Caseware UK (AP4) 2021.0.152 2021.0.152 2021-11-302021-11-302020-12-01falseProperty Investmentfalse44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03467555 2020-12-01 2021-11-30 03467555 2019-12-01 2020-11-30 03467555 2021-11-30 03467555 2020-11-30 03467555 2019-12-01 03467555 c:Director3 2020-12-01 2021-11-30 03467555 d:CurrentFinancialInstruments 2021-11-30 03467555 d:CurrentFinancialInstruments 2020-11-30 03467555 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 03467555 d:CurrentFinancialInstruments d:WithinOneYear 2020-11-30 03467555 d:ShareCapital 2020-12-01 2021-11-30 03467555 d:ShareCapital 2021-11-30 03467555 d:ShareCapital 2019-12-01 2020-11-30 03467555 d:ShareCapital 2020-11-30 03467555 d:ShareCapital 2019-12-01 03467555 d:RetainedEarningsAccumulatedLosses 2020-12-01 2021-11-30 03467555 d:RetainedEarningsAccumulatedLosses 2021-11-30 03467555 d:RetainedEarningsAccumulatedLosses 2019-12-01 2020-11-30 03467555 d:RetainedEarningsAccumulatedLosses 2020-11-30 03467555 d:RetainedEarningsAccumulatedLosses 2019-12-01 03467555 c:FRS102 2020-12-01 2021-11-30 03467555 c:Audited 2020-12-01 2021-11-30 03467555 c:FullAccounts 2020-12-01 2021-11-30 03467555 c:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30 03467555 c:SmallCompaniesRegimeForAccounts 2020-12-01 2021-11-30 03467555 2 2020-12-01 2021-11-30 iso4217:GBP xbrli:pure

Registered number: 03467555









ULTRAFLO LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2021

 
ULTRAFLO LIMITED
REGISTERED NUMBER: 03467555

BALANCE SHEET
AS AT 30 NOVEMBER 2021

2021
2021
2020
2020
Note
£
£
£
£

  

Current assets
  

Stocks
 4 
1,159,646
1,634,646

Debtors: amounts falling due within one year
 5 
-
41,000

Cash at bank and in hand
 6 
371,461
550,010

  
1,531,107
2,225,656

Creditors: amounts falling due within one year
 7 
(276,928)
(921,568)

Net current assets
  
 
 
1,254,179
 
 
1,304,088

Total assets less current liabilities
  
1,254,179
1,304,088

  

Net assets
  
1,254,179
1,304,088


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,254,079
1,303,988

  
1,254,179
1,304,088


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

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 8 August 2022.




D G Mattey
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 1

 
ULTRAFLO LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2021


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 December 2020
100
1,303,988
1,304,088


Comprehensive income for the year

Profit for the year
-
1,150,091
1,150,091
Total comprehensive income for the year
-
1,150,091
1,150,091

Dividends: Equity capital
-
(1,200,000)
(1,200,000)


Total transactions with owners
-
(1,200,000)
(1,200,000)


At 30 November 2021
100
1,254,079
1,254,179



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2020


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 December 2019
100
1,188,999
1,189,099


Comprehensive income for the year

Profit for the year
-
114,989
114,989
Total comprehensive income for the year
-
114,989
114,989


At 30 November 2020
100
1,303,988
1,304,088


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
ULTRAFLO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1.


General information

Ultraflo Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 03467555. The address of the registered office is Lawrence House, Goodwyn Avenue, Mill Hill, London, NW7 3RH. The principal activity of the company is that of buying and selling real estate.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

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

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue represents the sale proceeds of properties before selling expenses. Sales are recognised on the exchange of contracts.

 
2.3

Interest income

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

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss 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 balance sheet date in the countries where the Company operates and generates income.

Page 3

 
ULTRAFLO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

2.Accounting policies (continued)

 
2.7

Stocks

Unsold properties held for resale are stated at the lower of cost and net realisable value. Cost includes all ancillary expenses of purchase.


 
2.8

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.

 
2.9

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.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2021
        2020
            No.
            No.







Directors
4
4


4.


Stocks

2021
2020
£
£

Development properties
1,159,646
1,634,646

1,159,646
1,634,646


Page 4

 
ULTRAFLO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

5.


Debtors

2021
2020
£
£


Prepayments and accrued income
-
41,000

-
41,000



6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
371,461
550,010

371,461
550,010



7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Other loans
-
885,000

Corporation tax
269,775
26,973

Other taxation and social security
4,153
4,173

Accruals and deferred income
3,000
5,422

276,928
921,568



8.


Auditors' information

The auditors' report on the financial statements for the year ended 30 November 2021 was unqualified.

The audit report was signed on 8 August 2022 by Christina Georgiou (Senior Statutory Auditor) on behalf of Haslers.

 
Page 5