ACCOUNTS - Final Accounts

Caseware UK (AP4) 2018.0.111 2018.0.111 2019-03-312019-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseproperty developmentfalse2018-04-01 03556922 2018-04-01 2019-03-31 03556922 2017-04-01 2018-03-31 03556922 2019-03-31 03556922 2018-03-31 03556922 c:Director1 2018-04-01 2019-03-31 03556922 d:Buildings d:ShortLeaseholdAssets 2018-04-01 2019-03-31 03556922 d:Buildings d:ShortLeaseholdAssets 2019-03-31 03556922 d:Buildings d:ShortLeaseholdAssets 2018-03-31 03556922 d:CurrentFinancialInstruments 2019-03-31 03556922 d:CurrentFinancialInstruments 2018-03-31 03556922 d:Non-currentFinancialInstruments 2019-03-31 03556922 d:Non-currentFinancialInstruments 2018-03-31 03556922 d:CurrentFinancialInstruments d:WithinOneYear 2019-03-31 03556922 d:CurrentFinancialInstruments d:WithinOneYear 2018-03-31 03556922 d:ShareCapital 2019-03-31 03556922 d:ShareCapital 2018-03-31 03556922 d:RetainedEarningsAccumulatedLosses 2019-03-31 03556922 d:RetainedEarningsAccumulatedLosses 2018-03-31 03556922 c:FRS102 2018-04-01 2019-03-31 03556922 c:AuditExempt-NoAccountantsReport 2018-04-01 2019-03-31 03556922 c:FullAccounts 2018-04-01 2019-03-31 03556922 c:PrivateLimitedCompanyLtd 2018-04-01 2019-03-31 iso4217:GBP xbrli:pure

Registered number: 03556922

UKEE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019


UKEE LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 5


UKEE LIMITED REGISTERED NUMBER:03556922

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2019

		2019		2018
Note		£		£

Fixed assets
Tangible assets	4		143,225		147,760
Investments	5		102		2
			143,327		147,762
Current assets
Debtors: amounts falling due within one year	6	435,750		426,252
Cash at bank and in hand		115,082		113,408
		550,832		539,660
Current liabilities
Creditors: amounts falling due within one year	7	(450,604)		(450,505)
Net current assets			100,228		89,155
Net assets			243,555		236,917

Capital and reserves
Called up share capital	8	2	2
Profit and loss account		243,553	236,915
		243,555	236,917

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 August 2019.

D L Brown

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1


UKEE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

1.	General information

UKEE Limited is a private limited liability company registered in England and Wales. Its registered office address is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the company continued to be that of property development.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives.

Depreciation is provided on the following basis:

Short term leasehold property

over the period of the lease

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

2.4

Valuation of investments

Investments in subsidiaries, associates and joint ventures are measured at cost less accumulated impairment.

Page 2


UKEE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

2.Accounting policies (continued)

2.5

Basic financial instruments

The company only enters into transactions that result in the recognition of basic financial assets and basic financial liabilities.
Basic financial assets, such as trade and other debtors, are initially recognised at the transaction price less attributable transaction costs. Basic financial liabilities, such as trade and other creditors, are initially recognised at the transaction price plus attributable transaction costs. Subsequently, they are measured at amortised cost using the effective interest method, less any impairment losses in the case of basic financial assets.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.6

Dividends

Equity dividends are recognised when they become legally payable.

2.7

Taxation

Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
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.

Employees

The average monthly number of employees, including directors, during the year was 3 (2018 - 3).

Page 3


UKEE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

4.	Tangible fixed assets

		Short term leasehold property
		£
	Cost
	At 1 April 2018	195,000
	At 31 March 2019	195,000
	Depreciation
	At 1 April 2018	47,240
	Charge for the year on owned assets	4,535
	At 31 March 2019	51,775
	Net book value
	At 31 March 2019	143,225
	At 31 March 2018	147,760

5.	Fixed asset investments

	Investments in subsidiary companies	Investment in joint ventures	Total
	£	£	£
Cost or valuation
At 1 April 2018	-	2	2
Additions	100	-	100
At 31 March 2019	100	2	102

Net book value
At 31 March 2019	100	2	102
At 31 March 2018	-	2	2

Page 4


UKEE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

Debtors

					2019	2018
					£	£

Amounts owed by related parties	435,750	425,000
Other debtors	-	1,252
	435,750	426,252

7.	Creditors: Amounts falling due within one year
		2019	2018
		£	£

Amounts owed to group undertakings	447,452	447,352
Other creditors	2	2
Accruals and deferred income	3,150	3,151
	450,604	450,505

8.	Share capital
		2019	2018
		£	£

Allotted, called up and fully paid

2 (2018 - 2) Ordinary shares of £1 each	2	2

9.	Controlling party

The ultimate parent company is Equity Estates (Pty) Limited, a company registered in South Africa.

Page 5