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REGISTERED NUMBER: 06489918 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

UG CARE LIMITED

UG CARE LIMITED (Registered number: 06489918)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UG CARE LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTORS: R. B. GUANZON ESQ.
B. UBHEE ESQ.





SECRETARY: MRS. S. J. GUANZON





REGISTERED OFFICE: 31 CHEQUERS DRIVE
HORLEY
SURREY
RH6 8DR





REGISTERED NUMBER: 06489918 (England and Wales)





ACCOUNTANTS: RMS & CO
CHARTERED CERTIFIED ACCOUNTANTS
31 CHEQUERS DRIVE
HORLEY
SURREY
RH6 8DR

UG CARE LIMITED (Registered number: 06489918)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - 12,704
Tangible assets 5 507,151 508,759
507,151 521,463

CURRENT ASSETS
Debtors 6 18,120 16,840
Cash at bank and in hand 21,603 28,683
39,723 45,523
CREDITORS
Amounts falling due within one year 7 140,198 127,502
NET CURRENT LIABILITIES (100,475 ) (81,979 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

406,676

439,484

CREDITORS
Amounts falling due after more than
one year

8

(255,975

)

(277,169

)

PROVISIONS FOR LIABILITIES 10 (101 ) (406 )
NET ASSETS 150,600 161,909

UG CARE LIMITED (Registered number: 06489918)

Balance Sheet - continued
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 150,500 161,809
SHAREHOLDERS' FUNDS 150,600 161,909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by:





R. B. GUANZON ESQ. - Director


UG CARE LIMITED (Registered number: 06489918)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

UG CARE LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents fees receivable, exempt of value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


UG CARE LIMITED (Registered number: 06489918)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 190,000
AMORTISATION
At 1 August 2023 177,296
Amortisation for year 12,704
At 31 July 2024 190,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 12,704

UG CARE LIMITED (Registered number: 06489918)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 506,620 28,800 20,812 556,232
DEPRECIATION
At 1 August 2023 - 28,440 19,033 47,473
Charge for year - 360 1,248 1,608
At 31 July 2024 - 28,800 20,281 49,081
NET BOOK VALUE
At 31 July 2024 506,620 - 531 507,151
At 31 July 2023 506,620 360 1,779 508,759

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.7.24 31.7.23
£    £   
Other debtors 18,120 16,840

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 39,458 39,458
Taxation and social security 15,619 9,595
Other creditors 85,121 78,449
140,198 127,502

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 255,975 277,169

UG CARE LIMITED (Registered number: 06489918)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.7.24 31.7.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 58,685 79,879

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 295,433 316,627

The security for the loans is as follows:

1. an unlimited debenture from UG Care Limited.
2. a first legal charge from UG Care Limited over the freehold land and buildings known as
The Old Vicarage, Ford Street, Wigmore, HR6 9UW.
3. an all moneys joint and several guarantee from Romani & Joy Guanzon, the director
and shareholder of the company, for a principal amount of £150,000 plus interest and
other costs as detailed in the guarantee and in respect of the debts and liabilities to
the Bank, and
4. an all moneys joint and several guarantee from Bissessur & Aileen Ubhee, the director and
shareholder of the company, for a principal amount of £150,000 plus interest and
other costs as detailed in the guarantee and in respect of the debts and liabilities to
the Bank.

10. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 101 406

Deferred
tax
£   
Balance at 1 August 2023 406
Provided during year (305 )
Balance at 31 July 2024 101

UG CARE LIMITED (Registered number: 06489918)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 ORDINARY £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 August 2023 161,809
Deficit for the year (11,309 )
At 31 July 2024 150,500

13. RELATED PARTY DISCLOSURES

The company operates a current account with its Directors. The loan is interest free with no
fixed repayment terms and are included in other creditors. The balance owed to Mr Ubhee and Mr Guanzon at the year end was £63,009 (2023 - £66,709) and the maximum balance during the year was £66,709.