IRIS Accounts Production v24.1.0.578 11320184 Board of Directors Board of Directors 1.12.22 30.11.23 30.11.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh113201842022-11-30113201842023-11-30113201842022-12-012023-11-30113201842021-11-30113201842021-12-012022-11-30113201842022-11-3011320184ns15:EnglandWales2022-12-012023-11-3011320184ns14:PoundSterling2022-12-012023-11-3011320184ns10:Director12022-12-012023-11-3011320184ns10:Director22022-12-012023-11-3011320184ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3011320184ns10:SmallEntities2022-12-012023-11-3011320184ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3011320184ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3011320184ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3011320184ns10:FullAccounts2022-12-012023-11-3011320184ns10:RegisteredOffice2022-12-012023-11-3011320184ns5:CurrentFinancialInstruments2023-11-3011320184ns5:CurrentFinancialInstruments2022-11-3011320184ns5:Non-currentFinancialInstruments2023-11-3011320184ns5:Non-currentFinancialInstruments2022-11-3011320184ns5:ShareCapital2023-11-3011320184ns5:ShareCapital2022-11-3011320184ns5:FurtherSpecificReserve3ComponentTotalEquity2023-11-3011320184ns5:FurtherSpecificReserve3ComponentTotalEquity2022-11-3011320184ns5:RetainedEarningsAccumulatedLosses2023-11-3011320184ns5:RetainedEarningsAccumulatedLosses2022-11-3011320184ns5:Secured2023-11-3011320184ns5:Secured2022-11-30
REGISTERED NUMBER: 11320184 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 November 2023

for

UVS Properties Limited

UVS Properties Limited (Registered number: 11320184)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UVS Properties Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr C Grapes
Mr S Milburn





REGISTERED OFFICE: Site 1
Newtown Industrial Estate
Birtley
Co. Durham
DH3 2QW





REGISTERED NUMBER: 11320184 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN

UVS Properties Limited (Registered number: 11320184)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 250,000 250,000
250,000 250,000

CURRENT ASSETS
Cash at bank and in hand 36,450 36,336

CREDITORS
Amounts falling due within one year 6 53,922 70,730
NET CURRENT LIABILITIES (17,472 ) (34,394 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,528

215,606

CREDITORS
Amounts falling due after more than
one year

7

(97,513

)

(104,216

)

PROVISIONS FOR LIABILITIES (4,473 ) (4,473 )
NET ASSETS 130,542 106,917

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 19,069 19,069
Profit and loss account 111,471 87,846
SHAREHOLDERS' FUNDS 130,542 106,917

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

UVS Properties Limited (Registered number: 11320184)

Balance Sheet - continued
30 November 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by:




Mr C Grapes - Director



Mr S Milburn - Director


UVS Properties Limited (Registered number: 11320184)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

UVS Properties 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.

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 as modified by the recognition of certain assets measured at fair value.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for property rentals, stated net of discounts and of value added tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the company and when specific criteria have been met for each of the company's activities described below.

Property rentals :
Turnover from property rentals are recognised in the profit and loss account on a receivable basis.

Investment property
Investment property is included at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account along with the associated deferred tax.

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 carrying 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.


UVS Properties Limited (Registered number: 11320184)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. ACCOUNTING POLICIES - continued
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

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 and other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Current and deferred tax assets and liabilities are not discounted.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 250,000
NET BOOK VALUE
At 30 November 2023 250,000
At 30 November 2022 250,000

The fair value of the investment property at 30 November 2023 has been arrived at on the basis of a valuation carried out at that date by the directors of the company who are not professionally qualified valuers.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,744 8,785
Trade creditors - 5,696
Taxation and social security 8,022 7,783
Other creditors 38,156 48,466
53,922 70,730

UVS Properties Limited (Registered number: 11320184)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 97,513 104,216

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 66,537 69,076

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 105,257 113,001

The bank loans are secured by a fixed and floating charge over the property, and also contains a negative pledge.