Ubiquitti Group Limited - Filleted accounts

Ubiquitti Group Limited - Filleted accounts

HUBSTAR GROUP LIMITED - Company Information

Print Friendly Version

Registered number
11185478
Ubiquitti Group Limited
Filleted Accounts
29 February 2020
Ubiquitti Group Limited
Registered number: 11185478
Balance Sheet
as at 29 February 2020
Notes 2020 2019
£ £
Fixed assets
Investments 3 366,312 366,312
Current assets
Debtors 4 826,333 565,494
Creditors: amounts falling due within one year 5 (1,191,645) (930,806)
Net current liabilities (365,312) (365,312)
Net assets 1,000 1,000
Capital and reserves
Called up share capital 1,000 1,000
Shareholder's funds 1,000 1,000
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S VATIDIS
Director
Approved by the board on 25 February 2021
Ubiquitti Group Limited
Notes to the Accounts
for the year ended 29 February 2020
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Investments
Investments in subsidiaries are measured at cost less any accumulated impairment losses.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2020 2019
Number Number
Average number of persons employed by the company - -
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 March 2019 366,312
At 29 February 2020 366,312
4 Debtors 2020 2019
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 826,333 565,494
5 Creditors: amounts falling due within one year 2020 2019
£ £
Director's loan account 1,191,645 830,806
Other creditors - 100,000
1,191,645 930,806
6 Related party transactions
The company has received an interest free unsecured loan from the Director of £1,191,645 (2019: £830,806). There are no fixed repayment terms for this loan.
7 Controlling party
The Company is under the control of S Vatidis.
8 Other information
Ubiquitti Group Limited is a private company limited by shares and incorporated in England. Its registered office is:
Regent House
316 Beulah Hill
London
SE19 3HF
Ubiquitti Group Limited 11185478 false 2019-03-01 2020-02-29 2020-02-29 VT Final Accounts June 2020 release 2 S VATIDIS No description of principal activity 11185478 2018-02-05 2019-02-28 11185478 core:WithinOneYear 2019-02-28 11185478 core:ShareCapital 2019-02-28 11185478 2019-03-01 2020-02-29 11185478 bus:EntityNoLongerTradingButTradedInPast 2019-03-01 2020-02-29 11185478 bus:PrivateLimitedCompanyLtd 2019-03-01 2020-02-29 11185478 bus:AuditExempt-NoAccountantsReport 2019-03-01 2020-02-29 11185478 bus:Director40 2019-03-01 2020-02-29 11185478 2 2019-03-01 2020-02-29 11185478 countries:England 2019-03-01 2020-02-29 11185478 bus:FRS102 2019-03-01 2020-02-29 11185478 bus:FullAccounts 2019-03-01 2020-02-29 11185478 2020-02-29 11185478 core:WithinOneYear 2020-02-29 11185478 core:ShareCapital 2020-02-29 11185478 2019-02-28 iso4217:GBP xbrli:pure