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REGISTERED NUMBER: 08018645 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Underpinning London Limited

Underpinning London Limited (Registered number: 08018645)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountant 7

Underpinning London Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr Edward Nicholas Babbage
Mr Volodymyr Stetsyshyn





SECRETARY:





REGISTERED OFFICE: 36 Oakhill Road
Sutton
Surrey
SM1 3AE





REGISTERED NUMBER: 08018645 (England and Wales)





ACCOUNTANT: Marden & Co Accountants Limited
45 Nork Way
Banstead
Surrey
SM7 1PB

Underpinning London Limited (Registered number: 08018645)

Abridged Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,051 11,791

CURRENT ASSETS
Debtors 78,709 76,199
Cash at bank 12,452 5,109
91,161 81,308
CREDITORS
Amounts falling due within one year 78,084 68,152
NET CURRENT ASSETS 13,077 13,156
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,128

24,947

CREDITORS
Amounts falling due after more than one
year

15,810

23,913
NET ASSETS 1,318 1,034

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 1,218 934
SHAREHOLDERS' FUNDS 1,318 1,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Underpinning London Limited (Registered number: 08018645)

Abridged Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:




Mr Volodymyr Stetsyshyn - Director



Mr Edward Nicholas Babbage - Director


Underpinning London Limited (Registered number: 08018645)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Underpinning London Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Underpinning London Limited (Registered number: 08018645)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 97,212
Disposals (7,940 )
At 30 April 2024 89,272
DEPRECIATION
At 1 May 2023 85,421
Charge for year 7,740
Eliminated on disposal (7,940 )
At 30 April 2024 85,221
NET BOOK VALUE
At 30 April 2024 4,051
At 30 April 2023 11,791

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Totals
£   
COST
At 1 May 2023 7,940
Disposals (7,940 )
At 30 April 2024 -
DEPRECIATION
At 1 May 2023 7,940
Eliminated on disposal (7,940 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Underpinning London Limited (Registered number: 08018645)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr Volodymyr Stetsyshyn
Balance outstanding at start of year 13,054 24,338
Amounts repaid - (11,284 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 13,054

Underpinning London Limited

Report of the Accountant to the Directors of
Underpinning London Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Marden & Co Accountants Limited
45 Nork Way
Banstead
Surrey
SM7 1PB


22 January 2025