ACCOUNTS - Final Accounts preparation

Registered number: 16053883

ST ENOCH UH 1 LIMITED

Unaudited

Financial statements

Information for filing with the registrar

For the period ended 31 December 2025

ST ENOCH UH 1 LIMITED

Registered number: 16053883

Balance sheet

As at 31 December 2025

		2025
Note		£

Fixed assets
Investments	3		751,050
			751,050
Current assets
Debtors	4	22,024,804
Cash at bank and in hand	5	287,281
		22,312,085
Creditors: amounts falling due within one year	6	(12,321,147)
Net current assets			9,990,938
Total assets less current liabilities			10,741,988
Creditors: amounts falling due after more than one year			(11,964,799)
Net (liabilities)/assets			(1,222,811)

Capital and reserves
Called up share capital			100
Profit and loss account			(1,222,911)
Shareholders' funds			(1,222,811)

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 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 statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

ST ENOCH UH 1 LIMITED

Registered number: 16053883

Balance sheet (continued)

As at 31 December 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 July 2026.

................................................

D M McCann

Director

The notes on pages 3 to 5 form part of these financial statements.

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ST ENOCH UH 1 LIMITED

Notes to the financial statements

For the period ended 31 December 2025

1.	General information

St Enoch UH 1 Limited is a private company, limited by shares, registered in England and Wales. The Company's registered number is 16053883 and the registered office is 9th Floor, Ship Canal House, Manchester, M2 4WU. The Company's principal activity is that of a holding entity, investing directly or indirectly in real estate.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.3

Finance costs

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.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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ST ENOCH UH 1 LIMITED

Notes to the financial statements

For the period ended 31 December 2025

2.Accounting policies (continued)

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

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.

3.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	751,050
	At 31 December 2025	751,050

Debtors

					2025
					£


	Amounts owed by group undertakings	21,874,238
	Other debtors	150,566
		22,024,804

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ST ENOCH UH 1 LIMITED

Notes to the financial statements

For the period ended 31 December 2025

5.	Cash and cash equivalents
		2025
		£

	Cash at bank and in hand	287,281
		287,281

6.	Creditors: Amounts falling due within one year
		2025
		£

	Amounts owed to group undertakings	11,166,015
	Corporation tax	467,329
	Other creditors	500,000
	Accruals and deferred income	187,803
		12,321,147

7.	Creditors: Amounts falling due after more than one year
		2025
		£

	Debentures loans	11,964,799
		11,964,799

Debentures loans represent amounts owed to Lloyds Bank PLC. This amount is subject to a SONIA linked floating interest rate and is secured against the Company's investment.

Page 5

8.	Related Party Transactions

Included within amounts owed by group undertakings is an amount of £21,402,165 owed by the entity in which the Company holds an investment. These amounts are interest free and repayable on demand. Also included within amounts owed by group undertakings is an amount of £472,073 owed by St Enoch UH 2 Limited, a Company related by common control. These amounts are interest free and repayable on demand.

Included within amounts owed to group undertakings is an amount of £11,166,015 owed to the Company's parent. These amounts are interest free and repayable on demand.