ACCOUNTS - Final Accounts

Cash and cash equivalents

UNISERVE (SCOTLAND) LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31No description of principal activityfalsetrue2020-07-01truetruetruetrue00truetrue SC226270 2020-07-01 2021-12-31 SC226270 2019-04-01 2020-06-30 SC226270 2021-12-31 SC226270 2020-06-30 SC226270 c:Director1 2020-07-01 2021-12-31 SC226270 d:CurrentFinancialInstruments 2021-12-31 SC226270 d:CurrentFinancialInstruments 2020-06-30 SC226270 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 SC226270 d:CurrentFinancialInstruments d:WithinOneYear 2020-06-30 SC226270 d:ShareCapital 2021-12-31 SC226270 d:ShareCapital 2020-06-30 SC226270 d:RetainedEarningsAccumulatedLosses 2020-07-01 2021-12-31 SC226270 d:RetainedEarningsAccumulatedLosses 2021-12-31 SC226270 d:RetainedEarningsAccumulatedLosses 2020-06-30 SC226270 c:OrdinaryShareClass1 2020-07-01 2021-12-31 SC226270 c:OrdinaryShareClass1 2021-12-31 SC226270 c:OrdinaryShareClass1 2020-06-30 SC226270 c:EntityNoLongerTradingButTradedInPast 2020-07-01 2021-12-31 SC226270 c:FRS102 2020-07-01 2021-12-31 SC226270 c:Audited 2020-07-01 2021-12-31 SC226270 c:FullAccounts 2020-07-01 2021-12-31 SC226270 c:PrivateLimitedCompanyLtd 2020-07-01 2021-12-31 SC226270 c:SmallCompaniesRegimeForAccounts 2020-07-01 2021-12-31 SC226270 2 2020-07-01 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: SC226270

UNISERVE (SCOTLAND) LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2021

UNISERVE (SCOTLAND) LIMITED

REGISTERED NUMBER: SC226270

BALANCE SHEET

AS AT 31 DECEMBER 2021

	31 December	31 December	30 June	30 June
	2021	2021	2020	2020
Note	£	£	£	£


Current assets
Debtors: amounts falling due within one year	4	48,531		3,261
Cash at bank and in hand	5	6,775		4,841
		55,306		8,102
Creditors: amounts falling due within one year	6	(3,174,265)		(3,062,854)
Net current liabilities			(3,118,959)		(3,054,752)
Total assets less current liabilities			(3,118,959)		(3,054,752)

Net liabilities			(3,118,959)		(3,054,752)

Capital and reserves
Called up share capital	7	1	1
Profit and loss account	8	(3,118,960)	(3,054,753)
		(3,118,959)	(3,054,752)

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 23 September 2022.

I R Liddell

Director

The notes on pages 2 to 6 form part of these financial statements.

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UNISERVE (SCOTLAND) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2021

1.	General information

Uniserve (Scotland) Limited is a private company, limited by shares and incorporated in Scotland, United Kingdom, with a registration number SC226270. The address of the registered office is Glasgow Transit Terminal, Air Link Inchinnan Road, Paisley, PA3 2RS. The principal activity of the Company is the provision of sea and coastal freight services.

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 financial statements are presented in pounds Sterling which is the functional currency of the company and rounded to the nearest £ sterling.

The following principal accounting policies have been applied:

2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of GB Europe Holdings Limited as at 31 December 2021 and these financial statements may be obtained from Companies House.

2.3

Going concern

The company has not traded during the year and has a net liability position as at 31 December 2021 of £3,118,959. The directors have been pledged financial support from the Group and believe that based on this it is appropriate to prepare the accounts on the going concern basis.

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UNISERVE (SCOTLAND) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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UNISERVE (SCOTLAND) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2020 - £NIL).

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UNISERVE (SCOTLAND) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2021

Debtors

					31 December	30 June
					2021	2020
					£	£


Trade debtors	45,272	1,563
Other debtors	3,259	1,698
	48,531	3,261

Cash at bank and in hand	6,775	4,841
	6,775	4,841

Trade creditors	656	6,496
Amounts owed to group undertakings	3,093,959	2,789,835
Accruals and deferred income	79,650	266,523
	3,174,265	3,062,854

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UNISERVE (SCOTLAND) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2021

Allotted, called up and fully paid

1 (2020 - 1) Ordinary share of £1.00	1	1

Reserves

Profit and loss account

The profit and loss account represents cumulative profits and losses net of dividends and other
adjustments.

9.	Related party transactions
	The Company has taken advantage of the exemptions conferred in FRS 102 Section 33 not to disclose transactions with other group companies where 100% of the voting rights are controlled within the group.

10.	Controlling party

The immediate UK parent company is Uniserve Holdings Limited, a company incorporated in England and Wales.
The ultimate parent company is GB Global Holdco. Pte. Ltd., a company incorporated in Singapore.
The UK parent undertaking for which consolidated accounts are prepared is GB Europe Holdings Limited. These consolidated accounts may be obtained from the Companies House website.
The ultimate controlling party is Mr I R Liddell by virtue of his shareholding in the ultimate parent company.

11.	Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2021 was unqualified.

The audit report was signed on 23 September 2022 by Charalambos Patsalides (Senior Statutory Auditor) on behalf of Haslers.

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