2022-05-012023-04-302023-04-30false13355315UNBOXED HOLDINGS 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UNBOXED HOLDINGS LIMITED

Registered Number
13355315
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2023

UNBOXED HOLDINGS LIMITED
Company Information
for the year from 1 May 2022 to 30 April 2023

Directors

M R Evans
M R Turrell

Registered Address

60-62 Commercial Street
London
E1 6LT

Registered Number

13355315 (England and Wales)
UNBOXED HOLDINGS LIMITED
Statement of Financial Position
30 April 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investments91,539,6741,539,674
1,539,6741,539,674
Current assets
Debtors102828
2828
Creditors amounts falling due within one year11(1,539,625)(1,539,631)
Net current assets (liabilities)(1,539,597)(1,539,603)
Total assets less current liabilities7771
Net assets7771
Capital and reserves
Called up share capital7771
Shareholders' funds7771
The financial statements were approved and authorised for issue by the Board of Directors on 6 October 2023, and are signed on its behalf by:
M R Turrell
Director
Registered Company No. 13355315
UNBOXED HOLDINGS LIMITED
Notes to the Financial Statements
for the year ended 30 April 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company during the reporting period was that of a holding company.
4.Smallest group in which results are consolidated
The financial statements contain information about Unboxed Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. There is no ultimate controlling party.
5.Basis of measurement used in financial statements
The financial statements have been prepared under the historical cost convention.
6.Accounting policies
Functional and presentation currency policy
The financial statements are presented in pound sterling (£), which is the company's functional currency, and figures are rounded to the nearest whole pound.
Revenue recognition policy
The company does not undertake a trade and therefore does not recognise any turnover. The only income received by the company during the period is dividend income which is recognised in other operating income in the period in which it is declared.
Taxation policy
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 policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each reporting period end foreign currency monetary items are translated using the closing rate. Non- monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at the period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss account.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.
Valuation of financial instruments policy
The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments. The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non puttable ordinary shares. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out right short term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost. Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Cash and Cash Equivalents Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk to changes in value.
7.Critical estimates and judgements
There have been no critical estimates or judgements applied to the figures or disclosures in these financial statements.
8.Employee information
During the year the company granted 650 EMI qualifying share options to employees of the company. At the statement of financial position date the company had 650 EMI qualifying share options in issue (2022: nil) at an average weighted exercise price of £0.01 per share. At the statement of financial position date no options had vested (2022: nil) and none had lapsed (2022: nil). The options only vest on the occurrence of a qualifying exit event and are exercisable over the share capital of the company. No share-based payment has been charged to the income statement in respect of the company's share options.

20232022
Average number of employees during the year00
9.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 May 221,539,6741,539,674
At 30 April 231,539,6741,539,674
Net book value
At 30 April 231,539,6741,539,674
At 30 April 221,539,6741,539,674

Notes

1Investments in group undertakings and participating interests
10.Debtors

2023

2022

££
Other debtors2828
Total2828
11.Creditors within one year

2023

2022

££
Amounts owed to related parties1,539,5971,539,603
Other creditors2828
Total1,539,6251,539,631