Company Registration No. SC525770 (Scotland)
UKBH LIMITED
Unaudited accounts
for the year ended 31 March 2025
UKBH LIMITED
Unaudited accounts
Contents
UKBH LIMITED
Company Information
for the year ended 31 March 2025
Directors
Mr Zecheng Zhao
Hui Hui Zhu Liang
Company Number
SC525770 (Scotland)
Registered Office
KINNETTLES CASTLE
FORFAR
ANGUS
DD8 1TR
Accountants
J Wong and Co
4 Massey House
85 Hartfield Road
London
SW19 3ES
UKBH LIMITED
Statement of financial position
as at 31 March 2025
Tangible assets
-
10,479,105
Investment property
10,500,000
-
Cash at bank and in hand
279,781
228,224
Creditors: amounts falling due within one year
(10,093,831)
(10,040,375)
Net current liabilities
(9,595,483)
(9,812,151)
Total assets less current liabilities
904,517
666,954
Creditors: amounts falling due after more than one year
(26,000)
(26,000)
Provisions for liabilities
Net assets
872,288
640,954
Called up share capital
100
100
Revaluation reserve
18,687
-
Profit and loss account
853,501
640,854
Shareholders' funds
872,288
640,954
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by
Hui Hui Zhu Liang
Director
Company Registration No. SC525770
UKBH LIMITED
Notes to the Accounts
for the year ended 31 March 2025
UKBH LIMITED is a private company, limited by shares, registered in Scotland, registration number SC525770. The registered office is KINNETTLES CASTLE, FORFAR, ANGUS, DD8 1TR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment properties are initially recognised at cost and subsequently measured at fair value at the reporting date. Changes in fair value are recognised in profit or loss in the period in which they arise.
In accordance with FRS 102, no depreciation is provided on investment properties. This is a departure from the requirements of the Companies Act 2006, which requires all tangible assets to be depreciated. The directors consider that this accounting policy is necessary for the financial statements to give a true and fair view. Depreciation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over 50 years
Plant & machinery
over 5 years
Motor vehicles
over 5 years
Fixtures & fittings
over 5 years
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
UKBH LIMITED
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
10,228,284
690,086
19,995
11,099
10,949,464
Disposals
-
(690,086)
-
-
(690,086)
Transfer to investment property
(10,228,284)
-
-
-
(10,228,284)
At 31 March 2025
-
-
19,995
11,099
31,094
At 1 April 2024
-
443,287
17,993
9,079
470,359
Charge for the year
-
-
2,002
2,020
4,022
On disposals
-
(443,287)
-
-
(443,287)
At 31 March 2025
-
-
19,995
11,099
31,094
At 31 March 2025
-
-
-
-
-
At 31 March 2024
10,228,284
246,799
2,002
2,020
10,479,105
During the year, the company transferred its Land & Buildings and associated Plant & Machinery from Tangible Fixed Assets to Investment Property. The transfer was made at the assets' net book value of £10,475,083 (Cost £10,918,370 less accumulated depreciation £443,287). The directors consider that the property is now held primarily for its investment potential and capital appreciation.
The fair value of the investment properties at 31 March 2025 was determined by the directors. The valuation was arrived at by reference to market evidence of transaction prices for similar properties.
Net gain from fair value adjustments
24,917
At 31 March 2025
10,500,000
During the year, the directors reassessed the classification of the property. Although the property has been rented out previously, the directors have now determined that it meets the definition of Investment Property under FRS 102. Accordingly, the property has been reclassified from Tangible Fixed Assets to Investment Property at its carrying amount. The directors consider this classification provides a more appropriate presentation of the company's financial position.
The fair value of the investment properties at 31 March 2025 was determined by the directors. The valuation was arrived at by reference to market evidence of transaction prices for similar properties.
The company's investment properties are specialised hospitality and estate assets. The directors have adopted a market comparison approach, benchmarking the properties against recent sales of comparable 5-star hotel and exclusive-use venue assets in the St Andrews and Angus regions.
Amounts falling due within one year
UKBH LIMITED
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Loans from directors
10,093,117
10,010,409
8
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
26,000
26,000
9
Transactions with related parties
Transactions with entities under common control
During the year, the company advanced interest-free loans to the following related parties, which are under the common control of the director, Ms H Liang. The loans are unsecured and repayable on demand.
BH Mining & Petroleum (UK) Ltd
At the balance sheet date, the amount due to the company was £36,784.
Summit Benefit Limited
At the balance sheet date, the amount due to the company was £181,783.
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).