ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 08665305

URBAN SUMMIT CONSTRUCTION LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2025

URBAN SUMMIT CONSTRUCTION LIMITED

REGISTERED NUMBER: 08665305

BALANCE SHEET

AS AT 31 AUGUST 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		814		3,123
Current assets
Debtors: amounts falling due within one year	5	132,800		477,437
Bank and cash balances		26,063		40,109
		158,863		517,546
Creditors: amounts falling due within one year	6	(156,335)		(477,721)
Net current assets			2,528		39,825
Total assets less current liabilities			3,342		42,948
Creditors: amounts falling due after more than one year	7		-		(9,167)
Provisions for liabilities
Deferred tax	9		(204)		(594)
Net assets			3,138		33,187

Capital and reserves
Called up share capital	10	2	2
Profit and loss account		3,136	33,185
		3,138	33,187

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 May 2026.

S Dunnett

Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

URBAN SUMMIT CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1.	GENERAL INFORMATION

Urban Summit Construction Limited is a private company limited by shares, incorporated in England and Wales, United Kingdom. The address of the registered office is Tennyson House, Cambridge Business Park, Cambridge, CB4 0WZ. The principal activity of the Company continued to be that of building contractors.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in pounds sterling, which is the functional currency of the Company and are rounded to the nearest pound.

The following principal accounting policies have been applied:

2.2

GOING CONCERN

At the time of approving the financial statements, the Director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the Director continues to adopt the going concern basis of accounting in preparing the financial statements.

2.3

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

LONG-TERM CONTRACTS

Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen.

Page 2

URBAN SUMMIT CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.5

DEBTORS

Short term debtors are measured at transaction price, less any impairment.

2.6

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

CREDITORS

Short term creditors are measured at the transaction price.

2.8

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.9

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.10

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

2.11

PENSIONS

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.12

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

URBAN SUMMIT CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.13

TAXATION

Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

URBAN SUMMIT CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

EMPLOYEES

The average monthly number of employees, including directors, during the year was 4 (2024 - 5).

4.	TANGIBLE FIXED ASSETS

		Plant and machinery etc
		£
	COST
	At 1 September 2024	14,261
	At 31 August 2025	14,261
	Depreciation
	At 1 September 2024	11,138
	Charge for the year on owned assets	2,309
	At 31 August 2025	13,447
	Net book value
	At 31 August 2025	814
	At 31 August 2024	3,123

DEBTORS

					2025	2024
					£	£


Trade debtors	130,903	263,563
Amounts owed by group undertakings	-	175,000
Other debtors	1,897	38,874
	132,800	477,437

Page 5

URBAN SUMMIT CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

6.	CREDITORS: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	9,167	10,000
Trade creditors	20,152	8,074
Amounts owed to group undertakings	118,913	444,150
Corporation tax	-	199
Other taxation and social security	656	8,666
Other creditors	4,697	3,882
Accruals and deferred income	2,750	2,750
	156,335	477,721

7.	CREDITORS: Amounts falling due after more than one year
		2025	2024
		£	£

	Bank loans	-	9,167

Amounts falling due within one year
Bank loans	9,167	10,000
Amounts falling due 1-2 years
Bank loans	-	9,167


	9,167	19,167

The bank loan is 100% government-backed under the Bounce Back Loan Scheme and is repayable by installments. Interest is charged at 2.5% p.a.

Page 6

URBAN SUMMIT CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

9.	DEFERRED TAXATION

		2025
		£

	At beginning of year	(594)
	Charged to profit or loss	390
	At end of year	(204)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

Accelerated capital allowances

204

594

10.	SHARE CAPITAL
		2025	2024
		£	£

Allotted, called up and fully paid

2 (2024 - 2) Ordinary shares of £1.00 each	2	2

11.	PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £868 (2024 - £901). contributions totalling £169 (2023 - £341) were payable to the fund at the balance sheet date and are included in creditors.

12.	RELATED PARTY TRANSACTIONS
	The Company has taken advantage of the exemption from the requirement to disclose transactions with wholly owned group companies.

13.	CONTROLLING PARTY

The immediate controlling party is Urban Summit Group Limited, a company incorporated in England and Wales, United Kingdom.

The ultimate controlling party is S Dunnett.

Page 7