Company Registration No. 13903081 (England and Wales)
Uzo Royalties Limited
Unaudited accounts
for the year ended 31 March 2025
Uzo Royalties Limited
Unaudited accounts
Contents
Uzo Royalties Limited
Company Information
for the year ended 31 March 2025
Company Number
13903081 (England and Wales)
Registered Office
105 COLLEGE PLACE
LONDON
NW1 0DR
ENGLAND
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
Uzo Royalties Limited
Statement of financial position
as at 31 March 2025
Intangible assets
1,430,165
1,556,981
Tangible assets
2,134
2,846
Cash at bank and in hand
21,496
9,961
Creditors: amounts falling due within one year
(4,587)
(855)
Net current assets
16,909
9,106
Total assets less current liabilities
1,449,208
1,568,933
Creditors: amounts falling due after more than one year
(1,567,673)
(1,649,904)
Net liabilities
(118,465)
(80,971)
Called up share capital
1
1
Profit and loss account
(118,466)
(80,972)
Shareholders' funds
(118,465)
(80,971)
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 December 2025 and were signed on its behalf by
Jerome Uzoziri
Director
Company Registration No. 13903081
Uzo Royalties Limited
Notes to the Accounts
for the year ended 31 March 2025
Uzo Royalties Limited is a private company, limited by shares, registered in England and Wales, registration number 13903081. The registered office is 105 COLLEGE PLACE, LONDON, NW1 0DR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The director has considered the effect of future events on the company and has determined that they do not create a material uncertainty that casts significant doubt upon the company's ability to continue as a going concern. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.
Uzo Royalties Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Other
At 31 March 2025
2,033,530
Charge for the year
220,299
At 31 March 2025
1,430,165
At 31 March 2024
1,556,981
5
Tangible fixed assets
Plant & machinery
6
Creditors: amounts falling due within one year
2025
2024
Other creditors
3,220
(20)
Loans from directors
648
336
7
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
1,567,673
1,649,904
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).