Company Registration No. 10954828 (England and Wales)
Ubiquity NW Homes Ltd
Amended Unaudited accounts
for the year ended 30 September 2024
Ubiquity NW Homes Ltd
Amended Unaudited accounts
Contents
Ubiquity NW Homes Ltd
Company Information
for the year ended 30 September 2024
Director
Sandeep Singh Gill
Company Number
10954828 (England and Wales)
Registered Office
PO Box 418
Salford
M8 2FE
Accountants
The Peek Partnership Limited
Unit 1, Chancerygate Business Center
Stonefield Way
Ruislip
Middlesex
HA4 0JA
Ubiquity NW Homes Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
2,499,506
2,503,927
Cash at bank and in hand
84,490
15,645
Creditors: amounts falling due within one year
(509,838)
(549,032)
Net current assets
471,213
216,024
Total assets less current liabilities
2,970,719
2,719,951
Creditors: amounts falling due after more than one year
(2,738,153)
(2,495,514)
Provisions for liabilities
Deferred tax
(18,852)
(17,187)
Net assets
213,714
207,250
Called up share capital
1
1
Profit and loss account
213,713
207,249
Shareholders' funds
213,714
207,250
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 March 2025 and were signed on its behalf by
Sandeep Singh Gill
Director
Company Registration No. 10954828
Ubiquity NW Homes Ltd
Notes to the Accounts
for the year ended 30 September 2024
Ubiquity NW Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 10954828. The registered office is PO Box 418, Salford , M8 2FE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Straight Line 20%
Computer equipment
Straight Line 20%
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Total
At 1 October 2023
2,537,806
At 30 September 2024
2,562,122
Charge for the year
28,737
At 30 September 2024
62,616
At 30 September 2024
2,499,506
At 30 September 2023
2,503,927
Ubiquity NW Homes Ltd
Notes to the Accounts
for the year ended 30 September 2024
5
Transactions with related parties
The director Sandeep Gill , operate a loan account with company which enables it to trade on day to day basis. At the year end the company owed the director £445,024. (2023: £495,753) on this loan account. Dividend amounting £39,000(2022: £22,500) release to shareholder Mr Gill during the financial year.
The company was under the control of the director, Mr S S Gill, throughout the accounting period.
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).