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Company No: 14715497 (England and Wales)

UHS HOLDINGS LIMITED

Unaudited Financial Statements
For the financial period from 08 March 2023 to 31 December 2023
Pages for filing with the registrar

UHS HOLDINGS LIMITED

Unaudited Financial Statements

For the financial period from 08 March 2023 to 31 December 2023

Contents

UHS HOLDINGS LIMITED

COMPANY INFORMATION

For the financial period from 08 March 2023 to 31 December 2023
UHS HOLDINGS LIMITED

COMPANY INFORMATION (continued)

For the financial period from 08 March 2023 to 31 December 2023
DIRECTOR S A Stanley (Appointed 08 March 2023)
REGISTERED OFFICE Stanley Lain House
Trebudannon
Newquay
TR8 4LP
England
United Kingdom
COMPANY NUMBER 14715497 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
UHS HOLDINGS LIMITED

BALANCE SHEET

As at 31 December 2023
UHS HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 31.12.2023
£
Fixed assets
Investments 3 21,250,000
21,250,000
Current assets
Debtors 4 1
1
Creditors: amounts falling due within one year 5 ( 600)
Net current liabilities (599)
Total assets less current liabilities 21,249,401
Net assets 21,249,401
Capital and reserves
Called-up share capital 6 21,250,001
Profit and loss account ( 600 )
Total shareholder's funds 21,249,401

For the financial period 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 UHS Holdings Limited (registered number: 14715497) were approved and authorised for issue by the Director on 01 August 2024. They were signed on its behalf by:

S A Stanley
Director
UHS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 08 March 2023 to 31 December 2023
UHS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 08 March 2023 to 31 December 2023
1. Accounting policies

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

General information and basis of accounting

UHS Holdings 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 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. The company shows a negative profit and loss reserve at the year end due to the timing of dividends taken. This has been cleared post year end.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Reporting period length

This is the first period of account for the company, therefore the financial statements have been drawn up for the period 8 March 2023 to 31 December 2023.

Dividend income

Dividend income is recognised when the company's right to receive payment has been established.

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.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

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

Period from
08.03.2023 to
31.12.2023
Number
Monthly average number of persons employed by the Company during the period, including the director 1

3. Fixed asset investments

Investments in subsidiaries

31.12.2023
£
Cost
At 08 March 2023 0
Additions 31,050,000
Disposals ( 9,800,000)
At 31 December 2023 21,250,000
Carrying value at 31 December 2023 21,250,000

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.12.2023
Unique Home Stays Limited Stanley Lain House, Trebudannon, Newquay, Cornwall, TR8 4LP Furnished holiday letting agency Ordinary 100.00%

4. Debtors

31.12.2023
£
Other debtors 1

5. Creditors: amounts falling due within one year

31.12.2023
£
Other creditors 600

6. Called-up share capital

31.12.2023
£
Allotted, called-up and fully-paid
21,250,001 Ordinary A shares of £ 1.00 each 21,250,001

During the period, 1 Ordinary share was issued on incorporation, with a further 31,050,000 Ordinary shares issued on 13.03.2023 to acquire the entire share capital of Unique Home Stays Limited.

At this time the share capital was then re-designated as:
21,050,001 Ordinary A shares
9,000,000 Ordinary B shares

A capital reduction was then undertaken to facilitate a demerger which then involved the cancellation and subsequent return of capital of the 9,000,000 Ordinary B shares.