REGISTERED NUMBER: 10581275 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

UHOMES.COM UK CO., LTD.

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

DIRECTORS:

J Yin

Ms C Zhang

REGISTERED OFFICE:

4th Floor West

Lincoln House

296-302 High Holborn

London

WC1V 7JH

REGISTERED NUMBER:

10581275 (England and Wales)

AUDITORS:

Johnsons Chartered Accountants

Statutory Auditor

1-2 Craven Road

Ealing

London

W5 2UA

FIXED ASSETS

Tangible assets

4

10,634

12,399

CURRENT ASSETS

Debtors

5

290,256

2,884,870

Cash at bank

351,973

388,303

642,229

3,273,173

CREDITORS

Amounts falling due within one year

6

(187,774

)

(2,874,147

)

NET CURRENT ASSETS

454,455

399,026

TOTAL ASSETS LESS CURRENT LIABILITIES

465,089

411,425

CREDITORS

Amounts falling due after more than one year

7

(5,664

)

(15,916

)

PROVISIONS FOR LIABILITIES

(2,207

)

(2,207

)

NET ASSETS

457,218

393,302

CAPITAL AND RESERVES

Called up share capital

200,000

200,000

Retained earnings

257,218

193,302

SHAREHOLDERS' FUNDS

457,218

393,302

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

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Ms C Zhang - Director

1.	STATUTORY INFORMATION

Uhomes.com Uk Co., Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

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

JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Transfer pricing

Cross charges are received from the parent company to compensate for the group costs borne by Uhomes.com UK Co., Ltd. The calculation of the amount to be received is based on the estimated percentage of net profit. The percentage used in the calculation is supported by a formalised agreement based on tax advice taken.

Bad debts provision

The provision for bad debts, or doubtful debts, is the estimated amount of bad debt that will arise from the receivables not collected. The amount is based on managements best estimate.

TURNOVER

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

The company has 5 streams of turnover. These are:

Referral fees - Fees for referring students to student accommodation or tenants to private properties. Turnover is recognised at the point at which the landlord confirms the booking status.

Service fees - Small handling fees for assisting potential students to complete their bookings with specific requirements.Turnover is recognised on completion of the booking.

Commission fees - Fees for referring students to sale of properties. Turnover is recognised on completion of the sale.

Group-Buy fees - Fees for the purchase of food items on behalf of customers. Turnover is recognised on the collection of the food items by the customer.

Marketplace fees - Fees for the purchase of goods on behalf of customers, turnover is recognised on the collection of these goods by the customer.

TANGIBLE FIXED ASSETS

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings over 5 years

Computers over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

FOREIGN CURRENCIES

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

EMPLOYEE BENEFITS

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

GOING CONCERN

In adopting the going concern basis for preparing the financial statements the directors have considered the business activities as well as the company's principal risks and uncertainties within the company's cash flow forecasts and projections. The company is reliant upon the continued support from group to provide on going cash flow to meet liabilities as they fall due. The company has received a letter of support from these companies which confirms that financial support will continue for a minimum of 12 months from the date of the approval of the company's accounts.

The directors do not consider there to be a material uncertainty, and there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

11,052

18,522

29,574

Additions

-

3,335

3,335

At 31 December 2024

11,052

21,857

32,909

DEPRECIATION

At 1 January 2024

9,992

7,183

17,175

Charge for year

304

4,796

5,100

At 31 December 2024

10,296

11,979

22,275

NET BOOK VALUE

At 31 December 2024

756

9,878

10,634

At 31 December 2023

1,060

11,339

12,399

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,177

29,375

Amounts owed by group undertakings

148,574

2,745,467

Other debtors

140,505

110,028

290,256

2,884,870

During the year, a provision for doubtful debts of £335,132 (2023:£340,967) was recognised in respect of trade debtors.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

9,870

9,870

Trade creditors

537

2,158

Amounts owed to group undertakings

-

2,624,051

Taxation and social security

51,759

51,947

Other creditors

125,608

186,121

187,774

2,874,147

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

5,664

15,916

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

J Stuart Thomson MA CA FCT ATT MCSI (Senior Statutory Auditor)

for and on behalf of Johnsons Chartered Accountants

9.	OPERATING LEASE COMMITMENTS

At the reporting end date the company had outstanding commitments of £272,600 (2023: £192,000) for future minimum lease payments under noncancellable operating leases.

10.	ULTIMATE CONTROLLING PARTY

The parent company of Uhomes.com.Co., UK Ltd (formerly known as Uhouzz London Ltd) is Uhomes International Co. Ltd (formerly known as Uhouzz International Co., Limited) and its registered office is Rm.19c, Lockhart Rd, Wan Chai, Hong Kong, China

No ultimate controlling party has been identified.