UB7 LTD - Accounts to registrar (filleted) - small 18.2
UB7 LTD - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements |
| for the Period 1 April 2020 to 30 March 2021 |
| for |
| UB7 LTD |
| UB7 LTD (Registered number: 11208736) |
| Contents of the Financial Statements |
| for the Period 1 April 2020 to 30 March 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| UB7 LTD |
| Company Information |
| for the Period 1 April 2020 to 30 March 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Yoden House |
| 30 Yoden Way |
| Peterlee |
| Co. Durham |
| SR8 1AL |
| UB7 LTD (Registered number: 11208736) |
| Balance Sheet |
| 30 March 2021 |
| 2021 | 2020 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
( |
) |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| ( |
) |
| 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. |
| UB7 LTD (Registered number: 11208736) |
| Balance Sheet - continued |
| 30 March 2021 |
| 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 |
| UB7 LTD (Registered number: 11208736) |
| Notes to the Financial Statements |
| for the Period 1 April 2020 to 30 March 2021 |
| 1. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| TURNOVER |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| TANGIBLE FIXED ASSETS |
| Fixtures and fittings | - |
| 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. |
| GOING CONCERN |
| These financial statements have been prepared using the going concern basis. Whilst the company shows negative reserves the directors are committed to supporting the company during the construction phase which Sales expect to start in the next financial period. |
| 2. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was NIL (2020 - NIL). |
| UB7 LTD (Registered number: 11208736) |
| Notes to the Financial Statements - continued |
| for the Period 1 April 2020 to 30 March 2021 |
| 3. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | and |
| property | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2020 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 March 2021 |
| DEPRECIATION |
| At 1 April 2020 |
| Charge for period |
| At 30 March 2021 |
| NET BOOK VALUE |
| At 30 March 2021 |
| At 31 March 2020 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Other debtors |
| VAT |
| Called up share capital not paid |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans and overdrafts |
| Other loans |
| Trade creditors |
| Amounts owed to group undertakings |
| Corporation tax |
| Other creditors |
| Directors' current accounts | 4,797 | 4,797 |
| Accrued expenses |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| UB7 LTD (Registered number: 11208736) |
| Notes to the Financial Statements - continued |
| for the Period 1 April 2020 to 30 March 2021 |
| 7. | RELATED PARTY DISCLOSURES |
| During the year the company received an interest free loan from Asquire Group Ltd, a company related by way of a director of that company also being a director of this company. As at the balance sheet date the total amount due was £3,244. |