URBAN ELECTRIC NETWORKS LTD


Directors	FREELING-WILKINSON, Olivier
	JOHNSTON, Keith
	ROOKE, Simon


Registered Address	9 Amberside House
	Wood Lane
	Hemel Hempstead
	HP2 4TP


Registered Number	10830248 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	4		315,014		302,601
Tangible assets	5		768		-
			315,782		302,601
Current assets
Debtors	6	300,807		312,472
Cash at bank and on hand		224,983		267,385
		525,790		579,857
Creditors amounts falling due within one year	7	(472,172)		(173,867)
Net current assets (liabilities)			53,618		405,990
Total assets less current liabilities			369,400		708,591
Creditors amounts falling due after one year	8		(741,725)		(1,086,138)
Net assets			(372,325)		(377,547)
Capital and reserves
Share premium			2,094,863		2,094,863
Profit and loss account			(2,467,188)		(2,472,410)
Shareholders' funds			(372,325)		(377,547)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 4 September 2026, and are signed on its behalf by:

FREELING-WILKINSON, Olivier
Director
Registered Company No. 10830248

URBAN ELECTRIC NETWORKS LTD

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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 policy
	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.

	Deferred tax
	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.

Deferred tax

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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Research and development
	All research and development costs are recognised as an expense in the period in which it is incurred.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Office Equipment	3

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		1

3.	Prior period adjustment
	During the year, the company identified an error in the prior period relating to the recognition of interest on a non-current loan. Deferred interest had not been fully recognised in accordance with the effective interest rate method. The adjustment increases finance costs in the comparative period by £124,102, from £38,882 to £162,984, with a corresponding increase in the total loan liability. As a result, opening retained earnings have been reduced by £124,102. There is no impact on cash. The deferred tax credit for 2024 has decreased from £337,090 to £222,276. In addition, the loan liability in the comparative period has been reclassified between amounts due within one year and amounts due after more than one year.

Prior period adjustment

During the year, the company identified an error in the prior period relating to the recognition of interest on a non-current loan. Deferred interest had not been fully recognised in accordance with the effective interest rate method.
The adjustment increases finance costs in the comparative period by £124,102, from £38,882 to £162,984, with a corresponding increase in the total loan liability. As a result, opening retained earnings have been reduced by £124,102. There is no impact on cash.
The deferred tax credit for 2024 has decreased from £337,090 to £222,276. In addition, the loan liability in the comparative period has been reclassified between amounts due within one year and amounts due after more than one year.

4.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 January 25	394,956	394,956
Additions	45,323	45,323
At 31 December 25	440,279	440,279
Amortisation and impairment
At 01 January 25	92,355	92,355
Charge for year	32,910	32,910
At 31 December 25	125,265	125,265
Net book value
At 31 December 25	315,014	315,014
At 31 December 24	302,601	302,601

5.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 25	3,157	3,157
Additions	838	838
Disposals	(3,157)	(3,157)
At 31 December 25	838	838
Depreciation and impairment
At 01 January 25	3,157	3,157
Charge for year	70	70
On disposals	(3,157)	(3,157)
At 31 December 25	70	70
Net book value
At 31 December 25	768	768
At 31 December 24	-	-

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	51,896	85,743
Other debtors	218,046	222,185
Prepayments and accrued income	30,865	4,544
Total	300,807	312,472

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	57,472	24,984
Bank borrowings and overdrafts	377,761	90,004
Taxation and social security	36,939	29,654
Accrued liabilities and deferred income	-	29,225
Total	472,172	173,867

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	741,725	1,086,138
Total	741,725	1,086,138