Urban Development Projects (2) Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07865232

URBAN DEVELOPMENT PROJECTS (2) LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

22 December 2024

URBAN DEVELOPMENT PROJECTS (2) LTD

FINANCIAL STATEMENTS

PERIOD ENDED 22 DECEMBER 2024

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 5

URBAN DEVELOPMENT PROJECTS (2) LTD

STATEMENT OF FINANCIAL POSITION

22 December 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		–		1,550,000

CURRENT ASSETS

Debtors	6	1,344,859	1,024,730
Cash at bank and in hand		212,025	958
		------------	------------
		1,556,884	1,025,688

CREDITORS: amounts falling due within one year	7	( 1,673,296)		( 1,527,257)
		------------		------------
NET CURRENT LIABILITIES			( 116,412)		( 501,569)
			---------		------------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 116,412)		1,048,431

CREDITORS: amounts falling due after more than one year	8		( 18,692)		( 387,094)

PROVISIONS

Taxation including deferred tax	–	( 69,298)
	---------	------------
NET (LIABILITIES)/ASSETS	( 135,104)	592,039
	---------	------------

CAPITAL AND RESERVES

Called up share capital	1	1
Profit and loss account	( 135,105)	592,038
	---------	---------
SHAREHOLDER (DEFICIT)/FUNDS	( 135,104)	592,039
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 22 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

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

URBAN DEVELOPMENT PROJECTS (2) LTD

STATEMENT OF FINANCIAL POSITION (continued)

22 December 2024

These financial statements were approved by the board of directors and authorised for issue on 28 May 2026 , and are signed on behalf of the board by:

S P Graham
Director

Company registration number: 07865232

URBAN DEVELOPMENT PROJECTS (2) LTD

NOTES TO THE FINANCIAL STATEMENTS

PERIOD ENDED 22 DECEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Units 1 & 2 Sandleas Way, Leeds, LS15 8AW, England.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of rents received.

Deferred tax

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

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation to date.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

4. TAX ON (LOSS)/PROFIT

Major components of tax income

	2024	2023
	£	£

Current tax:

UK current tax expense	2,679	–
Adjustments in respect of prior periods	–	( 40)
	-------	----
Total current tax	2,679	( 40)
	-------	----

Deferred tax:

Origination and reversal of timing differences	( 69,298)	–
	--------	----
Tax on (loss)/profit	( 66,619)	( 40)
	--------	----

5. TANGIBLE ASSETS

	Investment property
	£
Cost
At 25 December 2023	1,550,000
Disposals	( 1,550,000)
	------------
At 22 December 2024	–
	------------
Depreciation
At 25 December 2023 and 22 December 2024	–
	------------
Carrying amount
At 22 December 2024	–
	------------
At 24 December 2023	1,550,000
	------------

6. DEBTORS

	2024	2023
	£	£
Other debtors	1,344,859	1,024,730
	------------	------------

7. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	10,000	30,260
Trade creditors	8,903	55,223
Corporation tax	2,679	–
Amounts due to related companies	60,314	60,314
Other creditors	1,591,400	1,381,460
	------------	------------
	1,673,296	1,527,257
	------------	------------

8. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	18,692	387,094
	--------	---------