Urban Centric (Cardiff) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10813907 (England and Wales)

URBAN CENTRIC (CARDIFF) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2022

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs R E Loosemore

Mr D H Loosemore

Mr A J Woods

REGISTERED OFFICE:

35 Southernhay East

Exeter

EX1 1NX

REGISTERED NUMBER:

10813907 (England and Wales)

ACCOUNTANTS:

Carston Chartered Accountants

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

CURRENT ASSETS

Stocks

-

166,246

Debtors

4

364,393

1,000

Cash at bank

89,807

900

454,200

168,146

CREDITORS

Amounts falling due within one year

5

450,513

148,659

NET CURRENT ASSETS

3,687

19,487

TOTAL ASSETS LESS CURRENT LIABILITIES

3,687

19,487

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

3,587

19,387

SHAREHOLDERS' FUNDS

3,687

19,487

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th October 2022 and were signed on its behalf by:

Mr A J Woods - Director

1.	STATUTORY INFORMATION

Urban Centric (Cardiff) 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

16,500

-

Other debtors

347,893

1,000

364,393

1,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

24,900

900

Taxation and social security

-

2,009

Other creditors

425,613

145,750

450,513

148,659

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

100

Ordinary

£1

100

100

7.	RELATED PARTY DISCLOSURES

As at the year end the company owed £97,000 (2021 - £145,000) 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 £0 (2021 - £500) for services by Transworld Real Estate Limited, a company in which Mr D H Loosemore and Mrs R E Loosemore have a controlling interest.

As at the year end the company was owed £0 (2021 - £1,000) by Urban Centric (Connaught Road) Limited, a company in which Mr D H Loosemore, Mrs R E Loosemore and Mr A J Woods have a controlling interest.

During the year the company was invoiced £50,000 (2021 - £500) for services by Woods Property Holdings Limited, a company in which Mr A J Woods has a controlling interest.

During the year the company was invoiced £10,000 (2021 - £0) for services by Urban Centric (DM) Limited, a company in which Mr D H Loosemore and Mr A J Woods have a controlling interest.

During the year the company invoiced South Central Cardiff Limited £200,000 (2021 - £0) for services, a company in which Mr D H Loosemore has a controlling interest.