IRIS Accounts Production v23.2.0.158 04559525 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure045595252022-03-31045595252023-03-31045595252022-04-012023-03-31045595252021-03-31045595252021-04-012022-03-31045595252022-03-3104559525ns16:EnglandWales2022-04-012023-03-3104559525ns15:PoundSterling2022-04-012023-03-3104559525ns11:Director12022-04-012023-03-3104559525ns11:Director22022-04-012023-03-3104559525ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3104559525ns11:SmallEntities2022-04-012023-03-3104559525ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3104559525ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3104559525ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3104559525ns11:FullAccounts2022-04-012023-03-3104559525ns11:CompanySecretary12022-04-012023-03-3104559525ns11:RegisteredOffice2022-04-012023-03-3104559525ns6:CurrentFinancialInstruments2023-03-3104559525ns6:CurrentFinancialInstruments2022-03-3104559525ns6:Non-currentFinancialInstruments2023-03-3104559525ns6:Non-currentFinancialInstruments2022-03-3104559525ns6:ShareCapital2023-03-3104559525ns6:ShareCapital2022-03-3104559525ns6:FurtherSpecificReserve1ComponentTotalEquity2023-03-3104559525ns6:FurtherSpecificReserve1ComponentTotalEquity2022-03-3104559525ns6:RetainedEarningsAccumulatedLosses2023-03-3104559525ns6:RetainedEarningsAccumulatedLosses2022-03-3104559525ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3104559525ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3104559525ns6:Non-currentFinancialInstruments2022-04-012023-03-31
REGISTERED NUMBER: 04559525 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

UBRIDGE LTD

UBRIDGE LTD (REGISTERED NUMBER: 04559525)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UBRIDGE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M Taylor
T C Morgan





SECRETARY: M Taylor





REGISTERED OFFICE: 6 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL





REGISTERED NUMBER: 04559525 (England and Wales)





ACCOUNTANTS: Andrew Cross & Co.
Chartered Certified Accountants
6 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL

UBRIDGE LTD (REGISTERED NUMBER: 04559525)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 850,000 524,941
Debtors 4 102 96
Cash at bank 1,422 977
851,524 526,014
CREDITORS
Amounts falling due within one year 5 219,414 205,990
NET CURRENT ASSETS 632,110 320,024
TOTAL ASSETS LESS CURRENT
LIABILITIES

632,110

320,024

CREDITORS
Amounts falling due after more than one
year

6

(484,556

)

(488,903

)

PROVISIONS FOR LIABILITIES 7 (61,761 ) -
NET ASSETS/(LIABILITIES) 85,793 (168,879 )

CAPITAL AND RESERVES
Called up share capital 20,100 20,100
Other reserves 263,298 -
Retained earnings (197,605 ) (188,979 )
SHAREHOLDERS' FUNDS 85,793 (168,879 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

UBRIDGE LTD (REGISTERED NUMBER: 04559525)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:




T C Morgan - Director



M Taylor - Director


UBRIDGE LTD (REGISTERED NUMBER: 04559525)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Ubridge Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents rental income received and income generated from property management services.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 102 96

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 219,414 205,990

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Bank loans are secured by way of first legal fixed charge in respect of the properties held by the company. In addition, the bank loans are secured by way of a fixed and floating charges over all properties and assets of the company.

7. PROVISIONS FOR LIABILITIES

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

UBRIDGE LTD (REGISTERED NUMBER: 04559525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.