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Registered number: 08933833
UNDERONEROOF LIMITED
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Company Information
Director Mr Hugo Sells
Company Number 08933833
Registered Office C/O Bennet Brooks
50, Eastcastle Street
London
W1W 8EA
Accountants SGADMIN Ltd
18 Ferry Road
London
SW13 9PR
Page 1
Page 2
Balance Sheet
Registered number: 08933833
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 823
Investments 5 58,720 58,720
58,720 59,543
CURRENT ASSETS
Debtors 6 80,000 19,789
Cash at bank and in hand - 81,373
80,000 101,162
Creditors: Amounts Falling Due Within One Year 7 (25,983 ) (169 )
NET CURRENT ASSETS (LIABILITIES) 54,017 100,993
TOTAL ASSETS LESS CURRENT LIABILITIES 112,737 160,536
Creditors: Amounts Falling Due After More Than One Year 8 - (49,509 )
NET ASSETS 112,737 111,027
CAPITAL AND RESERVES
Called up share capital 9 152 152
Share premium account 221,278 221,278
Profit and Loss Account (108,693 ) (110,403 )
SHAREHOLDERS' FUNDS 112,737 111,027
Page 2
Page 3
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Hugo Sells
Director
28/11/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
UNDERONEROOF LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08933833 . The registered office is C/O Bennet Brooks, 50, Eastcastle Street, London, W1W 8EA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The going concern basis is not appropriate as the company sold the IP and undertaking in  its trading activity on 21st December 2022.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Straight Line 25% per annum
Computer Equipment Straight Line 25%
3. Average Number of Employees
1Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 854 5,512 6,366
Disposals (854 ) (5,512 ) (6,366 )
As at 28 February 2024 - - -
Depreciation
As at 1 March 2023 427 5,116 5,543
Disposals (427 ) (5,116 ) (5,543 )
As at 28 February 2024 - - -
Net Book Value
As at 28 February 2024 - - -
As at 1 March 2023 427 396 823
Page 4
Page 5
5. Investments
Unlisted
£
Cost
As at 1 March 2023 58,720
As at 28 February 2024 58,720
Provision
As at 1 March 2023 -
As at 28 February 2024 -
Net Book Value
As at 28 February 2024 58,720
As at 1 March 2023 58,720
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 19,457
Other debtors 80,000 -
VAT - 332
80,000 19,789
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 169
Bank loans and overdrafts 10,917 -
Director's loan account 15,066 -
25,983 169
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors - 49,509
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 152 152
Page 5