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Company No: 13606938 (England and Wales)

ULYSSES HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

ULYSSES HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

ULYSSES HOLDINGS LIMITED

BALANCE SHEET

As at 31 January 2024
ULYSSES HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 January 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 116 145
Investments 4 120 120
236 265
Current assets
Debtors 5 21,870 21,870
Cash at bank and in hand 6 943 2,533
22,813 24,403
Creditors: amounts falling due within one year 7 ( 60,740) ( 55,964)
Net current liabilities (37,927) (31,561)
Total assets less current liabilities (37,691) (31,296)
Net liabilities ( 37,691) ( 31,296)
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account ( 37,791 ) ( 31,396 )
Total shareholders' deficit ( 37,691) ( 31,296)

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Ulysses Holdings Limited (registered number: 13606938) were approved and authorised for issue by the Director on 01 November 2024. They were signed on its behalf by:

D Francis
Director
ULYSSES HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
ULYSSES HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ulysses Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 7 Alison Way, Winchester, SO22 5BT, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 February 2023 150 150
At 31 January 2024 150 150
Accumulated depreciation
At 01 February 2023 5 5
Charge for the financial year 29 29
At 31 January 2024 34 34
Net book value
At 31 January 2024 116 116
At 31 January 2023 145 145

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 February 2023 120
At 31 January 2024 120
Carrying value at 31 January 2024 120
Carrying value at 31 January 2023 120

5. Debtors

2024 2023
£ £
Other debtors 21,870 21,870

6. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 943 2,533

7. Creditors: amounts falling due within one year

2024 2023
£ £
Other taxation and social security 1 844
Other creditors 60,739 55,120
60,740 55,964

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and not yet paid
100 Ordinary Shares shares of £ 1.00 each 100 100