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REGISTERED NUMBER: 09681493 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st July 2023

for

UCPRO INVESTMENTS LIMITED

UCPRO INVESTMENTS LIMITED (REGISTERED NUMBER: 09681493)






Contents of the Financial Statements
for the Year Ended 31st July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UCPRO INVESTMENTS LIMITED

Company Information
for the Year Ended 31st July 2023







DIRECTOR: Mr D Simm





REGISTERED OFFICE: 6 Grey Heights View
Chorley
Lancashire
PR6 0TN





REGISTERED NUMBER: 09681493 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

UCPRO INVESTMENTS LIMITED (REGISTERED NUMBER: 09681493)

Balance Sheet
31st July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 92 123
Investment property 5 130,153 130,153
130,245 130,276

CURRENT ASSETS
Debtors 6 98 40
Cash at bank 83,964 99,787
84,062 99,827
CREDITORS
Amounts falling due within one year 7 2,237 2,056
NET CURRENT ASSETS 81,825 97,771
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,070

228,047

CREDITORS
Amounts falling due after more than one
year

8

73,122

88,122
NET ASSETS 138,948 139,925

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 138,947 139,924
SHAREHOLDERS' FUNDS 138,948 139,925

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

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

UCPRO INVESTMENTS LIMITED (REGISTERED NUMBER: 09681493)

Balance Sheet - continued
31st July 2023


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 24th October 2023 and were signed by:





Mr D Simm - Director


UCPRO INVESTMENTS LIMITED (REGISTERED NUMBER: 09681493)

Notes to the Financial Statements
for the Year Ended 31st July 2023

1. STATUTORY INFORMATION

UCPRO Investments 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.

Revenue recognition
Revenue represents the value of rental due and services provided in the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33.3% on cost

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Investment property
Investment properties are properties held to earn rentals, they are initially measured at cost, including transaction costs. Subsequently they are then measured at fair value on an open market basis. Deferred tax is provided on these movements. Gains and losses arising from changes in fair value are included in the Statement of Income and Retained Earnings in the period in which they arise.

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.


UCPRO INVESTMENTS LIMITED (REGISTERED NUMBER: 09681493)

Notes to the Financial Statements - continued
for the Year Ended 31st July 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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments’ of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st August 2022
and 31st July 2023 495 3,407 3,902
DEPRECIATION
At 1st August 2022 372 3,407 3,779
Charge for year 31 - 31
At 31st July 2023 403 3,407 3,810
NET BOOK VALUE
At 31st July 2023 92 - 92
At 31st July 2022 123 - 123

UCPRO INVESTMENTS LIMITED (REGISTERED NUMBER: 09681493)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2022
and 31st July 2023 130,153
NET BOOK VALUE
At 31st July 2023 130,153
At 31st July 2022 130,153

No significant change in the valuation of the property has occurred in the year ended 31st July 2023.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 98 40

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other creditors 930 930
Directors' current accounts 466 322
Accrued expenses 841 804
2,237 2,056

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans more 5 yr by instal 73,122 88,122

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 73,122 88,122

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 73,122 88,122

The loan is secured over the investment property.

UCPRO INVESTMENTS LIMITED (REGISTERED NUMBER: 09681493)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
1 Ordinary £1 1 1

11. RELATED PARTY DISCLOSURES

At 31st July 2023 the company owed £466 (2022: £322) to its director. No interest has been charged to the company in respect of this loan and there is no formal repayment date for this loan.

At 31st July 2023 the company owed £930 (2022: £930) to UCPRO Limited, a company in which Mr D Simm is a director. No interest has been charged to the company in respect of this loan.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Simm.