Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-31false2021-10-01falsemanaging pubs, restaurants, hotels and similar accommodations59trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07013729 2021-10-01 2023-03-31 07013729 2020-10-01 2021-09-30 07013729 2023-03-31 07013729 2021-09-30 07013729 c:Director1 2021-10-01 2023-03-31 07013729 d:Buildings d:ShortLeaseholdAssets 2021-10-01 2023-03-31 07013729 d:Buildings d:ShortLeaseholdAssets 2023-03-31 07013729 d:Buildings d:ShortLeaseholdAssets 2021-09-30 07013729 d:FurnitureFittings 2021-10-01 2023-03-31 07013729 d:FurnitureFittings 2023-03-31 07013729 d:FurnitureFittings 2021-09-30 07013729 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-10-01 2023-03-31 07013729 d:OfficeEquipment 2021-10-01 2023-03-31 07013729 d:OfficeEquipment 2023-03-31 07013729 d:OfficeEquipment 2021-09-30 07013729 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-10-01 2023-03-31 07013729 d:OwnedOrFreeholdAssets 2021-10-01 2023-03-31 07013729 d:CurrentFinancialInstruments 2023-03-31 07013729 d:CurrentFinancialInstruments 2021-09-30 07013729 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07013729 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 07013729 d:ShareCapital 2023-03-31 07013729 d:ShareCapital 2021-09-30 07013729 d:RetainedEarningsAccumulatedLosses 2023-03-31 07013729 d:RetainedEarningsAccumulatedLosses 2021-09-30 07013729 c:OrdinaryShareClass1 2021-10-01 2023-03-31 07013729 c:OrdinaryShareClass1 2023-03-31 07013729 c:OrdinaryShareClass1 2021-09-30 07013729 c:FRS102 2021-10-01 2023-03-31 07013729 c:AuditExempt-NoAccountantsReport 2021-10-01 2023-03-31 07013729 c:FullAccounts 2021-10-01 2023-03-31 07013729 c:PrivateLimitedCompanyLtd 2021-10-01 2023-03-31 07013729 2 2021-10-01 2023-03-31 07013729 7 2021-10-01 2023-03-31 07013729 e:PoundSterling 2021-10-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07013729














MHT (UNIQUE TWO) LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2023

 
MHT (UNIQUE TWO) LIMITED
REGISTERED NUMBER:07013729

BALANCE SHEET
AS AT 31 MARCH 2023

31 March
30 September
2023
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
187,832

  
-
187,832

Current assets
  

Stocks
 5 
-
11,550

Debtors: amounts falling due within one year
 6 
121,372
335,282

Cash at bank and in hand
 7 
606
14,751

  
121,978
361,583

Creditors: amounts falling due within one year
 8 
(14,503)
(1,088,723)

Net current assets/(liabilities)
  
 
 
107,475
 
 
(727,140)

Total assets less current liabilities
  
107,475
(539,308)

  

Net assets/(liabilities)
  
107,475
(539,308)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
107,375
(539,408)

  
107,475
(539,308)


Page 1

 
MHT (UNIQUE TWO) LIMITED
REGISTERED NUMBER:07013729
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 period 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 profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M H Tillman
Director

Date: 9 February 2024

Page 2

 
MHT (UNIQUE TWO) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

MHT (Unique Two) Limited is a private company, limited by shares, registered in England and Wales, registration number 07013729. The registered office address is 18 Bristol Gardens, London, W9 2JQ.

The princial activity of the company continued to be that of managing pubs, restaurants, hotels and similar accommodations
On 20 June 2023, the company extended its accounting reference date from 30 September 2022 to 31 March 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

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 the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

  
2.2

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

 
2.3

Going concern

The company entered into a Deed of Surrender on 27 January 2022 at the request of the landlord. As a result, the company is no longer trading. On this basis, the directors consider it appropriate to prepare the financial statements on a basis other than the going concern basis.

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Turnover from the sale of food and beverages is recognised when the goods have been provided.
Turnover from rooms is recognised when received.

 
2.5

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the profit and loss accounts in the same period as the related expenditure. Grants received in respect of Covid Job Retention Scheme and Local Authority grants are included in other income.
 
 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
MHT (UNIQUE TWO) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

 
2.9

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.10

 Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.11

 Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
MHT (UNIQUE TWO) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.11
 Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Short-term leasehold property
-
straight-line over 10 years
Fixtures and fittings
-
20% reducing balance
Office equipment
-
20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.12

 Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 
 
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.13

 Debtors

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.

 
2.14

 Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.15

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.16

 Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

Page 5

 
MHT (UNIQUE TWO) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.17

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and lianilities such as other debtors, trade and other creditors, and loans with related parties.


3.


Employees

The average monthly number of employees, including directors, during the period was 5 (2021 - 9).  


4.


Tangible fixed assets







Short-term leasehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost


At 1 October 2021
496,327
278,458
8,676
783,461


Disposals
(496,327)
(278,458)
(8,676)
(783,461)



At 31 March 2023

-
-
-
-





At 1 October 2021
382,186
206,537
6,906
595,629


Charge for the period
15,111
10,058
236
25,405


Disposals
(397,297)
(216,595)
(7,142)
(621,034)



At 31 March 2023

-
-
-
-



Net book value



At 31 March 2023
-
-
-
-



At 30 September 2021
114,141
71,921
1,770
187,832


5.


Stocks

31 March
30 September
2023
2021
£
£

Food and beverage stocks
-
11,550


Page 6

 
MHT (UNIQUE TWO) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

6.


Debtors

31 March
30 September
2023
2021
£
£


Amounts owed by connected entities
120,832
200,858

Other debtors
540
17,879

Prepayments and accrued income
-
105,229

Deferred taxation
-
11,316

121,372
335,282



7.


Cash

31 March
30 September
2023
2021
£
£

Cash at bank and in hand
606
14,751



8.


Creditors: amounts falling due within one year

31 March
30 September
2023
2021
£
£

Trade creditors
48
12,311

Amounts owed to connected entities
-
1,060,381

Other taxation and social security
11,705
1,381

Other creditors
-
6,701

Accruals
2,750
7,949

14,503
1,088,723



9.


Share capital

31 March
30 September
2023
2021
£
£
Allotted, called up and fully paid



100 (2021 - 100) Ordinary shares of £1.00 each
100
100

The shares have attached to them full voting rights.

Page 7

 
MHT (UNIQUE TWO) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

10.


Pension commitments

The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £171 (2021 - £942). Included in other creditors at the period end there is an amount payable of £NIL (2021 - £223). 

11.


Controlling party

The company is under the control of M H Tillman, a director and a majority shareholder of the company. 
 
Page 8