Registered number: 14332614
UNIVERSAL CONSOLIDATED GROUP HOLDINGS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 AUGUST 2023
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UNIVERSAL CONSOLIDATED GROUP HOLDINGS LIMITED
REGISTERED NUMBER: 14332614
BALANCE SHEET
AS AT 31 AUGUST 2023
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period 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 have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 3 to 5 form part of these financial statements.
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UNIVERSAL CONSOLIDATED GROUP HOLDINGS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 AUGUST 2023
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Comprehensive income for the period
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Dividends: Equity capital
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Shares issued during the period
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Capital reduction during the period
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The notes on pages 3 to 5 form part of these financial statements.
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UNIVERSAL CONSOLIDATED GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023
Universal Consolidated Group Holdings Limited is a private company, limited by shares, and is incorporated in England and Wales. The address of its registered office is 26-28 Neal Street, London, WC2H 9QQ.
The financial statements are presented in sterling which is the functional currency of the company.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
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Exemption from preparing consolidated financial statements
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The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
Investments in subsidiaries are measured at cost less accumulated impairment.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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The average monthly number of employees, including directors, during the period was 2.
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UNIVERSAL CONSOLIDATED GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023
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Investments in subsidiary companies
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The following was a subsidiary undertaking of the Company:
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Universal Consolidated Group Limited
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Allotted, called up and fully paid
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55,774,735 Ordinary Y shares of £1.00 each
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UNIVERSAL CONSOLIDATED GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023
5.Share capital (continued)
The company was incorporated with 1 Ordinary Share of £1 issued at par for £1.
On 9 February 2023 the company issued a share for share exchange with Universal Consolidated Group Limited for 100% of its value, this amounted to 70,842,177 Ordinary shares of £1 each issued for £70,842,177 in a share for share exchange agreement to acquire, alongside the initial subscriber share, the entire share capital of Universal Consolidated Group Limited, an entity which is now the subsidiary of the company.
On 9 February 2023 the company re-designated 70,842,177 Ordinary shares to 14,707,443 Ordinary X shares of £1 each and 55,774,734 Ordinary Y shares of £1 each.
On 9 February 2023 the company's capital was reduced by 14,707,443 Ordinary X shares of £1 each and in consideration the company's subsidiary undertaking, Covent Garden Estates Limited was distributed in specie to the Ordinary X shareholders as shown in the Statement of Changes in Equity.
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