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REGISTERED NUMBER: 11149530 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

United Global Group Ltd

United Global Group Ltd (Registered number: 11149530)






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


United Global Group Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M J Martins





REGISTERED OFFICE: Lime Tree Work Shop
11 Lime Tree Work Walk
Sevenoaks
Kent
TN13 1YH





REGISTERED NUMBER: 11149530 (England and Wales)





ACCOUNTANTS: Accounts by Simply Ltd
Unit 15
Runwell Hall Farmhouse
Hoe Lane
Rettendon
Essex
CM3 8DQ

United Global Group Ltd (Registered number: 11149530)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Investments 5 104 104
104 104

CURRENT ASSETS
Debtors 6 1,752,829 1,662,486
Cash at bank and in hand 166 96
1,752,995 1,662,582
CREDITORS
Amounts falling due within one year 7 1,298,632 1,208,332
NET CURRENT ASSETS 454,363 454,250
TOTAL ASSETS LESS CURRENT
LIABILITIES

454,467

454,354

CREDITORS
Amounts falling due after more than
one year

8

32,220

38,395
NET ASSETS 422,247 415,959

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 422,047 415,759
SHAREHOLDERS' FUNDS 422,247 415,959

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 director acknowledges his 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.

United Global Group Ltd (Registered number: 11149530)

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 director and authorised for issue on 6 September 2024 and were signed by:





M J Martins - Director


United Global Group Ltd (Registered number: 11149530)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

United Global Group 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.

Preparation of consolidated financial statements
The financial statements contain information about United Global Group Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

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

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.


United Global Group Ltd (Registered number: 11149530)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 8,175
AMORTISATION
At 1 January 2023
and 31 December 2023 8,175
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 104
NET BOOK VALUE
At 31 December 2023 104
At 31 December 2022 104

United Global Group Ltd (Registered number: 11149530)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 755,581 665,238

Amounts falling due after more than one year:
Amounts owed by associates 997,248 997,248

Aggregate amounts 1,752,829 1,662,486

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 6,004 5,854
Amounts owed to group undertakings 121,000 121,000
Directors' current accounts 1,170,628 1,080,628
Accrued expenses 1,000 850
1,298,632 1,208,332

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 5,914 5,760
Bank loans - 2-5 years 26,306 32,635
32,220 38,395

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
200 Ordinary 1 200 200