Registered number
08658858
UK Ground Rent Estates Limited
Filleted Accounts
31 March 2025
UK Ground Rent Estates Limited
Registered number: 08658858
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Investments 3 2 2
Current assets
Debtors 4 69,434 69,281
Cash at bank and in hand 7,454 754
76,888 70,035
Creditors: amounts falling due within one year 5 (21,965) (27,465)
Net current assets 54,923 42,570
Net assets 54,925 42,572
Capital and reserves
Called up share capital 1 1
Profit and loss account 54,924 42,571
Shareholder's funds 54,925 42,572
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
I R Baggett, Professor, BSc (Hons), PhD, MRICS, FRGS
Director
Approved by the board on 6 August 2025
UK Ground Rent Estates Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Exemption from preparing consolidated financial statements
The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that the company and its subsidiary undertakings comprise a small sized group.
Investments
Investments in subsidiaries are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2024 2
At 31 March 2025 2
4 Debtors 2025 2024
£ £
Amounts owed by group undertakings 69,433 69,233
Deferred tax asset - 47
Other debtors 1 1
69,434 69,281
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors - 5,500
Amounts owed to related parties 21,963 21,963
Other creditors 2 2
21,965 27,465
6 Related party transactions
The company has taken advantage of the exemption under FRS 102 from disclosing transactions with wholly owned members of the group.
7 Other information
UK Ground Rent Estates Limited is a private company limited by shares and incorporated in England. Its registered office is:
Nelson House, The Fleming
Burdon Terrace
Jesmond
Newcastle upon Tyne
NE2 3AE
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