Urban Creation (Charlotte Street) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09770567 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2019

for

Urban Creation (Charlotte Street) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Brecknell

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

REGISTERED NUMBER:

09770567 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

City of Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

4

174,625

121,773

Investments

5

100

-

Investment property

6

7,130,000

6,315,000

7,304,725

6,436,773

CURRENT ASSETS

Debtors

7

980,061

585,334

Cash at bank

264

641

980,325

585,975

CREDITORS

Amounts falling due within one year

8

1,595,524

1,168,475

NET CURRENT LIABILITIES

(615,199

)

(582,500

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,689,526

5,854,273

CREDITORS

Amounts falling due after more than one year

9

(4,612,312

)

(4,482,854

)

PROVISIONS FOR LIABILITIES

(425,372

)

(286,605

)

NET ASSETS

1,651,842

1,084,814

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

12

1,651,742

1,084,714

SHAREHOLDERS' FUNDS

1,651,842

1,084,814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 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 on 25 October 2019 and were signed by:

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.

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.

The company is wholly owned by Urban Creation Management Limited.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Revenue is recognised evenly over the rental period.

Tangible fixed assets

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 February 2018

162,364

Additions

111,060

At 31 January 2019

273,424

DEPRECIATION

At 1 February 2018

40,591

Charge for year

58,208

At 31 January 2019

98,799

NET BOOK VALUE

At 31 January 2019

174,625

At 31 January 2018

121,773

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

100

At 31 January 2019

100

NET BOOK VALUE

At 31 January 2019

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2018

6,315,000

Additions

84,645

Revaluations

730,355

At 31 January 2019

7,130,000

NET BOOK VALUE

At 31 January 2019

7,130,000

At 31 January 2018

6,315,000

Fair value at 31 January 2019 is represented by:

£

Valuation in 2017

2,292,258

Valuation in 2018

4,022,742

Valuation in 2019

815,000

7,130,000

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

31.1.19

31.1.18

£

£

Cost

4,891,199

4,730,657

The investments property was valued on an open market basis on 31 January 2019 by the director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Trade debtors

1,305

1,461

Other debtors

591,874

488,019

VAT

341

2,444

Prepayments and accrued income

386,541

93,410

980,061

585,334

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Trade creditors

1,177

39,078

Other creditors

1,444,243

1,015,415

Directors' current accounts

316

-

Accrued expenses

149,788

113,982

1,595,524

1,168,475

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.19

31.1.18

£

£

Other creditors

4,612,312

4,482,854

10.	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.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.19

31.1.18

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

Retained

earnings

£

At 1 February 2018

1,084,714

Profit for the year

567,028

At 31 January 2019

1,651,742

The company has non-distributable reserves totalling £1,813,429.

13.	RELATED PARTY DISCLOSURES

At the period end, the following debts were owed from/(to) companies under common control but outside of

the Group:-

2019

2018

Urban Creation (Alison Court) Limited

£33,700

£34,835

Urban Creation Limited

£45,100

(£62,847

)

Urban Creation (Host Street) Limited

(£377,544

)

(£383,544

)