Universal Development Hampshire Ltd 09694914 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is refurbishment to property. Digita Accounts Production Advanced 6.30.9574.0 true true 09694914 2023-08-01 2024-07-31 09694914 2024-07-31 09694914 bus:Director1 1 2024-07-31 09694914 bus:Director2 1 2024-07-31 09694914 bus:OrdinaryShareClass1 2024-07-31 09694914 core:RetainedEarningsAccumulatedLosses 2024-07-31 09694914 core:ShareCapital 2024-07-31 09694914 core:CurrentFinancialInstruments 2024-07-31 09694914 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 09694914 core:OfficeEquipment 2024-07-31 09694914 core:PlantMachinery 2024-07-31 09694914 bus:SmallEntities 2023-08-01 2024-07-31 09694914 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 09694914 bus:FilletedAccounts 2023-08-01 2024-07-31 09694914 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09694914 bus:RegisteredOffice 2023-08-01 2024-07-31 09694914 bus:Director1 2023-08-01 2024-07-31 09694914 bus:Director1 1 2023-08-01 2024-07-31 09694914 bus:Director2 2023-08-01 2024-07-31 09694914 bus:Director2 1 2023-08-01 2024-07-31 09694914 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 09694914 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09694914 core:OfficeEquipment 2023-08-01 2024-07-31 09694914 core:OtherPropertyPlantEquipment 2023-08-01 2024-07-31 09694914 core:PlantMachinery 2023-08-01 2024-07-31 09694914 countries:England 2023-08-01 2024-07-31 09694914 2023-07-31 09694914 bus:Director1 1 2023-07-31 09694914 bus:Director2 1 2023-07-31 09694914 core:OfficeEquipment 2023-07-31 09694914 core:PlantMachinery 2023-07-31 09694914 2022-08-01 2023-07-31 09694914 2023-07-31 09694914 bus:OrdinaryShareClass1 2023-07-31 09694914 core:RetainedEarningsAccumulatedLosses 2023-07-31 09694914 core:ShareCapital 2023-07-31 09694914 core:CurrentFinancialInstruments 2023-07-31 09694914 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 09694914 core:OfficeEquipment 2023-07-31 09694914 core:PlantMachinery 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09694914

Universal Development Hampshire Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Universal Development Hampshire Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Universal Development Hampshire Ltd

(Registration number: 09694914)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

449

842

Current assets

 

Debtors

5

14,456

12,115

Cash at bank and in hand

 

25,473

33,713

 

39,929

45,828

Creditors: Amounts falling due within one year

6

(39,861)

(34,254)

Net current assets

 

68

11,574

Net assets

 

517

12,416

Capital and reserves

 

Called up share capital

7

50

50

Retained earnings

467

12,366

Shareholders' funds

 

517

12,416

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 January 2025 and signed on its behalf by:
 

.........................................
Mr P Walsh
Director

.........................................
Mrs S Walsh
Director

 
     
 

Universal Development Hampshire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 4G
Oakland Office Park
Aerodrome Road
Gosport
Hampshire
PO13 0GY
UK

The principal place of business is:
28 Privett Road
Gosport
Hampshire
PO12 3SU
England

These financial statements were authorised for issue by the Board on 2 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of VAT.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Universal Development Hampshire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line

Plant and machinery

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Universal Development Hampshire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 3).

4

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 August 2023

1,372

2,021

3,393

At 31 July 2024

1,372

2,021

3,393

Depreciation

At 1 August 2023

964

1,587

2,551

Charge for the year

133

260

393

At 31 July 2024

1,097

1,847

2,944

Carrying amount

At 31 July 2024

275

174

449

At 31 July 2023

408

434

842

5

Debtors

Current

2024
£

2023
£

Trade debtors

1,568

12,115

Other debtors

12,888

-

 

14,456

12,115

 

Universal Development Hampshire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

2,282

-

Taxation and social security

33,883

30,735

Accruals and deferred income

534

515

Other creditors

3,162

3,004

39,861

34,254

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £25 each

2

50

2

50

       

8

Related party transactions

Transactions with directors

2024

At 1 August 2023
£

Advances to director
£

At 31 July 2024
£

Mr P Walsh

Interest free and repayable on demand

-

4,808

4,808

Mrs S Walsh

Interest free and repayable on demand

-

4,808

4,808