REGISTERED NUMBER: 09770567 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st January 2026

for

Urban Creation (Charlotte Street) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J Brecknell

REGISTERED OFFICE:

62 Park Street

Bristol

City of Bristol

BS1 5JN

REGISTERED NUMBER:

09770567 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

52,977

48,182

Investments

5

100

100

Investment property

6

9,260,000

9,260,000

9,313,077

9,308,282

CURRENT ASSETS

Debtors

7

198,975

360,170

Cash at bank

1,494

1,027

200,469

361,197

CREDITORS

Amounts falling due within one year

8

339,864

293,425

NET CURRENT (LIABILITIES)/ASSETS

(139,395

)

67,772

TOTAL ASSETS LESS CURRENT LIABILITIES

9,173,682

9,376,054

CREDITORS

Amounts falling due after more than one year

9

(4,712,560

)

(4,866,196

)

PROVISIONS FOR LIABILITIES

(1,029,220

)

(1,041,403

)

NET ASSETS

3,431,902

3,468,455

CAPITAL AND RESERVES

Called up share capital

12

100

100

Fair value reserve

13

3,310,645

3,214,274

Retained earnings

13

121,157

254,081

SHAREHOLDERS' FUNDS

3,431,902

3,468,455

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

The members have not required the company to obtain an audit of its financial statements for the year 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 22nd October 2026 and were signed by:

Mr J Brecknell - Director

1.	STATUTORY INFORMATION

Urban Creation (Charlotte Street) Ltd 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 as modified by the revaluation of certain assets.

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:

Useful economic lives of tangible fixed assets - The annual depreciation charge depends on the estimated useful lives of assets. The directors review these estimates regularly based on the current condition of the assets and expected future use.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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.

Taxation

Taxation for the year 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.

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 year 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. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1st February 2025

-

315,559

315,559

Additions

20,831

-

20,831

Disposals

-

(30,103

)

(30,103

)

At 31st January 2026

20,831

285,456

306,287

DEPRECIATION

At 1st February 2025

-

267,377

267,377

Charge for year

1,736

12,046

13,782

Eliminated on disposal

-

(27,849

)

(27,849

)

At 31st January 2026

1,736

251,574

253,310

NET BOOK VALUE

At 31st January 2026

19,095

33,882

52,977

At 31st January 2025

-

48,182

48,182

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st February 2025

and 31st January 2026

100

NET BOOK VALUE

At 31st January 2026

100

At 31st January 2025

100

The company holds a 100% investment in the ordinary share capital of CS Operating Company Limited, a company incorporated and registered in England and Wales. The investment is stated at cost less any impairment. At 31 January 2026, the carrying value of the investment was £100 (2025: £100).

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st February 2025

and 31st January 2026

9,260,000

NET BOOK VALUE

At 31st January 2026

9,260,000

At 31st January 2025

9,260,000

Fair value at 31st January 2026 is represented by:

£

Valuation in 2017

1,508,447

Valuation in 2019

730,355

Valuation in 2020

385,255

Valuation in 2021

26,000

Valuation in 2022

1,084,128

Valuation in 2023

905,000

Valuation in 2024

(300,000

)

Cost

4,920,815

9,260,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.1.26

31.1.25

£

£

Cost

4,920,815

4,920,815

The investments property was valued on an open market basis on 31st January 2026 by the Director .

7.

DEBTORS

31.1.26

31.1.25

£

£

Amounts falling due within one year:

Prepayments

8,555

7,165

Amounts falling due after more than one year:

Amounts owed by related

parties

190,420

353,005

190,420

353,005

Aggregate amounts

198,975

360,170

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Amounts owed to group undertakings

338,538

292,128

Accrued expenses

1,326

1,297

339,864

293,425

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Amounts owed to group undertakings

4,712,560

4,866,196

10.	LEASING AGREEMENTS

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

11.	SECURED DEBTS

Within the Group, there is a charge against the properties known as 14, 15 and 16 Charlotte Street, Bristol. There is also a fixed and floating charge over the assets of the company.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

100

Ordinary

£1

100

100

13.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1st February 2025

254,081

3,214,274

3,468,355

Deficit for the year

(36,553

)

(36,553

)

Assets revalued in period

(96,371

)

96,371

-

At 31st January 2026

121,157

3,310,645

3,431,802

14.	CONTINGENT LIABILITIES

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

15.	RELATED PARTY DISCLOSURES

During the year, management charges totalling £59,702 (2025: £61,610) were charged to the company by Urban Creation Limited, a company under common control but outside of the Group.

At the year end, £190,420 (2025: £353,005) was owed by Urban Creation Limited.

This loan is interest free, repayable in more than 12 months and not secured against any assets.

16.	POST BALANCE SHEET EVENTS

There have been no events after the balance sheet date affecting the Company since the financial period.