UCG FINANCE LIMITED

Company Registration Number:
12453394 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

UCG FINANCE LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

UCG FINANCE LIMITED

Company Information

for the Period Ended 28 February 2023




Director: Arthur Hogarth
Wayne Beckwith
Secretary: Arthur Hogarth
Registered office: 181
Queen Victoria Street
London
England
EC4V 4EG
Company Registration Number: 12453394 (England and Wales)

UCG FINANCE LIMITED

Directors' Report Period Ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Principal Activities

The company’s principal activity is to receive the profit distribution from Lindisfarne Partners LLP and fund the capital and working capital of the LLP as a corporate partner.

Directors

The directors shown below have held office during the whole of the period from 01 March 2022 to 28 February 2023
Arthur Hogarth
Wayne Beckwith

Secretary
Arthur Hogarth

This report was approved by the board of directors on 17 October 2023
And Signed On Behalf Of The Board By:

Name: Arthur Hogarth
Status: Director

UCG FINANCE LIMITED

Profit and Loss Account

for the Period Ended 28 February 2023


Notes

2023
£

2022
£
Turnover 1,021,448 1,527,698
Cost of sales ( 874,833 ) ( 803,815 )
Gross Profit or (Loss) 146,615 723,883
Income from coronavirus (COVID-19) business support grants 0 0
Administrative Expenses ( 107,546 ) ( 154,550 )
Operating Profit or (Loss) 39,069 569,333
Profit or (Loss) Before Tax 39,069 569,333
Tax on Profit ( 8,050 ) ( 57,580 )
Profit or (Loss) for Period 31,019 511,753

The notes form part of these financial statements

UCG FINANCE LIMITED

Balance sheet

As at 28 February 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 630,000 630,000
Total fixed assets: 630,000 630,000
Current assets
Debtors: 5 0 2,748
Cash at bank and in hand: 242,533 120
Total current assets: 242,533 2,868
Creditors: amounts falling due within one year: 6 ( 236,646 ) ( 0 )
Net current assets (liabilities): 5,887 2,868
Total assets less current liabilities: 635,887 632,868
Total net assets (liabilities): 635,887 632,868

The notes form part of these financial statements

UCG FINANCE LIMITED

Balance sheet continued

As at 28 February 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 28 28
Profit and loss account: 635,859 632,840
Shareholders funds: 635,887 632,868

For the year ending 28 February 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 17 October 2023
And Signed On Behalf Of The Board By:

Name: Arthur Hogarth
Status: Director

The notes form part of these financial statements

UCG FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

UCG FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

UCG FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 3. Off balance sheet disclosure

    No

UCG FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Intangible assets

Other Total
Cost £ £
At 01 March 2022 630,000 630,000
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 28 February 2023 630,000 630,000
Amortisation
Amortisation at 01 March 2022 0 0
Charge for year 0 0
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
Amortisation at 28 February 2023 0 0
Net book value
Net book value at 28 February 2023 630,000 630,000
Net book value at 28 February 2022 630,000 630,000

UCG Finance Limited is related to Lindisfarne Partners LLP by being under
common control. UCG Finance Limited is a corporate partner and has
invested £350k as equity and £280k as debt in the LLP. UCG Finance
Limited also funds the majority of the working capital of the LLP in return
for the majority of the profit distribution and the recharges are accrued as a
creditor/debor in the balance sheet of UCG Finance Limited at the year end.

UCG FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Debtors


2023
£

2022
£
Trade debtors 0 2,748
Total 0 2,748

UCG Finance Limited funds the majority of the working capital of the LLP in return for the majority of the profit distribution and the recharges are accrued as a creditor/debtor in the balance sheet of UCG Finance Limited at the year end.

UCG FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 8,050 0
Accruals and deferred income 228,596 0
Other creditors 0
Total 236,646 0

UCG Finance Limited funds the majority of the working capital of the LLP in return for the majority of the profit distribution and the recharges are accrued as a creditor/debtor in the balance sheet of UCG Finance Limited at the year end.