Registered number
10856712
Unihousing Ltd
Report and Unaudited Accounts
30 March 2023
Collins
Chartered Accountants
West Midlands
Unihousing Ltd
Registered number: 10856712
Balance Sheet
as at 30 March 2023
Notes 2023 2022
£ £ £ £
Fixed assets
Tangible assets 3 7,878 10,656
Current assets
Debtors 4 2,627,951 1,589,955
Cash at bank and in hand 115,153 216,771
2,743,104 1,806,726
Creditors: amounts falling due within one year 5 (2,673,418) (1,730,749)
Net current assets 69,686 75,977
Total assets less current liabilities 77,564 86,633
Creditors: amounts falling due after more than one year 6 (23,333) (33,333)
Net assets 54,231 53,300
Capital and reserves
Called up share capital 1 1
Profit and loss account 54,230 53,299
Shareholder's funds 54,231 53,300
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Fickert
Director
Approved by the board on 14 March 2024
Unihousing Ltd
Notes to the Accounts
for the period from 1 April 2022 to 30 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 (as applicable to small companies), The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover comprises revenue earned from the rent of properties and the rendering of services and is recognised by reference to the rents receivable and services completed.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than investment properties, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are also recognised at transaction price including any transaction costs.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are also recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 April 2022 15,844
Additions 390
At 30 March 2023 16,234
Depreciation
At 1 April 2022 5,188
Charge for the period 3,168
At 30 March 2023 8,356
Net book value
At 30 March 2023 7,878
At 31 March 2022 10,656
4 Debtors 2023 2022
£ £
Trade debtors 140 15,420
Prepayments and accrued income 5,000 7,862
Other debtors 2,622,811 1,566,673
2,627,951 1,589,955
5 Creditors: amounts falling due within one year 2023 2022
£ £
Loans 324,999 110,000
Trade creditors 4,502 59,446
Corporation tax 1,591 6,698
Other taxes and social security costs 2,277 1,927
Directors loans 1,073,462 493,604
Accruals and deferred income 41,660 77,120
Rental income in advance and deposits 1,224,927 981,954
2,673,418 1,730,749
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 23,333 33,333
7 Controlling party
The company is under the control of Dr G Fickert.
8 Other information
Unihousing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
504 Bristol Road
Selly Oak
Birmingham
B29 6BD
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