Urbanspire Holdings Limited - Limited company - abbreviated - 11.9

Urbanspire Holdings Limited - Limited company - abbreviated - 11.9

URBANSPIRE HOLDINGS LIMITED - Company Information

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Urbanspire Holdings Limited

Abbreviated Accounts for the Year Ended 31 May 2015













Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Urbanspire Holdings Limited


The following reproduces the text of the report prepared for the directors in respect of the
company's annual unaudited financial statements, from which the unaudited abbreviated
accounts (set out on pages two to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for
your approval the financial statements of Urbanspire Holdings Limited for the year ended
31 May 2015 which comprise the Profit and Loss Account, the Balance Sheet and the related
notes from the company's accounting records and from information and explanations you have
given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Urbanspire Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Urbanspire Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Urbanspire Holdings Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Urbanspire Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Urbanspire Holdings Limited. You consider that Urbanspire Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of
Urbanspire Holdings Limited. For this reason, we have not verified the accuracy or completeness
of the accounting records or information and explanations you have given to us and we do not,
therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


19 January 2016

This page does not form part of the abbreviated accounts

1
Urbanspire Holdings Limited (Registered number: 06540383)

Abbreviated Balance Sheet
31 May 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 687,000 699,600
Investments 3 2,800,252 2,800,252
3,487,252 3,499,852

CURRENT ASSETS
Debtors 200 200
Cash at bank 447,858 293,141
448,058 293,341
CREDITORS
Amounts falling due within one year 4 1,604,128 1,637,965
NET CURRENT LIABILITIES (1,156,070 ) (1,344,624 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,331,182
2,155,228

CREDITORS
Amounts falling due after more than
one year
4
464,226
515,083
NET ASSETS 1,866,956 1,640,145

CAPITAL AND RESERVES
Called up share capital 5 180 180
Share premium 164,800 164,800
Capital redemption reserve 20 20
Profit and loss account 1,701,956 1,475,145
SHAREHOLDERS' FUNDS 1,866,956 1,640,145

The notes form part of these abbreviated accounts

2
Urbanspire Holdings Limited (Registered number: 06540383)

Abbreviated Balance Sheet - continued
31 May 2015


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 18 January 2016 and were
signed on its behalf by:





M J Nayler - Director


The notes form part of these abbreviated accounts

3
Urbanspire Holdings Limited (Registered number: 06540383)

Notes to the Abbreviated Accounts
for the Year Ended 31 May 2015


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in
accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Preparation of consolidated financial statements
The financial statements contain information about Urbanspire Holdings Limited as an
individual company and do not contain consolidated financial information as the parent of a
group. The company has taken the option under Section 398 of the Companies Act 2006 not
to prepare consolidated financial statements.

Turnover
Turnover represents net invoiced sales, excluding value added tax, in relation to rental
income.

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

Freehold property - 2% straight line
Plant and machinery - 20% straight line
Motor vehicles - 25% straight line

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2014
and 31 May 2015 828,358
DEPRECIATION
At 1 June 2014 128,758
Charge for year 12,600
At 31 May 2015 141,358
NET BOOK VALUE
At 31 May 2015 687,000
At 31 May 2014 699,600

4
Urbanspire Holdings Limited (Registered number: 06540383)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 May 2015


3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 June 2014
and 31 May 2015 2,800,252
NET BOOK VALUE
At 31 May 2015 2,800,252
At 31 May 2014 2,800,252

The company's investments at the Balance Sheet date in the share capital of companies
include the following:

Urbanspire Limited
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
2015 2014
£    £   
Aggregate capital and reserves 49,999 49,999

Vellacine Limited
Nature of business: Double glazing manufacturer and retailer
%
Class of shares: holding
Ordinary 100.00
2015 2014
£    £   
Aggregate capital and reserves 1,531,797 1,511,954
Profit for the year 169,843 51,778

4. CREDITORS

The following secured debts are included within creditors:

2015 2014
£    £   
Bank loans 522,391 574,833

5
Urbanspire Holdings Limited (Registered number: 06540383)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 May 2015


4. CREDITORS - continued

Creditors include the following debts falling due in more than five years:

2015 2014
£    £   
Repayable by instalments 231,566 262,500

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
18,000 Ordinary 1p 180 180

6