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Unaudited Financial Statements |
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for the Year Ended 30 June 2017 |
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for |
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Urban Management and Investments Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 June 2017 |
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for |
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Urban Management and Investments Limited |
Urban Management and Investments Limited (Registered number: 02792299) |
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Contents of the Financial Statements |
for the Year Ended 30 June 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Urban Management and Investments Limited |
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Company Information |
for the Year Ended 30 June 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Redland House |
157 Redland Road |
Redland |
Bristol |
BS6 6YE |
Urban Management and Investments Limited (Registered number: 02792299) |
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Balance Sheet |
30 June 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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Urban Management and Investments Limited (Registered number: 02792299) |
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Notes to the Financial Statements |
for the Year Ended 30 June 2017 |
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1. | STATUTORY INFORMATION |
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Urban Management and Investments Limited is a
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specified/Other. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents rents receivable during the year in accordance with the ordinary activities of the company. |
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Tangible fixed assets |
Property owned by the company is held for investment purposes and is stated at market value in the opinion of |
the directors. Any adjustments to the market value are made through revaluations so no annual depreciation |
has been provided in these accounts. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
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3. | TANGIBLE FIXED ASSETS |
142 |
Church |
Road and |
9 Meadow | Property | George & |
Vale | Improvements | Dragon | Totals |
£ | £ | £ | £ |
COST |
At 1 July 2016 |
and 30 June 2017 |
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NET BOOK VALUE |
At 30 June 2017 |
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At 30 June 2016 |
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Urban Management and Investments Limited (Registered number: 02792299) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2017 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Prepayments |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Tax |
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Bank loans payable within 1 year | 16,985 | 18,163 |
Directors' loan accounts | 92,242 | 57,242 |
Accrued expenses |
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6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans payable after > 1 year |
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7. | SECURED DEBTS |
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The bank loans are secured by the 1st legal charges on freehold properties at 1-5 George & Dragon Lane, St |
George, Bristol and 9A,9B & 9C Meadow Vale,Speedwell, Bristol and also by the personal guarantees of the |
directors. |
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8. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £35,000 were paid to the directors . |
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The directors are also directors of Urban Windows Limited, a company incorporated in England and Wales. |