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Registered number: 14332614










UNIVERSAL CONSOLIDATED GROUP HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
UNIVERSAL CONSOLIDATED GROUP HOLDINGS LIMITED
REGISTERED NUMBER: 14332614

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
55,774,735
55,774,735

Debtors: amounts falling due within one year
 5 
1,365,096
-

  
1,365,096
-

Creditors: amounts falling due within one year
 6 
(570,730)
-

Net current assets
  
 
 
794,366
 
 
-

Net assets
  
56,569,101
55,774,735


Capital and reserves
  

Called up share capital 
 7 
55,774,735
55,774,735

Profit and loss account
  
794,366
-

  
56,569,101
55,774,735


The directors consider 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 directors acknowledge their 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 profit and loss account 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: 10 March 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 1

 
UNIVERSAL CONSOLIDATED GROUP HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024


Called up share capital
Profit and loss account
Total equity

£
£
£



Profit for the period
-
740,000
740,000

Dividends: Equity capital
-
(740,000)
(740,000)

Shares issued during the period
70,482,178
-
70,482,178

Shares cancelled during the period
(14,707,443)
-
(14,707,443)



At 1 September 2023
55,774,735
-
55,774,735



Profit for the year
-
1,894,366
1,894,366

Dividends: Equity capital
-
(1,100,000)
(1,100,000)


At 31 August 2024
55,774,735
794,366
56,569,101


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
UNIVERSAL CONSOLIDATED GROUP HOLDINGS LIMITED
 

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

1.


General information

Universal Consolidated Group Holdings Limited is a private company, limited by shares, and is incorporated in England and Wales. The address of its registered office is 26-28 Neal Street, London, WC2H 9QQ. 
The financial statements are presented in sterling which is the functional currency of the company.

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

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 3

 
UNIVERSAL CONSOLIDATED GROUP HOLDINGS LIMITED
 

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

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 September 2023
70,482,178



At 31 August 2024

70,482,178



Impairment


At 1 September 2023
14,707,443



At 31 August 2024

14,707,443



Net book value



At 31 August 2024
55,774,735


Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Class of shares

Holding

Universal Consolidated Group Limited
Ordinary
100%


5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
1,365,096
-

1,365,096
-


Page 4

 
UNIVERSAL CONSOLIDATED GROUP HOLDINGS LIMITED
 

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

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
567,896
-

Accruals and deferred income
2,834
-

570,730
-



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



55,774,735 (2023 - 55,774,735) Ordinary Y shares of £1.00 each
55,774,735
55,774,735



8.


Related party transactions

The amount due to the director of the company at the year end was £64,999 (2023 - £Nil). The loan is interest free and repayable on demand.


Page 5