Registered number
11806930
UCN HOLDINGS LIMITED
Unaudited Filleted Accounts
31 August 2024
UCN HOLDINGS LIMITED
Registered number: 11806930
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 100 100
Current assets
Debtors 4 50,152 72,921
Creditors: amounts falling due within one year 5 (24) 50,128 (25) 72,896
Net assets 50,228 72,996
Capital and reserves
Called up share capital 103 100
Profit and loss account 50,125 72,896
Shareholders' funds 50,228 72,996
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.
T Seaman
Director
Approved by the board on 27 November 2024
UCN HOLDINGS LIMITED
Notes to the Accounts
for the year ended 31 August 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). The company and its subsidiary comprise a small group and the company has taken advantage of the exemption provided by s.398 of the Companies Act 2006 not to prepare group accounts. The financial statements therefore present information about the company as an individual undertaking and not about its group.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 September 2023 100
At 31 August 2024 100
The company holds 100% of the ordinary share captal of Undercurrent News Limited a private limited company registered in the United Kingdom. The aggregate amount of share capital and reserves of Undercurrent News Limited as at 31st August 2024 was £48,235 (2023 £38,443) and the profit for the year ended on that date was £ 59,792 (2023 profit £123,183).
4 Debtors 2024 2023
£ £
Other debtors due from subsidiary company 50,152 72,921
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 24 25
6 Share capital 2024 2023
£ £
Ordinary shares of 1p 100 100
Ordinary shares of 1p redeemed - (52)
Bonus issue ordinary 1p shares - 52
B Ordinary shares of 1p 3 -
103 100
7 Controlling party
The company has is controlled by T Seaman owning in excess of 75% of the issued share capital.
8 Other information
UCN HOLDINGS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
1 Sudley Terrace
High Street
Bognor Regis
West Sussex
PO21 1EY
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