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Registered number: 12883523
Uno Developments Ltd
Financial Statements
For the Period 1 October 2022 to 31 March 2024
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 12883523
31 March 2024 30 September 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,369 -
Investment Properties 5 521,361 -
537,730 -
CURRENT ASSETS
Cash at bank and in hand 2,121 2
2,121 2
Creditors: Amounts Falling Due Within One Year 6 (258,574 ) -
NET CURRENT ASSETS (LIABILITIES) (256,453 ) 2
TOTAL ASSETS LESS CURRENT LIABILITIES 281,277 2
Creditors: Amounts Falling Due After More Than One Year 7 (290,061 ) -
NET (LIABILITIES)/ASSETS (8,784 ) 2
CAPITAL AND RESERVES
Called up share capital 8 2 2
Income Statement (8,786 ) -
SHAREHOLDERS' FUNDS (8,784) 2
Page 1
Page 2
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr S Kularatnam
Director
17/05/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Uno Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12883523 . The registered office is 95 Ravensbourne Park, Catford, London, SE6 4YA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on Reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2022: )
- -
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 October 2022 -
Additions 21,825
As at 31 March 2024 21,825
Depreciation
As at 1 October 2022 -
Provided during the period 5,456
As at 31 March 2024 5,456
Net Book Value
As at 31 March 2024 16,369
As at 1 October 2022 -
5. Investment Property
31 March 2024
£
Fair Value
As at 1 October 2022 -
Additions 521,361
As at 31 March 2024 521,361
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 30 September 2022
£ £
Amounts owed to group undertakings 85,000 -
Other creditors 173,574 -
258,574 -
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 30 September 2022
£ £
Mortgage Loan 290,061 -
Page 4
Page 5
8. Share Capital
31 March 2024 30 September 2022
£ £
Allotted, Called up and fully paid 2 2
Page 5