REGISTERED NUMBER: 10644831 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st January 2026

for

Urban Creation Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J Brecknell

REGISTERED OFFICE:

62 Park Street

Bristol

City of Bristol

BS1 5JN

REGISTERED NUMBER:

10644831 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Investments

4

1,000

900

CURRENT ASSETS

Debtors

5

31,771,281

24,769,356

Cash at bank

2,533

5,866

31,773,814

24,775,222

CREDITORS

Amounts falling due within one year

6

2,677,407

2,324,143

NET CURRENT ASSETS

29,096,407

22,451,079

TOTAL ASSETS LESS CURRENT LIABILITIES

29,097,407

22,451,979

CREDITORS

Amounts falling due after more than one year

7

29,273,865

22,557,780

NET LIABILITIES

(176,458

)

(105,801

)

CAPITAL AND RESERVES

Called up share capital

11

800

700

Retained earnings

12

(177,258

)

(106,501

)

SHAREHOLDERS' FUNDS

(176,458

)

(105,801

)

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 Management 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

The directors consider that there are no critical judgements or 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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.

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 director has considered the Company's financial position and the ongoing financial support available from the wider group. Having reviewed the Company's projected cash flows and funding arrangements, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st February 2025

900

Additions

100

At 31st January 2026

1,000

NET BOOK VALUE

At 31st January 2026

1,000

At 31st January 2025

900

The Company holds 100% of the ordinary shares in the following companies, all of which are incorporated in England and Wales. Investments in subsidiary undertakings are stated at cost less any impairment.

At 31 January 2026, the carrying value of the Company's investments in subsidiary undertakings was £1,000 (2025: £900).

- 62 Park Street Bristol Limited

- Urban Creation (QR) Limited

- Urban Creation (Shaw) Limited

- Urban Creation (Tyndalls) Limited

- Urban Creation (Alison Court) Limited

- Urban Creation (Beech House) Limited

- Urban Creation (Charlotte Street) Limited

- Urban Creation (Park Avenue) Limited

- Urban Creation (Park Street) Limited

- Urban Creation (71PS) Limited

5.

DEBTORS

31.1.26

31.1.25

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

1,669,909

1,305,494

31.1.26

31.1.25

£

£

Amounts falling due after more than one year:

Amounts owed by group undertakings

27,883,802

21,042,810

Other debtors

2,217,570

2,421,052

30,101,372

23,463,862

Aggregate amounts

31,771,281

24,769,356

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts (see note 8)

1,669,909

1,305,493

Trade creditors

8,004

-

Directors' current accounts

996,590

1,015,890

Accrued expenses

2,904

2,760

2,677,407

2,324,143

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans (see note 8)

28,470,465

22,334,882

Amounts owed to group undertakings

402,500

-

Other creditors

400,900

222,898

29,273,865

22,557,780

8.

LOANS

An analysis of the maturity of loans is given below:

31.1.26

31.1.25

£

£

Amounts falling due within one year or on demand:

Bank loans

1,669,909

1,305,493

Amounts falling due between one and two years:

Bank loans - 1-2 years

1,852,523

1,311,995

Amounts falling due between two and five years:

Bank loans - 2-5 years

26,617,942

21,022,887

9.	LEASING AGREEMENTS

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

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

Bank loans

30,140,374

23,640,375

Bank loans are secured by the following properties held within the Group:-

- 14, 15 and 16 Charlotte Street, Bristol

- Alison Court, 4 Apsley Road, Bristol

- 4 Park Lane, St Michael's Hill, Bristol

- Beech House, 6 St Paul's Road, Bristol

- Upper Floors, Ashington House, 49 Queens Road, Bristol

- Prince Rupert House, 15 Whiteladies Road, Bristol

- 50 Park Street, Bristol

- 62 Park Street, Bristol

- 71 Park Street, Bristol

- 76 Park Street, Bristol

- 5 Park Street Avenue, Bristol

11.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

800

Ordinary A

£1

800

700

100 Ordinary A shares of £1 were issued during the year for cash of £ 100 .

12.

RESERVES

Retained

earnings

£

At 1st February 2025

(106,501

)

Deficit for the year

(70,757

)

At 31st January 2026

(177,258

)

13.	CONTINGENT LIABILITIES

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

14.	RELATED PARTY DISCLOSURES

At the year end, £331,900 (2025: £81,898) was owed to Urban Creation Limited, a company under common control but not within the Group.

At the year end, £69,000 (2025: £141,000) was owed to Urban Creation (60 QR) Limited, a company under common control but not within the Group.

At the year end, £2,189,570 (2025: £2,188,052) was owed from Urban Creation (11 to 13 WLR) Limited, a company under common control but not within the Group.

At the year end, £28,000 (2025: £0) was owed from from 48 Park Street Opco Limited, a company under common control but not within the Group.

These loans are interest free, repayable in more than 12 months and not secured against any assets.

At the balance sheet date, the Company owed £996,590 (2025: £1,015,890) to a director. The balance is unsecured, interest-free and repayable on demand.

15.	POST BALANCE SHEET EVENTS

There have been no material events after the reporting date requiring adjustment to, or disclosure in, these financial statements.

16.	ULTIMATE CONTROLLING PARTY

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

The ultimate controlling parties are Jonathan Brecknell and Sarah Brecknell, who control the Company through their shareholdings in Urban Creation Topco Limited.