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COMPANY REGISTRATION NUMBER: 5123543
Uzmaston Residential Limited
Filleted Unaudited Financial Statements
31 May 2024
Uzmaston Residential Limited
Financial Statements
Year ended 31 May 2024
Contents
Pages
Statement of financial position
1
Notes to the financial statements
2 to 4
Uzmaston Residential Limited
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
Current assets
Debtors
4
37,079
143,124
Cash at bank and in hand
26,356
132
--------
---------
63,435
143,256
Creditors: amounts falling due within one year
5
( 14,320)
( 62,289)
--------
---------
Net current assets
49,115
80,967
--------
--------
Total assets less current liabilities
49,115
80,967
Creditors: amounts falling due after more than one year
6
( 48,989)
( 55,540)
--------
--------
Net assets
126
25,427
--------
--------
Capital and reserves
Called up share capital
7
102
102
Profit and loss account
24
25,325
----
--------
Shareholders funds
126
25,427
----
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 18 October 2024 , and are signed on behalf of the board by:
J. Edwards
Director
Company registration number: 5123543
Uzmaston Residential Limited
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 44 Hamilton House, Hamilton Terrace, Milford Haven, Pembrokeshire, SA73 3JP, Wales.
2. Statement of compliance
These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The director has a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods and services is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Debtors
2024
2023
£
£
Other debtors
37,079
143,124
--------
---------
Other debtors include an amount of £Nil (2023 - £Nil) falling due after more than one year.
5. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts (secured)
10,609
61,609
Trade creditors
2,715
Other creditors
996
680
--------
--------
14,320
62,289
--------
--------
The bank facilities are secured by a legal charge held by HSBC Bank Plc over the assets of the company.
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts (secured)
48,989
55,540
--------
--------
Included within creditors: amounts due after more than one year is an amount of £10,087 (2023: £8,497) in respect of liabilities payable or repayable by installments which fall due for payment after more than five years from the reporting date.
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
Ordinary A shares of £ 1 each
1
1
1
1
Ordinary B shares of £ 1 each
1
1
1
1
----
----
----
----
102
102
102
102
----
----
----
----
8. Related party transactions
The company was under the control of J. Edwards throughout the current and previous year. J. Edwards is the managing director and majority shareholder. Included in other debtors is an amount of £169 (2023: £nil) relating to monies owed to the company by the director.