2 false false false false false false false false false true false false false false false false No description of principal activity 2022-09-01 Sage Accounts Production Advanced 2021 - FRS102_2021 10,800 10,800 1,575 2,306 3,881 9,225 xbrli:pure xbrli:shares iso4217:GBP 10335500 2022-09-01 2023-12-31 10335500 2023-12-31 10335500 2022-08-31 10335500 2021-09-01 2022-08-31 10335500 2022-08-31 10335500 2021-08-31 10335500 core:MotorVehicles 2022-09-01 2023-12-31 10335500 bus:Director1 2022-09-01 2023-12-31 10335500 bus:Director2 2022-09-01 2023-12-31 10335500 core:MotorVehicles 2022-08-31 10335500 core:WithinOneYear 2023-12-31 10335500 core:WithinOneYear 2022-08-31 10335500 core:ShareCapital 2023-12-31 10335500 core:ShareCapital 2022-08-31 10335500 core:RetainedEarningsAccumulatedLosses 2023-12-31 10335500 core:RetainedEarningsAccumulatedLosses 2022-08-31 10335500 core:MotorVehicles 2022-08-31 10335500 bus:Director1 2022-08-31 10335500 bus:Director1 2023-12-31 10335500 bus:Director2 2022-08-31 10335500 bus:Director2 2023-12-31 10335500 bus:Director1 2021-08-31 10335500 bus:Director1 2022-08-31 10335500 bus:Director2 2021-08-31 10335500 bus:Director2 2022-08-31 10335500 bus:Director1 2021-09-01 2022-08-31 10335500 bus:SmallEntities 2022-09-01 2023-12-31 10335500 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-12-31 10335500 bus:FullAccounts 2022-09-01 2023-12-31 10335500 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-12-31 10335500 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-12-31
COMPANY REGISTRATION NUMBER: 10335500
Unique Property Limited
Filleted Unaudited Financial Statements
For the period ended
31 December 2023
Unique Property Limited
Balance Sheet
31 December 2023
31 Dec 23
31 Aug 22
Note
£
£
£
Fixed assets
Tangible assets
5
9,225
Current assets
Stocks
69,751
69,751
Debtors
6
6,000
2,199
Cash at bank and in hand
54,417
62,666
---------
---------
130,168
134,616
Creditors: amounts falling due within one year
7
51,596
76,568
---------
---------
Net current assets
78,572
58,048
--------
--------
Total assets less current liabilities
78,572
67,273
Provisions
1,753
--------
--------
Net assets
78,572
65,520
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
78,570
65,518
--------
--------
Shareholders funds
78,572
65,520
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Unique Property Limited
Balance Sheet (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 10 April 2024 , and are signed on behalf of the board by:
R F Wood
Director
Company registration number: 10335500
Unique Property Limited
Notes to the Financial Statements
Period from 1 September 2022 to 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 24 Barnes Avenue, Wakefield, WF1 2BJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements have been rounded to the nearest £.
Going concern
The company ceased to trade at 31 December 2023. The assets and liabilities in the balance sheet are stated at the amounts that the directors expect to recover or pay.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements under FRS 102 requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts. These estimates and judgements are continually evaluated and are based on historical experience and other factors including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.
Revenue recognition
The turnover shown in the profit and loss account comprises the sales value of work done in the period under contracts to supply goods and services to third parties.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2 (2022: 2 ).
5. Tangible assets
Motor vehicles
£
Cost
At 1 September 2022
10,800
Disposals
( 10,800)
--------
At 31 December 2023
--------
Depreciation
At 1 September 2022
1,575
Charge for the period
2,306
Disposals
( 3,881)
--------
At 31 December 2023
--------
Carrying amount
At 31 December 2023
--------
At 31 August 2022
9,225
--------
6. Debtors
31 Dec 23
31 Aug 22
£
£
Other debtors
6,000
2,199
-------
-------
7. Creditors: amounts falling due within one year
31 Dec 23
31 Aug 22
£
£
Corporation tax
5,914
677
Other creditors
45,682
75,891
--------
--------
51,596
76,568
--------
--------
Included in "Other creditors" is £42,051 (2022: £71,707) due to the directors. The balance is unsecured and repayable on demand with interest charged at 2.5%.
8. Directors' advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
31 Dec 23
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
R F Wood
( 67,207)
29,656
( 37,551)
D Wood
( 4,500)
( 4,500)
--------
--------
--------
( 71,707)
29,656
( 42,051)
--------
--------
--------
31 Aug 22
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
R F Wood
( 65,528)
( 1,679)
( 67,207)
D Wood
( 4,500)
( 4,500)
--------
-------
--------
( 70,028)
( 1,679)
( 71,707)
--------
-------
--------