UB5 Property Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 9473092

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		700,000		700,000

			700,000		700,000
CURRENT ASSETS
Cash at bank and in hand		47		103

		47		103
Creditors: Amounts Falling Due Within One Year	5	(20,049 )		(18,437 )

NET CURRENT ASSETS (LIABILITIES)			(20,002 )		(18,334 )

TOTAL ASSETS LESS CURRENT LIABILITIES			679,998		681,666

Creditors: Amounts Falling Due After More Than One Year	6		(334,253 )		(347,277 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	7		(56,277 )		(50,771 )

NET ASSETS			289,468		283,618

CAPITAL AND RESERVES
Called up share capital	8		100		100
Revaluation reserve	9		185,483		190,989
Profit and Loss Account			103,885		92,529

SHAREHOLDERS' FUNDS			289,468		283,618

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UB5 Property Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Nicholas Bizzell

Director

10/06/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

UB5 Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 9473092 . The registered office is Unit B5, OYO Business Units, Crabtree Manorway North, Belvedere, Kent, DA17 6AX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Turnover

Rental income from investment properties represents sums due from tenants during the year.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for.

2.4. Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is provided on the investment property fair value gain. There is some uncertainty of the tax rate that would be applicable in the event of a disposal of part or all of the investment properties, which could be anything between the small companies rate of 19% up to the main rate of 25% or the marginal rate in between. However provision has been made at the higher rate.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Investment Properties
	£
Cost or Valuation
As at 1 April 2024	700,000

As at 31 March 2025	700,000

Net Book Value
As at 31 March 2025	700,000

As at 1 April 2024	700,000

Investment properties were valued at fair value as at 31 March 2025 by the directors. No adjustment is considered necessary this year.

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	12,431	10,937
Corporation tax	2,664	1,407
Other taxes and social security	1,400	1,300
Accruals and deferred income	1,654	1,738
Amounts owed to related parties	1,900	3,055

	20,049	18,437

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UB5 Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	281,853	294,877
Directors loan account	52,400	52,400

	334,253	347,277

Of the creditors falling due within and after more than one year the following amounts are due after more than five years.

	2025		2024
	£		£
Bank loans	232,556		239,862

7. Deferred Taxation

The provision for deferred taxation relates to the investment property fair value gain

	2025	2024
	£	£
Other timing differences	56,277	50,771

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Reserves

	Revaluation Reserve
	£
As at 1 April 2024	190,989
Surplus on revaluation	(5,506 )

As at 31 March 2025	185,483

10. Related Party Transactions

The company received rental income of £42,000 (2024 £36,500) from Bizzell Paper Company Limited, a company of which Mr Nicholas Bizzell is a director and substantial shareholder. This is in accordance with lease agreements and is a commercial market rent. At the 31 March 2025 there was a balance due to Bizzell Paper Company L:imited of £1,900 (2024 £3,055) which is included in creditors.

There was a balance due to the directors as at the 31 March 2025 of £52,400 (2024 £52,400) in respect of a joint loan to the company. The loan is unsecured, interest free and there is no determinable repayment date. It has been treated as long term finance.

11. Controlling Party

The directors believe that the ultimate joint controlling parties are the directors, Mr Nicholas Bizzell and Mr Lloyd Gregory by virtue of their ownership of 100% of the issued share capital in the company.

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