Urbis Ltd - Filleted accounts

Registered number

SC201462

Urbis Ltd

Filleted Accounts

31 March 2025

Urbis Ltd
Registered number:		SC201462
Balance Sheet
as at 31 March 2025

Notes			2025			2023
£				£
Fixed assets
Tangible assets	3		419,240			421,285

Current assets
Debtors	4	5,160			5,143
Cash at bank and in hand		90,205			57,515
		95,365			62,658

Creditors: amounts falling due within one year	5	(52,858)			(45,956)

Net current assets			42,507			16,702

Total assets less current liabilities			461,747			437,987


Provisions for liabilities			(347)			-


Net assets			461,400			437,987

Capital and reserves
Called up share capital			2			2
Profit and loss account			461,398			437,985

Shareholders' funds			461,400			437,987

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Ms Jill Malvenan
Director
Approved by the board on 15 December 2025

Urbis Ltd
Notes to the Accounts
for the period from 1 December 2023 to 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures & fittings			25% reducing balance
	Computer equipment			33% on cost

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2023
Number							Number

	Average number of persons employed by the company					2		2


3	Tangible fixed assets
		Land and buildings		Fixtures & Fittings		Computer equipment		Total
£			£		£		£
	Cost
	At 1 December 2023	469,997		14,013		19,367		503,377
	Additions	-		-		2,079		2,079
	At 31 March 2025	469,997		14,013		21,446		505,456

	Depreciation
	At 1 December 2023	49,551		13,355		19,186		82,092
	Charge for the period	3,035		219		870		4,124
	At 31 March 2025	52,586		13,574		20,056		86,216

	Net book value
	At 31 March 2025	417,411		439		1,390		419,240
	At 30 November 2023	420,446		658		181		421,285


4	Debtors					2025		2023
£							£

	Trade debtors					4,214		418
	Prepayments and accrued income					946		868
	Deferred tax asset					-		3,857
						5,160		5,143


5	Creditors: amounts falling due within one year					2025		2023
£							£

	Trade creditors					1,488		294
	Accruals and deferred income					875		500
	Taxation and social security costs					2,582		-
	Directors loan account					41,241		40,606
	Other creditors					6,672		4,556
						52,858		45,956


6	Controlling party

	The company is controlled by the Directors and shareholders, DS Fleming and Ms J Malvenan.


7	Other information

	Urbis Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
	34 Cotton Street
	Balfron
	Glasgow
	G63 0PG