Caseware UK (AP4) 2021.0.152 2021.0.152 2021-11-302021-11-302trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2020-12-01buying and selling of own real estate2false 04128397 2020-12-01 2021-11-30 04128397 2019-12-01 2020-11-30 04128397 2021-11-30 04128397 2020-11-30 04128397 c:Director1 2020-12-01 2021-11-30 04128397 d:CurrentFinancialInstruments 2021-11-30 04128397 d:CurrentFinancialInstruments 2020-11-30 04128397 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 04128397 d:CurrentFinancialInstruments d:WithinOneYear 2020-11-30 04128397 d:ShareCapital 2021-11-30 04128397 d:ShareCapital 2020-11-30 04128397 d:RetainedEarningsAccumulatedLosses 2020-12-01 2021-11-30 04128397 d:RetainedEarningsAccumulatedLosses 2021-11-30 04128397 d:RetainedEarningsAccumulatedLosses 2020-11-30 04128397 c:FRS102 2020-12-01 2021-11-30 04128397 c:AuditExempt-NoAccountantsReport 2020-12-01 2021-11-30 04128397 c:FullAccounts 2020-12-01 2021-11-30 04128397 c:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30 04128397 6 2020-12-01 2021-11-30 iso4217:GBP xbrli:pure

Registered number: 04128397









ULTRAHOME LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2021

 
ULTRAHOME LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 6


 
ULTRAHOME LIMITED
REGISTERED NUMBER: 04128397

BALANCE SHEET
AS AT 30 NOVEMBER 2021

2021
2021
2020
2020
Note
£
£
£
£

Fixed assets
  

Investments
 4 
3
3

  
3
3

Current assets
  

Debtors: amounts falling due within one year
 5 
1,003,641
1,018,000

Cash at bank and in hand
 6 
520,391
153,492

  
1,524,032
1,171,492

Creditors: amounts falling due within one year
 7 
(76,007)
(33,418)

Net current assets
  
 
 
1,448,025
 
 
1,138,074

Total assets less current liabilities
  
1,448,028
1,138,077

  

Net assets
  
1,448,028
1,138,077

Page 1

 
ULTRAHOME LIMITED
REGISTERED NUMBER: 04128397
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2021

2021
2021
2020
2020
Note
£
£
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
 8 
1,447,928
1,137,977

  
1,448,028
1,138,077


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 30 June 2022.




S Mattey
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

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

1.


General information

Ultrahome Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 04128397. 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 the buying and selling of own 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 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment 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 rental and ancillary income due from properties for the period.

 
2.3

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.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Stocks

Unsold properties held for resale are stated at the lower of cost and net realisable value. Cost includes all ancillary expenses of the purchase. Sums received for lease period extensions are deducted from the original cost where the company owns the relevant freehold reversions.

 
2.6

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.

Page 3

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

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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 directors, during the year was 2 (2020 - 2).

Page 4

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

4.


Fixed asset investments





Investments in Subsidiary Companies

£



Cost or valuation


At 1 December 2020
3



At 30 November 2021
3





5.


Debtors

2021
2020
£
£


Other debtors
1,003,641
1,018,000

1,003,641
1,018,000



6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
520,391
153,492

520,391
153,492



7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Corporation tax
72,704
30,115

Other creditors
3
3

Accruals and deferred income
3,300
3,300

76,007
33,418


Page 5

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

8.


Reserves

Profit & loss account

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


9.


Related party transactions

During the year the following transactions occurred:


Loan repayment during the year
Loans due at 30/11/2021
£
£

Entities with control, joint control or significant influence over the entity
-
1,000,000
-
1,000,000


10.


Controlling party

The ultimate parent company is Westone Properties Limited , a company incorporated in England and Wales.
The ultimate controlling party is The Alan Mattey Will Trust  due to its majority shareholding in the ultimate parent company.

 
Page 6