Company registration number 09952748 (England and Wales)
UNITED RESOURCE HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
UNITED RESOURCE HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
UNITED RESOURCE HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
280
265
Current assets
Debtors
5
20,000
24,945
Cash at bank and in hand
34,907
17,936
54,907
42,881
Creditors: amounts falling due within one year
6
(280)
(210)
Net current assets
54,627
42,671
Net assets
54,907
42,936
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
54,807
42,836
Total equity
54,907
42,936
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for:
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 23 October 2024
Mr D A Seenan
Director
Company registration number 09952748 (England and Wales)
UNITED RESOURCE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
United Resource Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Whittle Close, Engineer Park, Sandycroft, Flintshire, CH5 2QE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.3
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
UNITED RESOURCE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
280
265
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 April 2023
265
Additions
15
At 31 March 2024
280
Carrying amount
At 31 March 2024
280
At 31 March 2023
265
4
Subsidiaries
Details of the company's subsidiaries at 31 March 2024 are as follows:
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
United Air Power (Manchester) Limited
2 Hilliards Court, Chester Business Park, Chester, Cheshire, United Kingdom, CH4 9PX
A
55.00
United Air Power (Lancashire) Limited
2 Hilliards Court, Chester Business Park, Chester, Cheshire, United Kingdom, CH4 9PX
A
83.33
United Air Power (Yorkshire) Limited
Whittle Close, Engineer Park, Sandycroft, United Kingdom, CH5 2QE
A
80.00
UAP Cooling Limited
Whittle Close, Engineer Park, Sandycroft, United Kingdom, CH5 2QE
A
70.00
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
20,000
24,945
6
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
280
210
7
Related party transactions
UNITED RESOURCE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
7
Related party transactions
(Continued)
- 4 -
During the year ended 31 March 2024 the company was advanced the unpaid share capital of its subsidiary UAP Cooling Limited of £15. In 2023 the advanced share capital for United Air Power (Yorkshire) Limited and UAP Cooling Limited amounted to £80 and £55 respectively.
During the year ended 31 March 2024 £5,000 (2023: £5,000 was advanced) was repaid to UAP Cooling Limited and £0 (2023: £20,000) was advanced to United Air Power (Yorkshire) Limited subsidiaries under majority control of the company.
At 31 March 2023 the company owed £280 (2023: £210) to majority owned subsidiaries.
At 31 March 2023 the company was owed £20,000 (2023: £24,945) from majority owned subsidiaries.