Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-09-01falseThe principal activity of the company during the year to be that of property dealing, property development and property management.11truetrue 04231191 2023-09-01 2024-08-31 04231191 2022-09-01 2023-08-31 04231191 2024-08-31 04231191 2023-08-31 04231191 c:CompanySecretary1 2023-09-01 2024-08-31 04231191 c:Director1 2023-09-01 2024-08-31 04231191 c:RegisteredOffice 2023-09-01 2024-08-31 04231191 d:CurrentFinancialInstruments 2024-08-31 04231191 d:CurrentFinancialInstruments 2023-08-31 04231191 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 04231191 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 04231191 d:ShareCapital 2024-08-31 04231191 d:ShareCapital 2023-08-31 04231191 d:RetainedEarningsAccumulatedLosses 2024-08-31 04231191 d:RetainedEarningsAccumulatedLosses 2023-08-31 04231191 c:OrdinaryShareClass1 2023-09-01 2024-08-31 04231191 c:OrdinaryShareClass1 2024-08-31 04231191 c:OrdinaryShareClass1 2023-08-31 04231191 c:FRS102 2023-09-01 2024-08-31 04231191 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04231191 c:FullAccounts 2023-09-01 2024-08-31 04231191 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04231191 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04231191









UNIVERSAL CONSOLIDATED DEVELOPMENTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
UNIVERSAL CONSOLIDATED DEVELOPMENTS LIMITED
 

COMPANY INFORMATION


DIRECTOR
P J M Williams 




COMPANY SECRETARY
P J M Williams



REGISTERED NUMBER
04231191



REGISTERED OFFICE
26-28 Neal Street

London

WC2H 9QQ




TRADING ADDRESS
26-28 Neal Street

London

WC2H 9QQ






ACCOUNTANTS
Price Bailey LLP
Chartered Accountants

24 Old Bond Street

London

W1S 4AP





 
UNIVERSAL CONSOLIDATED DEVELOPMENTS LIMITED
 

CONTENTS



Page
Balance Sheet
 
 
1
Notes to the Financial Statements
 
 
2 - 4


 
UNIVERSAL CONSOLIDATED DEVELOPMENTS LIMITED
REGISTERED NUMBER: 04231191

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Current assets
  

Cash at bank and in hand
  
1,235
2,785

  
1,235
2,785

Creditors: amounts falling due within one year
 4 
(140,297)
(140,287)

Net current liabilities
  
 
 
(139,062)
 
 
(137,502)

Net liabilities
  
(139,062)
(137,502)


Capital and reserves
  

Called up share capital 
 5 
100
100

Profit and loss account
  
(139,162)
(137,602)

  
(139,062)
(137,502)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



P J M Williams
Director
Date: 6 March 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
UNIVERSAL CONSOLIDATED DEVELOPMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


GENERAL INFORMATION

Universal Consolidated Developments Limited is a private company, limited by shares, incorporated in England and Wales. The address of its registered office is 26-28 Neal Street, London WC2H 9QQ. 
The functional and presentational currency of the company is considered to be pounds sterling (£).

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operation for the foreseeable future. The parent company, Universal Consolidated Group Limited, has confirmed that it will continue to maintain its financial support of the company, by deferment of the amounts due to it or by other means.
The director is therefore satisfied that the company will have sufficient resources to enable it to continue its normal activities for the foreseeable future, and that it is therefore appropriate to prepare the financial statements on a going concern basis.

 
2.3

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

Page 2

 
UNIVERSAL CONSOLIDATED DEVELOPMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.3
FINANCIAL INSTRUMENTS (continued)

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
138,687
138,687

Accruals and deferred income
1,610
1,600

140,297
140,287


Page 3

 
UNIVERSAL CONSOLIDATED DEVELOPMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


SHARE CAPITAL

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



6.


RELATED PARTY TRANSACTIONS

The company has taken advantage of the exemption afforded by FRS 102 not to disclose transactions or balances with other wholly owned members of the group.


7.


PARENT UNDERTAKING

The immediate parent company is Universal Consolidated Group Limited, a company registered in England and Wales. The address of its registered office is 26-28 Neal Street, London, WC2H 9QQ.
The ultimate parent company is Universal Consolidated Group Holdings Limited, a company registered in England and Wales. 

Page 4