Urban Creation (71PS) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 14734645 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st January 2026

for

Urban Creation (71PS) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J Brecknell

REGISTERED OFFICE:

62 Park St

Bristol

BS1 5JN

REGISTERED NUMBER:

14734645 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

75,485

97,145

Investments

5

100

-

Investment property

6

6,412,136

3,480,483

6,487,721

3,577,628

CURRENT ASSETS

Debtors

7

209,119

41,111

Cash at bank

3,015

3,065

212,134

44,176

CREDITORS

Amounts falling due within one year

8

1,349,007

3,389

NET CURRENT (LIABILITIES)/ASSETS

(1,136,873

)

40,787

TOTAL ASSETS LESS CURRENT LIABILITIES

5,350,848

3,618,415

CREDITORS

Amounts falling due after more than one year

9

(6,433,900

)

(4,059,547

)

PROVISIONS FOR LIABILITIES

(18,871

)

(24,286

)

NET LIABILITIES

(1,101,923

)

(465,418

)

CAPITAL AND RESERVES

Called up share capital

12

100

Retained earnings

13

(1,102,023

)

(465,518

)

SHAREHOLDERS' FUNDS

(1,101,923

)

(465,418

)

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 23rd October 2026 and were signed by:

Mr J Brecknell - Director

1.	STATUTORY INFORMATION

Urban Creation (71PS) 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.

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.

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.

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 reviewed the Company's cash flow forecasts and financing arrangements and have considered the ongoing financial support available from related parties and group undertakings. The directors are satisfied that sufficient funding will continue to be available to enable the Company to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statements.

Accordingly, the directors consider it appropriate to prepare the financial statements on the going concern basis.

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 year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

COST

At 1st February 2025

148,031

-

148,031

Additions

-

3,151

At 31st January 2026

148,031

3,151

151,182

DEPRECIATION

At 1st February 2025

50,886

-

50,886

Charge for year

24,286

525

24,811

At 31st January 2026

75,172

525

75,697

NET BOOK VALUE

At 31st January 2026

72,859

2,626

75,485

At 31st January 2025

97,145

-

97,145

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

100

At 31st January 2026

100

NET BOOK VALUE

At 31st January 2026

100

The company holds a 100% investment in the ordinary share capital of 71PS OpCo 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: NIL).

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st February 2025

3,480,483

Additions

2,931,653

At 31st January 2026

6,412,136

NET BOOK VALUE

At 31st January 2026

6,412,136

At 31st January 2025

3,480,483

Investment property is measured at fair value at each reporting date, with any changes in fair value recognised in profit or loss.

The directors have reviewed the carrying value of the Company's investment property at 31 January 2026 and are satisfied that the carrying value of £6,412,136 represents a reasonable estimate of its fair value at that date. Accordingly, no fair value adjustment has been recognised during the year.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Other debtors

5,065

25,942

Directors' current accounts

200,000

100

VAT

42

14,800

Prepayments

4,012

269

209,119

41,111

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Trade creditors

9,672

2,639

Amounts owed to group undertakings

1,203,373

-

Amount owed to related parties

134,642

-

Accrued expenses

1,320

750

1,349,007

3,389

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

Bank loans more 5 yrs non-inst

-

3,103,420

Amount owed to related parties

6,433,900

956,127

6,433,900

4,059,547

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

-

3,103,420

10.	LEASING AGREEMENTS

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

11.	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 71 Park Street, Bristol.

12.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

100

Ordinary

£1

100

13.

RESERVES

Retained

earnings

£

At 1st February 2025

(465,518

)

Deficit for the year

(636,505

)

At 31st January 2026

(1,102,023

)

14.	CONTINGENT LIABILITIES

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

15.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2026 and 31st January 2025:

31.1.26

31.1.25

£

Mr J Brecknell

Balance outstanding at start of year

-

Amounts advanced

200,000

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

200,000

-

Director's loan was repaid within 9 months of the balance sheet date.

16.	RELATED PARTY DISCLOSURES

During the year, the company entered into the following transactions with related parties:

Director’s loan account

At the year end, the director owed £200,000 (2025: £0) to the company. The balance was unsecured, interest-free and repaid within 9 months of the balance sheet date.

Transactions with related companies

During the year, the company incurred management charges of £16,323 (2025: NIL) from Urban Creation Limited, a company under common control.

At the balance sheet date, the Company owed £1,100,194 (2025: £723,127) to Urban Creation Limited. This Company is under common control. The balance is unsecured, interest-free and repayable on demand.

17.	POST BALANCE SHEET EVENTS

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

18.	ULTIMATE CONTROLLING PARTY

The Company is a wholly owned subsidiary of Urban Creation Management 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, the ultimate parent undertaking of the group.