Registration number: 14655742

UC Partners Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

UC Partners Ltd

Company Information

Directors

A Miller L Taylor H Miller J Taylor

Registered office

14D Ipark Innovation Drive Hull HU5 1SG

UC Partners Ltd

(Registration number: 14655742)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	68,173	76,460
Tangible assets	5	51,256	25,278
		119,429	101,738
Current assets
Stocks	6	15,606	5,462
Debtors	7	51,070	36,340
Cash at bank and in hand		137,466	61,785
		204,142	103,587
Creditors: Amounts falling due within one year	8	(236,515)	(155,683)
Net current liabilities		(32,373)	(52,096)
Total assets less current liabilities		87,056	49,642
Creditors: Amounts falling due after more than one year	8	(806)	(1,614)
Provisions for liabilities		(12,859)	(5,119)
Net assets		73,391	42,909
Capital and reserves
Called up share capital		200	200
Retained earnings		73,191	42,709
Shareholders' funds		73,391	42,909

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 August 2026 and signed on its behalf by:
 

......................................... A Miller Director

......................................... L Taylor Director

UC Partners Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The Company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
14D Ipark
Innovation Drive
Hull
HU5 1SG

These financial statements were authorised for issue by the Board on 11 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

UC Partners Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer Equipment	33% on cost
Plant and Machinery	20% on cost
Fixtures and Fittings	20% on cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line
Trademarks	10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

UC Partners Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

UC Partners Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 21 (2025 - 13).

4	Intangible assets

	Goodwill  £	Other intangible assets  £	Total £
Cost or valuation
At 1 April 2025	94,957	-	94,957
Additions acquired separately	-	1,256	1,256
At 31 March 2026	94,957	1,256	96,213
Amortisation
At 1 April 2025	18,497	-	18,497
Amortisation charge	9,496	47	9,543
At 31 March 2026	27,993	47	28,040
Carrying amount
At 31 March 2026	66,964	1,209	68,173
At 31 March 2025	72,000	4,460	76,460

UC Partners Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2025	37,340	37,340
Additions	36,651	36,651
At 31 March 2026	73,991	73,991
Depreciation
At 1 April 2025	11,331	11,331
Charge for the year	11,404	11,404
At 31 March 2026	22,735	22,735
Carrying amount
At 31 March 2026	51,256	51,256
At 31 March 2025	25,278	25,278

6

Stocks

	2026 £	2025 £
Other inventories	15,606	5,462

7

Debtors

Current	Note	2026 £	2025 £
Trade debtors		17,257	11,962
Amounts owed by related parties	11	10,803	-
Prepayments		5,047	464
Other debtors		17,963	23,914
		51,070	36,340

UC Partners Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	9	1,246	64,866
Trade creditors		23,389	52,075
Amounts owed to Company undertakings and undertakings in which the Company has a participating interest	11	50,000	-
Taxation and social security		81,951	34,184
Accruals and deferred income		4,828	4,558
Other creditors		75,101	-
		236,515	155,683

Creditors: amounts falling due after more than one year

	2026 £	2025 £
Due after one year
Deferred income	806	1,614

9	Loans and borrowings

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	-	16,703
Other borrowings	1,246	48,163
	1,246	64,866

Other borrowings include unsecured amounts due to Directors.

10	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £103,009 (2025 - £Nil). Financial commitments include property rental leases and vehicle leases.

11	Related party transactions

Transactions with Directors

Other transactions with Directors

At the year end, the Company owed the Directors £1,246 (2025: £48,163). The amount is unsecured, interest-free and repayable on demand.

UC Partners Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Summary of transactions with other related parties

Uncover Group Limited (Parent)

At the year end, the Company owed £50,000 to Uncover Group Limited. The amount is unsecured, interest-free and repayable on demand. There were no sales or purchases between the Company and Parent Company over the course of the year.


Innovator Partners Limited (Associated Company)

At the year end, the Company was owed £10,803 by Innovator Partners Limited. The amount is unsecured, interest-free and repayable on demand. Net sales of £98,833 were made to Innovator Partners Limited during the year. There were no purchases from Innovator Partners Limited during the year.

12	Parent and ultimate parent undertaking

The Company's immediate parent is Uncover Group Limited, incorporated in England.

  These financial statements are available upon request from Unit 10a, Gothenburg Way. Hull, HU7 0YG.