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REGISTERED NUMBER: 13722381 (England and Wales)















U ENERGY GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






U ENERGY GROUP LIMITED (REGISTERED NUMBER: 13722381)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


U ENERGY GROUP LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTOR: F S Gohir





REGISTERED OFFICE: Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS





REGISTERED NUMBER: 13722381 (England and Wales)





ACCOUNTANTS: SMH Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

U ENERGY GROUP LIMITED (REGISTERED NUMBER: 13722381)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 476,117 476,117
Investments 5 160 160
476,277 476,277

CURRENT ASSETS
Debtors 6 182,557 35,676
Cash at bank 2,760 352
185,317 36,028
CREDITORS
Amounts falling due within one year 7 (476,377 ) (480,590 )
NET CURRENT LIABILITIES (291,060 ) (444,562 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,217

31,715

CAPITAL AND RESERVES
Called up share capital 72 72
Retained earnings 185,145 31,643
SHAREHOLDERS' FUNDS 185,217 31,715

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)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.

U ENERGY GROUP LIMITED (REGISTERED NUMBER: 13722381)

BALANCE SHEET - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





F S Gohir - Director


U ENERGY GROUP LIMITED (REGISTERED NUMBER: 13722381)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

U Energy Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including other creditors and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

U ENERGY GROUP LIMITED (REGISTERED NUMBER: 13722381)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2023
and 31 March 2024 476,117
NET BOOK VALUE
At 31 March 2024 476,117
At 31 March 2023 476,117

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 160
NET BOOK VALUE
At 31 March 2024 160
At 31 March 2023 160

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 182,557 35,676

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 161 660
Amounts owed to group undertakings 439,450 479,450
Taxation and social security 36,166 -
Other creditors 600 480
476,377 480,590

U ENERGY GROUP LIMITED (REGISTERED NUMBER: 13722381)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

2024 2023
£    £   
F S Gohir
Balance outstanding at start of year 34,912 -
Amounts advanced 148,806 34,912
Amounts repaid (35,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 148,718 34,912

9. RELATED PARTY DISCLOSURES

Loans owing to the company by the directors of £148,718 (2023 - £34,912) were outstanding at the year end, the amounts are repayable on demand. The loan was undertaken under normal market conditions.

Loans owing to U Energy (Yorkshire) Limited of £439,450 (2023 - £479,450) were outstanding at the year end, a company in which U Energy Group Ltd is a majority shareholder. The amounts are repayable on demand.