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Company No: 10595142 (England and Wales)

UNIQUE HOME STAYS PROPERTY - UHS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

UNIQUE HOME STAYS PROPERTY - UHS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

UNIQUE HOME STAYS PROPERTY - UHS LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
UNIQUE HOME STAYS PROPERTY - UHS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTOR S A Stanley
REGISTERED OFFICE Stanley Lain House
Trebudannon
Newquay
TR8 4LP
England
United Kingdom
COMPANY NUMBER 10595142 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
UNIQUE HOME STAYS PROPERTY - UHS LIMITED

BALANCE SHEET

As at 31 December 2023
UNIQUE HOME STAYS PROPERTY - UHS LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 5,689,059 5,696,426
5,689,059 5,696,426
Current assets
Stocks 4 2,786 3,777
Debtors 5 92,871 39,099
Cash at bank and in hand 333,817 1,274,146
429,474 1,317,022
Creditors: amounts falling due within one year 6 ( 102,341) ( 100,100)
Net current assets 327,133 1,216,922
Total assets less current liabilities 6,016,192 6,913,348
Provision for liabilities ( 69,869) ( 71,711)
Net assets 5,946,323 6,841,637
Capital and reserves
Called-up share capital 7 100 100
Capital contribution reserve 4,976,078 4,976,078
Profit and loss account 970,145 1,865,459
Total shareholders' funds 5,946,323 6,841,637

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Unique Home Stays Property - UHS Limited (registered number: 10595142) were approved and authorised for issue by the Director on 01 August 2024. They were signed on its behalf by:

S A Stanley
Director
UNIQUE HOME STAYS PROPERTY - UHS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
UNIQUE HOME STAYS PROPERTY - UHS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Unique Home Stays Property - UHS Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Stanley Lain House, Trebudannon, Newquay, TR8 4LP, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Assets costing £500 or more are capitalised as tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, according to the rates set out below. If applicable, a full year's depreciation is charged in the year of acquisition and no depreciation is charged in the year of disposal.

Land and buildings not depreciated
Plant and machinery 33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

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.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Land and buildings Plant and machinery Total
£ £ £
Cost
At 01 January 2023 3,857,072 2,018,119 5,875,191
Additions 0 21,600 21,600
Disposals 0 ( 7,315) ( 7,315)
At 31 December 2023 3,857,072 2,032,404 5,889,476
Accumulated depreciation
At 01 January 2023 0 178,765 178,765
Charge for the financial year 0 25,949 25,949
Disposals 0 ( 4,297) ( 4,297)
At 31 December 2023 0 200,417 200,417
Net book value
At 31 December 2023 3,857,072 1,831,987 5,689,059
At 31 December 2022 3,857,072 1,839,354 5,696,426

4. Stocks

2023 2022
£ £
Stocks 2,786 3,777

5. Debtors

2023 2022
£ £
Trade debtors 23,809 18,406
Amounts owed by Group undertakings 49,000 0
Other debtors 20,062 20,693
92,871 39,099

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 2,204 4,588
Amounts owed to Parent undertakings 20,840 8,392
Taxation and social security 71,257 75,843
Other creditors 8,040 11,277
102,341 100,100

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Ultimate controlling party

Parent Company:

UHS Property Holdings Limited
Stanley Lain House
Trebudannon
Newquay
TR8 4LP