| UE Properties Ltd |
|
| Report to the director on the preparation of the unaudited abbreviated accounts of UE Properties Ltd for the year ended 31 March 2014 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated financial statements of UE Properties Ltd for the year ended 31 March 2014 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| This report is made solely to the Board of Directors of UE Properties Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of UE Properties Ltd and state those matters that we have agreed to state to the Board of Directors of UE Properties Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than UE Properties Ltd and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that UE Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of UE Properties Ltd. You consider that UE Properties Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of UE Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
|
| Clark Howes Limited |
| Certified Accountants |
| Riverside House |
| 44 Wedgewood Street |
| Aylesbury |
| Bucks |
| HP19 7HL |
|
| 14 November 2014 |
|
| UE Properties Ltd |
| Registered number: 04190103 |
| Abbreviated Balance Sheet |
| as at 31 March 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Current assets |
| Debtors |
|
|
160 |
|
|
- |
|
| Creditors: amounts falling due within one year |
|
|
(46,432) |
|
|
(41,656) |
|
| Net current assets |
|
|
|
(46,272) |
|
|
(41,656) |
|
| Total assets less current liabilities |
|
|
|
(46,272) |
|
|
(41,656) |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(25,000) |
|
|
(25,000) |
|
|
|
| Net assets |
|
|
|
(71,272) |
|
|
(66,656) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
2 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
(71,274) |
|
|
(66,658) |
|
| Shareholder's funds |
|
|
|
(71,272) |
|
|
(66,656) |
|
|
|
|
|
|
|
|
| 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 financial statements. |
| The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr D R Turnbull |
| Director |
| Approved by the board on 14 November 2014 |
|
| UE Properties Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Going concern |
|
The accounts have been prepared under the going concern concept; the director has confirmed that he will continue to support the company for a period of 12 months after the date of signing the financial statements. |
|
|
Leasing and hire purchase commitments |
|
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
| 2 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Ultimate controlling party |
|
|
During the year the company was controlled by its parent company Uni-Export Instrumentation Limited by virtue of its 100% shareholding. This company is controlled by the director D R Turnbull by virtue of his and his familys majority shareholding. |
