Urban Creation (Shaw) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08874093 (England and Wales)

Unaudited Financial Statements

for the Period 1 March 2017 to 31 January 2018

for

Urban Creation (Shaw) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

4

9,794

2,677,929

Investment property

5

4,090,000

-

4,099,794

2,677,929

CURRENT ASSETS

Debtors

6

267,084

34,000

Cash at bank

3,447

121,158

270,531

155,158

CREDITORS

Amounts falling due within one year

7

1,369,735

2,840,922

NET CURRENT LIABILITIES

(1,099,204

)

(2,685,764

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,000,590

(7,835

)

CREDITORS

Amounts falling due after more than one year

8

(2,523,030

)

-

PROVISIONS FOR LIABILITIES

(105,216

)

-

NET ASSETS/(LIABILITIES)

372,344

(7,835

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

372,244

(7,935

)

SHAREHOLDERS' FUNDS

372,344

(7,835

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2018 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 25 October 2018 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

The company is wholly owned by Urban Creation Management Limited.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Revenue is recognised evenly over the rental period.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

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.

Investment property

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

fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2017 - NIL).

4.	TANGIBLE FIXED ASSETS

Property

under the

Fixtures

course of

and

construction

fittings

Totals

£

£

£

COST

At 1 March 2017

2,677,929

-

2,677,929

Additions

791,777

10,447

802,224

Reclassification/transfer

(3,469,706

)

-

(3,469,706

)

At 31 January 2018

-

10,447

10,447

DEPRECIATION

Charge for period

-

653

653

At 31 January 2018

-

653

653

NET BOOK VALUE

At 31 January 2018

-

9,794

9,794

At 28 February 2017

2,677,929

-

2,677,929

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

66,526

Revaluations

553,768

Reclassification/transfer

3,469,706

At 31 January 2018

4,090,000

NET BOOK VALUE

At 31 January 2018

4,090,000

Fair value at 31 January 2018 is represented by:

£

Valuation in 2018

4,090,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.1.18

28.2.17

£

£

Cost

3,469,706

-

The investment property was valued on an open market basis on 31 January 2018 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

28.2.17

£

£

Trade debtors

428

-

Other debtors

262,039

34,000

Prepayments

4,617

-

267,084

34,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

28.2.17

£

£

Other loans

-

1,339,122

Trade creditors

15,630

221,124

Other creditors

1,081,903

1,054,853

Directors' current accounts

122,969

224,821

Accrued expenses

149,233

1,002

1,369,735

2,840,922

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.18

28.2.17

£

£

Other creditors

2,523,030

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.18

28.2.17

£

£

Other loans

-

1,339,122

Within the Group, a legal charge is held over the freehold land and buildings known as 4 Park Lane, St Michael's

Hill, Bristol.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.18

28.2.17

value:

£

£

100

Ordinary

£1

100

100

11.	RELATED PARTY DISCLOSURES

At the period end, the following debts were owed from/(to) companies under common control but outside of the

Group:-

2018 2017

Urban Creation (Alison Court) Limited (£113,352) £23,000

Urban Creation Limited (£815,054) (£902,255)