Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-31true2022-09-02falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.20true 14332614 2022-09-01 14332614 2022-09-02 2023-08-31 14332614 2021-09-01 2022-09-01 14332614 2023-08-31 14332614 c:Director1 2022-09-02 2023-08-31 14332614 d:ShareCapital 2022-09-02 2023-08-31 14332614 d:ShareCapital 2023-08-31 14332614 d:RetainedEarningsAccumulatedLosses 2022-09-02 2023-08-31 14332614 d:RetainedEarningsAccumulatedLosses 2023-08-31 14332614 c:OrdinaryShareClass2 2022-09-02 2023-08-31 14332614 c:OrdinaryShareClass2 2023-08-31 14332614 c:FRS102 2022-09-02 2023-08-31 14332614 c:AuditExempt-NoAccountantsReport 2022-09-02 2023-08-31 14332614 c:FullAccounts 2022-09-02 2023-08-31 14332614 c:PrivateLimitedCompanyLtd 2022-09-02 2023-08-31 14332614 d:Subsidiary1 2022-09-02 2023-08-31 14332614 d:Subsidiary1 1 2022-09-02 2023-08-31 14332614 6 2022-09-02 2023-08-31 14332614 e:PoundSterling 2022-09-02 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14332614










UNIVERSAL CONSOLIDATED GROUP HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 AUGUST 2023

 
UNIVERSAL CONSOLIDATED GROUP HOLDINGS LIMITED
REGISTERED NUMBER: 14332614

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
Note
£

Fixed assets
  

Investments
 4 
55,774,735

Net assets
  
55,774,735


Capital and reserves
  

Called up share capital 
  
55,774,735

  
55,774,735


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: 




P J M Williams
Director
Date: 2 April 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 1

 
UNIVERSAL CONSOLIDATED GROUP HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 AUGUST 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period
-
740,000
740,000

Dividends: Equity capital
-
(740,000)
(740,000)

Shares issued during the period
70,482,178
-
70,482,178

Capital reduction during the period
(14,707,443)
-
(14,707,443)


At 31 August 2023
55,774,735
-
55,774,735

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
UNIVERSAL CONSOLIDATED GROUP HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

1.


General information

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

 
2.1

Basis of preparation of financial statements

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:

 
2.2

Exemption from preparing consolidated financial statements

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.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Dividends

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.


3.


Employees




The average monthly number of employees, including directors, during the period was 2.

Page 3

 
UNIVERSAL CONSOLIDATED GROUP HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


Additions
85,189,621


Disposals
(14,707,443)



At 31 August 2023

70,482,178



Impairment


Charge for the period
14,707,443



At 31 August 2023

14,707,443



Net book value



At 31 August 2023
55,774,735


Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Class of shares

Holding

Universal Consolidated Group Limited
Ordinary
100%


5.


Share capital

2023
£
Allotted, called up and fully paid


55,774,735 Ordinary Y shares of £1.00 each
55,774,735


Page 4

 
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. 


Page 5