Registered number
10661397
UZUM CO PROPERTIES LTD
Filleted Accounts
31 March 2024
UZUM CO PROPERTIES LTD
Registered number: 10661397
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,150,000 1,150,000
Current assets
Debtors 4 4,000 45,000
Cash at bank and in hand 100,126 107,068
104,126 152,068
Creditors: amounts falling due within one year 5 (37,098) (51,764)
Net current assets 67,028 100,304
Total assets less current liabilities 1,217,028 1,250,304
Creditors: amounts falling due after more than one year 6 (431,898) (456,117)
Net assets 785,130 794,187
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 674,481 674,481
Profit and loss account 110,549 119,606
Shareholders' funds 785,130 794,187
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 profit and loss account has not been delivered to the Registrar of Companies.
Mr Erol Uzum
Director
Approved by the board on 28 March 2025
UZUM CO PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. 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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 1,150,000
At 31 March 2024 1,150,000
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 1,150,000
At 31 March 2023 1,150,000
4 Debtors 2024 2023
£ £
Other debtors 4,000 45,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors (137) 3,355
Taxation and social security costs 99 6,335
Other creditors 37,136 42,074
37,098 51,764
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 24,167 34,167
Other creditors 407,731 421,950
431,898 456,117
7 Revaluation reserve 2024 2023
£ £
At 1 April 2023 674,481 674,481
At 31 March 2024 674,481 674,481
8 Other information
UZUM CO PROPERTIES LTD is a private company limited by shares and incorporated in England. Its registered office is:
58 King Edwards Road
Lower Edmonton
London
UK
N9 7RP
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