United Global Homes Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 10515548

		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	712,396		783,708
Debtors	5	18,249		35,353
Cash at bank and in hand		11,423		213

		742,068		819,274
Creditors: Amounts Falling Due Within One Year	6	(359,270 )		(266,322 )

NET CURRENT ASSETS (LIABILITIES)			382,798		552,952

TOTAL ASSETS LESS CURRENT LIABILITIES			382,798		552,952

Creditors: Amounts Falling Due After More Than One Year	7		(721,189 )		(698,818 )

NET LIABILITIES			(338,391 )		(145,866 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			(338,392 )		(145,867 )

SHAREHOLDERS' FUNDS			(338,391)		(145,866)

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Michael Martins

Director

15/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

United Global Homes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10515548 . The registered office is Lime Tree Work Shop, 11 Lime Tree Work Walk, Sevenoaks, Kent, TN13 1YH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Stocks

	2024	2023
	£	£
Work in progress	712,396	783,708

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	-	3,668
Amounts owed by group undertakings	2,108	21,058
Other debtors	16,141	10,627

	18,249	35,353

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United Global Homes Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	1,118	-
Bank loans and overdrafts	6,844	6,035
Other creditors	351,308	260,287

	359,270	266,322

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	25,420	32,325
Amounts owed to group undertakings	695,769	666,493

	721,189	698,818

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

9. Going Concern

The company has a balance sheet deficit as at 31 December 2024. However, most of the long term funding for the company is by way of group company loans. The group companies have made a commitment not to seek repayment of the loans withing the foreseeable future. The director is confident the company will trade out of its current position and therefore believes it to be necessary and appropriate to prepare these accounts on a going concern basis.

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