IRIS Accounts Production v24.2.0.383 SC513039 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5130392022-12-31SC5130392023-12-31SC5130392023-01-012023-12-31SC5130392021-12-31SC5130392022-01-012022-12-31SC5130392022-12-31SC513039ns15:Scotland2023-01-012023-12-31SC513039ns14:PoundSterling2023-01-012023-12-31SC513039ns10:Director12023-01-012023-12-31SC513039ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31SC513039ns10:SmallEntities2023-01-012023-12-31SC513039ns10:AuditExemptWithAccountantsReport2023-01-012023-12-31SC513039ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31SC513039ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC513039ns10:FullAccounts2023-01-012023-12-31SC513039ns10:Director22023-01-012023-12-31SC513039ns10:RegisteredOffice2023-01-012023-12-31SC513039ns5:CurrentFinancialInstruments2023-12-31SC513039ns5:CurrentFinancialInstruments2022-12-31SC513039ns5:ShareCapital2023-12-31SC513039ns5:ShareCapital2022-12-31SC513039ns5:SharePremium2023-12-31SC513039ns5:SharePremium2022-12-31SC513039ns5:CapitalRedemptionReserve2023-12-31SC513039ns5:CapitalRedemptionReserve2022-12-31SC513039ns5:RetainedEarningsAccumulatedLosses2023-12-31SC513039ns5:RetainedEarningsAccumulatedLosses2022-12-31SC513039ns5:CostValuation2022-12-31SC513039ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31SC513039ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: SC513039 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

UMS Flowell Holdings Limited

UMS Flowell Holdings Limited (Registered number: SC513039)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

UMS Flowell Holdings Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: W Boyd
Mrs P Boyd





REGISTERED OFFICE: 29 Brandon Street
Hamilton
ML3 6DA





REGISTERED NUMBER: SC513039 (Scotland)





ACCOUNTANTS: Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA

UMS Flowell Holdings Limited (Registered number: SC513039)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 5 3,254,584 3,254,584

CURRENT ASSETS
Debtors 6 1,557,103 1,988,840
Cash at bank 480,690 10,652
2,037,793 1,999,492
CREDITORS
Amounts falling due within one year 7 613,031 1,683,074
NET CURRENT ASSETS 1,424,762 316,418
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,679,346

3,571,002

CAPITAL AND RESERVES
Called up share capital 2,824,841 3,531,051
Share premium 558,473 558,473
Capital redemption reserve 706,210 -
Retained earnings 589,822 (518,522 )
SHAREHOLDERS' FUNDS 4,679,346 3,571,002

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.

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 8 August 2024 and were signed on its behalf by:




W Boyd - Director


UMS Flowell Holdings Limited (Registered number: SC513039)

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

1. STATUTORY INFORMATION

UMS Flowell Holdings Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about UMS Flowell Holdings Limited 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.

Investments in subsidiaries
Investments in subsidiary undertakings are stated at cost less any impairment required to reflect a diminution in value.

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.

Foreign currencies
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items are measured at historic cost in a foreign currency are not retranslated.

UMS Flowell Holdings Limited (Registered number: SC513039)

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

4. EMPLOYEES AND DIRECTORS

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2023
and 31 December 2023 3,254,584
NET BOOK VALUE
At 31 December 2023 3,254,584
At 31 December 2022 3,254,584

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 1,556,082 1,983,779
Other debtors 1,021 5,061
1,557,103 1,988,840

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 19,700 50,954
Other creditors 593,331 1,632,120
613,031 1,683,074

8. RELATED PARTY DISCLOSURES

During the year, the company repaid £536,257 (2022 - £304,294) to W Boyd and Mrs P Boyd and repaid £363,117 (2022 - £57,440) to P S Lamont.

At the year end, the balance due to W Boyd and Mrs P Boyd was £489,457 (2022 - £1,025,714) and the balance due to P S Lamont was £nil (2022 - £363,117).

These loans are unsecured, interest free and have no fixed repayment terms.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
UMS Flowell Holdings Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of UMS Flowell Holdings Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of UMS Flowell Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of UMS Flowell Holdings Limited and state those matters that we have agreed to state to the Board of Directors of UMS Flowell Holdings Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that UMS Flowell Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of UMS Flowell Holdings Limited. You consider that UMS Flowell Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of UMS Flowell Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA


8 August 2024