2022-05-032023-05-312023-05-31false14083736Unwind Properties 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Unwind Properties Limited

Registered Number
14083736
(England and Wales)

Unaudited Financial Statements for the Period ended
31 May 2023

Unwind Properties Limited
Company Information
for the period from 3 May 2022 to 31 May 2023

Directors

Bhupendra Sankhla
Kunal Hirsh Sankhla

Registered Address

68 Durand Road
Earley
Reading
RG6 5YS

Registered Number

14083736 (England and Wales)
Unwind Properties Limited
Balance Sheet as at
31 May 2023

Notes

2023

£

£

Fixed assets
Investment property7343,900
343,900
Current assets
Cash at bank and on hand365
365
Creditors amounts falling due within one year8(102,908)
Net current assets (liabilities)(102,543)
Total assets less current liabilities241,357
Creditors amounts falling due after one year9(245,313)
Net assets(3,956)
Capital and reserves
Called up share capital100
Profit and loss account(4,056)
Shareholders' funds(3,956)
The financial statements were approved and authorised for issue by the Board of Directors on 31 January 2024, and are signed on its behalf by:
Kunal Hirsh Sankhla
Director
Registered Company No. 14083736
Unwind Properties Limited
Notes to the Financial Statements
for the period ended 31 May 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 in the period under review was that of the letting and operating of owned property.
4.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
5.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Investment property policy
Investment property is included at fair value. Gains and losses are recognised in the income statement. Deferred taxation is provided on gains at the rate expected to apply when the property is sold.
Revenue recognition policy
Revenue from the rendering of services is recognised as the contractual activity progresses.
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.
Going concern
The directors have confirmed that they will continue to give financial support to the company until such time as the company's position improves. The directors consider that it is appropriate to prepare the financial statements on a going concern basis.
6.Employee information

2023
Average number of employees during the year2
7.Investment property

£
Additions343,900
At 31 May 23343,900
8.Creditors within one year

2023

£
Taxation and social security282
Other creditors101,684
Accrued liabilities and deferred income942
Total102,908
9.Creditors after one year

2023

£
Bank borrowings and overdrafts245,313
Total245,313