-01-31 10868401 ns10:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 10868401 ns10:FullAccounts 2024-02-01 2025-01-31 10868401 ns10:OrdinaryShareClass1 2024-02-01 2025-01-31 10868401 ns10:RegisteredOffice 2024-02-01 2025-01-31 10868401 ns5:CurrentFinancialInstruments 2025-01-31 10868401 ns5:CurrentFinancialInstruments 2024-01-31 10868401 ns5:Non-currentFinancialInstruments 2025-01-31 10868401 ns5:Non-currentFinancialInstruments 2024-01-31 10868401 ns5:ShareCapital 2025-01-31 10868401 ns5:ShareCapital 2024-01-31 10868401 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-01-31 10868401 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-01-31 10868401 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 10868401 ns5:RetainedEarningsAccumulatedLosses 2024-01-31 10868401 ns5:PlantMachinery 2024-02-01 2025-01-31 10868401 ns5:FurnitureFittings 2024-02-01 2025-01-31 10868401 ns5:PlantMachinery 2024-01-31 10868401 ns5:FurnitureFittings 2024-01-31 10868401 ns5:PlantMachinery 2025-01-31 10868401 ns5:FurnitureFittings 2025-01-31 10868401 ns5:PlantMachinery 2024-01-31 10868401 ns5:FurnitureFittings 2024-01-31 10868401 ns5:CostValuation 2024-01-31 10868401 ns10:OrdinaryShareClass1 2025-01-31 10868401 ns5:RetainedEarningsAccumulatedLosses 2024-01-31 10868401 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-01-31 10868401 ns5:RetainedEarningsAccumulatedLosses 2024-02-01 2025-01-31

REGISTERED NUMBER: 10868401 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31st January 2025 |

| for |

| Urban Creation (Park Avenue) Limited |

Urban Creation (Park Avenue) Limited (Registered number: 10868401)

Contents of the Financial Statements

for the Year Ended 31st January 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Urban Creation (Park Avenue) Limited

Company Information

for the Year Ended 31st January 2025

| DIRECTOR: | Mr J Brecknell

| REGISTERED OFFICE: | Woodlands Grange

| Woodlands Lane

| Bradley Stoke

| Bristol

| United Kingdom

| BS32 4JY

| REGISTERED NUMBER: | 10868401 (England and Wales)

| ACCOUNTANTS: | Dunkley's

| Woodlands Grange

| Woodlands Lane

| Bradley Stoke

| Bristol

| United Kingdom

| BS32 4JY

Urban Creation (Park Avenue) Limited (Registered number: 10868401)

Balance Sheet

31st January 2025

| 31.1.25 | 31.1.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 49,780 |  | 65,806 |  |

Investments | 5 | 100 |  | 100 |  |

Investment property | 6 | 2,760,000 |  | 2,760,000 |  |

2,809,880 |  | 2,825,906 |  |

CURRENT ASSETS

Debtors | 7 | 243,642 |  | 338,485 |  |

Cash at bank | 5,257 |  | 2,107 |  |

248,899 |  | 340,592 |  |

CREDITORS

Amounts falling due within one year | 8 | 88,651 |  | 92,275 |  |

NET CURRENT ASSETS | 160,248 |  | 248,317 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,970,128 |  | 3,074,223 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (2,328,839 | ) | (2,454,095 | ) |

PROVISIONS FOR LIABILITIES | (182,145 | ) | (188,779 | ) |

NET ASSETS | 459,144 |  | 431,349 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 100 |  | 100 |  |

Fair value reserve | 12 | 564,815 |  | 566,336 |  |

Retained earnings | 12 | (105,771 | ) | (135,087 | ) |

SHAREHOLDERS' FUNDS | 459,144 |  | 431,349 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Urban Creation (Park Avenue) Limited (Registered number: 10868401)

Balance Sheet - continued

31st January 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21st October 2025 and were signed by:

Mr J Brecknell - Director

Urban Creation (Park Avenue) Limited (Registered number: 10868401)

Notes to the Financial Statements

for the Year Ended 31st January 2025

1. | STATUTORY INFORMATION

| Urban Creation (Park Avenue) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Turnover represents rental income recognised over the period to which it relates.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

Urban Creation (Park Avenue) Limited (Registered number: 10868401)

Notes to the Financial Statements - continued

for the Year Ended 31st January 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |

| machinery |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1st February 2024 | 9,415 |  | 333,874 |  | 343,289 |  |

| Additions | 498 |  | - |  | 498 |  |

| At 31st January 2025 | 9,913 |  | 333,874 |  | 343,787 |  |

| DEPRECIATION

| At 1st February 2024 | 7,181 |  | 270,302 |  | 277,483 |  |

| Charge for year | 631 |  | 15,893 |  | 16,524 |  |

| At 31st January 2025 | 7,812 |  | 286,195 |  | 294,007 |  |

| NET BOOK VALUE

| At 31st January 2025 | 2,101 |  | 47,679 |  | 49,780 |  |

| At 31st January 2024 | 2,234 |  | 63,572 |  | 65,806 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1st February 2024

| and 31st January 2025 | 100 |  |

| NET BOOK VALUE

| At 31st January 2025 | 100 |  |

| At 31st January 2024 | 100 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1st February 2024

| and 31st January 2025 | 2,760,000 |  |

| NET BOOK VALUE

| At 31st January 2025 | 2,760,000 |  |

| At 31st January 2024 | 2,760,000 |  |

Urban Creation (Park Avenue) Limited (Registered number: 10868401)

Notes to the Financial Statements - continued

for the Year Ended 31st January 2025

6. | INVESTMENT PROPERTY - continued

| Fair value at 31st January 2025 is represented by:

£ |

| Valuation in 2020 | 773,823 |  |

| Valuation in 2022 | (263,668 | ) |

| Valuation in 2023 | (85,000 | ) |

| Valuation in 2024 | 330,000 |  |

| Cost | 2,004,845 |  |

2,760,000 |  |

| If the investment property had not been revalued it would have been included at the following historical cost:

| 31.1.25 |  | 31.1.24

£ | £ |

| Cost | 2,004,845 |  | 2,004,845 |  |

| The investment property was valued on an open market basis on 31st January 2025 by the Director .

7. | DEBTORS

| 31.1.25 |  | 31.1.24

£ | £ |

| Amounts falling due within one year:

| Prepayments | 2,939 |  | 2,651 |  |

| Amounts falling due after more than one year:

| Amounts owed by group undertakings | - |  | 101,545 |  |

| Amount owed by related parties | 240,703 |  | 234,289 |  |

240,703 |  | 335,834 |  |

| Aggregate amounts | 243,642 |  | 338,485 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.1.25 |  | 31.1.24

£ | £ |

| Amounts owed to group undertakings | 87,071 |  | 89,180 |  |

| VAT | 500 |  | 2,070 |  |

| Accrued expenses | 1,080 |  | 1,025 |  |

88,651 |  | 92,275 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.1.25 |  | 31.1.24

£ | £ |

| Amounts owed to group undertakings | 2,328,839 |  | 2,454,095 |  |

10. | SECURED DEBTS

| A loan within the Group is secured on a fixed and floating charge over the assets of the company, with a specific charge on the property known as 76 Park Street, Bristol.

Urban Creation (Park Avenue) Limited (Registered number: 10868401)

Notes to the Financial Statements - continued

for the Year Ended 31st January 2025

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.1.25 |  | 31.1.24

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

12. | RESERVES

| Fair |

| Retained |  | value |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1st February 2024 | (135,087 | ) | 566,336 |  | 431,249 |  |

| Profit for the year | 27,795 |  | 27,795 |  |

| Assets revalued in period | 1,521 |  | (1,521 | ) | - |  |

| At 31st January 2025 | (105,771 | ) | 564,815 |  | 459,044 |  |

13. | RELATED PARTY DISCLOSURES

| During the year, management charges totalling £15,286 (2024: £13,539) were incurred, and due to Urban Creation Limited. This is a company under common control but not within the Group.

| At the year end, £240,703 (2024: £234,289) was owed from Urban Creation Limited to Urban Creation (Park Avenue) Limited.

| This loan is interest free, repayable in more than 12 months and not secured against any assets.