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Company Registration No. 10613721 (England and Wales)
Una Properties Ltd Unaudited accounts for the year ended 28 February 2023
Una Properties Ltd Unaudited accounts Contents
Page
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Una Properties Ltd Company Information for the year ended 28 February 2023
Director
Nexhat Prapashtica
Company Number
10613721 (England and Wales)
Registered Office
1 Burlington Close Pinner London HA5 2TP
Accountants
Solid Ltd Eagle House 163 City Road London EC1V 1NR
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Una Properties Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,072 
3,366 
Investment property
1,363,420 
1,320,000 
1,365,492 
1,323,366 
Current assets
Debtors
1,763 
763 
Cash at bank and in hand
7,660 
- 
9,423 
763 
Creditors: amounts falling due within one year
(337,974)
(472,249)
Net current liabilities
(328,551)
(471,486)
Total assets less current liabilities
1,036,941 
851,880 
Creditors: amounts falling due after more than one year
(846,274)
(703,580)
Provisions for liabilities
Deferred tax
(35,869)
(26,369)
Net assets
154,798 
121,931 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
152,916 
112,416 
Profit and loss account
1,881 
9,514 
Shareholders' funds
154,798 
121,931 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 November 2023 and were signed on its behalf by
Nexhat Prapashtica Director Company Registration No. 10613721
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Una Properties Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Una Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 10613721. The registered office is 1 Burlington Close, Pinner, London, HA5 2TP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rental of properties is recognised over the period of rental.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected on balance sheet date.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
3 year straight line
Computer equipment
3 year straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Una Properties Ltd Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
3,700 
217 
3,917 
At 28 February 2023
3,700 
217 
3,917 
Depreciation
At 1 March 2022
407 
144 
551 
Charge for the year
1,221 
73 
1,294 
At 28 February 2023
1,628 
217 
1,845 
Net book value
At 28 February 2023
2,072 
- 
2,072 
At 28 February 2022
3,293 
73 
3,366 
5
Investment property
2023 
£ 
Fair value at 1 March 2022
1,320,000 
Net gain from fair value adjustments
43,420 
At 28 February 2023
1,363,420 
Property valuations were carried out by local estate agents.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
922 
9 
Trade debtors
753 
485 
Accrued income and prepayments
88 
269 
1,763 
763 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,213 
137,686 
VAT
- 
285 
Trade creditors
540 
- 
Taxes and social security
29 
(6,881)
Other creditors
3,600 
- 
Loans from directors
330,504 
341,159 
Deferred income
88 
- 
337,974 
472,249 
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Una Properties Ltd Notes to the Accounts for the year ended 28 February 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
846,274 
703,580 
Aggregate of amounts that fall due for payment after five years
824,015 
613,064 
The 5 secured bank loans totalling £824,015 are secured against the following 5 properties 1. Unit 1 Ascott House, 82-88 Elm Grove, Southsea, Hampshire, PO5 1LN 2. 63-65 High Street, Long Eaton, Nottingham, NG10 1HZ 3. 8-16 Curzon Street, Derby, Derbyshire, DE1 1LL 4. 59 Albany Street, Ilkeston DE7 5AD 5. 27 Albany Street, Ilkeston DE7 5AD
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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