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REGISTERED NUMBER: 03661167 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

UJB Property Company Ltd

UJB Property Company Ltd (Registered number: 03661167)






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




Page

Chartered Accountants' Report 1

Balance Sheet 2

Notes to the Financial Statements 4


Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
UJB Property Company Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of UJB Property Company Ltd for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of UJB Property Company Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of UJB Property Company Ltd and state those matters that we have agreed to state to the Board of Directors of UJB Property Company Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than UJB Property Company Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that UJB Property Company Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of UJB Property Company Ltd. You consider that UJB Property Company Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of UJB Property Company Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haggards Crowther LLP
Chartered Accountants
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ


16 August 2024

UJB Property Company Ltd (Registered number: 03661167)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 - 510,000

CURRENT ASSETS
Debtors 5 253,693 -
Cash at bank 4 1,903
253,697 1,903
CREDITORS
Amounts falling due within one year 6 33,455 22,625
NET CURRENT ASSETS/(LIABILITIES) 220,242 (20,722 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,242

489,278

CREDITORS
Amounts falling due after more than one
year

7

-

(218,472

)

PROVISIONS FOR LIABILITIES - (51,509 )
NET ASSETS 220,242 219,297

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 8 - 271,100
Retained earnings 8 220,240 (51,805 )
220,242 219,297

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.

UJB Property Company Ltd (Registered number: 03661167)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by:





Mr U J Burke - Director


UJB Property Company Ltd (Registered number: 03661167)

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

1. STATUTORY INFORMATION

UJB Property Company Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 03661167 and its registered address is 2nd Floor Heathmans House, 19 Heathmans Road, London, England, SW6 4TJ.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable to the Micro-entities Regime.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements.

Turnover
Turnover is stated net of VAT. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the services provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

UJB Property Company Ltd (Registered number: 03661167)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 510,000
Disposals (510,000 )
At 30 November 2023 -
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 510,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2021 550,000
Valuation in 2022 (40,000 )
510,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Directors' current accounts 253,693 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Tax 29,033 -
Directors' current accounts - 21,299
Accrued expenses 4,422 1,326
33,455 22,625

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Bank loan - 218,472

UJB Property Company Ltd (Registered number: 03661167)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.11.23 30.11.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loan - 218,472

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 December 2022 (51,805 ) 271,100 219,295
Profit for the year 272,045 272,045
Disposal of properties - (271,100 ) (271,100 )
At 30 November 2023 220,240 - 220,240

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in the year end Other debtor balance is an amount owed by Mr U Burke to the company of £253,693 (2022: £21,299 Cr). During the year, the company made advances to the directors amounting to £287,840 (2022: £7,038). The company received repayments of £12,848 (2022: £7,020).