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Registered number: 15924298
UBDS BIDCO LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE 15-MONTH PERIOD ENDED 30 NOVEMBER 2025
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UBDS BIDCO LTD
REGISTERED NUMBER:15924298
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BALANCE SHEET
AS AT 30 NOVEMBER 2025
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Debtors: amounts falling due after more than one year
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Creditors: amounts falling due within one year
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The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the 15-month period in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 2 to 5 form part of these financial statements.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15-MONTH PERIOD ENDED 30 NOVEMBER 2025
UBDS Bidco Ltd (the Company) is a private company, limited by shares, incorporated on 29 August 2024 in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Level 1 Brockbourne House, 77 Mount Ephraim, Kent, England, TN4 8BS.
The principal activity of the Company during the year was that of a holding company. The Company does not carry out any trading activities in its own right.
The Company's functional and presentational currency is GBP.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The ultimate parent undertakings, Inspirus Capital Management Limited, has provided a guarantee over the liabilities of the Company under section 479C of the Companies Act 2006 such that the Company can claim exemption from audit under section 479A.
The following principal accounting policies have been applied:
The financial statements have been prepared on a going concern basis. The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Investments in subsidiaries are measured at cost less accumulated impairment.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15-MONTH PERIOD ENDED 30 NOVEMBER 2025
2.Accounting policies (continued)
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Impairment of non-financial assets
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At each balance sheet date, the Company's investments are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (cash-generating units). If there is an indication of possible impairment, the recoverable amount of any affected asset (or group of related assets) is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
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The average monthly number of employees, including directors, during the period was 3.
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Investments in subsidiary companies
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15-MONTH PERIOD ENDED 30 NOVEMBER 2025
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The following was a subsidiary undertaking of the Company:
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Level 1 Brockbourne House, 77 Mount Ephraim, Tunbridge Wells, Kent, England, TN4 8BS.
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Information technology consultancy activities
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Due after more than one year
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Amounts owed by subsidiary
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Amounts owed by the subsidiary are unsecured and repayable on demand.
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Creditors: amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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Amounts owed to group undertakings are unsecured and repayable on demand.
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Related party transactions
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At the balance sheet date the amount due to the Company in relation to intercompany loan was £748,046. The total loan received during the year was £3,068,079 and interest recognised in relation to this loan was £36,928.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15-MONTH PERIOD ENDED 30 NOVEMBER 2025
The immediate parent undertaking is UBDS Group Holdings Limited, a company registered in England and Wales.
The ultimate parent undertaking is Inspirus Capital Management Limited, a company registered in England and Wales.
The smallest group of undertakings for which group accounts for the year ending 30 November 2025 have been drawn up, is that headed by UBDS Group Holdings Limited. The registered office address of UBDS Group Holdings Limited is Level 1 Brockbourne House, 77 Mount Ephraim, Tunbridge Wells, Kent, England, TN4 8BS. The largest group of undertakings for which group accounts for the year ending 30 November 2025 have been drawn up, is that headed by Inspirus Capital Management Limited. The registered office address of Inspirus Capital Management Limited is Coachworks, 9-10 Charlotte Mews, London, Greater London, England, W1T 4EF.
The ultimate controlling party is D Patel, by virtue of their shareholding and directorship in the ultimate parent undertaking.
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