Urban Creation (Shaw) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08874093 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 28 February 2016

for

Urban Creation (Shaw) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J Brecknell

Mrs S J Brecknell

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

REGISTERED NUMBER:

08874093 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

2

1,596,266

1,300,249

CURRENT ASSETS

Debtors

441,623

10,066

Cash at bank

8,141

-

449,764

10,066

CREDITORS

Amounts falling due within one year

3

2,048,447

1,311,301

NET CURRENT LIABILITIES

(1,598,683

)

(1,301,235

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,417

)

(986

)

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(2,517

)

(1,086

)

SHAREHOLDERS' FUNDS

(2,417

)

(986

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2016 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 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 Board of Directors on 21 November 2016 and were signed on its behalf
by:

J Brecknell - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis which assumes that the company will

continue in operational existence for the foreseeable future. The director expects the company to make a profit in

the third year of trading, and has confirmed that he will continue his financial support until the deficit has been

recovered. As a result, the going concern basis is considered to be appropriate for the preparation these 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

Within land and property are properties under construction.

While under construction, no depreciation is charged. This is a departure from the Companies Act 2006 in order

to give a true and fair view.

Upon completion of construction work, the properties are transferred to freehold property, investment property

or similar classification appropriate to the asset in question, and from that point the appropriate valuation or

depreciation policies will be applied.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

1,300,249

Additions

296,017

At 28 February 2016

1,596,266

NET BOOK VALUE

At 28 February 2016

1,596,266

At 28 February 2015

1,300,249

3.

CREDITORS

Creditors include an amount of £ 633,849 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.16

28.2.15

value:

£

100

Ordinary

£1

100