Urban Abode (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08122572 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Urban Abode (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S D McCombie

REGISTERED OFFICE:

45 Winchester Street

Basingstoke

Hampshire

RG21 7EF

REGISTERED NUMBER:

08122572 (England and Wales)

ACCOUNTANTS:

Beechcroft Accountancy Services

Beechcroft Barn

Upton Lovell

Warminster

Wiltshire

BA12 0JW

FIXED ASSETS

Tangible assets

4

333

446

CURRENT ASSETS

Debtors

5

21,648

38,361

Cash at bank

46,183

69,262

67,831

107,623

CREDITORS

Amounts falling due within one year

6

63,431

71,410

NET CURRENT ASSETS

4,400

36,213

TOTAL ASSETS LESS CURRENT LIABILITIES

4,733

36,659

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,633

36,559

SHAREHOLDERS' FUNDS

4,733

36,659

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 16 December 2019 and were signed by:

S D McCombie - Director

1.	STATUTORY INFORMATION

Urban Abode (UK) 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.

Turnover

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

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

33% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

19,898

Additions

499

At 31 March 2019

20,397

DEPRECIATION

At 1 April 2018

19,452

Charge for year

612

At 31 March 2019

20,064

NET BOOK VALUE

At 31 March 2019

333

At 31 March 2018

446

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

11,034

18,111

Other debtors

10,614

20,250

21,648

38,361

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

7,617

8,668

Taxation and social security

9,221

22,052

Other creditors

46,593

40,690

63,431

71,410

7.	RELATED PARTY DISCLOSURES

At 31 March 2019 the company owed £ 37,029 (2018 £28,411) to the director, having introduced £8,618 (2017

£8,918) in the year. During the year the company paid rent of £25,325 (2018 £27,600) on apartments owned by

the director.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is S D McCombie.

The ultimate controlling party is S D McCombie.