Urban Centric (Blackboy) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11732362

URBAN CENTRIC (BLACKBOY) LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD 1ST JANUARY 2022 TO 31ST MARCH 2023

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R E Loosemore

Mr D H Loosemore

Mr A J Woods

REGISTERED OFFICE:

35 Southernhay East

Exeter

EX1 1NX

REGISTERED NUMBER:

11732362

ACCOUNTANTS:

Carston Chartered Accountants

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

CURRENT ASSETS

Stocks

6,523,716

2,822,403

Debtors

4

348,484

485,991

Cash at bank

12,484

18,735

6,884,684

3,327,129

CREDITORS

Amounts falling due within one year

5

3,637,071

2,723,752

NET CURRENT ASSETS

3,247,613

603,377

TOTAL ASSETS LESS CURRENT LIABILITIES

3,247,613

603,377

CREDITORS

Amounts falling due after more than one year

6

3,365,876

683,654

NET LIABILITIES

(118,263

)

(80,277

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(118,363

)

(80,377

)

SHAREHOLDERS' FUNDS

(118,263

)

(80,277

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2023 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 6th December 2023 and were signed on its behalf by:

Mr A J Woods - Director

1.	STATUTORY INFORMATION

Urban Centric (Blackboy) Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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 period 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 period was NIL (2021 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2021

£

£

Other debtors

348,484

485,991

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2021

£

£

Trade creditors

191,116

134,486

Taxation and social security

24,681

3,466

Other creditors

3,421,274

2,585,800

3,637,071

2,723,752

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2021

£

£

Bank loans

3,365,876

683,654

7.	RELATED PARTY DISCLOSURES

As at the year end Urban Centric (Blackboy) Limited owed £3,404,768 (2021 - £2,574,000) to companies in which the directors have a controlling interest.

As at the year end Urban Centric (Blackboy) Limited was owed £44,875 (2021 - £0) by companies in which the directors have a controlling interest.