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REGISTERED NUMBER: 10636138 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Ubha Properties Ltd

Ubha Properties Ltd (Registered number: 10636138)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Ubha Properties Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr S C Vij
Mrs A Vij





REGISTERED OFFICE: 46/50 Stocks Street
1st Floor,
Stocks Street
Manchester
M8 8QJ





REGISTERED NUMBER: 10636138 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Ubha Properties Ltd (Registered number: 10636138)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 71,309 95,596
Investment property 5 2,266,957 2,266,957
2,338,266 2,362,553

CURRENT ASSETS
Debtors 6 14,932 55,471
Cash at bank 29,893 11,745
44,825 67,216
CREDITORS
Amounts falling due within one year 7 (53,932 ) (90,408 )
NET CURRENT LIABILITIES (9,107 ) (23,192 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,329,159

2,339,361

CREDITORS
Amounts falling due after more than one
year

8

(672,658

)

(710,063

)

PROVISIONS FOR LIABILITIES (17,827 ) (18,163 )
NET ASSETS 1,638,674 1,611,135

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 298,950 298,950
Retained earnings 1,339,524 1,311,985
1,638,674 1,611,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Ubha Properties Ltd (Registered number: 10636138)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by:





Mr S C Vij - Director


Ubha Properties Ltd (Registered number: 10636138)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Ubha Properties Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Ubha Properties Ltd (Registered number: 10636138)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 117,554 3,883 121,437
DEPRECIATION
At 1 July 2023 23,511 2,330 25,841
Charge for year 23,511 776 24,287
At 30 June 2024 47,022 3,106 50,128
NET BOOK VALUE
At 30 June 2024 70,532 777 71,309
At 30 June 2023 94,043 1,553 95,596

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 2,266,957
NET BOOK VALUE
At 30 June 2024 2,266,957
At 30 June 2023 2,266,957

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2020 (500,270 )
Valuation in 2023 225,000
Cost 2,542,227
2,266,957

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,542,227 2,542,227

The investment property was valued on an open market basis on 30 June 2024 by the director, Mr S C Vij .

Ubha Properties Ltd (Registered number: 10636138)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,012 19,728
Tax - 11,143
Social security and other tax - 528
Prepayment 3,920 19,495
Accrued income - 4,577
14,932 55,471

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 34,972 32,530
Payments on account - 4,577
Trade creditors 1,044 32,207
Tax 5,379 -
Social security and other taxes 695 -
Wages payable 946 -
Pension payable 34 -
VAT 2,634 2,056
Intercompany - 4,569
Deferred income 6,333 12,667
Accrued expenses 1,895 1,802
53,932 90,408

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 563,631 601,036
Other creditors 24,000 24,000
Directors' loan accounts 85,027 85,027
672,658 710,063

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 563,631 601,036

Ubha Properties Ltd (Registered number: 10636138)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
46-50 Stocks Street 395,318 430,289
Alexandra Towers & B602 P Sq 203,285 203,276
598,603 633,565

The mortgages are secured against the properties.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr S C Vij
Balance outstanding at start of year 85,027 29
Amounts advanced - 85,027
Amounts repaid - (29 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 85,027 85,027

11. RELATED PARTY DISCLOSURES

Inntitle Limited

A company in which Mr S C Vij is a director.


During the year ended 30th June 2024, the company repaid £4,569 to Inntitle Limited.

2024 2023
£    £   
Amount due to related party at the balance sheet date - 4,569

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S C Vij.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ubha Properties Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ubha Properties Ltd for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ubha Properties Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ubha Properties Ltd and state those matters that we have agreed to state to the Board of Directors of Ubha Properties Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ubha Properties Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ubha Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ubha Properties Ltd. You consider that Ubha Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ubha Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR


Date: .............................................