Universal Enterprise Holdings Limited - Filleted accounts

UNIVERSAL ENTERPRISE HOLDINGS LIMITED - Company Information

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Registered number

04393728

Universal Enterprise Holdings Limited

Report and Accounts

31 May 2022

Accountancy 4 Wealth Limited

Accountants and Business Advisors

33 Wolverhampton Road

Cannock

Staffordshire

WS11 1AP

Universal Enterprise Holdings Limited
Registered number: 04393728
Balance Sheet
as at 31 May 2022

Notes			2022			2021
£				£
Current assets
Debtors	3	1,506			1,506
Cash at bank and in hand		2			2
		1,508			1,508

Creditors: amounts falling due within one year	4	(1,506)			(1,506)

Net current assets			2			2

Net assets			2			2

Capital and reserves
Called up share capital			2			2

Shareholders' funds			2			2

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.




Mr P Metcalfe
Director
Approved by the board on 17 August 2022

Universal Enterprise Holdings Limited
Notes to the Accounts
for the year ended 31 May 2022


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.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	15% straight line

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2022		2021
Number				Number

	Average number of persons employed by the company		1		1


3	Debtors		2022		2021
£				£

	Other debtors		1,506		1,506


4	Creditors: amounts falling due within one year		2022		2021
£				£

	Amounts owed to group undertakings and undertakings in which the company has a participating interest		1,506		1,506


5	Related party transactions

	The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.
6	Controlling party

	The company is owned by Caring Retirement Homes Limited. The ultimate holding company is UK Caring Retirement Homes Ltd, a company incorporated in the UK.