Urban Creation (Alison Court) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09580775 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 8 May 2015 to 31 May 2016

for

Urban Creation (Alison Court) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Brecknell

Mrs S J Brecknell

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

Gloucestershire

BS32 4JY

REGISTERED NUMBER:

09580775 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

2

1,799

Investment property

3

1,955,848

1,957,647

CURRENT ASSETS

Debtors

7,152

Cash at bank

9,748

16,900

CREDITORS

Amounts falling due within one year

634,216

NET CURRENT LIABILITIES

(617,316

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,340,331

CREDITORS

Amounts falling due after more than one year

4

1,350,000

NET LIABILITIES

(9,669

)

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

(9,769

)

SHAREHOLDERS' FUNDS

(9,669

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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 6 February 2017 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.

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance

from the directors that they will continue to support the company. As a result, the directors have continued to

adopt the going concern basis.

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).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

1,895

At 31 May 2016

1,895

DEPRECIATION

Charge for period

96

At 31 May 2016

96

NET BOOK VALUE

At 31 May 2016

1,799

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

Additions

1,955,848

At 31 May 2016

1,955,848

NET BOOK VALUE

At 31 May 2016

1,955,848

4.

CREDITORS

Creditors include an amount of £ 1,350,000 for which security has been given.

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

£

Repayable by instalments

1,179,040

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary A shares

£1

100

100 Ordinary A shares shares of £1 each were allotted and fully paid for cash at par during the period.