UF Property Limited 10832552 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is that of buying and selling of own real estate. Digita Accounts Production Advanced 6.30.9574.0 true 10832552 2023-07-01 2024-06-30 10832552 2024-06-30 10832552 bus:OrdinaryShareClass1 2024-06-30 10832552 core:RetainedEarningsAccumulatedLosses 2024-06-30 10832552 core:ShareCapital 2024-06-30 10832552 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 10832552 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 10832552 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-30 10832552 bus:SmallEntities 2023-07-01 2024-06-30 10832552 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 10832552 bus:AbridgedAccounts 2023-07-01 2024-06-30 10832552 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10832552 bus:RegisteredOffice 2023-07-01 2024-06-30 10832552 bus:Director1 2023-07-01 2024-06-30 10832552 bus:Director2 2023-07-01 2024-06-30 10832552 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 10832552 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10832552 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10832552 countries:AllCountries 2023-07-01 2024-06-30 10832552 2023-06-30 10832552 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 10832552 2022-07-01 2023-06-30 10832552 2023-06-30 10832552 bus:OrdinaryShareClass1 2023-06-30 10832552 core:RetainedEarningsAccumulatedLosses 2023-06-30 10832552 core:ShareCapital 2023-06-30 10832552 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 10832552 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 10832552 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10832552

UF Property Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 June 2024

 

UF Property Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 5

 

UF Property Limited

Company Information

Directors

S Budhdeo

B Budhdeo

Registered office

Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

Accountants

Ross + Partners
Chartered Certified Accountants
Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

 

UF Property Limited

(Registration number: 10832552)
Abridged Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

1,073,934

855,792

Current assets

 

Cash at bank and in hand

 

17,028

112,231

Creditors: Amounts falling due within one year

(460,826)

(489,644)

Net current liabilities

 

(443,798)

(377,413)

Total assets less current liabilities

 

630,136

478,379

Creditors: Amounts falling due after more than one year

(715,009)

(573,259)

Net liabilities

 

(84,873)

(94,880)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(84,875)

(94,882)

Shareholders' deficit

 

(84,873)

(94,880)

For the financial year ending 30 June 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.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 11 March 2025 and signed on its behalf by:
 

 

UF Property Limited

(Registration number: 10832552)
Abridged Balance Sheet as at 30 June 2024

.........................................
S Budhdeo
Director

   
     
 

UF Property Limited

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

1

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 abridged 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 abridged 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

UF Property Limited

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

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 July 2023

855,792

855,792

Additions

218,142

218,142

At 30 June 2024

1,073,934

1,073,934

Depreciation

Carrying amount

At 30 June 2024

1,073,934

1,073,934

At 30 June 2023

855,792

855,792

Included within the net book value of land and buildings above is £1,073,934 in respect of a freehold investment property, which is valued at cost. The property was purchased on 31 August 2017.

4

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share capital of £1 each

2

2

2

2