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REGISTERED NUMBER: 08745321 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

UCR Construction & Development Limited

UCR Construction & Development Limited (Registered number: 08745321)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UCR Construction & Development Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr D C Brookes





SECRETARY:





REGISTERED OFFICE: C/O Chesterton House Accounting Services
2 Rectory Place
Loughborough
Leicestershire
LE111UW





REGISTERED NUMBER: 08745321 (England and Wales)





ACCOUNTANTS: Chesterton House Accounting Services LLP
2-3 Rectory Place
Loughborough
Leicestershire
LE11 1UW

UCR Construction & Development Limited (Registered number: 08745321)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,546 18,061
Investments 5 100 200
13,646 18,261

CURRENT ASSETS
Stocks 662,198 1,714,387
Debtors 6 36,453 65,327
Cash at bank 9,775 106,729
708,426 1,886,443
CREDITORS
Amounts falling due within one year 7 116,570 407,030
NET CURRENT ASSETS 591,856 1,479,413
TOTAL ASSETS LESS CURRENT
LIABILITIES

605,502

1,497,674

CREDITORS
Amounts falling due after more than
one year

8

(1,046,718

)

(1,875,000

)

PROVISIONS FOR LIABILITIES (3,386 ) -
NET LIABILITIES (444,602 ) (377,326 )

UCR Construction & Development Limited (Registered number: 08745321)

Balance Sheet - continued
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (444,702 ) (377,426 )
(444,602 ) (377,326 )

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

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

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





Mr D C Brookes - Director


UCR Construction & Development Limited (Registered number: 08745321)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

UCR Construction & Development 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.

2. ACCOUNTING POLICIES

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

GOING CONCERN

The company is dependent on the continued support of the directors. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of that support.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover includes the sale of property & rendering of building services and is measured on completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stock is made up of land held for development & work in progress, and are stated at the lower of cost or net realisable value. Cost includes all direct costs which includes material &, labour.


UCR Construction & Development Limited (Registered number: 08745321)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

UCR Construction & Development Limited (Registered number: 08745321)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments 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 or from related parties and
investments in 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.

For financial assets measured at amortised cost, the impairment loss is measured as the
difference between an asset's carrying amount and the present value of estimated cash flows
discounted at the asset's original effective interest rate. If a financial asset has a variable interest
rate, the discount rate for measuring any impairment loss is the current effective interest rate
determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the
difference between an asset's carrying amount and the best estimate, which is an approximation,
of the amount that the company would receive for the asset if it were to be sold at the reporting
date. Financial assets and liabilities are offset and the net amount reported in the statement of
financial position when there is an enforceable right to set off the recognised amounts and there
is an intention to settle on a net basis or to realise the asset and settle the liability
simultaneously.

UCR Construction & Development Limited (Registered number: 08745321)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant,
property and equipment, are reviewed to determine whether there is an indication that an asset
may be impaired. If there is an indication of possible impairment, the recoverable amount of any
asset or group of related assets, which is the higher of value in use and the fair value less cost to
sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the
carrying amount of the asset is reduced to its recoverable amount and an impairment loss is
recognised immediately in profit or loss.

Inventories are also assessed for impairment at each reporting date. The carrying amount of
each item of inventory, or group of similar items, is compared with its selling price less costs to
complete and sell. If an item of inventory or group of similar items is impaired, its carrying amount
is reduced to selling price less costs to complete and sell, and an impairment loss is recognised
immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of
related assets is increased to the revised estimate of its recoverable amount, but not to exceed
the mount that would have been determined had no impairment loss been recognised for the
asset or group of related assets in prior periods. A reversal of an impairment loss is recognised
immediately in profit or loss.

Related party disclosures
Included within Other Debtors, Amounts Falling due within one year is a loan to UCR Garden & Landscapes Ltd a subsidiary of £1,000 (2022 - £0). The loan is interest free.

Included within Other Creditors, Amounts Falling due after more than one year is a loan from UCR Consultants Limited of £1,022.740 ( 2022 - £1,875,000). Interest is chargeable on the loan.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

UCR Construction & Development Limited (Registered number: 08745321)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 29,463
DEPRECIATION
At 1 November 2022 11,402
Charge for year 4,515
At 31 October 2023 15,917
NET BOOK VALUE
At 31 October 2023 13,546
At 31 October 2022 18,061

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 November 2022 200
Disposals (100 )
At 31 October 2023 100
NET BOOK VALUE
At 31 October 2023 100
At 31 October 2022 200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 19,192 3,596
Other debtors 17,261 61,731
36,453 65,327

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

UCR Construction & Development Limited (Registered number: 08745321)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 95,883 349,802
Taxation and social security 6,092 8,914
Other creditors 14,595 48,314
116,570 407,030

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 8,144 -
Other creditors 1,038,574 1,875,000
1,046,718 1,875,000

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D C Brookes.