Registered number: 07504263
UNBIASED EC1 LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 SEPTEMBER 2023
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UNBIASED EC1 LIMITED
REGISTERED NUMBER: 07504263
BALANCE SHEET
AS AT 30 SEPTEMBER 2023
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Capital redemption reserve
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The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
Page 1
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UNBIASED EC1 LIMITED
REGISTERED NUMBER: 07504263
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 4 to 6 form part of these financial statements.
Page 2
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UNBIASED EC1 LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2023
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Capital redemption reserve
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Shares issued during the year
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The notes on pages 4 to 6 form part of these financial statements.
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STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2022
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Capital redemption reserve
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Shares issued during the year
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The notes on pages 4 to 6 form part of these financial statements.
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Page 3
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UNBIASED EC1 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Unbiased EC1 is a private limited company limited by shares and incorporated in England and Wales. The registered address is 3rd Floor, 32-38 Saffron Hill, London, england, EC1N 8FH.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The average monthly number of employees, including directors, during the year was 5 (2022 - 5).
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Page 4
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UNBIASED EC1 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
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Investments in subsidiary companies (Restated)
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The following were subsidiary undertakings of the Company:
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Unbiased Group Services Limited
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The aggregate of the share capital and reserves as at 30 September 2023 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
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Aggregate of share capital and reserves
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Unbiased Group Services Limited
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IFA Promotion Limited (Dormant)
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Amounts owed by group undertakings
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Page 5
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UNBIASED EC1 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Allotted, called up and fully paid
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439,998 (2022 - 533,467) Ordinary shares of £0.00001 each
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3,411,929 (2022 - 3,411,929) A Ordinary shares of £0.00001 each
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19,707 (2021 - 19,707) B Ordinary shares of £0.00001 each
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2,187,491 (2022 - 2,187,491) C Ordinary shares of £0.00001 each
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482,925 (2022 - 482,925) D Ordinary shares of £0.00001 each
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89,552 (2022 - 89,552) E Ordinary shares of £0.00001 each
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729,163 (2022 - nil) C1 Ordinary shares of £0.00001 each
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During the year 656,282 C1 Ordinary £0.00001 shares were issued for total consideration (less associated costs) of £4,500,237.
During the year, 72,881 Ordinary £0.00001 shares were re-designated as C1 Ordinary £0.00001 shares.
During the year, 93,595 Ordinary £0.00001 shares were re-designated as Deferred £0.00001 shares.
During the year, 93,595 Deferred £0.00001 shares were forfeited and cancelled.
During the year, 73,007 Ordinary £0.00001 shares were issued for total consideration of £730.
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Related party transactions
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The Company is exempt under the terms of FRS102 from disclosing related party transactions with members of the group as the company is a wholly owned subsidiary.
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At the year end the directors do not consider there to be any single ultimate controlling party.
Page 6
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