Registered number
06581333
UKPI (GATWICK HOUSE) LTD
Filleted Accounts
31 August 2024
UKPI (GATWICK HOUSE) LTD
Registered number: 06581333
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Investment Property 3 1,399,908 1,399,908
Current assets
Debtors 4 10 9,013
Cash at bank and in hand - 372
10 9,385
Creditors: amounts falling due within one year 5 (931,403) (571,200)
Net current liabilities (931,393) (561,815)
Total assets less current liabilities 468,515 838,093
Creditors: amounts falling due after more than one year 6 - (369,578)
Provisions for liabilities (13,785) (13,785)
Net assets 454,730 454,730
Capital and reserves
Called up share capital 10 10
Profit and loss account 454,720 454,720
Shareholders' funds 454,730 454,730
The director is 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 director acknowledges his 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.
Mary Ellis
Director
Approved by the board on 31 May 2025
UKPI (GATWICK HOUSE) LTD
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).
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Investment property
Investment property is shown at most recent valuation, any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Fair Value
At 1 September 2023 1,399,908
At 31 August 2024 1,399,908
Historical cost
At 1 September 2023 1,318,908
At 31 August 2024 1,318,908
4 Debtors 2024 2023
£ £
Trade debtors - 9,003
Other debtors 10 10
10 9,013
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 56,566
Taxation and social security costs 39,095 39,095
Other creditors 892,308 475,539
931,403 571,200
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 369,578
7 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years - 241,119
Secured bank loans - 443,729
The bank loan is secured against the investment property.
8 Other information
UKPI (GATWICK HOUSE) LTD is a private company limited by shares and incorporated in England. Its registered office is:
Ivy Court Stonehall Common
Kempsey
Worcester
WR5 3QQ
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