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
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
Una Properties Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
2,072
3,366
Investment property
1,363,420
1,320,000
Cash at bank and in hand
7,660
-
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
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
Una Properties Ltd
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
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
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
At 28 February 2023
2,072
-
2,072
At 28 February 2022
3,293
73
3,366
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.
Amounts falling due within one year
Accrued income and prepayments
88
269
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,213
137,686
Taxes and social security
29
(6,881)
Loans from directors
330,504
341,159
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).