REGISTERED NUMBER: 15971589 (England and Wales)

Unaudited Financial Statements

for the Period 23rd September 2024 to 31st January 2026

for

Urban Creation (11 to 13 WLR) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J Brecknell

REGISTERED OFFICE:

62 Park St

Bristol

Bristol

BS1 5JN

REGISTERED NUMBER:

15971589 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Investment property

4

2,586,219

CURRENT ASSETS

Debtors

5

820,126

CREDITORS

Amounts falling due within one year

6

1,418,164

NET CURRENT LIABILITIES

(598,038

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,988,181

CREDITORS

Amounts falling due after more than one year

7

2,060,201

NET LIABILITIES

(72,020

)

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

11

(72,120

)

SHAREHOLDERS' FUNDS

(72,020

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st January 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st January 2026 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.

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 September 2026 and were signed by:

Mr J Brecknell - Director

1.	STATUTORY INFORMATION

Urban Creation (11 to 13 WLR) 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.

The financial statements are presented in Pounds Sterling (£), which is the Company's functional and presentation currency.

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.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.

The estimates and associated assumptions are based on historical experience and other factors considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.

The following are the critical judgements and key sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year:

Valuation of investment property - Investment property is measured at fair value, with changes recognised in profit or loss. The valuation is based on market conditions and may involve the use of external valuers and assumptions regarding yields and rental income.

Turnover

Turnover represents rental income receivable under lease agreements and is recognised on a straight-line basis over the term of the lease. All turnover arose within the United Kingdom.

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 period 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 period 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.

Cash & cash equivalents

Cash comprises cash in hand and demand deposits. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value.

Cash and cash equivalents consist solely of balances held in the Company's bank current account. The Company does not hold any short-term investments and does not operate an overdraft facility.

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered the Company's financial position and are satisfied that it has adequate resources to continue in operational existence for the foreseeable future. This is largely due to the financial support available from the Company's parent and fellow group undertakings. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Financial instruments

The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments'.

Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets: Short-term debtors are measured at transaction price, less any impairment. Loans receivable are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method, less any impairment.

Basic financial liabilities: Short-term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

2,586,219

At 31st January 2026

2,586,219

NET BOOK VALUE

At 31st January 2026

2,586,219

The investment property was acquired during the period and is held for the purpose of generating rental income.

The directors have assessed the fair value of the property as at 31 January 2026 and consider that the carrying value of £2,586,219 is a reasonable approximation of fair value. Accordingly, no fair value adjustment has been recognised in the financial statements.

In forming this conclusion, the directors considered the recent acquisition and development history of the property together with prevailing market conditions at the reporting date.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

759,584

Other debtors

2,674

VAT

11,376

Prepayments

46,492

820,126

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

1,133,285

Trade creditors

146,361

Amounts owed to group undertakings

129,368

Deferred income

8,050

Accrued expenses

1,100

1,418,164

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Amounts owed to group undertakings

2,060,201

8.	LEASING AGREEMENTS

The Company had no material commitments under non-cancellable operating leases at the balance sheet date.

9.	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 11-13 Whiteladies Road, Bristol.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

11.

RESERVES

Retained

earnings

£

Deficit for the period

(72,120

)

At 31st January 2026

(72,120

)

12.	CONTINGENT LIABILITIES

The Company had no contingent liabilities at the balance sheet date.

13.	RELATED PARTY DISCLOSURES

At the balance sheet date, the Company owed £2,189,570 to Urban Creation Management Limited. This Company is under common control. The balance is unsecured and interest-free. £129,368 of this balance is repayable on demand. £2,060,201 is due after more than 1 year.

At the balance sheet date, the Company was owed £759,584 from Urban Creation Limited. This Company is under common control. The balance is unsecured, interest-free and repayable on demand.

14.	POST BALANCE SHEET EVENTS

There have been no material events after the balance sheet date requiring disclosure in these financial statements.

15.	ULTIMATE CONTROLLING PARTY

The Company is a wholly owned subsidiary of Urban Creation Holdings Limited, a company incorporated in England and Wales.

The ultimate controlling parties are Mr J & Mrs S J Brecknell by virtue of their shareholdings in Urban Creation Holdings Limited.