Ullswater Properties Limited

Ullswater Properties Limited
Contents Page
For the year ended 31 March 2025

Accountants' report	1
Balance sheet	2
Notes to the financial statements	3

Ullswater Properties Limited Accountants' Report For the year ended 31 March 2025
Accountants report You consider that the company is exempt from an audit for the year ended 31 March 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. .................................................... Akhter's Limited Accountants and Business Advisors Akhter House 64 Castle Boulevard Nottingham NG7 1FN 06 November 2025 1

Ullswater Properties Limited
Accountants' Report
For the year ended 31 March 2025

Accountants report
You consider that the company is exempt from an audit for the year ended 31 March 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

....................................................

Akhter's Limited Accountants and Business Advisors
Akhter House
64 Castle Boulevard
Nottingham
NG7 1FN
06 November 2025

1

Ullswater Properties Limited
Balance Sheet
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	1,257,930	1,227,930
		1,257,930	1,227,930
Current assets
Debtors		408	616
Cash at bank and in hand		48,500	38,385
		48,908	39,001
Creditors: amount falling due within one year		(27,641)	(25,671)
Net current assets		21,267	13,330

Total assets less current liabilities		1,279,197	1,241,260
Creditors: amount falling due after more than one year		(916,385)	(890,173)
Net assets		362,812	351,087

Capital and reserves
Called up share capital	4	100	100
Share premium account		344,469	344,469
Profit and loss account		18,243	6,518
Shareholders' funds		362,812	351,087

For the year ended 31 March 2025 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 06 November 2025 and were signed on its behalf by:

-------------------------------
Dr Khalid Hussain Latief
Director

2

Ullswater Properties Limited
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

Ullswater Properties Limited is a private company, limited by shares, registered in England, registration number 11438538, registration address 14 Braefell Close,, West Bridgford, Nottingham,, NG2 6SS.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

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)

Rents Received

Rent received comprises the value of rent agreed with the tenants on accrual basis.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

2.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

3.

Tangible fixed assets

Cost or valuation	Investment properties	Total
	£	£
At 01 April 2024	1,227,930	1,227,930
Additions	30,000	30,000
Disposals	-	-
At 31 March 2025	1,257,930	1,257,930
Depreciation
At 01 April 2024	-	-
Charge for year	-	-
On disposals	-	-
At 31 March 2025	-	-
Net book values
Closing balance as at 31 March 2025	1,257,930	1,257,930
Opening balance as at 01 April 2024	1,227,930	1,227,930

4.

Share Capital

Authorised
100 Ordinary shares of £1.00 each

Allotted, called up and fully paid	2025 £		2024 £
100 Ordinary shares of £1.00 each	100		100
	100		100

5.

Related parties

During the year the company entered into the following transactions with related parties:

	Transaction value - income/(expenses)		Balance owed by/(owed to)
	2025 £	2024 £	2025 £	2024 £
DR K Latief Associates Ltd	0	0	(102,138)	(102,138)
Latief Group Ltd	0	0	(254,247)	(234,247)

The company has directors in common with DR K Latief Associates Ltd. At the balance sheet date, the company owed an interest free loan to DR K Latief Associates Ltd, included within creditors due after more than one year.
The company has directors in common with Latief Group Ltd. At the balance sheet date, the company owed an interest free loan to Latief Group Ltd, included within creditors due after more than one year.

3

Registered Number: 11438538
England
ULLSWATER PROPERTIES LIMITED

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025