REGISTERED NUMBER: 04578513 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

UKAC LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A P Karageorgis

C J Karageorgis

K U Karageorgis

REGISTERED OFFICE:

Global House

303 Ballards Lane

London

N12 8NP

REGISTERED NUMBER:

04578513 (England and Wales)

ACCOUNTANTS:

K J Pittalis and Partners LLP

Chartered Certified Accountants

Global House

303 Ballards Lane

London

N12 8NP

FIXED ASSETS

Investment property

5

2,790,000

2,790,000

CURRENT ASSETS

Debtors

6

18,675

4,933

Cash at bank

255,812

80,817

274,487

85,750

CREDITORS

Amounts falling due within one year

7

(557,546

)

(423,211

)

NET CURRENT LIABILITIES

(283,059

)

(337,461

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,506,941

2,452,539

PROVISIONS FOR LIABILITIES

8

(330,024

)

(330,024

)

NET ASSETS

2,176,917

2,122,515

CAPITAL AND RESERVES

Called up share capital

99

99

Other reserves

990,072

990,072

Retained earnings

1,186,746

1,132,344

SHAREHOLDERS' FUNDS

2,176,917

2,122,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 23 December 2025 and were signed on its behalf by:

K U Karageorgis - Director

1.	STATUTORY INFORMATION

UKAC Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover comprises revenue recognised by the company in respect of rents received and services supplied during the year. Rents are recognised up to the year end date.

The total turnover of the company for the year has been derived from its principal activity wholly undertaken within the UK.

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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Going concern

These accounts have been prepared on a going concern basis on the grounds that the directors and any related entities of the company will not withdraw their support until such a time as the company has funds available to meet its debts and liabilities as and when they fall due.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

2,790,000

NET BOOK VALUE

At 31 March 2025

2,790,000

At 31 March 2024

2,790,000

.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2011

100,000

Valuation in 2014

530,096

Valuation in 2021

690,000

Cost

1,469,904

2,790,000

The fair value of the properties at March 2025 has been arrived at on the basis of a valuation carried out by the directors of the company who are not professionally qualified valuers. The directors believe the values shown in the accounts reflect the market value at at the reporting date. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in the location and takes into account the yield from rentals in the area where the property is situated.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

18,675

-

Other debtors

-

4,933

18,675

4,933

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Amounts owed to related entities

467,834

338,151

Taxation and social security

60,367

55,447

Other creditors

29,345

29,613

557,546

423,211

8.	PROVISIONS FOR LIABILITIES

31/3/25

31/3/24

£

£

Deferred tax

Other timing differences

330,024

330,024

Deferred

tax

£

Balance at 1 April 2024

330,024

Balance at 31 March 2025

330,024

The deferred tax provision as shown above relates to the potential future tax due should the investment properties held by the company be sold. The provision has been calculated based on the difference between the historic cost of the properties and the market value of those properties as at the Balance Sheet date at the expected applicable corporation tax rate of 25%.

9.	RELATED PARTY DISCLOSURES

As at 31 March 2025, the company owed £180,914 (2024: £125,373) to Triptiko Limited, a company under the common control of the directors.

In addition, the company also owed £286,920 (2024: £212,778) to Theta Limited, a company under the common control of the directors.