Company Registration No. 11131314 (England and Wales)
Uksem Property Ltd
Unaudited accounts
for the year ended 31 January 2026
Uksem Property Ltd
Unaudited accounts
Contents
Uksem Property Ltd
Company Information
for the year ended 31 January 2026
Director
Mr Udage K Samantha Padmasiri Gunasena
Company Number
11131314 (England and Wales)
Registered Office
196 Southend Arterial Road
Hornchurch
Essex
RM11 2SQ
England
Accountants
ZATRS ACCOUNTING LIMITED
29 Debnam Grove
Sittingbourne
Kent
ME10 3FN
Uksem Property Ltd
Statement of financial position
as at 31 January 2026
Tangible assets
19,417
25,937
Investment property
381,031
381,031
Cash at bank and in hand
40
240
Creditors: amounts falling due within one year
(12,408)
(5,096)
Net current liabilities
(12,368)
(4,856)
Total assets less current liabilities
388,080
402,112
Creditors: amounts falling due after more than one year
(426,190)
(429,417)
Net liabilities
(38,110)
(27,305)
Called up share capital
1
1
Profit and loss account
(38,111)
(27,306)
Shareholders' funds
(38,110)
(27,305)
For the year ending 31 January 2026 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 director acknowledges his 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 and authorised for issue on 30 October 2026 and were signed on its behalf by
Mr Udage K Samantha Padmasiri Gunasena
Director
Company Registration No. 11131314
Uksem Property Ltd
Notes to the Accounts
for the year ended 31 January 2026
Uksem Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 11131314. The registered office is 196 Southend Arterial Road, Hornchurch, Essex, RM11 2SQ, England.
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.
These financial statements for the year ended 31 January 2026 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2024.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land
and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
The accounts are presented in £ sterling.
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well
placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has
adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going
concern basis of accounting in preparing the financial statements.
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for
estimated customer returns, rebates and other similar allowances.
Uksem Property Ltd
Notes to the Accounts
for the year ended 31 January 2026
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the
statement of comprehensive income because of items of income or expense that are taxable or deductible in other year
and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that
have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial
statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally
recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary
differences to the extent that it is probable that taxable profits will be available against which those deductible timing
differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and
reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the
asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the
liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted
by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax
assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would
follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying
amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in
other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other
comprehensive income or directly in equity respectively.
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been
approved by the shareholders prior to the statement of financial position date.
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:
Uksem Property Ltd
Notes to the Accounts
for the year ended 31 January 2026
4
Tangible fixed assets
Motor vehicles
Fair value at 1 February 2025
381,031
At 31 January 2026
381,031
6
Creditors: amounts falling due within one year
2026
2025
Other creditors
1,549
1,549
Loans from directors
10,859
3,547
7
Creditors: amounts falling due after more than one year
2026
2025
Bank loans
274,029
274,029
Other creditors
16,403
19,630
Loans from directors
135,758
135,758
8
Average number of employees
During the year the average number of employees was 0 (2025: 0).