Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-31R Upton C Lund, for and on behalf of U and I Director 2 Limited2023-03-31true2022-04-01true00 11822935 2022-04-01 2023-03-31 11822935 2021-04-01 2022-03-31 11822935 2023-03-31 11822935 2022-03-31 11822935 c:CompanySecretary1 2022-04-01 2023-03-31 11822935 c:Director1 2022-04-01 2023-03-31 11822935 c:Director1 2023-03-31 11822935 c:Director6 2022-04-01 2023-03-31 11822935 c:Director7 2022-04-01 2023-03-31 11822935 c:Director7 2023-03-31 11822935 c:Director8 2022-04-01 2023-03-31 11822935 c:Director8 2023-03-31 11822935 d:CurrentFinancialInstruments 2023-03-31 11822935 d:CurrentFinancialInstruments 2022-03-31 11822935 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11822935 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 11822935 d:ShareCapital 2023-03-31 11822935 d:ShareCapital 2022-03-31 11822935 d:RetainedEarningsAccumulatedLosses 2023-03-31 11822935 d:RetainedEarningsAccumulatedLosses 2022-03-31 11822935 c:EntityHasNeverTraded 2022-04-01 2023-03-31 11822935 c:FRS101 2022-04-01 2023-03-31 11822935 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11822935 c:FullAccounts 2022-04-01 2023-03-31 11822935 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 11822935









U AND I (PB) COMMERCIAL LIMITED








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
U AND I (PB) COMMERCIAL LIMITED
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2023

The Directors of U and I (PB) Commercial Limited (the "Company") present their report and the financial statements for the year ended 31 March 2023.
 

Principal activity

The Company is dormant and no change in the Company's dormant status is anticipated in the foreseeable future

Results for the year and dividends

There was no activity in the Company for the year ended 31 March 2023 and consequently no Statement of Comprehensive Income has been disclosed.

The Directors do not recommend the payment of a dividend for the period ended 31 March 2023 (2022: £Nil)

Directors

The Directors who served during the period and up to the date of this report unless otherwise stated were:

R Upton (resigned 30 April 2022)
G M Richardson 
U and I Director 1 Limited (appointed 5 October 2022)
U and I Director 2 Limited (appointed 5 October 2022)

Indemnity

The company has made qualifying third-party indemnity provisions for the benefit of the respective directors
which were in place throughout the year and which remain in place at the date of this report.

Small companies exemption

The Directors' Report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





L McCaveny, for and on behalf of U and I Company Secretaries Limited
Secretary

Date: 9 November 2023

Page 1

 
U AND I (PB) COMMERCIAL LIMITED
REGISTERED NUMBER:11822935

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Non-current asset
     

Trade and other receivables
  3  
432,000
432,000

  
432,000
432,000

  

Current liabilities
  

Amounts owed to group undertakings
 4 
(267,043)
(267,043)

Net current liabilities
  
 
 
(267,043)
 
 
(267,043)

  

  

  

Net assets
  
164,957
164,957


Capital and reserves
  

Share capital
  5  
1
1

Retained earnings
  
164,956
164,956

  
164,957
164,957


For the year ended 31 March 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.



The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 November 2023.




C Lund, for and on behalf of U and I Director 2 Limited
Director
Date: 09 November 2023

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
U AND I (PB) COMMERCIAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

U and I (PB) Commercial Limited (the "Company") is a private limited company and is incorporated, domiciled and registered in England and Wales (Registered number: 11822935). The nature of the Company’s operations is set out in the Directors' Report on page 1. The results of the Company are included in the consolidated financial statements of Land Securities PLC which are available from the Company's registered office at 100 Victoria Street, London, SW1E 5JL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared on a going concern basis and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland ('FRS102') and the Companies Act 2006. The financial statements are prepared under the historical cost convention.
The accounting policies which follow set out those policies which apply in preparing the financial statements for the year ended 31 March 2023. The financial statements are prepared in Pounds Sterling (£).

  
2.2

Share capital

Ordinary shares are classified as equity.

  
2.3

Amounts owed to Group undertakings

Amounts owed to Group undertakings are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, amounts owed to Group undertakings are stated at amortised cost with any difference between the amount initially recognised and redemption value being recognised in the Statement of Comprehensive Income over the period of the loan, using the effective interest method.


3.


Trade and other receivables

2023
2022
£
£

Amounts due after more than one year

Other debtors
432,000
432,000

432,000
432,000


Other debtors comprise a deferred receivable due on the hand-over of the medical centre and pharmacy.

Page 3

 
U AND I (PB) COMMERCIAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Amounts owed to group undertakings

2023
2022
£
£

Amounts owed to group undertakings
267,043
267,043

267,043
267,043


The unsecured amounts owed to Group undertakings are interest free, unsecured, repayable on demand and with no fixed repayment date.


5.


Share capital

2023
2022
£
£

Allotted, called up and fully paid


1 (2022 - 1) ordinary share of £1.00 each
1
1

1
1


6.


Controlling party

The immediate parent company is U and I Group Limited (formerly U and I Group PLC).

The ultimate parent company and controlling party at 31 March 2023 was Land Securities Group PLC, which is registered in England and Wales
Consolidated financial statements for the year ended 31 March 2023 for Land Securities Group PLC can be obtained from the Company Secretary, at the registered office of the ultimate parent company, 100 Victoria Street, London, SW1E 5JL and from the Group website at www.landsec.com. This is the largest and smallest Group to include these accounts in its consolidated financial statements.
 

Page 4