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Company Registration No. 13903081 (England and Wales)
Uzo Royalties Limited Unaudited accounts for the period from 1 March 2023 to 31 March 2024
Uzo Royalties Limited Unaudited accounts Contents
Page
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Uzo Royalties Limited Company Information for the period from 1 March 2023 to 31 March 2024
Director
Jerome Uzoziri
Company Number
13903081 (England and Wales)
Registered Office
105 COLLEGE PLACE LONDON NW1 0DR ENGLAND
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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Uzo Royalties Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,556,981 
1,556,043 
Tangible assets
2,846 
1,600 
1,559,827 
1,557,643 
Current assets
Cash at bank and in hand
9,961 
2,145 
Creditors: amounts falling due within one year
(855)
(539)
Net current assets
9,106 
1,606 
Total assets less current liabilities
1,568,933 
1,559,249 
Creditors: amounts falling due after more than one year
(1,649,904)
(1,564,910)
Net liabilities
(80,971)
(5,661)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(80,972)
(5,662)
Shareholders' funds
(80,971)
(5,661)
For the period ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 2 August 2024 and were signed on its behalf by
Jerome Uzoziri Director Company Registration No. 13903081
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Uzo Royalties Limited Notes to the Accounts for the period from 1 March 2023 to 31 March 2024
1
Statutory information
Uzo Royalties Limited is a private company, limited by shares, registered in England and Wales, registration number 13903081. The registered office is 105 COLLEGE PLACE, LONDON, NW1 0DR, ENGLAND.
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 period, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Going concern
The director has considered the effect of future events on the company and has determined that they do not create a material uncertainty that casts significant doubt upon the company's ability to continue as a going concern. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.
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Uzo Royalties Limited Notes to the Accounts for the period from 1 March 2023 to 31 March 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 March 2023
1,728,937 
Additions
211,110 
At 31 March 2024
1,940,047 
Amortisation
At 1 March 2023
172,894 
Charge for the period
210,172 
At 31 March 2024
383,066 
Net book value
At 31 March 2024
1,556,981 
At 28 February 2023
1,556,043 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
2,000 
Additions
2,033 
At 31 March 2024
4,033 
Depreciation
At 1 March 2023
400 
Charge for the period
787 
At 31 March 2024
1,187 
Net book value
At 31 March 2024
2,846 
At 28 February 2023
1,600 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
(20)
- 
Loans from directors
336 
- 
Accruals
539 
539 
855 
539 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
1,649,904 
1,564,910 
8
Average number of employees
During the period the average number of employees was 1 (2023: 1).
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