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REGISTERED NUMBER: 04242867 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

UNTOLD LIMITED

UNTOLD LIMITED (REGISTERED NUMBER: 04242867)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UNTOLD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: B Jacobs





SECRETARY: B Jacobs





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 04242867 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

UNTOLD LIMITED (REGISTERED NUMBER: 04242867)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 531 708
Investment property 5 2,775,000 2,974,000
2,775,531 2,974,708

CURRENT ASSETS
Debtors 6 11,412 11,148
Cash at bank 22 1,776
11,434 12,924
CREDITORS
Amounts falling due within one year 7 (35,010 ) (31,091 )
NET CURRENT LIABILITIES (23,576 ) (18,167 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,751,955

2,956,541

CREDITORS
Amounts falling due after more than one year 8 (1,192,553 ) (1,192,553 )

PROVISIONS FOR LIABILITIES (243,894 ) (74,788 )
NET ASSETS 1,315,508 1,689,200

CAPITAL AND RESERVES
Called up share capital 10 2 2
Revaluation reserve 11 1,572,256 1,771,256
Retained earnings (256,750 ) (82,058 )
SHAREHOLDERS' FUNDS 1,315,508 1,689,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

UNTOLD LIMITED (REGISTERED NUMBER: 04242867)

BALANCE SHEET - continued
30 JUNE 2023


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 25 April 2024 and were signed by:





B Jacobs - Director


UNTOLD LIMITED (REGISTERED NUMBER: 04242867)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Untold Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The balance sheet shows net current liabilities of £23,576 (2022: £18,167). The director by taking account of all relevant information currently available, considers that the company will be able to meet all debts as they fall due. The director has indicated his willingness to support the company for the foreseeable future. Under these circumstances, the director is of the opinion that it is appropriate for the Financial Statements to be prepared on a going concern basis.

Turnover
Turnover represents net invoiced rents received and receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% 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.

Taxation
Taxation for the year 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

UNTOLD LIMITED (REGISTERED NUMBER: 04242867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2022
and 30 June 2023 21,132
DEPRECIATION
At 1 July 2022 20,424
Charge for year 177
At 30 June 2023 20,601
NET BOOK VALUE
At 30 June 2023 531
At 30 June 2022 708

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 2,974,000
Revaluations (199,000 )
At 30 June 2023 2,775,000
NET BOOK VALUE
At 30 June 2023 2,775,000
At 30 June 2022 2,974,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2008 243,520
Valuation in 2013 (81,286 )
Valuation in 2018 1,084,260
Valuation in 2020 (17,500 )
Valuation in 2021 199,000
Valuation in 2022 490,000
Valuation in 2023 (199,000 )
Cost 1,056,006
2,775,000

UNTOLD LIMITED (REGISTERED NUMBER: 04242867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 1,056,006 1,056,006

Investment properties were valued on an open market basis on 30 June 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 11,412 8,094
Other debtors - 3,054
11,412 11,148

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 11,554 -
Taxation and social security 7,741 3,539
Other creditors 15,715 27,552
35,010 31,091

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 1,192,553 1,192,553

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 1,192,553 1,192,553

UNTOLD LIMITED (REGISTERED NUMBER: 04242867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 1,192,553 1,192,553

The bank loans are secured by fixed charges against the investment properties.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
2 Ordinary £1 2 2

11. RESERVES
Revaluation
reserve
£   
At 1 July 2022 1,771,256
Asset revaluation (199,000 )

At 30 June 2023 1,572,256

12. RELATED PARTY DISCLOSURES

Untold Management Ltd

A company in which B Jacobs and J Jacobs are directors.


Administration fees paid to Untold Management Ltd during the year were £18,491 (2022: 15,876).

30.6.23 30.6.22
£    £   
Amount due to related party at the balance sheet date 10,639 24,173

B Jacobs

The bank overdraft is secured by a personal guarantee given by the director B Jacobs.