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Registration number: 07787913

The Ultimate 10 Percent Limited

Unaudited Financial Statements

30 September 2024

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The Ultimate 10 Percent Limited

Contents

Accountants' Report

1

Balance Sheet

2

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Ultimate 10 Percent Limited
for the Year Ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Ultimate 10 Percent Limited for the year ended 30 September 2024 as set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of The Ultimate 10 Percent Limited, as a body, in accordance with the terms of our engagement letter dated 15 February 2022. Our work has been undertaken solely to prepare for your approval the accounts of The Ultimate 10 Percent Limited and state those matters that we have agreed to state to the Board of Directors of The Ultimate 10 Percent Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Ultimate 10 Percent Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Ultimate 10 Percent Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Ultimate 10 Percent Limited. You consider that The Ultimate 10 Percent Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Ultimate 10 Percent Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

17 February 2025

 

The Ultimate 10 Percent Limited

(Registration number: 07787913)
Balance Sheet as at 30 September 2024

2024
£

2023
£

Fixed assets

 

1,196

2,565

Current assets

 

360,715

334,255

Prepayments and accrued income

 

-

25

Creditors: Amounts falling due within one year

 

(12,397)

(30,224)

Net current assets

 

348,318

304,056

Total assets less current liabilities

 

349,514

306,621

Accruals and deferred income

 

(1,500)

(3,774)

   

348,014

302,847

Capital and reserves

 

348,014

302,847

 

The Ultimate 10 Percent Limited

(Registration number: 07787913)
Balance Sheet as at 30 September 2024 (continued)

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

3

Related party transactions

Transactions with directors

2024

At 1 October 2023
£

Advances
£

Repayments
£

Dividends credited
£

Interest
£

At 30 September 2024
£

S A Rees

Loan to director

91,504

34,512

(2,604)

(1,000)

2,184

124,596

             
         

J D Lawton

Loan to director

91,504

34,512

(2,604)

(1,000)

2,184

124,596

             
         

 

2023

At 1 October 2022
£

Advances
£

Repayments
£

Dividends credited
£

Interest
£

At 30 September 2023
£

S A Rees

Loan to director

63,287

29,095

(541)

(2,000)

1,663

91,504

             
         

J D Lawton

Loan to director

63,288

29,094

(541)

(2,000)

1,663

91,504

             
         

 

Directors' advances are repayable on demand.

Interest has been charged at a rate of 2% on advances to directors up to 5 April 2023 and at 2.25% thereafter.

 

The Ultimate 10 Percent Limited

(Registration number: 07787913)
Balance Sheet as at 30 September 2024 (continued)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the micro entities regime and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 February 2025 and signed on its behalf by:
 

.........................................
J D Lawton
Director