ULD Ltd - Accounts to registrar (filleted) - small 23.1.2
ULD Ltd - Accounts to registrar (filleted) - small 23.1.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2023 |
| for |
| ULD Ltd |
| ULD Ltd (Registered number: 12283308) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2023 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| ULD Ltd (Registered number: 12283308) |
| Balance Sheet |
| 31 March 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Fair value reserve | 9 |
| 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. |
| ULD Ltd (Registered number: 12283308) |
| Balance Sheet - continued |
| 31 March 2023 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| ULD Ltd (Registered number: 12283308) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2023 |
| 1. | STATUTORY INFORMATION |
| ULD Ltd is a |
| Registered number: |
| Registered office: |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents rent receivable during the year. |
| Investment property |
| Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. |
| Taxation |
| Taxation for the year comprises current. Tax is recognised in the Profit and Loss statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2022 |
| Revaluations | 140,000 |
| At 31 March 2023 |
| NET BOOK VALUE |
| At 31 March 2023 |
| At 31 March 2022 |
| ULD Ltd (Registered number: 12283308) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2023 |
| 4. | INVESTMENT PROPERTY - continued |
| Fair value at 31 March 2023 is represented by: |
| £ |
| Valuation in 2023 | 140,000 |
| Cost | 6,850,000 |
| 6,990,000 |
| The investment property was valued on a fair value basis on 31 March 2023 by the directors. . |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Amounts owed by related parties |
| Tax |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Bank loans and overdrafts |
| Directors' loan accounts | 35,112 | 19,569 |
| Accruals and deferred income |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Bank loans - 2-5 years |
| Bank loans more 5 yrs non-inst | 4,175,927 | 4,175,927 |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| ULD Ltd (Registered number: 12283308) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2023 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2023 | 2022 |
| £ | £ |
| Bank loans |
| Mortgage Loans | 4,175,927 | 4,175,927 |
| The mortgage loans are secured over the properties held by the company. |
| 9. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| Deferred Tax | (35,000 | ) |
| Revaluation | 140,000 |
| At 31 March 2023 |