Urban Centric (Cardiff) Limited Filleted accounts for Companies House (small and micro)

URBAN CENTRIC (CARDIFF) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10813907

Urban Centric (Cardiff) Limited

Filleted Unaudited Financial Statements

30 June 2019

Urban Centric (Cardiff) Limited

Statement of Financial Position

30 June 2019

	2019		2018
Note	£	£	£

Current assets

Stocks		53,498	361,322
Debtors	4	11,690	356
Cash at bank and in hand		17,294	8,405
		--------	---------
		82,482	370,083

Creditors: amounts falling due within one year	5	63,805		378,070
		--------		---------
Net current assets/(liabilities)			18,677	( 7,987)
			--------	-------
Total assets less current liabilities			18,677	( 7,987)
			--------	-------
Net assets/(liabilities)			18,677	( 7,987)
			--------	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	18,577	( 8,087)
	--------	-------
Shareholders funds/(deficit)	18,677	( 7,987)
	--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 12 August 2019 , and are signed on behalf of the board by:

Mr A J Woods

Director

Company registration number: 10813907

Urban Centric (Cardiff) Limited

Notes to the Financial Statements

Year ended 30 June 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Southernhay East, Exeter, EX1 1NX, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Debtors

	2019	2018
	£	£
Other debtors	11,690	356
	--------	----

5. Creditors: amounts falling due within one year

	2019	2018
	£	£
Trade creditors	58,197	–
Corporation tax	4,358	–
Other creditors	1,250	378,070
	--------	---------
	63,805	378,070
	--------	---------

6. Related party transactions

As at the year end the company owed £0 (2018 - £377,320) to Transworld Real Estate Limited, a company in which Mr D H Loosemore and Mrs R E Loosemore have a controlling interest. During the year the company was invoiced £2,400,000 (2018 - £0) for services by Transworld Real Estate Limited, a company in which Mr D H Loosemore and Mrs R E Loosemore have a controlling interest. During the year the company was invoiced £600,000 (2018 - £0) for services by Woods Property Holdings Limited, a company in which Mr A J Woods has a controlling interest.