REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 October 2022 |
for |
URBAN ENHANCE LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 October 2022 |
for |
URBAN ENHANCE LIMITED |
URBAN ENHANCE LIMITED (REGISTERED NUMBER: 04036680) |
Contents of the Financial Statements |
FOR THE YEAR ENDED 31 OCTOBER 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
URBAN ENHANCE LIMITED |
Company Information |
FOR THE YEAR ENDED 31 OCTOBER 2022 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Old Barn |
off Wood Street |
Swanley Village |
Kent |
BR8 7PA |
URBAN ENHANCE LIMITED (REGISTERED NUMBER: 04036680) |
Balance Sheet |
31 OCTOBER 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
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. |
URBAN ENHANCE LIMITED (REGISTERED NUMBER: 04036680) |
Balance Sheet - continued |
31 OCTOBER 2022 |
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 and authorised for issue on |
URBAN ENHANCE LIMITED (REGISTERED NUMBER: 04036680) |
Notes to the Financial Statements |
FOR THE YEAR ENDED 31 OCTOBER 2022 |
1. | STATUTORY INFORMATION |
Urban Enhance Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
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. |
Stocks |
Stocks is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
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 NIL (2021 - NIL). |
URBAN ENHANCE LIMITED (REGISTERED NUMBER: 04036680) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 OCTOBER 2022 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 November 2021 |
Additions |
At 31 October 2022 |
DEPRECIATION |
At 1 November 2021 |
Charge for year |
At 31 October 2022 |
NET BOOK VALUE |
At 31 October 2022 |
At 31 October 2021 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 November 2021 |
Additions |
Disposals | ( |
) |
Revaluations | 1,353,603 |
At 31 October 2022 |
NET BOOK VALUE |
At 31 October 2022 |
At 31 October 2021 |
In accordance with FRS102 1A; the director has obtained an external valuation of Investment Properties owned by the Company. |
The valuation of these properties was undertaken by: |
Caxtons Commercial Ltd |
James Pilcher House |
49/50 Windmill Street |
Gravesend |
Kent |
DA12 1BG |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
Other debtors |
URBAN ENHANCE LIMITED (REGISTERED NUMBER: 04036680) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 OCTOBER 2022 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans |
9. | RELATED PARTY DISCLOSURES |
Included in the Other Debtors is an amount owed by Luxborough Leisure Ltd totalling £105,815 (2021 - £89,756), for which Mr P Martin is a director. No interest is to be charged and no repayment terms have been agreed. |
Included in the Other Creditors is an amount owed to Medway Plastering Ltd totalling £1,101,238 (2021 - £1,792,838), for which Mr P Martin is a director. No interest is to be charged and no repayment terms have been agreed. |
Included in the Other Creditors is an amount owed to Medlake Homes Ltd totalling £1,000,000 (2021 - £565,000), for which Mr P Martin is a director. No interest is to be charged and no repayment terms have been agreed. |
Included in the Other Creditors is an amount owed to the company director Mr P Martin totalling £670,711 (2021 - £941,538), no interest is to be charged. |