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REGISTERED NUMBER: 02126820 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2024

for

Urgentfront Limited

Urgentfront Limited (Registered number: 02126820)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Urgentfront Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr D W G Hamilton





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 02126820 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Urgentfront Limited (Registered number: 02126820)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 12,453 15,566
Investment property 5 2,194,815 2,194,815
2,207,268 2,210,381

CURRENT ASSETS
Debtors 6 - 10,511
Cash at bank 5,797 11,209
5,797 21,720
CREDITORS
Amounts falling due within one year 7 (504,520 ) (531,151 )
NET CURRENT LIABILITIES (498,723 ) (509,431 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,708,545 1,700,950

CREDITORS
Amounts falling due after more than one year 8 (594,684 ) (589,420 )

PROVISIONS FOR LIABILITIES (153,527 ) (154,654 )
NET ASSETS 960,334 956,876

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 463,963 463,963
Retained earnings 11 496,271 492,813
SHAREHOLDERS' FUNDS 960,334 956,876

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Urgentfront Limited (Registered number: 02126820)

Balance Sheet - continued
31 March 2024


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 30 August 2024 and were signed by:





Mr D W G Hamilton - Director


Urgentfront Limited (Registered number: 02126820)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Urgentfront 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 as modified by the revaluation of certain assets.

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 consists of rents receivable. Revenue is recognised evenly over the rental period.

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 - 20% on reducing balance

Depreciation has not been provided for in respect of the buildings, on the basis that they are investment properties.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 NIL (2023 - NIL).

Urgentfront Limited (Registered number: 02126820)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 63,335
DEPRECIATION
At 1 April 2023 47,769
Charge for year 3,113
At 31 March 2024 50,882
NET BOOK VALUE
At 31 March 2024 12,453
At 31 March 2023 15,566

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 2,194,815
NET BOOK VALUE
At 31 March 2024 2,194,815
At 31 March 2023 2,194,815

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2014 618,617
Cost 1,576,198
2,194,815

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 1,576,198 1,576,198

The investment properties were valued on an open market basis on 31 March 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax - 10,511

Urgentfront Limited (Registered number: 02126820)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 21,056
Tax 747 -
Other creditors 2,615 2,615
Directors' loan accounts 500,138 506,490
Accrued expenses 1,020 990
504,520 531,151

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years - 21,056
Bank loans - 2-5 years - 63,144
Bank loans more 5 yr by instal 594,684 105,220
Bank loans more 5 yrs non-inst - 400,000
594,684 589,420

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst - 400,000

Repayable by instalments
Bank loans more 5 yr by instal 594,684 105,220

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 594,684 610,476

The loan is secured on the property owned by the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary A £1 100 100

Urgentfront Limited (Registered number: 02126820)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2023 492,813 463,963 956,776
Profit for the year 3,458 3,458
At 31 March 2024 496,271 463,963 960,234

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Urgentfront Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Urgentfront Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Urgentfront Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Urgentfront Limited and state those matters that we have agreed to state to the director of Urgentfront Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Urgentfront Limited and its director for our work or for this report.

It is your duty to ensure that Urgentfront Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Urgentfront Limited. You consider that Urgentfront Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Urgentfront Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY


30 August 2024