Urban Land Investments Limited - Accounts to registrar (filleted) - small 18.2
Urban Land Investments Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
FOR |
URBAN LAND INVESTMENTS LIMITED |
URBAN LAND INVESTMENTS LIMITED (REGISTERED NUMBER: 05654507) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
URBAN LAND INVESTMENTS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2018 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Solar House |
282 Chase Road |
London |
N14 6NZ |
URBAN LAND INVESTMENTS LIMITED (REGISTERED NUMBER: 05654507) |
BALANCE SHEET |
31 MARCH 2018 |
31.3.18 | 31.3.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 by: |
URBAN LAND INVESTMENTS LIMITED (REGISTERED NUMBER: 05654507) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
1. | STATUTORY INFORMATION |
Urban Land Investments Limited is a |
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 |
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 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 April 2017 |
and 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
At 31 March 2017 |
URBAN LAND INVESTMENTS LIMITED (REGISTERED NUMBER: 05654507) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
4. | FIXED ASSET INVESTMENTS - continued |
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 |
31.3.18 | 31.3.17 |
£ | £ |
Amount owed by related undertakings |
Amount owed by subsidiary companies |
Called up share capital not paid |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Tax |
Amount owed to related undertakings |
Amount owed to subsidiary companies |
Accrued expenses |
7. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 31.3.18 | 31.3.17 |
value: | £ | £ |
Ordinary shares | £1 | 50,000 | 50,000 |
URBAN LAND INVESTMENTS LIMITED (REGISTERED NUMBER: 05654507) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
8. | RELATED PARTY DISCLOSURES |
The amounts owed by and to subsidiary companies as included in notes 6 and 7 are detailed below. |
Amounts owed by subsidiary companies: |
Year ended | Year ended |
31.03.18 | 31.03.17 |
£ | £ |
Gemma Estates Ltd | 49,526 | 196,009 |
Linkside Properties Ltd | 524 | - |
50,050 | 196,009 |
Amounts owed to subsidiary companies: |
Year ended | Year ended |
31.03.18 | 31.03.17 |
£ | £ |
Linkside Properties Ltd | - | 222 |
- | 222 |
URBAN LAND INVESTMENTS LIMITED (REGISTERED NUMBER: 05654507) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
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 |
31.3.18 | 31.03.17 |
£ | £ |
Henrietta House Ltd | - | 24,936 |
Morra Investment Ltd | 1,531 | 1,531 |
Alexander Investments Ltd | - | 182,886 |
Exciting Estates Ltd | 1,248,115 | 1,355,588 |
Pavillion Estates Ltd | 1,153,693 | 1,153,193 |
Urban Land Care Homes Ltd | 1,045,583 | - |
3,448,922 | 2,718,134 |
Amounts owed to related undertakings: |
Year ended | Year ended |
31.3.18 | 31.03.17 |
£ | £ |
Abbeyway Properties Ltd | - | 34,512 |
Grandplace Properties Ltd | 2,439,265 | 1,724,930 |
Hannah Properties Ltd | 933,454 | 922,928 |
Hazel Estates Ltd | 662,415 | 682,703 |
Highspec Properties Ltd | 479 | 479 |
Urban Land Management Ltd | 751,651 | 1,731,239 |
Urban Zoi Ltd | - | 18,624 |
Strikeforce Ltd | - | 3,197 |
4,787,264 | 5,118,612 |
All related companies are owned and controlled by either one or both of the directors. |
9. | ULTIMATE CONTROLLING PARTY |
The directors Mr L Theodorou and Mr K R Carr are the ultimate beneficial owners of the company who together |
own 100% of the company's issued ordinary share capital. |