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REGISTERED NUMBER: 14267259 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2022 TO 31 AUGUST 2023

FOR

UNLIMITED CAPITAL LTD

UNLIMITED CAPITAL LTD (REGISTERED NUMBER: 14267259)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2022 TO 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


UNLIMITED CAPITAL LTD

COMPANY INFORMATION
FOR THE PERIOD 1 AUGUST 2022 TO 31 AUGUST 2023







DIRECTOR: R E Blyth Currie





REGISTERED OFFICE: Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA





BUSINESS ADDRESS: Little Whitelands Farm
Broadoak
Hereford
Herefordshire
HR2 8QX





REGISTERED NUMBER: 14267259 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

UNLIMITED CAPITAL LTD (REGISTERED NUMBER: 14267259)

BALANCE SHEET
31 AUGUST 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,924
Investment property 5 475,823
477,747

CURRENT ASSETS
Cash at bank 78,498

CREDITORS
Amounts falling due within one year 6 269,664
NET CURRENT LIABILITIES (191,166 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

286,581

CAPITAL AND RESERVES
Called up share capital 1
Revaluation reserve 7 475,822
Retained earnings 7 (189,242 )
286,581

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 May 2024 and were signed by:





R E Blyth Currie - Director


UNLIMITED CAPITAL LTD (REGISTERED NUMBER: 14267259)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2022 TO 31 AUGUST 2023

1. STATUTORY INFORMATION

Unlimited Capital Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

UNLIMITED CAPITAL LTD (REGISTERED NUMBER: 14267259)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2022 TO 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued

Provision
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

Going concern
There are no material uncertainties that may cast significant doubt about the company’s ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 2,266
At 31 August 2023 2,266
DEPRECIATION
Charge for period 342
At 31 August 2023 342
NET BOOK VALUE
At 31 August 2023 1,924

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1
Revaluations 475,822
At 31 August 2023 475,823
NET BOOK VALUE
At 31 August 2023 475,823

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2023 475,823

The investment properties are included at the director's estimate of fair market value at 31 August 2023.

UNLIMITED CAPITAL LTD (REGISTERED NUMBER: 14267259)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2022 TO 31 AUGUST 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Corporation Tax 3,783
Other creditors 1
Directors' current accounts 264,680
Accruals and deferred income 1,200
269,664

7. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

Profit for the period 286,580 286,580
Revaluation of investment
property

(475,822

)

475,822

-

At 31 August 2023 (189,242 ) 475,822 286,580

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 August 2023:

£   
R E Blyth Currie
Balance outstanding at start of period -
Amounts advanced 2,480
Amounts repaid (267,160 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period (264,680 )

No interest is being charged on the loan account and there are no set repayment terms.

9. RELATED PARTY DISCLOSURES

The company was a member of a group that included Unlimited Holdings Limited and Prime Design Limited. On 29 September 2022 Unlimited Capital Limited acquired the assets and liabilities of Unlimited Holdings Limited and Prime Developments Limited for £1. Unlimited Holdings Limited and Prime Design Limited have since been dissolved. Amounts owed to Unlimited Capital Limited by its former group members (created due to the liabilities taken on by Unlimited Capital Limited) have been written off and are included as exceptional items within the income statement.

10. COMPARATIVE FIGURES

There are no comparative figures in these financial statements as this is the company's first period of trade.