Ultramax Property Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08466823 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ULTRAMAX PROPERTY HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C A Pallister

SECRETARY:

J S Mosalski

REGISTERED OFFICE:

Unit 1, Horbury Junction Industrial Park

Calder Vale Road

Horbury

Wakefield

WF4 5ER

REGISTERED NUMBER:

08466823 (England and Wales)

AUDITOR:

Fortus Audit LLP

Equinox House, Clifton Park

Shipton Road

York

Yorkshire

YO30 5PA

FIXED ASSETS

Investment property

4

4,050,000

CURRENT ASSETS

Debtors

5

93,079

85,767

Cash at bank

601,196

340,543

694,275

426,310

CREDITORS

Amounts falling due within one year

6

2,414,063

2,332,326

NET CURRENT LIABILITIES

(1,719,788

)

(1,906,016

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,330,212

2,143,984

PROVISIONS FOR LIABILITIES

276,055

290,057

NET ASSETS

2,054,157

1,853,927

CAPITAL AND RESERVES

Called up share capital

101

Revaluation reserve

828,163

424,218

Retained earnings

1,225,893

1,429,608

2,054,157

1,853,927

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 29 September 2025 and were signed by:

C A Pallister - Director

1.	STATUTORY INFORMATION

Ultramax Property Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The level of rounding used in the financial statements is to the nearest £1.

2.	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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

4,050,000

NET BOOK VALUE

At 31 December 2024

4,050,000

At 31 December 2023

4,050,000

The investment property was valued in 2023 by Vickers Carnley Ltd on an open market value for existing use basis. The director did not consider there to be any change in the fair value of the investment properties from the previous year.

If the investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024

2023

£

Historic cost

2,945,781

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

64,639

81,980

Other debtors

28,440

3,787

93,079

85,767

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

216

40

Corporation tax

62,076

66,972

VAT

12,674

27,956

Other creditors

2,201,519

2,201,518

Accruals and deferred income

137,578

35,840

2,414,063

2,332,326

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor was unqualified.

Frances Howard FCA (Senior Statutory Auditor)

for and on behalf of Fortus Audit LLP

8.	RELATED PARTY DISCLOSURES

During the year rental income of £99,000 was received from entities under common control and at 31 December 2024 £32,400 (2023: nil) was owed by entities under common control.

At 31 December 2024 loans of £20,892 (2023: £6,240) was owed from entities under common control.

At 31 December 2024 loans of £2,199,101 (2023: £2,199,101) was owed to entities under common control.

All loans are interest free and repayable on demand.