Company Registration No. 11011054 (England and Wales)
UNINN ABBEY HOUSE HOLDING LIMITED
Unaudited accounts
for the year ended 31 August 2024
UNINN ABBEY HOUSE HOLDING LIMITED
Unaudited accounts
Contents
UNINN ABBEY HOUSE HOLDING LIMITED
Company Information
for the year ended 31 August 2024
Company Number
11011054 (England and Wales)
Registered Office
28 Queens Road
Coventry
England
CV1 3BP
United Kingdom
Accountants
Houde Financial Services Limited
57 Medina Avenue
Surrey
KT10 9TJ
UNINN ABBEY HOUSE HOLDING LIMITED
Statement of financial position
as at 31 August 2024
Investments
1,619,092
1,619,092
Debtors
10,275,446
10,275,446
Creditors: amounts falling due within one year
(2,001,910)
(2,001,910)
Net current assets
8,273,536
8,273,536
Total assets less current liabilities
9,892,628
9,892,628
Creditors: amounts falling due after more than one year
(8,911,850)
(8,911,850)
Net assets
980,778
980,778
Called up share capital
5
5
Share premium
1,985,496
1,985,496
Profit and loss account
(1,004,723)
(1,004,723)
Shareholders' funds
980,778
980,778
For the year ending 31 August 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.
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 26 May 2025 and were signed on its behalf by
Jiangbo Hao
Director
Company Registration No. 11011054
UNINN ABBEY HOUSE HOLDING LIMITED
Notes to the Accounts
for the year ended 31 August 2024
UNINN ABBEY HOUSE HOLDING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11011054. The registered office is 28 Queens Road, Coventry, England, CV1 3BP, United Kingdom.
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.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
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.
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company?s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
UNINN ABBEY HOUSE HOLDING LIMITED
Notes to the Accounts
for the year ended 31 August 2024
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of comprehensive income over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
4
Investments
Subsidiary undertakings
Valuation at 1 September 2023
1,619,092
Valuation at 31 August 2024
1,619,092
Amounts falling due within one year
Other debtors
232,696
232,696
Amounts falling due after more than one year
Amounts due from group undertakings etc.
10,042,750
10,042,750
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
2,000,660
2,000,660
UNINN ABBEY HOUSE HOLDING LIMITED
Notes to the Accounts
for the year ended 31 August 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
8,911,850
8,911,850
Allotted, called up and fully paid:
400 Ordinary A Shares of £0.01 each of £0.01 each
4
4
100 Ordinary B Shares of £0.01 each of £0.01 each
1
1
9
Transactions with related parties
Summary of transactions with entities with directors in common
Amounts owing at the year end:
Mr Tian - (£1,200,660)
Amounts owed at the year end:
Vibe (Abbey House) Limited £10,042,749
The ultimate controlling party is Mr. W. Tian.
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).