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REGISTERED NUMBER: 02126820 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2023

for

Urgentfront Limited

Urgentfront Limited (Registered number: 02126820)






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


Urgentfront Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: D W G Hamilton





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 02126820 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Urgentfront Limited (Registered number: 02126820)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,566 19,457
Investment property 5 2,194,815 2,194,815
2,210,381 2,214,272

CURRENT ASSETS
Debtors 6 10,511 -
Cash at bank 11,209 20,185
21,720 20,185
CREDITORS
Amounts falling due within one year 7 531,152 466,391
NET CURRENT LIABILITIES (509,432 ) (446,206 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,700,949 1,768,066

CREDITORS
Amounts falling due after more than one year 8 (589,420 ) (610,476 )

PROVISIONS FOR LIABILITIES (154,654 ) (117,537 )
NET ASSETS 956,875 1,040,053

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 956,775 1,039,953
SHAREHOLDERS' FUNDS 956,875 1,040,053

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 director acknowledges his 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.

Urgentfront Limited (Registered number: 02126820)

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 director and authorised for issue on 29 November 2023 and were signed by:





D W G Hamilton - Director


Urgentfront Limited (Registered number: 02126820)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Urgentfront Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover consists of rents receivable. Revenue is recognised evenly over the rental period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

Depreciation has not been provided for in respect of the buildings, on the basis that they are investment properties.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

Urgentfront Limited (Registered number: 02126820)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2022
and 31 March 2023 63,335
DEPRECIATION
At 1 April 2022 43,878
Charge for year 3,891
At 31 March 2023 47,769
NET BOOK VALUE
At 31 March 2023 15,566
At 31 March 2022 19,457

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 2,194,815
NET BOOK VALUE
At 31 March 2023 2,194,815
At 31 March 2022 2,194,815

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2014 618,617
Cost 1,576,198
2,194,815

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 1,576,198 1,576,198

The investment properties were valued on an open market basis on 31 March 2023 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 10,511 -

Urgentfront Limited (Registered number: 02126820)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 21,056 21,056
Tax - 10,673
Other creditors 2,615 2,615
Directors' loan accounts 506,490 431,227
Accrued expenses 991 820
531,152 466,391

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 21,056 21,056
Bank loans - 2-5 years 63,144 63,144
Bank loans more 5 yr by instal 105,220 126,276
Bank loans more 5 yrs non-inst 400,000 400,000
589,420 610,476

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 400,000 400,000

Repayable by instalments
Bank loans more 5 yr by instal 105,220 126,276

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 610,476 631,532

The loan is secured on the property owned by the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary A £1 100 100

Urgentfront Limited (Registered number: 02126820)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. RESERVES
Retained
earnings
£   

At 1 April 2022 1,039,953
Deficit for the year (83,178 )
At 31 March 2023 956,775

Included in the total reserves is £463,963 of non-distributable reserves, attributable to the revaluation of property held by the company, net of deferred tax.