Company Registration No. 10954828 (England and Wales)
Ubiquity NW Homes Ltd
Amended Unaudited accounts
for the year ended 30 September 2023
Ubiquity NW Homes Ltd
Amended Unaudited accounts
Contents
Ubiquity NW Homes Ltd
Company Information
for the year ended 30 September 2023
Director
Sandeep Singh Gill
Company Number
10954828 (England and Wales)
Registered Office
PO Box 418
Salford
M8 2FE
Accountants
The Peek Partnership Limited
Unit 1, Chancerygate Business Center
Stonefield Way
Ruislip
Middlesex
HA4 0JA
Ubiquity NW Homes Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
2,503,927
2,420,013
Cash at bank and in hand
15,645
29,807
Creditors: amounts falling due within one year
(549,032)
(720,351)
Net current assets/(liabilities)
216,024
(102,105)
Total assets less current liabilities
2,719,951
2,317,908
Creditors: amounts falling due after more than one year
(2,495,514)
(2,177,785)
Provisions for liabilities
Deferred tax
(17,187)
(4,467)
Net assets
207,250
135,656
Called up share capital
1
1
Profit and loss account
207,249
135,655
Shareholders' funds
207,250
135,656
For the year ending 30 September 2023 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.
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 7 February 2025 and were signed on its behalf by
Sandeep Singh Gill
Director
Company Registration No. 10954828
Ubiquity NW Homes Ltd
Notes to the Accounts
for the year ended 30 September 2023
Ubiquity NW Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 10954828. The registered office is PO Box 418, Salford , M8 2FE.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Straight Line 20%
Computer equipment
Straight Line 20%
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Ubiquity NW Homes Ltd
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At valuation
At cost
At cost
At 1 October 2022
2,386,158
32,032
11,828
2,430,018
Additions
-
75,509
-
75,509
Revaluations
32,279
-
-
32,279
At 30 September 2023
2,418,437
107,541
11,828
2,537,806
At 1 October 2022
-
4,375
5,630
10,005
Charge for the year
-
21,508
2,366
23,874
At 30 September 2023
-
25,883
7,996
33,879
At 30 September 2023
2,418,437
81,658
3,832
2,503,927
At 30 September 2022
2,386,158
27,657
6,198
2,420,013
Amounts falling due after more than one year
Other debtors
749,411
588,439
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
46,233
37,571
Other creditors
2,249
15,913
Loans from directors
495,753
662,067
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
2,495,514
2,177,785
8
Transactions with related parties
The director Sandeep Gill , operate a loan account with company which enables it to trade on day to day basis. At the year end the company owed the director £495,753. (2022: £662,067) on this loan account.
The company was under the control of the director, Mr S S Gill, throughout the accounting period.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).