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REGISTERED NUMBER: 09129616 (England and Wales)















GROUND UP CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






GROUND UP CONSTRUCTION LIMITED (REGISTERED NUMBER: 09129616)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GROUND UP CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: M J Bowker





REGISTERED OFFICE: Clarke Nicklin LLP
Clarke Nicklin House, Brooks Drive,
Cheadle Royal Business Park,
Cheadle
Cheshire
SK8 3TD





REGISTERED NUMBER: 09129616 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

GROUND UP CONSTRUCTION LIMITED (REGISTERED NUMBER: 09129616)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 9,893

CURRENT ASSETS
Debtors 5 6,489 7,687
Cash at bank 26,120 42,139
32,609 49,826
CREDITORS
Amounts falling due within one year 6 28,141 28,316
NET CURRENT ASSETS 4,468 21,510
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,468

31,403

CREDITORS
Amounts falling due after more than one
year

7

29,031

30,831
NET (LIABILITIES)/ASSETS (24,563 ) 572

CAPITAL AND RESERVES
Called up share capital 9 101 101
Retained earnings (24,664 ) 471
SHAREHOLDERS' FUNDS (24,563 ) 572

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

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

GROUND UP CONSTRUCTION LIMITED (REGISTERED NUMBER: 09129616)

BALANCE SHEET - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 April 2024 and were signed by:





M J Bowker - Director


GROUND UP CONSTRUCTION LIMITED (REGISTERED NUMBER: 09129616)

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


1. STATUTORY INFORMATION

Ground Up Construction 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.

Going concern
The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

GROUND UP CONSTRUCTION LIMITED (REGISTERED NUMBER: 09129616)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 558 8,429 12,463 3,085 24,535
Disposals (558 ) (8,429 ) (12,463 ) (3,085 ) (24,535 )
At 31 July 2023 - - - - -
DEPRECIATION
At 1 August 2022 496 2,017 10,848 1,281 14,642
Charge for year 15 1,671 404 451 2,541
Eliminated on disposal (511 ) (3,688 ) (11,252 ) (1,732 ) (17,183 )
At 31 July 2023 - - - - -
NET BOOK VALUE
At 31 July 2023 - - - - -
At 31 July 2022 62 6,412 1,615 1,804 9,893

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 6,489 7,687

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Other creditors 18,141 18,316
28,141 28,316

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 29,031 30,831

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 39,031 40,831

GROUND UP CONSTRUCTION LIMITED (REGISTERED NUMBER: 09129616)

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


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
1 Ordinary A £1 1 1
101 101

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M J Bowker.