Registered number
05306979
UBF PROPERTIES LIMITED
Filleted Accounts
28 February 2023
UBF PROPERTIES LIMITED
Registered number: 05306979
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 551,958 551,958
Current assets
Cash at bank and in hand 6,022 4,784
Creditors: amounts falling due within one year 4 (84,808) (5,897)
Net current liabilities (78,786) (1,113)
Total assets less current liabilities 473,172 550,845
Creditors: amounts falling due after more than one year 5 (194,589) (273,972)
Net assets 278,583 276,873
Capital and reserves
Called up share capital 100 100
Revaluation reserve 6 (557,521) (557,521)
Profit and loss account 836,004 834,294
Shareholders' funds 278,583 276,873
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.
Dr Bilaal Adam
Director
Approved by the board on 7 November 2023
UBF PROPERTIES LIMITED
Notes to the Accounts
for the year ended 28 February 2023
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 (as applied to small entities by section 1A of the standard).
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 rendering of services is recognised by reference to the stage of completion of the contract.
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:
Freehold buildings Nil
Leasehold land and buildings over the lease term
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2022 551,958
At 28 February 2023 551,958
Depreciation
At 28 February 2023 -
Net book value
At 28 February 2023 551,958
At 28 February 2022 551,958
4 Creditors: amounts falling due within one year 2023 2022
£ £
Rent received in advance 750 750
Accruals 3,395 3,370
Taxation and social security costs 2,278 1,777
Other creditors 78,385 -
84,808 5,897
5 Creditors: amounts falling due after one year 2023 2022
£ £
Dr B Adam 63,697 75,441
Dr U Adam 52,198 83,551
Dr F Adam 49,063 97,206
Mrs S Adam 29,631 17,774
194,589 273,972
6 Revaluation reserve 2023 2022
£ £
At 1 March 2022 (557,521) (557,521)
At 28 February 2023 (557,521) (557,521)
7 Other information
UBF PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
86 Wimberley street
Blackburn
Lancashire
BB1 8HX
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