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REGISTERED NUMBER: 05733736 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Universal House Limited

Universal House Limited (Registered number: 05733736)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Universal House Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Y Ahmad





REGISTERED OFFICE: 136 The Broadway
Southall
Middlesex
UB1 1QN





REGISTERED NUMBER: 05733736 (England and Wales)





ACCOUNTANTS: ACZONE CONSULTANTS LTD
Interchange House
1st Floor 81- 85
Station Road
Croydon
CR0 2RD

Universal House Limited (Registered number: 05733736)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,250,000 639,528
Investment property 5 146,358 146,358
1,396,358 785,886

CURRENT ASSETS
Debtors 6 59,570 103,914
Cash at bank and in hand 4,970 10,144
64,540 114,058
CREDITORS
Amounts falling due within one year 7 13,873 13,175
NET CURRENT ASSETS 50,667 100,883
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,447,025

886,769

CREDITORS
Amounts falling due after more than
one year

8

(1,053,159

)

(1,059,858

)

PROVISIONS FOR LIABILITIES (72,354 ) -
NET ASSETS/(LIABILITIES) 321,512 (173,089 )

Universal House Limited (Registered number: 05733736)

Balance Sheet - continued
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Revaluation reserve 10 308,456 -
Retained earnings 12,056 (174,089 )
SHAREHOLDERS' FUNDS 321,512 (173,089 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 October 2023 and were signed by:





Y Ahmad - Director


Universal House Limited (Registered number: 05733736)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Universal House Limited is a private company, limited by shares , registered in England and Wales. The 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided

Leasehold land and assets are not depreciated on the basis that repairs expenditure is incurred to maintain the condition of the asset. Which is at least equivalent to what depreciation would have been.

Although this accounting policy is in accordance with FRS102, it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been changed cannot be separately identified or quantified.

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.

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.


Universal House Limited (Registered number: 05733736)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

4. TANGIBLE FIXED ASSETS
Long
leasehold
£   
COST OR VALUATION
At 1 April 2022 831,070
Additions 38,120
Revaluations 380,810
At 31 March 2023 1,250,000
DEPRECIATION
At 1 April 2022 191,542
Charge written back (191,542 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 1,250,000
At 31 March 2022 639,528


Universal House Limited (Registered number: 05733736)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 146,358
NET BOOK VALUE
At 31 March 2023 146,358
At 31 March 2022 146,358

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 59,250 59,474
Other debtors 320 44,440
59,570 103,914

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
VAT 10,615 6,229
Other creditors - 6,000
Directors' current accounts 2,458 146
Accrued expenses 800 800
13,873 13,175

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans more 5 yr by instal 913,500 913,500
Directors' loan accounts 139,659 146,358
1,053,159 1,059,858

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 913,500 913,500

Universal House Limited (Registered number: 05733736)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RESERVES
Revaluatio
reserve
£   
Revaluation reserve 380,810
Deferred tax on Revaluation (72,354 )

At 31 March 2023 308,456

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end, Included in the other creditors is an amount of £142,117 (2022- £146,504) due to the director,