Urban Apartments Limited - Abbreviated accounts 16.1

Urban Apartments Limited - Abbreviated accounts 16.1

URBAN APARTMENTS LIMITED - Company Information

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REGISTERED NUMBER: 03253252 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

URBAN APARTMENTS LIMITED

URBAN APARTMENTS LIMITED (REGISTERED NUMBER: 03253252)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 30 September 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

URBAN APARTMENTS LIMITED

COMPANY INFORMATION
for the year ended 30 September 2015







DIRECTOR: Mrs P MacLean





SECRETARY: M Coyle





REGISTERED OFFICE: Pool Hall
Off Old Pool Bank
Pool-in-Wharfedale
Leeds
West Yorkshire
LS21 1EJ





REGISTERED NUMBER: 03253252 (England and Wales)





ACCOUNTANTS: Baty Casson Long
Windsor House
Cornwall Road
Harrogate
North Yorkshire
HG1 2PW
Page 1
URBAN APARTMENTS LIMITED (REGISTERED NUMBER: 03253252)

ABBREVIATED BALANCE SHEET
30 September 2015

30.9.15 30.9.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 735,105 750,211

CURRENT ASSETS
Debtors 460 1,205

CREDITORS
Amounts falling due within one year 3 188,615 661,672
NET CURRENT LIABILITIES (188,155 ) (660,467 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
546,950
89,744

CREDITORS
Amounts falling due after more than one
year
3
492,114
-
NET ASSETS 54,836 89,744

CAPITAL AND RESERVES
Called up share capital 4 2 2
Revaluation reserve 18,637 18,637
Profit and loss account 36,197 71,105
SHAREHOLDERS' FUNDS 54,836 89,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 24 June 2016 and were signed by:





Mrs P MacLean - Director


The notes form part of these abbreviated accounts

Page 2
URBAN APARTMENTS LIMITED (REGISTERED NUMBER: 03253252)

NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 30 September 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been prepared on the going concern basis which assumes the continued support
of the director and the principal creditor and the company's ability to generate positive cash flow. In the
opinion of the director, the going concern basis is appropriate for the preparation of the accounts.

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller
Entities (effective January 2015).

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings - 2% on cost or valuation
Plant and machinery etc - 25% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Turnover
Turnover represents amounts invoiced by the company in respect of sales completed during the year
excluding value added tax. The determination of any additional turnover representing profit attributable
to the company in advance of the completion of a development is made on a contractual basis,
recognising the state of completion of the project at the year end, and is recorded in amounts
recoverable on contracts.

2. TANGIBLE FIXED ASSETS
Total
£   
COST OR VALUATION
At 1 October 2014
and 30 September 2015 752,460
DEPRECIATION
At 1 October 2014 2,249
Charge for year 15,106
At 30 September 2015 17,355
NET BOOK VALUE
At 30 September 2015 735,105
At 30 September 2014 750,211

3. CREDITORS

Creditors include an amount of £ 573,186 (30.9.14 - £ 561,752 ) for which security has been given.

They also include the following debts falling due in more than five years:

30.9.15 30.9.14
£    £   
Repayable by instalments 388,114 -

Page 3 continued...
URBAN APARTMENTS LIMITED (REGISTERED NUMBER: 03253252)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the year ended 30 September 2015

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.15 30.9.14
value: £    £   
2 Ordinary £1 2 2

Page 4