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Unaudited Financial Statements |
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for the Period |
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23 February 2017 to 30 June 2018 |
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for |
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Ubha Properties Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period |
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23 February 2017 to 30 June 2018 |
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for |
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Ubha Properties Ltd |
Ubha Properties Ltd (Registered number: 10636138) |
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Contents of the Financial Statements |
for the Period 23 February 2017 to 30 June 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Ubha Properties Ltd |
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Company Information |
for the Period 23 February 2017 to 30 June 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Chartered Tax Advisors |
2nd Floor, Grove House |
774-780 Wilmslow Road |
Didsbury |
Manchester |
Greater Manchester |
M20 2DR |
Ubha Properties Ltd (Registered number: 10636138) |
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Balance Sheet |
30 June 2018 |
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Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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The directors acknowledge their responsibilities for: |
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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. |
Ubha Properties Ltd (Registered number: 10636138) |
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Balance Sheet - continued |
30 June 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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Ubha Properties Ltd (Registered number: 10636138) |
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Notes to the Financial Statements |
for the Period 23 February 2017 to 30 June 2018 |
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1. | STATUTORY INFORMATION |
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Ubha Properties Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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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. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the |
timing difference. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
Additions |
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At 30 June 2018 |
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NET BOOK VALUE |
At 30 June 2018 |
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Investment property was valued on an open market basis on 30th June 2018 by the director, Mr A Vij. |
Ubha Properties Ltd (Registered number: 10636138) |
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Notes to the Financial Statements - continued |
for the Period 23 February 2017 to 30 June 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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Trade debtors |
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Other debtors |
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Prepayments |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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Bank loans and overdrafts |
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Trade creditors |
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Tax |
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Social security and other taxes |
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Wages due payable | 2,322 |
VAT | 13,522 |
Intercompany |
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Shareholder Loan | 298,950 |
Deferred income |
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Accrued expenses |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
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Bank loans more 5 yr by instal |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 561,583 |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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46-50 Stocks Street | 597,525 |
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The mortgage for 46-50 Stocks Street is secured against the the freehold property itself. |
Ubha Properties Ltd (Registered number: 10636138) |
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Notes to the Financial Statements - continued |
for the Period 23 February 2017 to 30 June 2018 |
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9. | RELATED PARTY DISCLOSURES |
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Inntitle Limited |
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A company in which the directors are also directors and shareholders |
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During the period Inntitle Limited loaned 1,999,033 to the company and during this period payments of |
£649,386 were made to repay this loan. |
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£ |
Amount due to related party at the balance sheet date | 1,349,647 |
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Anubha Vij Settlement Fund |
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During the period loans of £299,000 were advanced to Ubha Properties Limited and repayments were made of |
£50. |
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Amount due to related party at the balance sheet date | 298,950 |