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Registered number: 15452780










41UG RESIDENTIAL INVESTMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
41UG RESIDENTIAL INVESTMENTS LIMITED
REGISTERED NUMBER: 15452780

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
£

  

Current assets
  

Stocks
  
40,748,302

Debtors: amounts falling due within one year
  
188,021

Cash at bank and in hand
  
84,015

  
41,020,338

Creditors: amounts falling due within one year
  
(336,148)

Net current assets
  
 
 
40,684,190

Total assets less current liabilities
  
40,684,190

Creditors: amounts falling due after more than one year
  
(41,087,358)

  

Net (liabilities)/assets
  
(403,168)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(403,268)

  
(403,168)


Page 1

 
41UG RESIDENTIAL INVESTMENTS LIMITED
REGISTERED NUMBER: 15452780
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 July 2025.




B M Williams
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
41UG RESIDENTIAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

41UG Residential Investments Limited is a private company, limited by shares, incorporated in England and Wales, registered number 15452780. Its registered office is 104a Park Street, London, England, W1K 6NG. 
The company was incorporated on the 30 January 2024 and presents its first period of accounts to 31 December 2024.
The financial statements are rounded to the nearest pound sterling. 
The significant accounting policies applied in the presentation of these financial statements are set out below.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis which is dependent on the
continued financial support of the Company's creditors.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
41UG RESIDENTIAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including the Director, during the period was as follows:


     Period ended
     31 December
        2024
            No.






Director
1

Page 4

 
41UG RESIDENTIAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

4.


Stocks

2024
£

Finished goods and goods for resale
40,748,302

40,748,302



5.


Debtors

2024
£


Amounts owed by group undertakings
19,772

Other debtors
74,836

Prepayments and accrued income
93,413

188,021



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
84,015

84,015



7.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
244,799

Accruals and deferred income
91,349

336,148


Page 5

 
41UG RESIDENTIAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

8.


Creditors: Amounts falling due after more than one year

2024
£

Amounts owed to group undertakings
41,087,358

41,087,358



9.


Related party transactions

Transactions with fellow group companies have not been disclosed in accordance with FRS 102 1a.
Amounts owed to group undertakings are shown in note 8.


10.


Controlling party

The Company's parent undertaking is 41UG Holdco 1 Limited (formerly North Wind Capital Limited), a company incorporated in England and Wales. The Company's ultimate controlling party is the Director.

 
Page 6