2022-12-012023-11-302023-11-30false13045999ULTRAHORSE 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ULTRAHORSE LIMITED

Registered Number
13045999
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

ULTRAHORSE LIMITED
Company Information
for the year from 1 December 2022 to 30 November 2023

Director

ROPOTOVS, Anatolijs

Registered Address

5th Floor 76 Wardour Street
London
W1F 0UR

Registered Number

13045999 (England and Wales)
ULTRAHORSE LIMITED
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets513,94012,678
Investments61-
13,94112,678
Current assets
Debtors8806,455140,537
Cash at bank and on hand36,2941,506,447
842,7491,646,984
Creditors amounts falling due within one year9(677,264)(322,522)
Net current assets (liabilities)165,4851,324,462
Total assets less current liabilities179,4261,337,140
Provisions for liabilities10(2,649)-
Net assets176,7771,337,140
Capital and reserves
Called up share capital11
Other reserves2,484,4512,484,451
Profit and loss account(2,307,675)(1,147,312)
Shareholders' funds176,7771,337,140
The financial statements were approved and authorised for issue by the Director on 11 September 2024, and are signed on its behalf by:
ROPOTOVS, Anatolijs
Director
Registered Company No. 13045999
ULTRAHORSE LIMITED
Notes to the Financial Statements
for the year ended 30 November 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
4.Employee information

20232022
Average number of employees during the year1825
5.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 December 2214,12914,129
Additions7,5967,596
At 30 November 2321,72521,725
Depreciation and impairment
At 01 December 221,4511,451
Charge for year6,3346,334
At 30 November 237,7857,785
Net book value
At 30 November 2313,94013,940
At 30 November 2212,67812,678
6.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
Additions11
At 30 November 2311
Net book value
At 30 November 2311
At 30 November 22--

Notes

1Investments in group undertakings and participating interests
7.Description of nature of transactions and balances with related parties
As of 30th November 2023, the company owed the Director £463,490 (2022 - £151,919), the loan is not interest bearing, is un-secured and has no set repayment terms.
8.Debtors

2023

2022

££
Amounts owed by group undertakings661,627-
Other debtors120,796131,707
Prepayments and accrued income24,0328,830
Total806,455140,537
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables177,985170,603
Amounts owed to related parties463,490151,919
Accrued liabilities and deferred income35,789-
Total677,264322,522
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)2,649-
Total2,649-