Urban Land Investments Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05654507 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

URBAN LAND INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr Loucas Demetriou Theodorou

Mr Kevin Raymond Carr

SECRETARY:

Mr Loucas Demetriou Theodorou

REGISTERED OFFICE:

Urban Land Group

Urban House 1st Floor

43 Chase Side

Southgate

London

N14 5BP

REGISTERED NUMBER:

05654507 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Investments

4

5

5

CURRENT ASSETS

Debtors

5

2,951,642

3,794,335

Cash at bank and in hand

2,243,158

413,255

5,194,800

4,207,590

CREDITORS

Amounts falling due within one year

6

5,124,513

4,139,619

NET CURRENT ASSETS

70,287

67,971

TOTAL ASSETS LESS CURRENT LIABILITIES

70,292

67,976

CAPITAL AND RESERVES

Called up share capital

7

50,000

50,000

Retained earnings

20,292

17,976

SHAREHOLDERS' FUNDS

70,292

67,976

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 21 December 2017 and were signed on its behalf by:

Mr Loucas Demetriou Theodorou - Director

1.	STATUTORY INFORMATION

Urban Land Investments 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.

Turnover

Turnover represents management fees and commission receivable.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2016

and 31 March 2017

5

NET BOOK VALUE

At 31 March 2017

5

At 31 March 2016

5

The subsidiary undertakings in which the company's interest at the year end is 20% or more is as follows:

Principal activities

Proportion of voting rights and ordinary share capital held

Subsidiary Undertakings:

Linkside Properties Ltd

Property investment

100%

Gemma Estates Ltd

Property investment

100%

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Amount owed by related undertakings

2,718,134

3,406,018

Amount owed by subsidiary companies

196,009

350,818

Called up share capital not paid

37,499

37,499

2,951,642

3,794,335

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Tax

579

2,086

Amount owed to related undertakings

5,118,612

4,133,433

Amount owed to subsidiary companies

222

-

Accrued expenses

5,100

4,100

5,124,513

4,139,619

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

50,000

Ordinary shares

£1

50,000

50,000

8.	RELATED PARTY DISCLOSURES

The amounts owed by and to related undertakings as included in notes 5 and 6 are detailed below.

Amounts owed by related undertakings:

Year ended

Year ended

31.3.17

31.03.16

£

£

Henrietta House Ltd

24,936

-

Morra Investment Ltd

1,531

1,531

Alexander Investments Ltd

182,886

167,555

Exciting Estates Ltd

1,355,588

1,382,303

Pavillion Estates Ltd

1,153,193

1,347,647

Urban Land Management Ltd

-

506,972

2,718,134

3,406,018

Amounts owed to related undertakings:

Year ended

Year ended

31.3.17

31.03.16

£

£

Abbeyway Properties Ltd

34,512

44,502

Grandplace Properties Ltd

1,724,930

1,904,103

Hannah Properties Ltd

922,928

1,058,121

Hazel Estates Ltd

682,703

755,427

Spartan Investments Ltd

-

144,798

Highspec Properties Ltd

479

107,357

Henrietta House Ltd

-

119,125

Urban Land Management Ltd

1,731,239

-

Urban Zoi Ltd

18,624

-

Strikeforce Ltd

3,197

-

5,118,612

4,133,433

All related companies are owned and controlled by either one or both of the directors.

9.	ULTIMATE CONTROLLING PARTY

10.	FIRST YEAR ADOPTION

In the transition to FRS 102 from the old UK GAAP, there were no material measurement and recognition

adjustments required.