Company Registration No. 14199625 (England and Wales)
Ulverscroft Business Centre Ltd
Unaudited accounts
for the year ended 30 June 2024
Ulverscroft Business Centre Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
2,864,658
2,870,034
Cash at bank and in hand
139,562
43,690
Creditors: amounts falling due within one year
(74,340)
(4,938)
Net current assets
81,294
39,623
Total assets less current liabilities
2,945,952
2,909,657
Creditors: amounts falling due after more than one year
(3,090,000)
(2,940,000)
Net liabilities
(144,048)
(30,343)
Called up share capital
150
150
Profit and loss account
(144,198)
(30,493)
Shareholders' funds
(144,048)
(30,343)
For the year ending 30 June 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 4 February 2025 and were signed on its behalf by
Abdul Rashid THADHA
Director
Company Registration No. 14199625
Ulverscroft Business Centre Ltd
Notes to the Accounts
for the year ended 30 June 2024
Ulverscroft Business Centre Ltd is a private company, limited by shares, registered in England and Wales, registration number 14199625. The registered office is 85 Highway Road, Leicester, LE5 5RF.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Land & buildings
2% on straight line basis
4
Tangible fixed assets
Land & buildings
Charge for the year
37,701
Amounts falling due within one year
Accrued income and prepayments
857
871
Ulverscroft Business Centre Ltd
Notes to the Accounts
for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024
2023
Other creditors
3,438
3,438
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
3,090,000
2,940,000
8
Transactions with related parties
Other creditors include unsecured, interest free loans advanced:
£1,030,000 (2023: £980,000) by PCS Books Ltd a company in which Mr Suleman Aziz THADHA is materially interested as a director.
£1,030,000 (2023: £980,000) by Price Cut Books Ltd a company in which Mr Abdul Rashid THADHA is materially interested as a director.
£950,000 (2023: £950,000 by Humza Assets Limited a company in which Mr Humzah THADHA is materially interested as a director.
£30,000 (2023: £30,000) by Koblit Limited a company in which Mr Humzah THADHA is materially interested as a director.
£50,000 (2023: £nil) by Foblit Limited a company in which Mr Humzah THADHA is materially interested as a director.
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).