0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 12455175 2023-03-01 2023-12-31 12455175 2023-12-31 12455175 2023-02-28 12455175 2022-03-01 2023-02-28 12455175 2023-02-28 12455175 2022-02-28 12455175 bus:Director1 2023-03-01 2023-12-31 12455175 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 12455175 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-01 2023-12-31 12455175 core:WithinOneYear 2023-12-31 12455175 core:WithinOneYear 2023-02-28 12455175 core:ShareCapital 2023-12-31 12455175 core:ShareCapital 2023-02-28 12455175 core:RetainedEarningsAccumulatedLosses 2023-12-31 12455175 bus:Director1 2023-02-28 12455175 bus:Director1 2023-12-31 12455175 bus:Director1 2023-02-28 12455175 bus:Director1 2022-03-01 2023-02-28 12455175 bus:SmallEntities 2023-03-01 2023-12-31 12455175 bus:AuditExempt-NoAccountantsReport 2023-03-01 2023-12-31 12455175 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2023-12-31 12455175 bus:PrivateLimitedCompanyLtd 2023-03-01 2023-12-31 12455175 bus:FullAccounts 2023-03-01 2023-12-31 12455175 core:ComputerEquipment 2023-03-01 2023-12-31 12455175 core:ComputerEquipment 2023-12-31
COMPANY REGISTRATION NUMBER: 12455175
UB2 Investments LTD
Filleted Unaudited Financial Statements
31 December 2023
UB2 Investments LTD
Statement of Financial Position
31 December 2023
31 Dec 23
28 Feb 23
Note
£
£
Fixed assets
Tangible assets
4
420,622
Current assets
Debtors
5
1,481
6
Cash at bank and in hand
17,908
10,994
--------
--------
19,389
11,000
Creditors: amounts falling due within one year
6
439,007
10,900
---------
--------
Net current (liabilities)/assets
( 419,618)
100
---------
----
Total assets less current liabilities
1,004
100
-------
----
Net assets
1,004
100
-------
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
904
-------
----
Shareholders funds
1,004
100
-------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
UB2 Investments LTD
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 11 November 2024 , and are signed on behalf of the board by:
Mr J N Vohra
Director
Company registration number: 12455175
UB2 Investments LTD
Notes to the Financial Statements
Period from 1 March 2023 to 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 45 Craneswater Park, Norwood Green, Southall, Middlesex, UB2 5RW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% reducing balance
4. Tangible assets
Freehold property
Equipment
Total
£
£
£
Cost
At 1 March 2023
Additions
419,522
1,375
420,897
---------
-------
---------
At 31 December 2023
419,522
1,375
420,897
---------
-------
---------
Depreciation
At 1 March 2023
Charge for the period
275
275
---------
-------
---------
At 31 December 2023
275
275
---------
-------
---------
Carrying amount
At 31 December 2023
419,522
1,100
420,622
---------
-------
---------
At 28 February 2023
---------
-------
---------
5. Debtors
31 Dec 23
28 Feb 23
£
£
Other debtors
1,481
6
-------
----
6. Creditors: amounts falling due within one year
31 Dec 23
28 Feb 23
£
£
Other creditors
439,007
10,900
---------
--------
7. Director's advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
31 Dec 23
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr J N Vohra
( 10,900)
( 37,507)
( 48,407)
--------
--------
--------
28 Feb 23
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr J N Vohra
( 10,900)
( 10,900)
----
--------
--------