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Registered number: 12878570










UMBRA HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
UMBRA HOLDINGS LIMITED
REGISTERED NUMBER: 12878570

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
767,219
783,928

Investments
 5 
32,739
150

  
799,958
784,078

Current assets
  

Debtors: amounts falling due within one year
 6 
91,547
269,783

Cash at bank and in hand
 7 
219,648
28,547

  
311,195
298,330

Creditors: amounts falling due within one year
 8 
(318,397)
(318,374)

Net current liabilities
  
 
 
(7,202)
 
 
(20,044)

Total assets less current liabilities
  
792,756
764,034

Creditors: amounts falling due after more than one year
 9 
(257,974)
(274,790)

Provisions for liabilities
  

Deferred tax
  
(11,659)
(9,573)

  
 
 
(11,659)
 
 
(9,573)

Net assets
  
523,123
479,671


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
522,923
479,471

  
523,123
479,671


Page 1

 
UMBRA HOLDINGS LIMITED
REGISTERED NUMBER: 12878570
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Nigel Hill
Director

Date: 12 March 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
UMBRA HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Umbra Holdings Limited is a private company, limited by shares, registered in England and Wales. The company's registered address is:
31 Ystrad Road
Swansea West Business Park
Swansea
SA5 4BT
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Preparation of consolidated financial statements

The financial statements contain information about Umbra Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned group companies.
 

 
2.3

Turnover

Turnover is measured at the fair value of the consideration recevied or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Rental income is recognised evenly over the period of the underlying lease.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
UMBRA HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Current and deferred taxation

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
UMBRA HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

Valuation of investments

Investments in the shares of subsidiary and associated companies are stated at cost, less any provision for permanent diminution in value.

  
2.10

Financial Instruments

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

  
2.11

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors which are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision only effects that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The following are the critical judgements that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
Impairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the income statement.
Provisions and contingencies
Provisions are recognised when the company has a present obligation as a result of a past event and a reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent liabilities are disclosed unless a transfer of economic benefits is considered remote. Contingent assets are only disclosed if an inflow of economic benefits is probable.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
UMBRA HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 January 2024
835,447



At 31 December 2024

835,447



Depreciation


At 1 January 2024
51,519


Charge for the year on owned assets
16,709



At 31 December 2024

68,228



Net book value



At 31 December 2024
767,219



At 31 December 2023
783,928


5.


Fixed asset investments





Investments in subsidiary companies
Investments in associates
Unlisted investments
Total

£
£
£
£



Cost or valuation


At 1 January 2024
100
50
-
150


Additions
20,089
-
12,500
32,589



At 31 December 2024
20,189
50
12,500
32,739






Page 6

 
UMBRA HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Other debtors
91,547
269,783

91,547
269,783



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
219,648
28,547

219,648
28,547



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
17,197
17,174

Other creditors
300,000
300,000

Accruals and deferred income
1,200
1,200

318,397
318,374


Page 7

 
UMBRA HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
257,974
274,790

257,974
274,790


The following liabilities were secured:

2024
2023
£
£



Bank loans
275,172
291,964

275,172
291,964

Details of security provided:

The company's subsidiary, Spectrum Supply Limited, has offered a guarantee of £500,000 in relation to the bank loan. Directors N & P Hill have also offered a guarantee of £125,000 towards the bank loan.

Page 8

 
UMBRA HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
17,197
17,174


17,197
17,174

Amounts falling due 1-2 years

Bank loans
34,393
34,349


34,393
34,349

Amounts falling due 2-5 years

Bank loans
85,983
85,872


85,983
85,872

Amounts falling due after more than 5 years

Bank loans
137,598
154,569

137,598
154,569

275,171
291,964



11.


Related party transactions

At the balance sheet date the company owed the directors £300,000 (2023 - £300,000). The balance is interest free, unsecured and repayable on demand.

 
Page 9