Urbanbuy Property Management Limited - Period Ending 2017-12-31

URBANBUY PROPERTY MANAGEMENT LIMITED - Company Information

Urbanbuy Property Management Limited 02201985 false 2017-01-01 2017-12-31 2017-12-31 The principal activity of the company is residents property management. Digita Accounts Production Advanced 6.21.8540.0 Software true 02201985 2017-01-01 2017-12-31 02201985 2017-12-31 02201985 core:RetainedEarningsAccumulatedLosses 2017-12-31 02201985 core:CurrentFinancialInstruments 2017-12-31 02201985 core:CurrentFinancialInstruments core:WithinOneYear 2017-12-31 02201985 core:LandBuildings 2017-12-31 02201985 bus:SmallEntities 2017-01-01 2017-12-31 02201985 bus:AuditExemptWithAccountantsReport 2017-01-01 2017-12-31 02201985 bus:FullAccounts 2017-01-01 2017-12-31 02201985 bus:RegisteredOffice 2017-01-01 2017-12-31 02201985 bus:Director1 2017-01-01 2017-12-31 02201985 bus:Director2 2017-01-01 2017-12-31 02201985 bus:Director3 2017-01-01 2017-12-31 02201985 bus:Director5 2017-01-01 2017-12-31 02201985 bus:Director8 2017-01-01 2017-12-31 02201985 bus:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 02201985 core:RetainedEarningsAccumulatedLosses 2017-01-01 2017-12-31 02201985 core:Land 2017-01-01 2017-12-31 02201985 core:LandBuildings 2017-01-01 2017-12-31 02201985 countries:AllCountries 2017-01-01 2017-12-31 02201985 2016-12-31 02201985 core:RetainedEarningsAccumulatedLosses 2016-12-31 02201985 core:LandBuildings 2016-12-31 02201985 2016-01-01 2016-12-31 02201985 2016-12-31 02201985 core:RetainedEarningsAccumulatedLosses 2016-12-31 02201985 core:CurrentFinancialInstruments 2016-12-31 02201985 core:CurrentFinancialInstruments core:WithinOneYear 2016-12-31 02201985 core:LandBuildings 2016-12-31 02201985 core:RetainedEarningsAccumulatedLosses 2016-01-01 2016-12-31 02201985 2015-12-31 02201985 core:RetainedEarningsAccumulatedLosses 2015-12-31 iso4217:GBP xbrli:pure

Registration number: 02201985

Urbanbuy Property Management Limited

Annual Report and Unaudited Financial Statements (Filleted)

for the Year Ended 31 December 2017

Manningtons
7 Wellington Square
Hastings
East Sussex
TN34 1PD

Urbanbuy Property Management Limited

Contents

Company Information	1
Balance Sheet	2
Statement of Changes in Equity	3
Notes to the Financial Statements	4 to 6

Urbanbuy Property Management Limited

Company Information

Directors

Miss Mary Patrica Clemow

Mr Jeremy James Adley

Ms Pari Dinah Smillie

Ms Claire Marie Warner

Ms Jemma Dorothy Hetherington

Registered office

8 High Street
Heathfield
East Sussex
TN21 8LS

Accountants

Manningtons
7 Wellington Square
Hastings
East Sussex
TN34 1PD

Page 1

Urbanbuy Property Management Limited

(Registration number: 02201985)
Balance Sheet as at 31 December 2017

	Note	2017 £	2016 £
Fixed assets
Tangible assets	4	451	457
Current assets
Cash at bank and in hand		1,409	1,120
Creditors: Amounts falling due within one year	6	(823)	(868)
Net current assets		586	252
Net assets		1,037	709
Capital and reserves
Profit and loss account		1,037	709
Total equity		1,037	709

For the financial year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 25 April 2018 and signed on its behalf by:

.........................................

Mr Jeremy James Adley

Director

The notes on pages 4 to 6 form an integral part of these financial statements.

Page 2

Urbanbuy Property Management Limited

Statement of Changes in Equity for the Year Ended 31 December 2017

	Profit and loss account £	Total £
At 1 January 2017	709	709
Profit for the year	328	328
Total comprehensive income	328	328
At 31 December 2017	1,037	1,037

	Profit and loss account £	Total £
At 1 January 2016	794	794
Loss for the year	(85)	(85)
Total comprehensive income	(85)	(85)
At 31 December 2016	709	709

The notes on pages 4 to 6 form an integral part of these financial statements.

Page 3

Urbanbuy Property Management Limited

Notes to the Financial Statements for the Year Ended 31 December 2017

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
8 High Street
Heathfield
East Sussex
TN21 8LS
United Kingdom

These financial statements were authorised for issue by the Board on 25 April 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and Buildings	2% on a straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 4

Urbanbuy Property Management Limited

Notes to the Financial Statements for the Year Ended 31 December 2017

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2016 - 0).

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 January 2017	555	555
At 31 December 2017	555	555
Depreciation
At 1 January 2017	98	98
Charge for the year	6	6
At 31 December 2017	104	104
Carrying amount
At 31 December 2017	451	451
At 31 December 2016	457	457

Included within the net book value of land and buildings above is £451 (2016 - £457) in respect of freehold land and buildings.

Debtors

	2017 £	2016 £
Total current trade and other debtors	-	-

Page 5

Urbanbuy Property Management Limited

Notes to the Financial Statements for the Year Ended 31 December 2017

Creditors

	Note	2017 £	2016 £
Due within one year
Trade creditors		205	250
Other creditors		618	618
		823	868

Dividends

The directors are proposing a final dividend of £Nil (2016 - £Nil) per share totalling £Nil (2016 - £Nil). This dividend has not been accrued in the Balance Sheet.

Page 6