Company Registration No. 06034805 (England and Wales)
Ultra Property Co Ltd
Unaudited accounts
for the year ended 31 May 2023
Ultra Property Co Ltd
Unaudited accounts
Contents
Ultra Property Co Ltd
Company Information
for the year ended 31 May 2023
Directors
Paul Buck
Mark Baxter
Company Number
06034805 (England and Wales)
Registered Office
62 VITTORIA STREET
WIRRAL
CH41 3NX
United Kingdom
Ultra Property Co Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
813,695
834,575
Cash at bank and in hand
111,351
123,017
Creditors: amounts falling due within one year
(62,060)
(75,642)
Net current assets
53,594
51,041
Total assets less current liabilities
867,289
885,616
Creditors: amounts falling due after more than one year
(235,653)
(233,985)
Provisions for liabilities
Other provisions
-
(4,000)
Net assets
631,636
647,631
Called up share capital
3
3
Revaluation reserve
390,593
390,593
Profit and loss account
241,040
257,035
Shareholders' funds
631,636
647,631
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by
Paul Buck
Director
Company Registration No. 06034805
Ultra Property Co Ltd
Notes to the Accounts
for the year ended 31 May 2023
Ultra Property Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 06034805. The registered office is 62 VITTORIA STREET, WIRRAL, CH41 3NX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
990,000
70,975
60,973
1,121,948
At 31 May 2023
990,000
70,975
60,973
1,121,948
At 1 June 2022
178,524
59,734
49,115
287,373
Charge for the year
16,229
1,686
2,965
20,880
At 31 May 2023
194,753
61,420
52,080
308,253
At 31 May 2023
795,247
9,555
8,893
813,695
At 31 May 2022
811,476
11,241
11,858
834,575
Ultra Property Co Ltd
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
3,641
Taxes and social security
32,063
37,526
Other creditors
3,000
3,000
Loans from directors
5,497
(14,503)
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
174,039
199,047
Other creditors
35,938
34,938
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).