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REGISTERED NUMBER: 13096679 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Ubt Uk Division Limited

Ubt Uk Division Limited (Registered number: 13096679)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ubt Uk Division Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr G Tiberi





SECRETARY:





REGISTERED OFFICE: 3rd Floor 207 Regent Street
London
W1B 3HH





REGISTERED NUMBER: 13096679 (England and Wales)





ACCOUNTANTS: Brookstone Accountancy Limited
3rd Floor
207 Regent Street
London
W1B 3HH

Ubt Uk Division Limited (Registered number: 13096679)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 810

CURRENT ASSETS
Debtors 5 - 179
Cash at bank 1,199 288
1,199 467
CREDITORS
Amounts falling due within one year 6 91,121 40,181
NET CURRENT LIABILITIES (89,922 ) (39,714 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(89,922

)

(38,904

)

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings (90,922 ) (39,904 )
SHAREHOLDERS' FUNDS (89,922 ) (38,904 )

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

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

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 1 March 2024 and were signed by:





Mr G Tiberi - Director


Ubt Uk Division Limited (Registered number: 13096679)

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

1. STATUTORY INFORMATION

Ubt Uk Division 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 2,429
DEPRECIATION
At 1 January 2023 1,619
Charge for year 810
At 31 December 2023 2,429
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 810

Ubt Uk Division Limited (Registered number: 13096679)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors - 179

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Social security and other taxes 1,050 215
Other creditors 85,855 35,975
Net Wages 3,496 3,271
Accrued expenses 720 720
91,121 40,181

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary £ 1 1,000 1,000

8. RELATED PARTY DISCLOSURES

As at 31 December 2023 a balance of £ 85,855.00 is due to the company shareholder. The loan is interest free and repayable on demand. It is expected that this amount will be repaid by UBT UK Division Limited in the future but repayment will not be expected within twelve months of the balance sheet date.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Umbria Bioengineering Technologies Srl a company registered in Italy.

The ultimate controlling party is Mr G Tiberi.