1 June 2022 false No description of principal activity Taxfiler 2023.12 06034805business:PrivateLimitedCompanyLtd2022-06-012023-05-31 060348052022-05-31 060348052022-06-012023-05-31 06034805business:AuditExemptWithAccountantsReport2022-06-012023-05-31 06034805business:FilletedAccounts2022-06-012023-05-31 060348052023-05-31 06034805business:Director12022-06-012023-05-31 06034805business:Director22022-06-012023-05-31 06034805business:RegisteredOffice2022-06-012023-05-31 060348052022-05-31 06034805core:WithinOneYear2023-05-31 06034805core:WithinOneYear2022-05-31 06034805core:AfterOneYear2023-05-31 06034805core:AfterOneYear2022-05-31 06034805core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 06034805core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 06034805core:RevaluationReservecore:PreviouslyStatedAmount2023-05-31 06034805core:RevaluationReservecore:PreviouslyStatedAmount2022-05-31 06034805core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 06034805core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 06034805core:PreviouslyStatedAmount2023-05-31 06034805core:PreviouslyStatedAmount2022-05-31 06034805business:SmallEntities2022-06-012023-05-31 06034805countries:EnglandWales2022-06-012023-05-31 06034805core:LandBuildings2022-06-012023-05-31 06034805core:MotorVehicles2022-06-012023-05-31 06034805core:FurnitureFittings2022-06-012023-05-31 06034805core:LandBuildings2022-05-31 06034805core:PlantMachinery2022-05-31 06034805core:MotorVehicles2022-05-31 06034805core:LandBuildings2023-05-31 06034805core:PlantMachinery2023-05-31 06034805core:MotorVehicles2023-05-31 06034805core:PlantMachinery2022-06-012023-05-31 060348052021-06-012022-05-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
Ultra Property Co Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
813,695 
834,575 
Current assets
Debtors
4,303 
3,666 
Cash at bank and in hand
111,351 
123,017 
115,654 
126,683 
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 
Capital and reserves
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
- 4 -
Ultra Property Co Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
2
Motor vehicles
25
Fixtures & fittings
15
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 
Depreciation
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 
Net book value
At 31 May 2023
795,247 
9,555 
8,893 
813,695 
At 31 May 2022
811,476 
11,241 
11,858 
834,575 
- 5 -
Ultra Property Co Ltd Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,203 
3,666 
Other debtors
100 
- 
4,303 
3,666 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
20,189 
18,218 
Obligations under finance leases and hire purchase contracts
- 
3,641 
Trade creditors
- 
25,676 
Taxes and social security
32,063 
37,526 
Other creditors
3,000 
3,000 
Loans from directors
5,497 
(14,503)
Accruals
1,311 
2,084 
62,060 
75,642 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
174,039 
199,047 
Trade creditors
25,676 
- 
Other creditors
35,938 
34,938 
235,653 
233,985 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 6 -