REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 6 OCTOBER 2022 TO 31 MARCH 2023 |
FOR |
ULTRA GREEN DEVELOPMENTS LETTINGS |
LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 6 OCTOBER 2022 TO 31 MARCH 2023 |
FOR |
ULTRA GREEN DEVELOPMENTS LETTINGS |
LIMITED |
ULTRA GREEN DEVELOPMENTS LETTINGS |
LIMITED (REGISTERED NUMBER: 14402304) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 6 OCTOBER 2022 TO 31 MARCH 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
ULTRA GREEN DEVELOPMENTS LETTINGS |
LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 6 OCTOBER 2022 TO 31 MARCH 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
The Atrium Business Centre |
Curtis Road |
Dorking |
Surrey |
RH4 1XA |
ULTRA GREEN DEVELOPMENTS LETTINGS |
LIMITED (REGISTERED NUMBER: 14402304) |
BALANCE SHEET |
31 MARCH 2023 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Fair value reserve | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 |
ULTRA GREEN DEVELOPMENTS LETTINGS |
LIMITED (REGISTERED NUMBER: 14402304) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 6 OCTOBER 2022 TO 31 MARCH 2023 |
1. | STATUTORY INFORMATION |
Ultra Green Developments Lettings Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rents receivable excluding value added tax. |
Investment property |
In accordance with Financial Reporting Standard 102 investment properties are revalued annually and the aggregate surplus or deficit is dealt with through the profit and loss account. The gain/loss is transferred to a fair value reserve after adjusting for deferred tax. No depreciation is provided in respect of investment properties. |
Taxation |
Taxation for the period 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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
ULTRA GREEN DEVELOPMENTS LETTINGS |
LIMITED (REGISTERED NUMBER: 14402304) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 6 OCTOBER 2022 TO 31 MARCH 2023 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
Revaluations | 189,657 |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
Fair value at 31 March 2023 is represented by: |
£ |
Valuation in 2023 | 830,000 |
If investment property had not been revalued it would have been included at the following historical cost: |
£ |
Cost | 640,343 |
Investment property was valued on an open market basis on 31 March 2023 by the directors . |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Taxation and social security |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 100 |
100 Ordinary shares of £1 each were allotted and fully paid for |
ULTRA GREEN DEVELOPMENTS LETTINGS |
LIMITED (REGISTERED NUMBER: 14402304) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 6 OCTOBER 2022 TO 31 MARCH 2023 |
8. | RESERVES |
Fair |
value |
reserve |
£ |
Transfer between reserves | 144,303 |
At 31 March 2023 |
The movement between retained earnings and the fair value reserve represents the unrealised gain/loss on revaluation of investment property, net of the deferred tax provision. The fair value reserve is not distributable |