Company Registration No. 12229646 (England and Wales)
Uninn Group Limited
Unaudited accounts
for the year ended 31 August 2022
Uninn Group Limited
Unaudited accounts
Contents
Uninn Group Limited
Company Information
for the year ended 31 August 2022
Directors
Gu Weipeng
F Pearce
Company Number
12229646 (England and Wales)
Registered Office
EREC ESTATES 8TH FLOOR, EATON HOUSE
1 EATON ROAD
COVENTRY
CV1 2FJ
UNITED KINGDOM
Uninn Group Limited
Statement of financial position
as at 31 August 2022
Investments
12,187,660
12,187,660
Debtors
45,456,243
38,386,576
Cash at bank and in hand
2,231,470
2,560,905
Creditors: amounts falling due within one year
(14,076,265)
(13,360,282)
Net current assets
33,611,448
27,587,199
Total assets less current liabilities
45,799,108
39,774,859
Creditors: amounts falling due after more than one year
(36,181,944)
(27,594,000)
Net assets
9,617,164
12,180,859
Called up share capital
14,553
14,553
Share premium
12,173,107
12,173,107
Profit and loss account
(2,570,496)
(6,801)
Shareholders' funds
9,617,164
12,180,859
For the year ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by
Gu Weipeng
Director
Company Registration No. 12229646
Uninn Group Limited
Notes to the Accounts
for the year ended 31 August 2022
Uninn Group Limited is a private company, limited by shares, registered in England and Wales, registration number 12229646. The registered office is EREC ESTATES 8TH FLOOR, EATON HOUSE, 1 EATON ROAD, COVENTRY, CV1 2FJ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Exemption from preparing group accounts
The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements on the grounds that it is a small group.
4
Investments
Subsidiary undertakings
Valuation at 1 September 2021
12,187,660
Valuation at 31 August 2022
12,187,660
Amounts falling due within one year
Amounts due from group undertakings etc.
45,456,243
38,386,576
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
-
6,786,000
Amounts owed to group undertakings and other participating interests
13,570,163
6,302,782
Other creditors is a loan with no fixed interest, security or repayment terms.
Uninn Group Limited
Notes to the Accounts
for the year ended 31 August 2022
7
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
36,181,944
27,594,000
The Senior loan of £35,297,379 is secured on the property within the group, and interest is charged at 5.75% above the index rate during the loan term. The Senior loan was repayable by October 2023 .
Allotted, called up and fully paid:
14,553 Ordinary shares of £1 each
14,553
14,553
9
Transactions with related parties
The company owes £6,113,000 to Uninn Senior Limited, which is the immediate parent company.
The company owes £7,457,163 (2021:£692,066) to Erec Estates Management Services Limited
The company was owed the following from it's 100% subsidiaries at the year end:-
Erec Estates Management Services Limited £0 (2021 £34,185,984).
Russell Terrace Limited £10,407,064 (2022 £0)
Uninn Merlin Point Limited £14,436,836 (2022 £0)
Uninn Leicester Limited £4,062,973 (2022 £3,275,504)
Uninn Bailey Street Limited £15,946,307 (2022 £925,088)
The immediate parent company is Uninn Senior Limited, registered in England. The ultimate parent is Uninn Investment Fund Limited, registered in Jersey.
11
Average number of employees
During the year the average number of employees was 2 (2021: 2).