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REGISTERED NUMBER: SC536774 (Scotland)









UMEGA HOLDING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






UMEGA HOLDING LTD (REGISTERED NUMBER: SC536774)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


UMEGA HOLDING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: A Whitmey
N McInnes





REGISTERED OFFICE: The North Quarter
496 Ferry Road
Edinburgh
EH5 2DL





REGISTERED NUMBER: SC536774 (Scotland)





ACCOUNTANTS: russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
UMEGA HOLDING LTD

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 Umega Holding Ltd for the year ended 31st 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 the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Umega Holding Ltd, 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 Umega Holding Ltd and state those matters that we have agreed to state to the Board of Directors of Umega Holding Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. 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 Umega Holding Ltd 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 Umega Holding Ltd. You consider that Umega Holding Ltd 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 Umega Holding Ltd. 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.






russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL


25th September 2024

UMEGA HOLDING LTD (REGISTERED NUMBER: SC536774)

BALANCE SHEET
31ST DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,190 1,615
Tangible assets 5 10,587 17,945
Investments 6 11 9
11,788 19,569

CURRENT ASSETS
Debtors 7 352,901 239,073
Cash at bank 8,931 8,975
361,832 248,048
CREDITORS
Amounts falling due within one year 8 155,099 81,224
NET CURRENT ASSETS 206,733 166,824
TOTAL ASSETS LESS CURRENT
LIABILITIES

218,521

186,393

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 218,517 186,389
SHAREHOLDERS' FUNDS 218,521 186,393

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 25th September 2024 and were signed on its behalf by:



N McInnes - Director


UMEGA HOLDING LTD (REGISTERED NUMBER: SC536774)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Umega Holding Ltd 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. 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.

Turnover
The turnover shown in the profit and loss account represents the sales value of work done during the year, exclusive of Value Added Tax.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 33% straight line

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

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

UMEGA HOLDING LTD (REGISTERED NUMBER: SC536774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1st January 2023 1,875
Additions 300
At 31st December 2023 2,175
AMORTISATION
At 1st January 2023 260
Amortisation for year 725
At 31st December 2023 985
NET BOOK VALUE
At 31st December 2023 1,190
At 31st December 2022 1,615

5. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST
At 1st January 2023 23,675 - 23,675
Additions - 769 769
At 31st December 2023 23,675 769 24,444
DEPRECIATION
At 1st January 2023 5,730 - 5,730
Charge for year 7,892 235 8,127
At 31st December 2023 13,622 235 13,857
NET BOOK VALUE
At 31st December 2023 10,053 534 10,587
At 31st December 2022 17,945 - 17,945

UMEGA HOLDING LTD (REGISTERED NUMBER: SC536774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2023 9
Additions 2
At 31st December 2023 11
NET BOOK VALUE
At 31st December 2023 11
At 31st December 2022 9

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 123,535 9,438
Amounts owed by group undertakings 200,803 208,862
Other debtors 28,563 20,773
352,901 239,073

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 48,690 25,242
Amounts owed to group undertakings 57,418 14,829
Taxation and social security 33,671 1,470
Other creditors 15,320 39,683
155,099 81,224

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid

Number: Class: Nominal 31.12.23 31.12.22
value: £    £   

180 A Ordinary £0.01 1.80 1.800
180 B Ordinary £0.01 1.80 2.00
20 C Ordinary £0.01 0.20 0.20
20 D Ordinary £0.01 0.20
4.00 4.00

During the year 20 B Ordinary shares were reclassified to 20 D Ordinary shares.

10. OTHER FINANCIAL COMMITMENTS

The company has future operating commitments of £17,084 (2022: £32,585). These costs have been recharged to group companies within the year.

UMEGA HOLDING LTD (REGISTERED NUMBER: SC536774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

11. ULTIMATE CONTROLLING PARTY

The directors, N. McInnes and A. Whitmey, are considered to be the ultimate controlling parties of the company in the current and previous year.