UK One Property and Development Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09286805 (England and Wales)

UK ONE PROPERTY AND DEVELOPMENT LTD

Unaudited Financial Statements

For The Year Ended 31 October 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr P Pang

H M Pang

REGISTERED OFFICE:

107A Southchurch Road

Southend on Sea

Essex

SS1 2NL

REGISTERED NUMBER:

09286805 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,343,503

1,039,658

CURRENT ASSETS

Debtors

5

-

81,400

Cash at bank

62,481

595,001

62,481

676,401

CREDITORS

Amounts falling due within one year

6

9,107

726,275

NET CURRENT ASSETS/(LIABILITIES)

53,374

(49,874

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,396,877

989,784

CREDITORS

Amounts falling due after more than one year

7

(1,266,066

)

(889,478

)

PROVISIONS FOR LIABILITIES

(15,230

)

(15,230

)

NET ASSETS

115,581

85,076

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

89,585

89,585

Retained earnings

25,896

(4,609

)

SHAREHOLDERS' FUNDS

115,581

85,076

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 24 June 2019 and were signed on its behalf by:

H M Pang - Director

Dr P Pang - Director

1.	STATUTORY INFORMATION

UK One Property and Development Ltd is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

In the opinion of the directors, it remains appropriate to continue to adopt the going concern basis of accounting.

Turnover

Turnover represents net rents received.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

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 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 November 2017

1,039,658

Additions

303,845

At 31 October 2018

1,343,503

NET BOOK VALUE

At 31 October 2018

1,343,503

At 31 October 2017

1,039,658

Cost or valuation at 31 October 2018 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2016

89,585

-

89,585

Cost

1,253,918

-

1,253,918

1,343,503

-

1,343,503

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other debtors

-

81,400

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

7,156

1,259

Other creditors

1,951

725,016

9,107

726,275

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other creditors

1,266,066

889,478

8.

RESERVES

Revaluation

reserve

£

At 1 November 2017

and 31 October 2018

89,585