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Registered number: 10464088
UK Apartment Hub Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2022
Hamilton Coopers
Chartered Accountants
66 Earl Street
Maidstone
Kent
ME14 1PS
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10464088
2022 2021
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 2,968 20,012
2,968 20,012
Creditors: Amounts Falling Due Within One Year 5 (65,574 ) (67,741 )
NET CURRENT ASSETS (LIABILITIES) (62,606 ) (47,729 )
TOTAL ASSETS LESS CURRENT LIABILITIES (62,606 ) (47,729 )
NET LIABILITIES (62,606 ) (47,729 )
CAPITAL AND RESERVES
Called up share capital 6 3 3
Profit and Loss Account (62,609 ) (47,732 )
SHAREHOLDERS' FUNDS (62,606) (47,729)
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Page 2
For the year ending 31 December 2022 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 Profit and Loss Account.
On behalf of the board
Muhammad Usman Khan
Director
19 November 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
UK Apartment Hub Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10464088 . The registered office is 31 Hall End Road, Wootton, Bedfordshire, MK43 9HJ.
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. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2021: 2)
- 2
4. Debtors
2022 2021
£ £
Due within one year
Other debtors 728 5,488
Directors' loan accounts 2,240 14,524
2,968 20,012
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5. Creditors: Amounts Falling Due Within One Year
2022 2021
£ £
Bank loans and overdrafts 5,593 5,171
Corporation tax 3,342 6,891
Other creditor 8,179 8,179
Other creditors - Bank Loan 47,500 47,500
Accruals and deferred income 960 -
65,574 67,741
6. Share Capital
2022 2021
£ £
Allotted, Called up and fully paid 3 3
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2022 Amounts advanced Amounts repaid Amounts written off As at 31 December 2022
£ £ £ £ £
Mr Muhammad Khan 14,524 - 12,284 - 2,240
The above loan is unsecured, interest free and repayable on demand.
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