Company Overview
Understate Projects Limited is a Dissolved Private Limited By Guarantee Without Share Capital.
Registered Address

Flat 25, Onslow Court, 16 Lethington Avenue, Flat 25, Onslow Court, Lethington Avenue, Glasgow, G41 3HB
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Companies House Data
Company NameUNDERSTATE PROJECTS LIMITED
Company NumberSC648303
Registered Office AddressFlat 25, Onslow Court, 16 Lethington Avenue
 Flat 25, Onslow Court, Lethington Avenue
 G41 3HB
Company CategoryPrivate Limited By Guarantee Without Share Capital
Company StatusDissolved
Country of OriginUnited Kingdom
Incorporation Date28/11/2019
Accounting Reference Date Day30
Accounting Reference Date Month11
Accounts Next Due Date31/08/2024
Accounts Last Made Up Date09/08/2024
Accounts Account CategoryMICRO ENTITY
Returns Next Due Date26/12/2020
Directors & Members
Show Resigned
Sarah Smith - Director
(British, 48 years old, born October 1978)
Appointed 28 November 2019
 Active
Secretaries
Sarah Smith - Secretary
Appointed 28 November 2019
 Active
Other Company Directorships
Sarah Smith
DAVID DALE GALLERY AND STUDIOS
LGBT YOUTH SCOTLAND
Balance Sheet Unlock full report
Accounts Date 09-Aug-2024 30-Nov-2022 30-Nov-2021
Balance Sheet
Fixed Assets 0 0 0
Current Assets 1,988 1,988 10,299
Creditors Due Within One Year 1,557 1,557 9,440
Working Cap 431 431 859
Total Assets Less Current Liabilities 431 431 859
Long-term Liabilities 0 0 0
Net Assets 431 431 859
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 431 431 859
Common Size Financial Analysis Unlock full report
Accounts Date 09-Aug-2024 30-Nov-2022 30-Nov-2021
Tangible Fixed Assets - - -
Fixed Assets 0.0% 0.0% 0.0%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 100.0% 100.0% 100.0%
Creditors Due Within One Year 78.3% 78.3% 91.7%
Net Current Assets Liabilities 21.7% 21.7% 8.3%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 21.7% 21.7% 8.3%
Capital Employed - - -
Total Assets Less Current Liabilities 21.7% 21.7% 8.3%
Financial Ratio Analysis Unlock full report
Accounts Date 09-Aug-2024 30-Nov-2022 30-Nov-2021
Liquidity Ratio 1.3 1.3 1.1
Solvency Ratio 1.3 1.3 1.1
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 09-Aug-2024 30-Nov-2022 30-Nov-2021
Assets 1,988 1,988 10,299
Debt 1,557 1,557 9,440
Net Assets/Debt 431 431 859
Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around G41 3HB
THE GIBSONS PHOTOGRAPHY LTD.
23 KINTORE ROAD, GLASGOW, G41 3HB
Document Filings
Final Gazette dissolved via voluntary strike-off
First Gazette notice for voluntary strike-off
Application to strike the company off the register
Confirmation statement made on 27 November 2024 with no updates
Termination of appointment of Giulia Gregnanin as a director on 1 December 2024
Previous accounting period shortened from 30 November 2024 to 9 August 2024
Confirmation statement made on 27 November 2023 with no updates
Confirmation statement made on 27 November 2022 with no updates
Registered office address changed from 16 Woodside Terrace Glasgow G3 7XH Scotland to Flat 25, Onslow Court, 16 Lethington Avenue Flat 25, Onslow Court, Lethington Avenue Glasgow G41 3HB on 29 November 2022
Compulsory strike-off action has been discontinued
Confirmation statement made on 27 November 2021 with no updates
First Gazette notice for compulsory strike-off
Confirmation statement made on 27 November 2020 with no updates
Registered office address changed from 118 Blythswood Street Glasgow G2 4EG to 16 Woodside Terrace Glasgow G3 7XH on 5 January 2021
Incorporation
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