REGISTERED NUMBER: 02707619 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

UGS (TAUNTON) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

J Schreiber

SECRETARY:

Mrs. R Niederman

REGISTERED OFFICE:

147 Stamford Hill

London

N16 5LG

REGISTERED NUMBER:

02707619 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

4

3,718

4,957

Investment property

5

1,885,000

1,885,000

1,888,718

1,889,957

CURRENT ASSETS

Debtors

6

1,920,023

28,546

Cash at bank

184,611

88,029

2,104,634

116,575

CREDITORS

Amounts falling due within one year

7

(277,209

)

(105,114

)

NET CURRENT ASSETS

1,827,425

11,461

TOTAL ASSETS LESS CURRENT LIABILITIES

3,716,143

1,901,418

CREDITORS

Amounts falling due after more than one year

8

(1,800,000

)

-

NET ASSETS

1,916,143

1,901,418

CAPITAL AND RESERVES

Called up share capital

9

10,000

10,000

Retained earnings

10

1,906,143

1,891,418

SHAREHOLDERS' FUNDS

1,916,143

1,901,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 16 July 2026 and were signed by:

J Schreiber - Director

1.	STATUTORY INFORMATION

Ugs (Taunton) 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.	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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2025

and 31 March 2026

12,950

DEPRECIATION

At 1 April 2025

7,993

Charge for year

1,239

At 31 March 2026

9,232

NET BOOK VALUE

At 31 March 2026

3,718

At 31 March 2025

4,957

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

1,885,000

NET BOOK VALUE

At 31 March 2026

1,885,000

At 31 March 2025

1,885,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2024

(1,065,000

)

Valuation in 2022

1,472,054

Cost

1,477,946

1,885,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

115,236

10,894

Amounts owed by participating interests

1,787,135

-

Prepayments and accrued income

17,652

17,652

1,920,023

28,546

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

74,671

32,552

Amounts owed to participating interests

103,359

-

Tax

5,075

-

VAT

19,875

8

Other creditors

1,202

1,027

Accrued expenses

73,027

71,527

277,209

105,114

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans more 5 yrs non-inst

1,800,000

-

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,800,000

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

10,000

Ordinary

£1

10,000

10,000

10.

RESERVES

Retained

earnings

£

At 1 April 2025

1,891,418

Profit for the year

14,725

At 31 March 2026

1,906,143

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Midos GC Limited.