Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01falserental and other business support services66trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03252388 2023-04-01 2024-03-31 03252388 2022-04-01 2023-03-31 03252388 2024-03-31 03252388 2023-03-31 03252388 2022-04-01 03252388 c:Director3 2023-04-01 2024-03-31 03252388 c:Director6 2023-04-01 2024-03-31 03252388 d:Buildings 2023-04-01 2024-03-31 03252388 d:Buildings 2024-03-31 03252388 d:Buildings 2023-03-31 03252388 d:CurrentFinancialInstruments 2024-03-31 03252388 d:CurrentFinancialInstruments 2023-03-31 03252388 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03252388 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03252388 d:ShareCapital 2024-03-31 03252388 d:ShareCapital 2023-03-31 03252388 d:ShareCapital 2022-04-01 03252388 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 03252388 d:RetainedEarningsAccumulatedLosses 2024-03-31 03252388 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 03252388 d:RetainedEarningsAccumulatedLosses 2023-03-31 03252388 d:RetainedEarningsAccumulatedLosses 2022-04-01 03252388 c:OrdinaryShareClass1 2023-04-01 2024-03-31 03252388 c:OrdinaryShareClass1 2024-03-31 03252388 c:OrdinaryShareClass1 2023-03-31 03252388 c:FRS102 2023-04-01 2024-03-31 03252388 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03252388 c:FullAccounts 2023-04-01 2024-03-31 03252388 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03252388 2 2023-04-01 2024-03-31 03252388 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 03252388









UNIVERSAL PROPERTIES (EUROPE) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
UNIVERSAL PROPERTIES (EUROPE) LIMITED
REGISTERED NUMBER: 03252388

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
331,344
287,271

Current assets
  

Debtors: amounts falling due within one year
 5 
-
5,964

Cash at bank and in hand
 6 
20,953
44,454

  
20,953
50,418

Creditors: amounts falling due within one year
 7 
(396,663)
(338,950)

Net current liabilities
  
 
 
(375,710)
 
 
(288,532)

Total assets less current liabilities
  
(44,366)
(1,261)

  

Net liabilities
  
(44,366)
(1,261)


Capital and reserves
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
  
(45,366)
(2,261)

  
(44,366)
(1,261)


Page 1

 
UNIVERSAL PROPERTIES (EUROPE) LIMITED
REGISTERED NUMBER: 03252388
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 year 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 statement of comprehensive income 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: 


David Christopher Lyons
Paul Michael Lyons
Director
Director


Date: 5 August 2024

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
UNIVERSAL PROPERTIES (EUROPE) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2023
1,000
(2,261)
(1,261)



Loss for the year
-
(43,105)
(43,105)


At 31 March 2024
1,000
(45,366)
(44,366)



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2022
1,000
84,590
85,590



Loss for the year
-
(86,851)
(86,851)


At 31 March 2023
1,000
(2,261)
(1,261)


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
UNIVERSAL PROPERTIES (EUROPE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Universal Properties (Europe) Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is 10 Mulbery Court, Bourne Industrial Park, Bourne Road, Dartford, DA1 4BF .
The principal activity of the company during the year has been that of rental and other business support service activities.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company relies on the support of its directors. The directors have given their assurances that their support will not be withdrawn. It is on this basis that these accounts have been prepared under the going concern concept, and do not reflect any adjustment that may be necessary should that support be withdrawn.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
UNIVERSAL PROPERTIES (EUROPE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Freehold property
-
Not depreciated

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

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.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term 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.

Page 5

 
UNIVERSAL PROPERTIES (EUROPE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees




The average monthly number of employees, including directors, during the year was 6 (2023 - 6).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 April 2023
287,271


Additions
44,073



At 31 March 2024

331,344






Net book value



At 31 March 2024
331,344



At 31 March 2023
287,271


5.


Debtors

2024
2023
£
£


Trade debtors
-
3,000

Other debtors
-
2,394

Prepayments and accrued income
-
570

-
5,964


Page 6

 
UNIVERSAL PROPERTIES (EUROPE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
20,953
44,454

20,953
44,454



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
258
-

Corporation tax
3,742
9,568

Other creditors
359,003
325,482

Accruals and deferred income
33,660
3,900

396,663
338,950



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary Shares shares of £1.00 each
1,000
1,000



9.


Related party transactions

Included within other creditors is a balance due to the directors totalling £308,194 (2023: £272,279)

 
Page 7