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Company Registration No. 15080617 (England and Wales)
UK Local Properties Ltd Unaudited accounts for the period from 18 August 2023 to 31 July 2024
UK Local Properties Ltd Unaudited accounts Contents
Page
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UK Local Properties Ltd Company Information for the period from 18 August 2023 to 31 July 2024
Director
Ryan Murch
Company Number
15080617 (England and Wales)
Registered Office
7 HERBERT TERRACE PENARTH CF64 2AH WALES
Accountants
Evans Entwistle Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of UK Local Properties Ltd for the period from 18 August 2023 to 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of UK Local Properties Ltd for the period from 18 August 2023 to 31 July 2024 as set out on pages 5 - 7 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 https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Evans Entwistle Chartered Certified Accountants Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH 14 November 2024
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UK Local Properties Ltd Statement of financial position as at 31 July 2024
2024 
Notes
£ 
Fixed assets
Investment property
320,000 
Current assets
Cash at bank and in hand
1,746 
Creditors: amounts falling due within one year
(159,040)
Net current liabilities
(157,294)
Total assets less current liabilities
162,706 
Creditors: amounts falling due after more than one year
(231,913)
Net liabilities
(69,207)
Capital and reserves
Called up share capital
100 
Profit and loss account
(69,307)
Shareholders' funds
(69,207)
For the period ending 31 July 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 November 2024 and were signed on its behalf by
Ryan Murch Director Company Registration No. 15080617
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UK Local Properties Ltd Notes to the Accounts for the period from 18 August 2023 to 31 July 2024
1
Statutory information
UK Local Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 15080617. The registered office is 7 HERBERT TERRACE, PENARTH, CF64 2AH, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Share capital
2024 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
Shares issued during the period:
100 Ordinary shares of £1 each
100 
5
Transactions with related parties
At the balance sheet date the company owed RM Plumbing and Electrical Ltd (07842110), a company under under common control, and amount of £13,500 (2023: N/A).
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UK Local Properties Ltd Notes to the Accounts for the period from 18 August 2023 to 31 July 2024
6
Average number of employees
During the period the average number of employees was 0.
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