Union Properties Group Ltd


FINANCIAL STATEMENTS


for the year ended 30th November 2023



Union Properties Group Ltd

CONTENTS

for the year ended 30th November 2023







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Union Properties Group Ltd

Company No. 13735750

STATEMENT OF FINANCIAL POSITION

as at 30th November 2023

20232022
Note£££
FIXED ASSETS
Property, plant and equipment49732797825
9732797825
CURRENT ASSETS
Debtors51500015948
Cash at bank and in hand205119197
1705135145
CURRENT LIABILITIES
Creditors: amounts falling due
within one year611209862830
NET CURRENT LIABILITIES(95047)(27685)
TOTAL ASSETS LESS CURRENT LIABILITIES228070140
 
Creditors: amounts falling due
after more than one year7-70000
 
NET ASSETS2280140
 
CAPITAL AND RESERVES
Called up share capital9999
Retained earnings218141
SHAREHOLDERS FUNDS2280140

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 30th November 2023 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 1 July 2024


Brash M R

Director

Company Number 13735750 (England)

Union Properties Group Ltd

NOTES TO THE ACCOUNTS

for the year ended 30th November 2023


1   Statutory information

Union Properties Group Ltd is a private company limited by shares and registered under company number 13735750 in England. Its registered office address is 9 Pembury Close, Bromley, Kent. BR2 7PS.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles10% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

The average number of employees during the accounting period was 3 (2022 - 3).

4   Property, plant and equipment
 
Fixtures
Land andand
BuildingsFittingsTotal
£££
Cost
At 1st December 2022 and
At 30th November 202392850500097850
 
Depreciation
At 1st December 2022 -2525
Charge for year-498498
At 30th November 2023-523523
 
Net Book Value
At 30th November 202392850447797327
At 30th November 202292850497597825

5   Debtors20232022
££
 
Prepayments and accrued income1500015948
1500015948

6   Creditors: amounts falling due within one year20232022
££
 
Loans and Overdrafts723502350
Other creditors3926860000
Accruals and deferred income480480
11209862830

7   Creditors: amounts falling due after one year20232022
££
 
Loans and Overdrafts-70000
-70000

8   Loans20232022
££
Analysis of maturity of debt:
 
Within one year723502350
Between one and five years-10000
After five years-60000
7235072350
Secured loans-72350

Loans are secured by mortgage

Loan amounts payable after five years can be analysed as follows:
 
Repayment TermsInterest Rate (%)
Bank LoansInstallments2-60000
-60000

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