REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 30 June 2021 |
|
for |
|
Ubha Properties Ltd |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 30 June 2021 |
|
for |
|
Ubha Properties Ltd |
Ubha Properties Ltd (Registered number: 10636138) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 30 June 2021 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
Ubha Properties Ltd |
|
Company Information |
for the Year Ended 30 June 2021 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
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) |
|
Balance Sheet |
30 June 2021 |
|
2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
Investment property | 5 |
|
|
|
|
|
CURRENT ASSETS |
Debtors | 6 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 7 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
8 |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Share premium |
|
|
Retained earnings | ( |
) | ( |
) |
|
|
|
|
|
|
|
The directors acknowledge their 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. |
Ubha Properties Ltd (Registered number: 10636138) |
|
Balance Sheet - continued |
30 June 2021 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors and authorised for issue on
|
|
|
|
|
|
|
|
Ubha Properties Ltd (Registered number: 10636138) |
|
Notes to the Financial Statements |
for the Year Ended 30 June 2021 |
|
1. | STATUTORY INFORMATION |
|
Ubha Properties Ltd is a
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
|
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. |
|
Taxation |
Taxation for the year 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. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
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. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
|
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 year end and that are expected to apply to the reversal of the timing difference. |
|
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. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
Ubha Properties Ltd (Registered number: 10636138) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2021 |
|
4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
Additions |
|
At 30 June 2021 |
|
DEPRECIATION |
Charge for year |
|
At 30 June 2021 |
|
NET BOOK VALUE |
At 30 June 2021 |
|
|
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 July 2020 |
and 30 June 2021 |
|
NET BOOK VALUE |
At 30 June 2021 |
|
At 30 June 2020 |
|
|
Fair value at 30 June 2021 is represented by: |
£ |
Valuation in 2018 | 2,168,158 |
Valuation in 2019 | 182,112 |
Valuation in 2020 | (500,270 | ) |
1,850,000 |
|
If the investment property had not been revalued it would have been included at the following historical cost: |
|
2021 | 2020 |
£ | £ |
Cost | 1,850,000 | 2,350,270 |
|
The investment property was valued on an open market basis on 30 June 2021 by the director, Mr Subhash Vij . |
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
Deferred tax asset |
|
|
Prepayments and accrued income |
|
|
|
|
Ubha Properties Ltd (Registered number: 10636138) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2021 |
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Bank loans and overdrafts |
|
|
Payments on account |
|
|
Trade creditors |
|
|
Tax |
|
|
Social security and other taxes |
|
|
VAT | 3,791 | 9,553 |
Intercompany |
|
|
Other Creditors | 34 | 34 |
Deferred income |
|
|
Accrued expenses |
|
|
|
|
|
8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2021 | 2020 |
£ | £ |
Bank loans more 5 yr by instal |
|
|
Other creditors |
|
|
|
|
|
Amounts falling due in more than five years: |
|
Repayable by instalments |
Bank loans more 5 yr by instal | 569,969 | 604,295 |
|
9. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
2021 | 2020 |
£ | £ |
46-50 Stocks Street | 501,511 | 535,838 |
Alexandra Towers | 101,750 | 101,750 |
|
|
|
The mortgages are secured against the the properties. |
Ubha Properties Ltd (Registered number: 10636138) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2021 |
|
10. | RELATED PARTY DISCLOSURES |
|
Inntitle Limited |
|
A company in which the directors are also directors and shareholders |
|
|
During the period Inntitle Limited loaned £0 to the company and during this period payments of £824 were made to repay this loan. |
|
2021 | 2020 |
£ | £ |
Amount due to related party at the balance sheet date | 1,289,667 | 1,288,842 |
|
11. | ULTIMATE CONTROLLING PARTY |
|
The ultimate controlling party is
|