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Company registration number: 12822233
UCM Properties Ltd
Unaudited filleted financial statements
31 August 2023
UCM Properties Ltd
Contents
Statement of financial position
Notes to the financial statements
UCM Properties Ltd
Statement of financial position
31 August 2023
2023 2022
Note £ £ £ £
Current assets
Debtors 5 100 100
_______ _______
100 100
Creditors: amounts falling due
within one year 6 ( 613) ( 613)
_______ _______
Net current liabilities ( 513) ( 513)
_______ _______
Total assets less current liabilities ( 513) ( 513)
_______ _______
Net liabilities ( 513) ( 513)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account ( 613) ( 613)
_______ _______
Shareholders deficit ( 513) ( 513)
_______ _______
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 30 August 2024 , and are signed on behalf of the board by:
Mrs Elaine Dodd
Director
Company registration number: 12822233
UCM Properties Ltd
Notes to the financial statements
Year ended 31 August 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Deansfield House, 98 Lancaster Road, Newcastle under Lyme, Staffordshire, ST5 1DS.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 0 (2022: 0).
5. Debtors
2023 2022
£ £
Amounts owed by related parties 100 100
_______ _______
6. Creditors: amounts falling due within one year
2023 2022
£ £
Amounts owed to related parties 613 613
_______ _______
7. Related party transactions
Umbrella Care (Midlands) Limited is considered to be a related party by virtue of being a wholly owned subsidiary of Umbrella Care (Midlands) Holdings Limited. At the balance sheet date the company owed Umbrella Care (Midlands) Limited £613. (2022: £613)Umbrella Care (Midlands) Holdings Limited is considered to be a related party by virtue of holding 100% of the issued ordinary share capital of UCM Proprties Limited. At the balance sheet date the company was owed £100 by Umbrella Care (Midlands) Holdings Limited. (2022: £100)