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REGISTERED NUMBER: 01401352 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

UNIVERSAL COMMERCIAL RELOCATION
(HOLDINGS) LIMITED

UNIVERSAL COMMERCIAL RELOCATION
(HOLDINGS) LIMITED (REGISTERED NUMBER: 01401352)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UNIVERSAL COMMERCIAL RELOCATION
(HOLDINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: W Murray
Mrs M C Murray
Mrs S K Cole





REGISTERED OFFICE: 3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW





BUSINESS ADDRESS: Unit 1c Lyon Trading Estate
Lyon Way
Greenford
Middlesex
UB6 0BN





REGISTERED NUMBER: 01401352 (England and Wales)





ACCOUNTANTS: GKP (Ampthill) Limited
Chartered Accountants
3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW

UNIVERSAL COMMERCIAL RELOCATION
(HOLDINGS) LIMITED (REGISTERED NUMBER: 01401352)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4 11
Investments 5 200 200
Investment property 6 5,100,000 5,100,000
5,100,204 5,100,211

CURRENT ASSETS
Debtors 7 226,068 236,395
Cash at bank 67 66
226,135 236,461
CREDITORS
Amounts falling due within one year 8 750,453 696,148
NET CURRENT LIABILITIES (524,318 ) (459,687 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,575,886

4,640,524

CREDITORS
Amounts falling due after more than one
year

9

(528,377

)

(672,594

)

PROVISIONS FOR LIABILITIES 11 (379,621 ) (379,856 )
NET ASSETS 3,667,888 3,588,074

CAPITAL AND RESERVES
Called up share capital 300 300
Revaluation reserve 12 2,605,361 2,605,361
Retained earnings 1,062,227 982,413
SHAREHOLDERS' FUNDS 3,667,888 3,588,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

UNIVERSAL COMMERCIAL RELOCATION
(HOLDINGS) LIMITED (REGISTERED NUMBER: 01401352)

BALANCE SHEET - continued
31 JANUARY 2024


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 19 August 2024 and were signed on its behalf by:





Mrs S K Cole - Director


UNIVERSAL COMMERCIAL RELOCATION
(HOLDINGS) LIMITED (REGISTERED NUMBER: 01401352)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Universal Commercial Relocation (Holdings) 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced property rental and management services, excluding value added tax.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation.

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

Plant and machinery - 20% on cost

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

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.

UNIVERSAL COMMERCIAL RELOCATION
(HOLDINGS) LIMITED (REGISTERED NUMBER: 01401352)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST OR VALUATION
At 1 February 2023 107,267
Disposals (38,015 )
At 31 January 2024 69,252
DEPRECIATION
At 1 February 2023 107,256
Eliminated on disposal (38,008 )
At 31 January 2024 69,248
NET BOOK VALUE
At 31 January 2024 4
At 31 January 2023 11


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 200
NET BOOK VALUE
At 31 January 2024 200
At 31 January 2023 200

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 5,100,000
NET BOOK VALUE
At 31 January 2024 5,100,000
At 31 January 2023 5,100,000

UNIVERSAL COMMERCIAL RELOCATION
(HOLDINGS) LIMITED (REGISTERED NUMBER: 01401352)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. INVESTMENT PROPERTY - continued

The leasehold property was revalued to £5,100,000 on a market value basis on 15 February 2016 by Aitchison Raffety Property Consultants. In the opinion of the directors the valuation of the building at the year end would not be materially different.

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 5,100,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,132,017 2,132,017

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 20,000
Other debtors 203,783 199,136
Prepayments and accrued income 22,285 17,259
226,068 236,395

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 464,491 390,469
Trade creditors - 3,233
Tax 45,042 -
Social security and other taxes 319 667
VAT 19,280 18,228
Other creditors 153,890 220,514
Directors' current accounts 1,912 2,131
Accrued expenses 65,519 60,906
750,453 696,148

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 84,389 149,669
Bank loans - 2-5 years 271,590 283,921
Bank loans more than 5 years 172,398 239,004
528,377 672,594

UNIVERSAL COMMERCIAL RELOCATION
(HOLDINGS) LIMITED (REGISTERED NUMBER: 01401352)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 172,398 239,004

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 317,215 243,228
Bank loans 675,653 819,835
992,868 1,063,063

The debts are secured by a first legal charge over the freehold and leasehold properties.

An unlimited multilateral guarantee exists between Universal Commercial Relocation (Holdings) Limited, Universal Commercial Relocation Limited and Information Storage Solutions Limited.

A debenture in favour of HSBC Bank plc gives a fixed charge over all present freehold and leasehold property, a first fixed charge over book and other debts, chattels, goodwill and uncalled capital both present and future and a first floating charge over all assets and undertakings both present and future.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Other timing differences 379,621 379,856

Deferred
tax
£   
Balance at 1 February 2023 379,856
Utilised during year (235 )
Balance at 31 January 2024 379,621

12. RESERVES
Revaluation
reserve
£   
At 1 February 2023
and 31 January 2024 2,605,361

UNIVERSAL COMMERCIAL RELOCATION
(HOLDINGS) LIMITED (REGISTERED NUMBER: 01401352)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

14. ULTIMATE CONTROLLING PARTY

The directors, Mr W and Mrs M Murray control the company by virtue of their shareholdings.