IRIS Accounts Productionv24.2.0.38303293490Board of Directors1.1.2331.12.2331.12.23falsetruefalsefalsetruefalse iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh032934902022-12-31032934902023-12-31032934902023-01-012023-12-31032934902021-12-31032934902022-01-012022-12-31032934902022-12-3103293490ns15:EnglandWales2023-01-012023-12-3103293490ns14:PoundSterling2023-01-012023-12-3103293490ns10:Director12023-01-012023-12-3103293490ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3103293490ns10:SmallEntities2023-01-012023-12-3103293490ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3103293490ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3103293490ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3103293490ns10:FullAccounts2023-01-012023-12-3103293490ns10:Director22023-01-012023-12-3103293490ns10:CompanySecretary12023-01-012023-12-3103293490ns10:RegisteredOffice2023-01-012023-12-3103293490ns5:CurrentFinancialInstruments2023-12-3103293490ns5:CurrentFinancialInstruments2022-12-3103293490ns5:ShareCapital2023-12-3103293490ns5:ShareCapital2022-12-3103293490ns5:RetainedEarningsAccumulatedLosses2023-12-3103293490ns5:RetainedEarningsAccumulatedLosses2022-12-3103293490ns5:FurnitureFittings2023-01-012023-12-3103293490ns5:LandBuildings2022-12-3103293490ns5:FurnitureFittings2022-12-3103293490ns5:LandBuildings2023-01-012023-12-3103293490ns5:LandBuildings2023-12-3103293490ns5:FurnitureFittings2023-12-3103293490ns5:LandBuildings2022-12-3103293490ns5:FurnitureFittings2022-12-3103293490ns5:CostValuation2022-12-3103293490ns5:AdditionsToInvestments2023-12-3103293490ns5:CostValuation2023-12-3103293490ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3103293490ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3103293490ns5:RetainedEarningsAccumulatedLosses2022-12-3103293490ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31

REGISTERED NUMBER: 03293490 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 December 2023

for


Universal Estates( UK ) Ltd


Universal Estates( UK ) Ltd (Registered number: 03293490)







Contents of the Financial Statements

for the Year Ended 31 December 2023





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

4




Universal Estates( UK ) Ltd


Company Information

for the Year Ended 31 December 2023









DIRECTORS:

C L Nagus


Mrs R N Nagus







SECRETARY:

Mrs R N Nagus







REGISTERED OFFICE:

214 Queens Drive


Liverpool


Merseyside


L15 6YF







REGISTERED NUMBER:

03293490 (England and Wales)







Universal Estates( UK ) Ltd (Registered number: 03293490)


Balance Sheet

31 December 2023


31.12.23

31.12.22



Notes

£

£

£

£

FIXED ASSETS

Tangible assets

4

146,030


120,365



Investments

5

1,762,250


1,616,191



1,908,280


1,736,556




CURRENT ASSETS

Debtors

6

34,071


32,142



Cash at bank

477,662


584,109



511,733


616,251



CREDITORS

Amounts falling due within one year

7

576,118


554,554



NET CURRENT (LIABILITIES)/ASSETS

(64,385

)

61,697



TOTAL ASSETS LESS CURRENT

LIABILITIES

1,843,895


1,798,253




CAPITAL AND RESERVES

Called up share capital

100


100



Retained earnings

8

1,843,795


1,798,153



1,843,895


1,798,253




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.  


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


Universal Estates( UK ) Ltd (Registered number: 03293490)


Balance Sheet - continued

31 December 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 5 September 2024 and were signed on its behalf by:






C L Nagus - Director



Universal Estates( UK ) Ltd (Registered number: 03293490)


Notes to the Financial Statements

for the Year Ended 31 December 2023


1.

STATUTORY INFORMATION



Universal Estates( UK ) Ltd 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.    



Tangible fixed assets


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


Fixtures and fittings

-

15% on reducing balance


3.

EMPLOYEES AND DIRECTORS



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


4.

TANGIBLE FIXED ASSETS

Fixtures


Freehold

and


property

fittings

Totals



£

£

£


COST OR VALUATION


At 1 January 2023

120,000


500


120,500




Additions

-


850


850




Revaluations

25,000


-


25,000




At 31 December 2023

145,000


1,350


146,350




DEPRECIATION


At 1 January 2023

-


135


135




Charge for year

-


185


185




At 31 December 2023

-


320


320




NET BOOK VALUE


At 31 December 2023

145,000


1,030


146,030




At 31 December 2022

120,000


365


120,365




The directors are of the opinion that the property is stated at its current market value.


Universal Estates( UK ) Ltd (Registered number: 03293490)


Notes to the Financial Statements - continued

for the Year Ended 31 December 2023


4.

TANGIBLE FIXED ASSETS - continued



Cost or valuation at 31 December 2023 is represented by:


Fixtures


Freehold

and


property

fittings

Totals



£

£

£


Valuation in 2018

(25,000

)

-


(25,000

)



Valuation in 2023

25,000


-


25,000




Cost

145,000


1,350


146,350



145,000


1,350


146,350




5.

FIXED ASSET INVESTMENTS


31.12.23

31.12.22



£

£


Other investments not loans

1,762,250


1,616,191





Additional information is as follows:

Other


investments



£


COST


At 1 January 2023

369,248




Additions

131




At 31 December 2023

369,379




NET BOOK VALUE


At 31 December 2023

369,379




At 31 December 2022

369,248





Investments (neither listed nor unlisted) were as follows:

31.12.23

31.12.22



£

£


Investment

1,392,871


1,246,943




6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


31.12.23

31.12.22



£

£


Trade debtors

198


-




Other debtors

33,873


32,142



34,071


32,142




Universal Estates( UK ) Ltd (Registered number: 03293490)


Notes to the Financial Statements - continued

for the Year Ended 31 December 2023


7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


31.12.23

31.12.22



£

£


Tax

6,734


771




Inter Company Account

359,095


349,635




Deposits held

-


500




Directors' current accounts

209,601


201,073




Accrued expenses

688


2,575



576,118


554,554




8.

RESERVES

Retained


earnings



£



At 1 January 2023

1,798,153




Profit for the year

34,842




Dividends

(14,200

)



Property revaluation

25,000




At 31 December 2023

1,843,795