IRIS Accounts Production v25.4.12.37 02794851 Board of Directors 1.7.24 30.6.25 30.6.25 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02794851 2024-06-30 02794851 2025-06-30 02794851 2024-07-01 2025-06-30 02794851 2023-05-31 02794851 2023-06-01 2024-06-30 02794851 2024-06-30 02794851 ns15:EnglandWales 2024-07-01 2025-06-30 02794851 ns14:PoundSterling 2024-07-01 2025-06-30 02794851 ns10:Director1 2024-07-01 2025-06-30 02794851 ns10:PublicLimitedCompanyPLC 2024-07-01 2025-06-30 02794851 ns10:SmallEntities 2024-07-01 2025-06-30 02794851 ns10:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 02794851 ns10:SmallCompaniesRegimeForDirectorsReport 2024-07-01 2025-06-30 02794851 ns10:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 02794851 ns10:FullAccounts 2024-07-01 2025-06-30 02794851 ns10:Director2 2024-07-01 2025-06-30 02794851 ns10:Director3 2024-07-01 2025-06-30 02794851 ns10:Director4 2024-07-01 2025-06-30 02794851 ns10:Director5 2024-07-01 2025-06-30 02794851 ns10:CompanySecretary1 2024-07-01 2025-06-30 02794851 ns10:RegisteredOffice 2024-07-01 2025-06-30 02794851 ns5:CurrentFinancialInstruments 2025-06-30 02794851 ns5:CurrentFinancialInstruments 2024-06-30 02794851 ns5:Non-currentFinancialInstruments 2025-06-30 02794851 ns5:Non-currentFinancialInstruments 2024-06-30 02794851 ns5:ShareCapital 2025-06-30 02794851 ns5:ShareCapital 2024-06-30 02794851 ns5:CapitalRedemptionReserve 2025-06-30 02794851 ns5:CapitalRedemptionReserve 2024-06-30 02794851 ns5:FurtherSpecificReserve2ComponentTotalEquity 2025-06-30 02794851 ns5:FurtherSpecificReserve2ComponentTotalEquity 2024-06-30 02794851 ns5:RetainedEarningsAccumulatedLosses 2025-06-30 02794851 ns5:RetainedEarningsAccumulatedLosses 2024-06-30 02794851 ns5:PlantMachinery 2024-07-01 2025-06-30 02794851 ns5:PlantMachinery 2024-06-30 02794851 ns5:PlantMachinery 2025-06-30 02794851 ns5:PlantMachinery 2024-06-30 02794851 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-06-30 02794851 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-06-30 02794851 ns5:Secured 2025-06-30 02794851 ns5:Secured 2024-06-30 02794851 ns10:Director4 4 2024-06-30 02794851 ns10:Director4 4 2023-05-31 02794851 ns10:Director4 4 2024-07-01 2025-06-30 02794851 ns10:Director4 4 2023-06-01 2024-06-30 02794851 ns10:Director4 4 2025-06-30 02794851 ns10:Director4 4 2024-06-30 02794851 5 ns10:Director5 2024-06-30 02794851 5 ns10:Director5 2023-05-31 02794851 5 ns10:Director5 2024-07-01 2025-06-30 02794851 5 ns10:Director5 2023-06-01 2024-06-30 02794851 5 ns10:Director5 2025-06-30 02794851 5 ns10:Director5 2024-06-30 02794851 ns10:Director3 3 2024-06-30 02794851 ns10:Director3 3 2023-05-31 02794851 ns10:Director3 3 2024-07-01 2025-06-30 02794851 ns10:Director3 3 2023-06-01 2024-06-30 02794851 ns10:Director3 3 2025-06-30 02794851 ns10:Director3 3 2024-06-30 02794851 2 ns10:Director2 2024-06-30 02794851 2 ns10:Director2 2023-05-31 02794851 2 ns10:Director2 2024-07-01 2025-06-30 02794851 2 ns10:Director2 2023-06-01 2024-06-30 02794851 2 ns10:Director2 2025-06-30 02794851 2 ns10:Director2 2024-06-30

REGISTERED NUMBER: 02794851 (England and Wales)

ULTRABARN LIMITED

Unaudited Financial Statements for the Year Ended 30 June 2025

ULTRABARN LIMITED (REGISTERED NUMBER: 02794851)

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Chartered Accountants' Report | 9 |

ULTRABARN LIMITED

Company Information

for the Year Ended 30 June 2025

| DIRECTORS: | J M Kennedy

| PD Kennedy

| JM Kennedy

| LJ Sutton

| SECRETARY: | JM Kennedy

| REGISTERED OFFICE: | 719 Chester Road

| Erdington

| Birmingham

| West Midlands

| B24 0BY

| REGISTERED NUMBER: | 02794851 (England and Wales)

| ACCOUNTANTS: | Lancaster Haskins Limited

| Granville House

| 2 Tettenhall Road

| Wolverhampton

| West Midlands

| WV1 4SB

ULTRABARN LIMITED (REGISTERED NUMBER: 02794851)

Balance Sheet

30 June 2025

| 30.6.25 | 30.6.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 28,821 |  | 9,803 |  |

Investment property | 5 | 12,456,637 |  | 12,455,423 |  |

12,485,458 |  | 12,465,226 |  |

CURRENT ASSETS

Debtors | 6 | 1,052,752 |  | 789,552 |  |

Cash at bank | 431,671 |  | 688,276 |  |

1,484,423 |  | 1,477,828 |  |

CREDITORS

Amounts falling due within one year | 7 | 318,080 |  | 468,388 |  |

NET CURRENT ASSETS | 1,166,343 |  | 1,009,440 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 13,651,801 |  | 13,474,666 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (3,325,000 | ) | (3,165,000 | ) |

PROVISIONS FOR LIABILITIES | (1,374,843 | ) | (1,369,440 | ) |

NET ASSETS | 8,951,958 |  | 8,940,226 |  |

CAPITAL AND RESERVES

Called up share capital | 1,117,500 |  | 1,117,500 |  |

Capital redemption reserve | 382,500 |  | 382,500 |  |

Non distributable retained earnings | 6,428,393 |  | 6,427,179 |  |

Retained earnings | 1,023,565 |  | 1,013,047 |  |

SHAREHOLDERS' FUNDS | 8,951,958 |  | 8,940,226 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ULTRABARN LIMITED (REGISTERED NUMBER: 02794851)

Balance Sheet - continued

30 June 2025

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 Board of Directors and authorised for issue on 20 March 2026 and were signed on its behalf by:

P D Kennedy - Director

ULTRABARN LIMITED (REGISTERED NUMBER: 02794851)

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| Ultrabarn Limited is a private company , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

| The financial statements are presented in Sterling (£).

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery etc | - | 33.33% on reducing balance, 25% on reducing balance and 25% on cost

| Financial instruments

| Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Investment properties

| This year all of the investment properties have been valued at fair value in accordance with FRS 102.

ULTRABARN LIMITED (REGISTERED NUMBER: 02794851)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Rental income

| Rental income from properties is recognised in the profit and loss account on a straight line basis over the term of the lease.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 9 (2024 - 8 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 July 2024 | 302,189 |  |

| Additions | 27,240 |  |

| At 30 June 2025 | 329,429 |  |

| DEPRECIATION

| At 1 July 2024 | 292,386 |  |

| Charge for year | 8,222 |  |

| At 30 June 2025 | 300,608 |  |

| NET BOOK VALUE

| At 30 June 2025 | 28,821 |  |

| At 30 June 2024 | 9,803 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 July 2024 | 12,455,423 |  |

| Revaluations | 1,214 |  |

| At 30 June 2025 | 12,456,637 |  |

| NET BOOK VALUE

| At 30 June 2025 | 12,456,637 |  |

| At 30 June 2024 | 12,455,423 |  |

ULTRABARN LIMITED (REGISTERED NUMBER: 02794851)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

5. | INVESTMENT PROPERTY - continued

| Fair value at 30 June 2025 is represented by:

£ |

| Valuation in 2018 | 8,464,749 |  |

| Valuation in 2019 | 287,332 |  |

| Valuation in 2020 | (507,698 | ) |

| Valuation in 2021 | 267,796 |  |

| Valuation in 2022 | (505,823 | ) |

| Valuation in 2023 | 11,597 |  |

| Valuation in 2024 | (221,693 | ) |

| Valuation in 2025 | 1,214 |  |

| Cost | 4,659,163 |  |

12,456,637 |  |

| Investment property were valued on an open market basis on 30 June 2025 by the directors .

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Trade debtors | 50,530 |  | 37,368 |  |

| Other debtors | 1,002,222 |  | 752,184 |  |

1,052,752 |  | 789,552 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans and overdrafts | - |  | 160,000 |  |

| Trade creditors | 156,362 |  | 134,291 |  |

| Taxation and social security | 79,761 |  | 90,279 |  |

| Other creditors | 81,957 |  | 83,818 |  |

318,080 |  | 468,388 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans | 3,325,000 |  | 3,165,000 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | - |  | 2,525,000 |  |

ULTRABARN LIMITED (REGISTERED NUMBER: 02794851)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans | 3,325,000 |  | 3,325,000 |  |

| Barclays Bank Plc has a fixed charge over the properties.

| At the year end date the company had a loan outstanding with Barclays for £3,325,000 due for expiry on 21 March 2028.

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the year ended 30 June 2025 and the period ended 30 June 2024:

| 30.6.25 |  | 30.6.24

£ | £ |

| JM Kennedy

| Balance outstanding at start of year | 159,911 |  | 156,393 |  |

| Amounts advanced | 5,002 |  | 3,518 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 164,913 |  | 159,911 |  |

| LJ Sutton

| Balance outstanding at start of year | 57,922 |  | 55,463 |  |

| Amounts advanced | 9,406 |  | 2,459 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 67,328 |  | 57,922 |  |

| PD Kennedy

| Balance outstanding at start of year | 192,240 |  | 171,180 |  |

| Amounts advanced | 15,312 |  | 21,060 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 207,552 |  | 192,240 |  |

ULTRABARN LIMITED (REGISTERED NUMBER: 02794851)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

| J M Kennedy

| Balance outstanding at start of year | 105,771 |  | 102,903 |  |

| Amounts advanced | 186,430 |  | 2,868 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 292,201 |  | 105,771 |  |

| The director's loans are repayable on demand and interest is charged at a rate of 2.25%.

11. | RELATED PARTY DISCLOSURES

| P.D.Kennedy is a director of Skylark Developments Limited. At the 30th June 2025 Ultrabarn owed Skylark Developments Limited £8,566 (2024: Ultrabarn owed Skylark Developments Limited £7,559).

| During the year there were sales made to Skylark Developments Limited of £Nil (2024: £Nil), and purchases made from Skylark Developments Limited of £Nil (2024: £Nil). These transactions were made at an arms length basis, on normal commercial terms.

12. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party of the company are the directors.

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Ultrabarn Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ultrabarn Limited for the year ended 30 June 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ultrabarn Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ultrabarn Limited and state those matters that we have agreed to state to the Board of Directors of Ultrabarn Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ultrabarn Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ultrabarn Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ultrabarn Limited. You consider that Ultrabarn Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ultrabarn Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Lancaster Haskins Limited

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

20 March 2026