1 June 2023 false No description of principal activity Taxfiler 2024.5 06034805business:PrivateLimitedCompanyLtd2023-06-012024-05-31 060348052023-05-31 060348052023-06-012024-05-31 06034805business:AuditExempt-NoAccountantsReport2023-06-012024-05-31 06034805business:FilletedAccounts2023-06-012024-05-31 060348052024-05-31 06034805business:Director12023-06-012024-05-31 06034805business:Director22023-06-012024-05-31 06034805business:RegisteredOffice2023-06-012024-05-31 060348052023-05-31 06034805core:WithinOneYear2024-05-31 06034805core:WithinOneYear2023-05-31 06034805core:AfterOneYear2024-05-31 06034805core:AfterOneYear2023-05-31 06034805core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 06034805core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 06034805core:RevaluationReservecore:PreviouslyStatedAmount2024-05-31 06034805core:RevaluationReservecore:PreviouslyStatedAmount2023-05-31 06034805core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 06034805core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 06034805core:PreviouslyStatedAmount2024-05-31 06034805core:PreviouslyStatedAmount2023-05-31 06034805business:SmallEntities2023-06-012024-05-31 06034805countries:EnglandWales2023-06-012024-05-31 06034805core:MotorVehicles2023-06-012024-05-31 06034805core:FurnitureFittings2023-06-012024-05-31 06034805core:PlantMachinery2023-05-31 06034805core:MotorVehicles2023-05-31 06034805core:PlantMachinery2023-06-012024-05-31 06034805core:PlantMachinery2024-05-31 06034805core:MotorVehicles2024-05-31 060348052022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 06034805 (England and Wales)
Ultra Property Co Ltd Unaudited accounts for the year ended 31 May 2024
Ultra Property Co Ltd Unaudited accounts Contents
Page
- 2 -
Ultra Property Co Ltd Company Information for the year ended 31 May 2024
Directors
Paul Buck Mark Baxter
Company Number
06034805 (England and Wales)
Registered Office
62 VITTORIA STREET WIRRAL CH41 3NX United Kingdom
- 3 -
Ultra Property Co Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
18,448 
Investment property
1,750,000 
990,000 
1,750,000 
1,008,448 
Current assets
Debtors
3,500 
4,303 
Cash at bank and in hand
36,655 
111,351 
40,155 
115,654 
Creditors: amounts falling due within one year
(49,392)
(62,060)
Net current (liabilities)/assets
(9,237)
53,594 
Total assets less current liabilities
1,740,763 
1,062,042 
Creditors: amounts falling due after more than one year
(176,300)
(235,653)
Provisions for liabilities
Deferred tax
(282,648)
(97,648)
Net assets
1,281,815 
728,741 
Capital and reserves
Called up share capital
3 
3 
Revaluation reserve
1,130,593 
390,593 
Profit and loss account
151,219 
338,145 
Shareholders' funds
1,281,815 
728,741 
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by
Paul Buck Director Company Registration No. 06034805
- 4 -
Ultra Property Co Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Ultra Property Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 06034805. The registered office is 62 VITTORIA STREET, WIRRAL, CH41 3NX, United Kingdom.
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 year, 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.
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:
Motor vehicles
25
Fixtures & fittings
15
- 5 -
Ultra Property Co Ltd Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
70,975 
60,973 
131,948 
Disposals
(70,975)
(60,973)
(131,948)
At 31 May 2024
- 
- 
- 
Depreciation
At 1 June 2023
61,420 
52,080 
113,500 
On disposals
(61,420)
(52,080)
(113,500)
At 31 May 2024
- 
- 
- 
Net book value
At 31 May 2024
- 
- 
- 
At 31 May 2023
9,555 
8,893 
18,448 
5
Investment property
2024 
£ 
Fair value at 1 June 2023
990,000 
Additions
20,000 
Net gain from fair value adjustments
740,000 
At 31 May 2024
1,750,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
4,203 
Other debtors
3,500 
100 
3,500 
4,303 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
16,727 
20,189 
Trade creditors
10,000 
- 
Taxes and social security
25,295 
32,063 
Other creditors
- 
3,000 
Loans from directors
(4,503)
5,497 
Accruals
1,873 
1,311 
49,392 
62,060 
- 6 -
Ultra Property Co Ltd Notes to the Accounts for the year ended 31 May 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
152,617 
174,039 
Trade creditors
- 
25,676 
Other creditors
23,683 
35,938 
176,300 
235,653 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 7 -