Urbanissta Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07452729 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022

FOR

URBANISSTA LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss J M Hanslip

REGISTERED OFFICE:

6b Parkway

Porters Wood

St Albans

Hertfordshire

AL3 6PA

REGISTERED NUMBER:

07452729 (England and Wales)

ACCOUNTANTS:

Chartswood Limited

Chartered Certified Accountants

6b Parkway

Porters Wood

St Albans

Hertfordshire

AL3 6PA

FIXED ASSETS

Tangible assets

4

2,646

4,428

CURRENT ASSETS

Debtors

5

426,321

138,210

Cash at bank and in hand

95,581

445,557

521,902

583,767

CREDITORS

Amounts falling due within one year

6

60,189

100,491

NET CURRENT ASSETS

461,713

483,276

TOTAL ASSETS LESS CURRENT LIABILITIES

464,359

487,704

CREDITORS

Amounts falling due after more than one year

7

(36,015

)

(43,333

)

PROVISIONS FOR LIABILITIES

9

(633

)

(841

)

NET ASSETS

427,711

443,530

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

427,611

443,430

SHAREHOLDERS' FUNDS

427,711

443,530

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

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

The director acknowledges her 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 director and authorised for issue on 30 August 2023 and were signed by:

Miss J M Hanslip - Director

1.	STATUTORY INFORMATION

Urbanissta 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 accounts have been prepared on a going concern basis which assumes that the company will continue to trade. The director will continue to adopt the going concern basis of accounting despite the current economic impact as a result of COVID-19. The director considers that their available reserves and the availability of continued financial support will ensure the required working capital be in place for the company to continue operations for the foreseeable future. If the company were unable to continue to trade adjustments would have to be made to reduce the value of assets to their realisable amount, to reclassify fixed assets as current assets and to provide for any further liabilities that may arise.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Computer equipment

-

Straight line over 4 years

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method

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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 December 2021

and 30 November 2022

4,174

14,440

18,614

DEPRECIATION

At 1 December 2021

2,595

11,591

14,186

Charge for year

565

1,217

1,782

At 30 November 2022

3,160

12,808

15,968

NET BOOK VALUE

At 30 November 2022

1,014

1,632

2,646

At 30 November 2021

1,579

2,849

4,428

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.22

30.11.21

£

£

Trade debtors

25,380

25,619

Amounts owed by participating interests

389,192

101,922

Other debtors

10,344

10,669

Prepayments

1,405

-

426,321

138,210

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.22

30.11.21

£

£

Bank loans and overdrafts (see note 8)

6,577

5,000

Trade creditors

783

575

Taxation

7,095

53,465

Social security and other taxes

12,529

12,276

Value added tax

22,416

27,218

Other creditors

8,571

-

Directors' current accounts

92

27

Accruals

2,126

1,930

60,189

100,491

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.22

30.11.21

£

£

Bank loans (see note 8)

36,015

43,333

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalments

23,333

23,333

23,333

23,333

8.

LOANS

An analysis of the maturity of loans is given below:

30.11.22

30.11.21

£

£

Amounts falling due within one year or on demand:

Bank loans

6,577

5,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

12,682

20,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalments

23,333

23,333

23,333

23,333

9.	PROVISIONS FOR LIABILITIES

30.11.22

30.11.21

£

£

Deferred tax

Accelerated capital allowances

633

841

Deferred

tax

£

Balance at 1 December 2021

841

Credit to Statement of Income and Retained Earnings during year

(208

)

Balance at 30 November 2022

633

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.22

30.11.21

value:

£

£

100

Ordinary

£1

100

100