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REGISTERED NUMBER: 11208736 (England and Wales)










Unaudited Financial Statements

for the Year Ended 29 March 2024

for

UB7 LTD

UB7 LTD (Registered number: 11208736)






Contents of the Financial Statements
for the Year Ended 29 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UB7 LTD

Company Information
for the Year Ended 29 March 2024







DIRECTOR: K N Patel





REGISTERED OFFICE: 27 Old Gloucester Street
Holborn
London
WC1N 3AX





REGISTERED NUMBER: 11208736 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Wynyard Business Park
Wynyard Avenue
Billingham
Cleveland
TS22 5TB

UB7 LTD (Registered number: 11208736)

Balance Sheet
29 March 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 3 704,128 704,128

Current assets
Debtors 4 5,622 1,360
Cash at bank and in hand 187 2,066
5,809 3,426
Creditors
Amounts falling due within one year 5 (390,652 ) (759,223 )
Net current liabilities (384,843 ) (755,797 )
Total assets less current liabilities 319,285 (51,669 )

Creditors
Amounts falling due after more than one year 6 (459,123 ) (37,097 )
Net liabilities (139,838 ) (88,766 )

Capital and reserves
Called up share capital 101 101
Retained earnings (139,939 ) (88,867 )
(139,838 ) (88,766 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

UB7 LTD (Registered number: 11208736)

Balance Sheet - continued
29 March 2024


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

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

The financial statements were approved by the director and authorised for issue on 26 June 2025 and were signed by:





K N Patel - Director


UB7 LTD (Registered number: 11208736)

Notes to the Financial Statements
for the Year Ended 29 March 2024

1. 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.
Freehold property - Not Depreciated

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.

GOING CONCERN
These financial statements have been prepared using the going concern basis. Whilst the company shows negative reserves the directors are committed to supporting the company during the construction phase which Sales expect to start in the next financial period.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

UB7 LTD (Registered number: 11208736)

Notes to the Financial Statements - continued
for the Year Ended 29 March 2024

3. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 30 March 2023
and 29 March 2024 704,128
NET BOOK VALUE
At 29 March 2024 704,128
At 29 March 2023 704,128

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,617 1,360
VAT 5 -
5,622 1,360

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 7) 9,589 9,591
Trade creditors 21,384 20,208
Amounts owed to group undertakings 312,457 645,224
Corporation tax 5,816 6,522
VAT - 804
Other creditors 34,598 71,281
Directors' current accounts 4,491 4,491
Accrued expenses 2,317 1,102
390,652 759,223

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 7) 459,123 37,097

Amounts falling due in more than five years:

Repayable by instalments
Mortgage loan 421,957 -

UB7 LTD (Registered number: 11208736)

Notes to the Financial Statements - continued
for the Year Ended 29 March 2024

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 9,589 9,591

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,831 9,833

Amounts falling due between two and five years:
Bank loans - 2-5 years 27,335 27,264

Amounts falling due in more than five years:

Repayable by instalments
Mortgage loan 421,957 -

8. RELATED PARTY DISCLOSURES

During the year the company received an interest free loan from company related by way of a director of that company also being a director of this company. As at the balance sheet date the total amount due was £312,457 (2023: £645,224).