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REGISTERED NUMBER: 10736452 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Ubernet Limited

Ubernet Limited (Registered number: 10736452)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ubernet Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: R E Taylor



REGISTERED OFFICE: 21 Kings Meadow Road
Colchester
Essex
CO1 1XS



REGISTERED NUMBER: 10736452 (England and Wales)



ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ



BANKERS: Metro Bank
One Southampton Row
London
WC1B 5HA

Ubernet Limited (Registered number: 10736452)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,636 85,892
Investments 5 750,100 930,153
751,736 1,016,045

CURRENT ASSETS
Debtors 6 607,990 647,000
Cash at bank 2,131,962 1,546,475
2,739,952 2,193,475
CREDITORS
Amounts falling due within one year 7 141,186 141,523
NET CURRENT ASSETS 2,598,766 2,051,952
TOTAL ASSETS LESS CURRENT LIABILITIES 3,350,502 3,067,997

CAPITAL AND RESERVES
Called up share capital 8 1 1
Share premium 749,999 749,999
Fair value reserve 9 - 1,091
Retained earnings 2,600,502 2,316,906
SHAREHOLDERS' FUNDS 3,350,502 3,067,997

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Ubernet Limited (Registered number: 10736452)

Statement of Financial Position - continued
30 April 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 5 August 2024 and were signed by:





R E Taylor - Director


Ubernet Limited (Registered number: 10736452)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Ubernet 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33% on cost
Motor vehicles - 25% on reducing balance

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

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 statement of financial position date.


Ubernet Limited (Registered number: 10736452)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Office Motor
equipment vehicles Totals
£    £    £   
COST
At 1 May 2023 779 136,692 137,471
Additions 1,615 - 1,615
Disposals - (136,692 ) (136,692 )
At 30 April 2024 2,394 - 2,394
DEPRECIATION
At 1 May 2023 319 51,260 51,579
Charge for year 439 - 439
Eliminated on disposal - (51,260 ) (51,260 )
At 30 April 2024 758 - 758
NET BOOK VALUE
At 30 April 2024 1,636 - 1,636
At 30 April 2023 460 85,432 85,892

Ubernet Limited (Registered number: 10736452)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 May 2023 750,100 180,053 930,153
Additions - 169,021 169,021
Disposals - (349,074 ) (349,074 )
At 30 April 2024 750,100 - 750,100
NET BOOK VALUE
At 30 April 2024 750,100 - 750,100
At 30 April 2023 750,100 180,053 930,153

Cost or valuation at 30 April 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2023 - 1,091 1,091
Cost 750,100 - 750,100
750,100 1,091 751,191

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 569,553 608,400
Other debtors 38,437 38,600
607,990 647,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 140,061 140,448
Other creditors 1,125 1,075
141,186 141,523

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

Ubernet Limited (Registered number: 10736452)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. RESERVES
Fair
value
reserve
£   
At 1 May 2023 1,091
Listed Investment Gains (1,091 )

At 30 April 2024 -