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REGISTERED NUMBER: 14364074 (England and Wales)















Unaudited Financial Statements

for the Period 20th September 2022 to 31st March 2023

for

UK Real Estate Assets Ltd

UK Real Estate Assets Ltd (Registered number: 14364074)

Contents of the Financial Statements
for the Period 20th September 2022 to 31st March 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


UK Real Estate Assets Ltd (Registered number: 14364074)

Balance Sheet
31st March 2023

Notes £ £
Fixed assets
Tangible assets 5 542
Investment property 6 177,463
178,005

Current assets
Debtors 7 3,837
Cash at bank 291,976
295,813
Creditors
Amounts falling due within one year 8 366,500
Net current liabilities (70,687 )
Total assets less current liabilities 107,318

Creditors
Amounts falling due after more than one year 9 110,925
Net liabilities (3,607 )

Capital and reserves
Called up share capital 300
Retained earnings (3,907 )
(3,607 )

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

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

The directors acknowledge their 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 Real Estate Assets Ltd (Registered number: 14364074)

Balance Sheet - continued
31st March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th November 2023 and were signed on its behalf by:




Mr G J Harris - Director



Mrs S Titi - Director


UK Real Estate Assets Ltd (Registered number: 14364074)

Notes to the Financial Statements
for the Period 20th September 2022 to 31st March 2023


1. Statutory information

UK Real Estate Assets Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14364074

Registered office: 85 Great Portland Street
First Floor
LONDON
W1W 7LT

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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 the cost less estimated residual value of each asset over its estimated useful life.
Office equipment - 15% p.a. reducing balance

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.

UK Real Estate Assets Ltd (Registered number: 14364074)

Notes to the Financial Statements - continued
for the Period 20th September 2022 to 31st March 2023


3. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


UK Real Estate Assets Ltd (Registered number: 14364074)

Notes to the Financial Statements - continued
for the Period 20th September 2022 to 31st March 2023


3. 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 period 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.

Going concern
The accounts have been prepared on the going concern basis despite the company having a balance sheet deficit at the year end.

The directors have invested money in the company and the amount owed to them is shown in creditors amounts falling due within one year. There is no intention to repay this amount in the foreseeable future and they intend to support the company to ensure it can meet its liabilities as they fall due.They are therefore of the opinion that the company will continue in operational existence but have not assessed a period in excess of 12 months from the balance sheet date.

4. Employees and directors

The average number of employees during the period was 2 .

5. Tangible fixed assets
Office
equipment
£
Cost
Additions 549
At 31st March 2023 549
Depreciation
Charge for period 7
At 31st March 2023 7
Net book value
At 31st March 2023 542

UK Real Estate Assets Ltd (Registered number: 14364074)

Notes to the Financial Statements - continued
for the Period 20th September 2022 to 31st March 2023


6. Investment property
Total
£
Fair value
Additions 177,463
At 31st March 2023 177,463
Net book value
At 31st March 2023 177,463

7. Debtors: amounts falling due within one year
£
Other debtors 3,837

8. Creditors: amounts falling due within one year
£
Directors' current accounts 364,700
Accrued expenses 1,800
366,500

9. Creditors: amounts falling due after more than one year
£
Bank loans more 5 yrs non-inst 110,925

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 110,925

10. Secured debts

The following secured debts are included within creditors:

£
Bank loans 110,925

Bank mortgage is secured on the investment property Flat 7, Bernard House, Bernard Street, Southampton.