United Global Property Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 10889018

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		300,000		300,000

			300,000		300,000
CURRENT ASSETS
Debtors	5	73,600		75,100
Cash at bank and in hand		3,917		2,480

		77,517		77,580
Creditors: Amounts Falling Due Within One Year	6	(113,395 )		(109,966 )

NET CURRENT ASSETS (LIABILITIES)			(35,878 )		(32,386 )

TOTAL ASSETS LESS CURRENT LIABILITIES			264,122		267,614

Creditors: Amounts Falling Due After More Than One Year	7		(232,828 )		(235,577 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(15,080 )		(15,080 )

NET ASSETS			16,214		16,957

CAPITAL AND RESERVES
Called up share capital	9		1		1
Fair value reserve	10		320		320
Profit and Loss Account			15,893		16,636

SHAREHOLDERS' FUNDS			16,214		16,957

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United Global Property Ltd

Balance Sheet (continued)

As At 31 December 2024

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 3 to 4 form part of these financial statements.

1. General Information

United Global Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10889018 . The registered office is Lime Tree Work Shop, 11 Lime Tree Walk, Sevenoaks, Kent, TN13 1YH.

The company is a wholly owned subsidiary of United Global Group Limited. United Global Group Limited is a company incorporated in England & Wales with the following registered office and principal place of business:

Sevenoaks Business Centre, 15 Lime Tree House, 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. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

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

4. Investment Property

	2024
	£
Fair Value
As at 1 January 2024 and 31 December 2024	300,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2024	2023
	£	£
Cost	239,680	239,680

Investment property was valued on an open market basis on 31 December 2024 by the director.

5. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by group undertakings	73,600	75,100

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United Global Property Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Bank loans and overdrafts	6,038	6,034
Amounts owed to group undertakings	106,068	102,643
Other creditors	1,289	1,289

	113,395	109,966

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

	2024	2023
	£	£
Bank loans	232,828	235,577

8. Secured Creditors

Secured against the investment property known as 141 London Road, Dunton Green, Sevenoaks is a fixed charge in favour of Fleet Mortgages.

	2024		2023
	£		£
Bank loans and overdrafts	206,600		203,250

9. Share Capital

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

10. Reserves

	Fair Value Reserve
	£
As at 1 January 2024	320

As at 31 December 2024	320

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