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REGISTERED NUMBER: 08252593 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

UNITY ESTATES LIMITED

UNITY ESTATES LIMITED (REGISTERED NUMBER: 08252593)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UNITY ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mrs M Karan





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 08252593 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

UNITY ESTATES LIMITED (REGISTERED NUMBER: 08252593)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 406 507
Investments 5 40,000 -
Investment property 6 5,315,000 5,315,000
5,355,406 5,315,507

CURRENT ASSETS
Debtors 7 2,769 5,769
Cash at bank 792,885 826,045
795,654 831,814
CREDITORS
Amounts falling due within one year 8 628,324 641,506
NET CURRENT ASSETS 167,330 190,308
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,522,736

5,505,815

CREDITORS
Amounts falling due after more than one
year

9

(3,180,000

)

(3,180,000

)

PROVISIONS FOR LIABILITIES 11 (288,506 ) (288,506 )
NET ASSETS 2,054,230 2,037,309

CAPITAL AND RESERVES
Called up share capital 12 100 100
Fair value reserve 13 1,626,495 1,626,495
Retained earnings 427,635 410,714
SHAREHOLDERS' FUNDS 2,054,230 2,037,309

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

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

The director acknowledges her 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.

UNITY ESTATES LIMITED (REGISTERED NUMBER: 08252593)

BALANCE SHEET - continued
31 OCTOBER 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 8 July 2024 and were signed by:





Mrs M Karan - Director


UNITY ESTATES LIMITED (REGISTERED NUMBER: 08252593)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Unity Estates 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
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 represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts, other sales taxes and net of VAT.

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 - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 ) .

UNITY ESTATES LIMITED (REGISTERED NUMBER: 08252593)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 November 2022
and 31 October 2023 3,780
DEPRECIATION
At 1 November 2022 3,273
Charge for year 101
At 31 October 2023 3,374
NET BOOK VALUE
At 31 October 2023 406
At 31 October 2022 507

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 40,000
At 31 October 2023 40,000
NET BOOK VALUE
At 31 October 2023 40,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 5,315,000
NET BOOK VALUE
At 31 October 2023 5,315,000
At 31 October 2022 5,315,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2020 1,915,000
Cost 3,400,000
5,315,000

UNITY ESTATES LIMITED (REGISTERED NUMBER: 08252593)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors - 3,000
Other debtors 2,769 2,769
2,769 5,769

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 10,058 20,239
Tax 3,993 13,808
VAT 1,733 1,794
Other creditors - 18,073
Amounts due to related party 57,892 57,892
Rents recieved in advance 5,667 3,750
Directors' current accounts 529,659 508,818
Accrued expenses 19,322 17,132
628,324 641,506

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans (see note 10) 3,180,000 3,180,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 3,180,000 3,180,000

10. LOANS

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 3,180,000 3,180,000

11. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 288,506 288,506

UNITY ESTATES LIMITED (REGISTERED NUMBER: 08252593)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2022 288,506
Balance at 31 October 2023 288,506

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

13. RESERVES
Fair
value
reserve
£   
At 1 November 2022
and 31 October 2023 1,626,495