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REGISTERED NUMBER: 12152343 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Utopia Assets Ltd

Utopia Assets Ltd (Registered number: 12152343)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Utopia Assets Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr Daniel Patrick Cooke
Mr Christopher James Black
Mr Philip John Murray





REGISTERED OFFICE: The Vikes
40 Thorsway
Rockferry
Wirral
Merseyside
CH42 1NW





REGISTERED NUMBER: 12152343 (England and Wales)





ACCOUNTANTS: LJS Accounting Services (UK) Ltd
Unit 5, 1st Floor
Connect Business Village
24 Derby Road
Liverpool
Merseyside
L5 9PR

Utopia Assets Ltd (Registered number: 12152343)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 165,593 165,593

CURRENT ASSETS
Debtors 5 3 3
Cash at bank 3,384 3,676
3,387 3,679
CREDITORS
Amounts falling due within one year 6 80,174 84,828
NET CURRENT LIABILITIES (76,787 ) (81,149 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,806

84,444

CREDITORS
Amounts falling due after more than one
year

7

77,517

77,517
NET ASSETS 11,289 6,927

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 9 11,286 6,924
SHAREHOLDERS' FUNDS 11,289 6,927

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Utopia Assets Ltd (Registered number: 12152343)

Balance Sheet - continued
31 August 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 16 February 2024 and were signed on its behalf by:




Mr Christopher James Black - Director Mr Daniel Patrick Cooke - Director




Mr Philip John Murray - Director


Utopia Assets Ltd (Registered number: 12152343)

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

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 September 2022
and 31 August 2023 165,593
NET BOOK VALUE
At 31 August 2023 165,593
At 31 August 2022 165,593

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors 3 3

Utopia Assets Ltd (Registered number: 12152343)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 79,082 83,628
Tax 492 -
Accrued expenses 600 1,200
80,174 84,828

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Amounts owed to group undertakings 77,517 77,517

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
3 Ordinary £1 3 3

9. RESERVES
Retained
earnings
£   

At 1 September 2022 6,924
Profit for the year 4,362
At 31 August 2023 11,286