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UNITED PROPERTY DEVELOPMENTS LTD

Registered Number
10893666
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

UNITED PROPERTY DEVELOPMENTS LTD
Company Information
for the year from 1 December 2023 to 30 November 2024

Directors

Kavita Kohli
Ricky Kohli

Registered Address

213b Western Way
Ponteland
Newcastle Upon Tyne
NE20 9ND

Registered Number

10893666 (England and Wales)
UNITED PROPERTY DEVELOPMENTS LTD
Statement of Financial Position
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3594,295593,869
Investments4217,911217,911
812,206811,780
Current assets
Debtors58,29511,792
Cash at bank and on hand1,7671,406
10,06213,198
Creditors amounts falling due within one year6(614,723)(607,728)
Net current assets (liabilities)(604,661)(594,530)
Total assets less current liabilities207,545217,250
Creditors amounts falling due after one year7(206,389)(215,545)
Net assets1,1561,705
Capital and reserves
Called up share capital1,0001,000
Profit and loss account156705
Shareholders' funds1,1561,705
The financial statements were approved and authorised for issue by the Board of Directors on 22 August 2025, and are signed on its behalf by:
Ricky Kohli
Director
Registered Company No. 10893666
UNITED PROPERTY DEVELOPMENTS LTD
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
The turnover shown in the statement of income and retained earnings represents rents receivable during the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.
Investment property
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Land & buildings

Office Equipment

Total

£££
Cost or valuation
At 01 December 23592,8362,585595,421
Additions-714714
At 30 November 24592,8363,299596,135
Depreciation and impairment
At 01 December 23-1,5521,552
Charge for year-288288
At 30 November 24-1,8401,840
Net book value
At 30 November 24592,8361,459594,295
At 30 November 23592,8361,033593,869
The properties were reviewed by the directors at 30 November 2024, who consider the carrying value to be a reasonable estimate of fair value at year end.
4.Fixed asset investments
The investment represents the purchase of 50% of the ordinary share capital of Ark Property Developments Ltd, an unquoted company registered in England and Wales.

Investments in groups1

Total

££
Cost or valuation
At 01 December 23217,911217,911
At 30 November 24217,911217,911
Net book value
At 30 November 24217,911217,911
At 30 November 23217,911217,911

Notes

1Investments in group undertakings and participating interests
5.Debtors: amounts due within one year

2024

2023

££
Other debtors2,3094,058
Prepayments and accrued income5,9867,734
Total8,29511,792
Short term debtors include an amount of £2,309 due from the directors (2023: £4,058 due from the directors). This overdrawn director's loan account was repaid in full by 20/08/2025.
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,2961,020
Bank borrowings and overdrafts21,68116,007
Taxation and social security-94
Other creditors590,277589,249
Accrued liabilities and deferred income1,4691,358
Total614,723607,728
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Other creditors include loans of £590,277 (2023: £589,249) which are repayable on demand and attract no interest. Bank loans of £228,070 are secured on the land and building assets referred to in note 3, tangible fixed assets. £21,681 of this loan is included in short term creditors.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts206,389215,545
Total206,389215,545
Bank loans of £228,070 are secured on the land and building assets referred to in note 3, tangible fixed assets. £206,389 of this loan is included in creditors after one year.