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REGISTERED NUMBER: 06397278 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

UK BUILDING CONSTRUCTION LIMITED

UK BUILDING CONSTRUCTION LIMITED (REGISTERED NUMBER: 06397278)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


UK BUILDING CONSTRUCTION LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2022







DIRECTOR: B. Attarian





REGISTERED OFFICE: Langley House
Park Road
London
N2 8EY





REGISTERED NUMBER: 06397278 (England and Wales)





ACCOUNTANTS: Accura Accountants Ltd
Langley House
Park Road
East Finchley
London
N2 8EY

UK BUILDING CONSTRUCTION LIMITED (REGISTERED NUMBER: 06397278)

STATEMENT OF FINANCIAL POSITION
31 October 2022

31.10.22 31.10.21
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 444,851 448,703

CURRENT ASSETS
Debtors 5 11,156 3,875
Cash at bank and in hand 138 30
11,294 3,905
CREDITORS
Amounts falling due within one year 6 674,116 673,468
NET CURRENT LIABILITIES (662,822 ) (669,563 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(217,971

)

(220,860

)

CREDITORS
Amounts falling due after more than one
year

7

336,451

341,680
NET LIABILITIES (554,422 ) (562,540 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (554,423 ) (562,541 )
SHAREHOLDERS' FUNDS (554,422 ) (562,540 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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.

UK BUILDING CONSTRUCTION LIMITED (REGISTERED NUMBER: 06397278)

STATEMENT OF FINANCIAL POSITION - continued
31 October 2022


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 26 October 2023 and were signed by:





B. Attarian - Director


UK BUILDING CONSTRUCTION LIMITED (REGISTERED NUMBER: 06397278)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

UK Building Construction 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.

The financial statements have been prepared on the going concern basis, the applicability of which is dependent upon the continued support of the company's creditors and financiers. The Statement of Financial Position shows net liabilities, the director is of the opinion that the creditors and financiers will continue to support it, and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover and work in progress
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Under FRS 102 Section 1A, revenue is required to be recognised from the provision of services on the completion method where it can be measured reliably, alternatively revenue should be recognised only to the extent of contract costs incurred that it is probable they will be recoverable.

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 building - over the leasehold term.
Computer equipment - 25% reducing balance method

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.


UK BUILDING CONSTRUCTION LIMITED (REGISTERED NUMBER: 06397278)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2022

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Impairment of assets
A review of indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversals at each reporting date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2021
and 31 October 2022 475,265 1,124 476,389
DEPRECIATION
At 1 November 2021 27,405 281 27,686
Charge for year 3,641 211 3,852
At 31 October 2022 31,046 492 31,538
NET BOOK VALUE
At 31 October 2022 444,219 632 444,851
At 31 October 2021 447,860 843 448,703

UK BUILDING CONSTRUCTION LIMITED (REGISTERED NUMBER: 06397278)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
as restated
£    £   
Amounts owed by group undertakings 11,156 88
Other debtors - 3,787
11,156 3,875

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
as restated
£    £   
Bank loans and overdrafts 6,212 9,606
Trade creditors 137,130 62,873
Amounts owed to group undertakings 115,198 293,299
Taxation and social security 17,814 -
Other creditors 397,762 307,690
674,116 673,468

Included in other creditors are accrued expenses of £9,303 (2021: £11,250)

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.22 31.10.21
as restated
£    £   
Bank loans 336,451 341,680

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 299,431 303,510

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.22 31.10.21
as restated
£    £   
Bank loans 342,663 351,286

The bank loan is secured by way of a fixed charge over all assets of the company.

The director is also a personal guarantor of the bank loan.

9. RELATED PARTY DISCLOSURES

Included in other creditors due within one year is £252,456 (2021: £198,437) owed to the director. This amount has been provided to the company on an interest free basis and it is repayable on demand.

UK BUILDING CONSTRUCTION LIMITED (REGISTERED NUMBER: 06397278)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2022

10. ULTIMATE CONTROLLING PARTY

The company is under the control of parent company, Attari Group Limited, a company registered in England and Wales and the registered office is Langley House, Park Road, London, N2 8EY.