Ure Holdings Ltd |
Registered number: 08153779 |
Balance Sheet |
As at 31 December 2024 |
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Notes |
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2024 |
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2023 |
£ |
£ |
Fixed assets |
Investments |
4 |
|
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1,500,500 |
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1,500,400 |
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Current assets |
Debtors |
5 |
|
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5,212,415 |
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5,274,761 |
Cash at bank |
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|
152 |
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|
250 |
Total current assets |
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5,212,567 |
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5,275,011 |
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Creditors: amounts falling due within one year |
6 |
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(5,001) |
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- |
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Net current assets |
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|
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5,207,566 |
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5,275,011 |
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Net assets |
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|
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6,708,066 |
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6,775,411 |
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Capital and reserves |
Share capital |
7 |
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|
400 |
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|
400 |
Retained earnings |
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6,707,666 |
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6,775,011 |
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Shareholders' funds |
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|
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6,708,066 |
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6,775,411 |
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The company has taken the option not to deliver a profit and loss account to the Registrar of Companies. |
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Zafer M Ure |
Director |
Approved by the board on 25 March 2025 |
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Ure Holdings Ltd |
Notes to the Accounts |
For the year ended 31 December 2024 |
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1 |
Company information |
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The company is a private company limited by shares, incorporated in England and registered at 32 Mere View Industrial Estate, Yaxley, Peterborough, PE7 3HS. |
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2 |
Accounting policies |
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2.1 Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the Standard). The company and its subsidiary undertakings comprise a small group. The company has taken advantage of the exemption provided by Section 399(2A) of the Companies Act 2006 not to prepare group accounts. These accounts therefore represent information about the company as an individual undertaking and not about the group which it heads. |
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2.2 Going concern |
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The accounts have been prepared on the going concern basis. Based on a review of the company's forecasts for the following 2 years and the availability of financial resources the directors consider that the company will continue to be able to meet its liabilities as they fall due for at least 12 months from the date of their approval of these accounts. |
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2.3 Functional and presentation currency |
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The company's functional and presentation currency is Pound sterling ("£"). |
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2.4 Investment income |
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Investment income represents dividend income from subsidiary undertakings and other participating interests. |
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2.5 Investments |
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Investments in unlisted subsidiaries and joint ventures are measured at cost less any accumulative impairment losses. A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefit from its activities. A joint venture is an entity in which the company has a long term interest and shares control with others under a contractural arrangement. |
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2.6 Debtors |
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Short term debtors are measured at transaction price less any impairment losses for bad and doubtful debts. Longer term loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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2.7 Creditors |
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Short term creditors are measured at transaction price. Longer term loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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2.8 Taxation |
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Dividend income from investments, which is the company's sole income, is not taxable. |
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2.9 Impairment |
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Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss account unless the asset was carried at a revalued amount, in which case the impairment loss is a revaluation decrease. |
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2.10 Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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2.11 Significant judgements in applying accounting policies |
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No impairment review was carried out as at the balance sheet date in relation to the company's investment in its joint venture on the grounds that it is in early stages of its business and that, in the opinion of the directors, the outlook justifies the current stated cost of the investment. |
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3 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed, including directors |
- |
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- |
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4 |
Investments |
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Subsidiary |
Joint |
undertakings |
venture |
Total |
£ |
£ |
£ |
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Cost |
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At 1 January 2024 |
400 |
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1,500,000 |
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1,500,400 |
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Additions |
100 |
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- |
|
100 |
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At 31 December 2024 |
500 |
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1,500,000 |
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1,500,500 |
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5 |
Debtors |
2024 |
|
2023 |
£ |
£ |
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Amounts owed by group undertakings |
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5,212,415 |
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5,274,761 |
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6 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Other creditors |
5,001 |
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- |
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7 |
Share capital |
2024 |
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2023 |
£ |
£ |
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Allotted, called up and fully paid: |
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100 Ordinary shares of £1 each |
400 |
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400 |
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