Urban Creation (Shaw) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08874093 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2017

for

Urban Creation (Shaw) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

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

3

2,677,929

1,596,266

CURRENT ASSETS

Debtors

4

34,000

441,623

Cash at bank

121,158

8,141

155,158

449,764

CREDITORS

Amounts falling due within one year

5

2,840,922

2,048,447

NET CURRENT LIABILITIES

(2,685,764

)

(1,598,683

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,835

)

(2,417

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

(7,935

)

(2,517

)

SHAREHOLDERS' FUNDS

(7,835

)

(2,417

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24 November 2017 and were signed on its behalf by:

J Brecknell - Director

1.	STATUTORY INFORMATION

Urban Creation (Shaw) Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 fourth 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.

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.

3.	TANGIBLE FIXED ASSETS

Property

under the

course of

construction

£

COST

At 29 February 2016

1,596,266

Additions

1,081,663

At 28 February 2017

2,677,929

NET BOOK VALUE

At 28 February 2017

2,677,929

At 28 February 2016

1,596,266

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

28.2.16

£

£

Other debtors

34,000

441,623

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

28.2.16

£

£

Other loans

1,339,122

633,849

Trade creditors

221,124

106,407

Other creditors

1,054,853

355,540

Directors' current accounts

224,821

949,969

Accrued expenses

1,002

2,682

2,840,922

2,048,447

6.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.17

28.2.16

£

£

Other loans

1,339,122

633,849

A legal charge is held over the freehold land and buildings known as 4 Park Lane, St Michael's Hill, Bristol.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.17

28.2.16

value:

£

£

100

Ordinary

£1

100

100