0 false false false false false false false false false true false false false false false false No description of principal activity 2022-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 573,597 108,593 682,190 682,190 573,597 xbrli:pure xbrli:shares iso4217:GBP 13092471 2022-01-01 2022-12-31 13092471 2022-12-31 13092471 2021-12-31 13092471 2020-12-21 2021-12-31 13092471 2021-12-31 13092471 bus:Director1 2022-01-01 2022-12-31 13092471 bus:Director2 2022-01-01 2022-12-31 13092471 core:LandBuildings core:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 13092471 core:WithinOneYear 2022-12-31 13092471 core:WithinOneYear 2021-12-31 13092471 core:AfterOneYear 2022-12-31 13092471 core:ShareCapital 2022-12-31 13092471 core:ShareCapital 2021-12-31 13092471 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 13092471 core:LandBuildings core:OwnedOrFreeholdAssets 2021-12-31 13092471 core:LandBuildings core:OwnedOrFreeholdAssets 2021-12-31 13092471 bus:Director1 2021-12-31 13092471 bus:Director1 2022-12-31 13092471 bus:Director2 2021-12-31 13092471 bus:Director2 2022-12-31 13092471 bus:Director1 2021-12-31 13092471 bus:Director2 2021-12-31 13092471 bus:Director1 2020-12-21 2021-12-31 13092471 bus:Director2 2020-12-21 2021-12-31 13092471 bus:SmallEntities 2022-01-01 2022-12-31 13092471 bus:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 13092471 bus:FullAccounts 2022-01-01 2022-12-31 13092471 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 13092471 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31
COMPANY REGISTRATION NUMBER: 13092471
US9 Developers Limited
Filleted Unaudited Financial Statements
31 December 2022
US9 Developers Limited
Statement of Financial Position
31 December 2022
2022
2021
Note
£
£
Fixed assets
Tangible assets
4
682,190
573,597
Current assets
Debtors
5
251,249
29,698
Cash at bank and in hand
239,151
12,402
---------
--------
490,400
42,100
Creditors: amounts falling due within one year
6
951,858
615,597
---------
---------
Net current liabilities
461,458
573,497
---------
---------
Total assets less current liabilities
220,732
100
Creditors: amounts falling due after more than one year
7
220,632
---------
----
Net assets
100
100
---------
----
Capital and reserves
Called up share capital
100
100
----
----
Shareholders funds
100
100
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
US9 Developers Limited
Statement of Financial Position (continued)
31 December 2022
These financial statements were approved by the board of directors and authorised for issue on 12 October 2023 , and are signed on behalf of the board by:
Mr A S Babbar
Director
Company registration number: 13092471
US9 Developers Limited
Notes to the Financial Statements
Year ended 31 December 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Agincourt Villas, Uxbridge Road, Hillingdon, Middlesex, UB10 0NX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
4. Tangible assets
Freehold property
£
Cost
At 1 January 2022
573,597
Additions
108,593
---------
At 31 December 2022
682,190
---------
Depreciation
At 1 January 2022 and 31 December 2022
---------
Carrying amount
At 31 December 2022
682,190
---------
At 31 December 2021
573,597
---------
The property was revalued by the directors at the year end and is considered by them to be reflective of the true and fair value at the balance sheet date.
5. Debtors
2022
2021
£
£
Other debtors
251,249
29,698
---------
--------
6. Creditors: amounts falling due within one year
2022
2021
£
£
Other creditors
951,858
615,597
---------
---------
7. Creditors: amounts falling due after more than one year
2022
2021
£
£
Other creditors
220,632
---------
----
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2022
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr A S Babbar
( 42,000)
( 105,000)
( 147,000)
Mr S S Nagpal
( 73,632)
( 73,632)
---------
---------
---------
( 115,632)
( 105,000)
( 220,632)
---------
---------
---------
2021
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr A S Babbar
( 42,000)
( 42,000)
Mr S S Nagpal
( 73,632)
( 73,632)
----
---------
---------
( 115,632)
( 115,632)
----
---------
---------