Ultrapoint Property Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12008876

ULTRAPOINT PROPERTY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2026

ULTRAPOINT PROPERTY LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2026

	2026	2025
Note	£	£

FIXED ASSETS

Tangible assets	6	253,940	253,940

CURRENT ASSETS

Debtors	7	122	113
Cash at bank and in hand		3,252	4,635
		--------	--------
		3,374	4,748

CREDITORS: amounts falling due within one year	8	5,178	16,111
		--------	---------
NET CURRENT LIABILITIES		1,804	11,363
		-----------	-----------
TOTAL ASSETS LESS CURRENT LIABILITIES		252,136	242,577

CREDITORS: amounts falling due after more than one year	9	103,400	103,400
		-----------	-----------
NET ASSETS		148,736	139,177
		-----------	-----------

CAPITAL AND RESERVES

Called up share capital	10	10
Profit and loss account	148,726	139,167
	-----------	-----------
SHAREHOLDERS FUNDS	148,736	139,177
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

ULTRAPOINT PROPERTY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 15 June 2026 , and are signed on behalf of the board by:

Mr A P Metcalfe
Director

Company registration number: 12008876

ULTRAPOINT PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Highgrove Road, Lancaster, LA1 5FS.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 1 (2025: 1 ).

5. TAX ON PROFIT

Major components of tax expense

	2026	2025
	£	£

Current tax:

UK current tax expense	2,477	1,535
	--------	--------
Tax on profit	2,477	1,535
	--------	--------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is the same as (2025: the same as) the standard rate of corporation tax in the UK of 19 % (2025: 19 %).

	2026	2025
	£	£

Profit on ordinary activities before taxation	13,036	130,341
	---------	-----------
Profit on ordinary activities by rate of tax	2,477	1,535
	---------	-----------

6. TANGIBLE ASSETS

	Freehold property
	£

Cost
At 1 April 2025 and 31 March 2026	253,940
	-----------
Depreciation
At 1 April 2025 and 31 March 2026	–
	-----------
Carrying amount
At 31 March 2026	253,940
	-----------
At 31 March 2025	253,940
	-----------

As at 31st March 2026 the director values the investment properties at £360,000.

7. DEBTORS

	2026	2025
	£	£

Prepayments and accrued income	122	113
	-----	-----

8. CREDITORS: amounts falling due within one year

	2026	2025
	£	£

Accruals and deferred income	358	343
Corporation tax	2,477	1,535
Director loan accounts	2,343	13,533
Rent received in advance	–	700
	--------	---------
	5,178	16,111
	--------	---------

9. CREDITORS: amounts falling due after more than one year

	2026	2025
	£	£

Bank loans and overdrafts	103,400	103,400
	-----------	-----------

10. RELATED PARTY TRANSACTIONS

In order to finance the purchase of properties the company had borrowed £116,000 in previous years from Ultrapoint Consultancy Limited, a company registered in the UK. Both the company and Ultrapoint Consultancy Limited are under the control of Mr A P Metcalfe and his immediate family. In the prior year an additional £6,163 was transferred from Utrapoint Consultancy Limited when it's bank account was closed. Ultrapoint consultancy Limited has been dormant for the past three years and was dissolved on 9th September 2025. The loan balance of £122,163 was written off in the prior year.