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REGISTERED NUMBER: 09877927 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ULTRA GREEN DEVELOPMENTS LIMITED

ULTRA GREEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09877927)






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


ULTRA GREEN DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs S L Richards
M A Richards





REGISTERED OFFICE: Jungfrau
Deepdene Park Road
Dorking
Surrey
RH5 4AW





REGISTERED NUMBER: 09877927 (England and Wales)





ACCOUNTANTS: Ellis Atkins
Chartered Accountants
The Atrium Business Centre
Curtis Road
Dorking
Surrey
RH4 1XA

ULTRA GREEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09877927)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,590 21,078
Investments 5 100 100
Investment property 6 2,339,000 2,339,000
2,354,690 2,360,178

CURRENT ASSETS
Stocks 410,569 -
Debtors 7 4,705,758 5,144,030
Cash at bank 36,943 24,399
5,153,270 5,168,429
CREDITORS
Amounts falling due within one year 8 4,873,656 5,058,388
NET CURRENT ASSETS 279,614 110,041
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,634,304

2,470,219

CREDITORS
Amounts falling due after more than one
year

9

(750,000

)

(750,000

)

PROVISIONS FOR LIABILITIES (134,174 ) (134,174 )
NET ASSETS 1,750,130 1,586,045

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 432,641 432,641
Retained earnings 1,317,389 1,153,304
SHAREHOLDERS' FUNDS 1,750,130 1,586,045

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 directors acknowledge their 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.

ULTRA GREEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09877927)

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 Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:





M A Richards - Director


ULTRA GREEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09877927)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Ultra Green Developments 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.

Preparation of consolidated financial statements
The financial statements contain information about Ultra Green Developments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents rents receivable and sale of developed properties, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Computer equipment - 50% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
In accordance with Financial Reporting Standard 102 investment properties are revalued annually and the aggregate surplus or deficit is dealt with through the profit and loss account. The gain/loss is transferred to a fair value reserve after adjusting for deferred tax. No depreciation is provided in respect of investment properties.

Stocks
Stock is property held for re-sale, recognised at the lower of cost or net realisable value.

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.

ULTRA GREEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09877927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 23,390 5,100 28,490
Additions - 1,023 1,023
At 31 March 2024 23,390 6,123 29,513
DEPRECIATION
At 1 April 2023 3,411 4,001 7,412
Charge for year 5,848 663 6,511
At 31 March 2024 9,259 4,664 13,923
NET BOOK VALUE
At 31 March 2024 14,131 1,459 15,590
At 31 March 2023 19,979 1,099 21,078

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 March 2023 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 2,339,000
NET BOOK VALUE
At 31 March 2024 2,339,000
At 31 March 2023 2,339,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 2,339,000

ULTRA GREEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09877927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

31/3/24 31/3/23
£    £   
Cost 1,772,185 1,772,185

Investment property was valued on an open market basis on 31 March 2024 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Other debtors 4,705,758 5,144,030

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Taxation and social security 61,552 27,969
Other creditors 4,812,104 5,030,419
4,873,656 5,058,388

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans 750,000 750,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
40 Ordinary A £1 40 40
40 Ordinary B £1 40 40
10 Ordinary C £1 10 10
10 Ordinary D £1 10 10
100 100

11. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 432,641

The movement between retained earnings and the fair value reserve represents the unrealised gain/loss on revaluation of investment property, net of the deferred tax provision. The fair value reserve is not distributable.