Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 02754118 Mr Shabbar Jagani Mr Ebrahim Jagani Mr Zeeshan Jagani Mrs Afshan Ebrahim Jagani iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02754118 2022-12-31 02754118 2023-12-31 02754118 2023-01-01 2023-12-31 02754118 frs-core:CurrentFinancialInstruments 2023-12-31 02754118 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 02754118 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02754118 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 02754118 frs-core:RevaluationReserve 2023-01-01 2023-12-31 02754118 frs-core:RevaluationReserve 2022-12-31 02754118 frs-core:RevaluationReserve 2023-12-31 02754118 frs-core:SharePremium 2023-12-31 02754118 frs-core:ShareCapital 2023-12-31 02754118 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 02754118 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02754118 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 02754118 frs-bus:SmallEntities 2023-01-01 2023-12-31 02754118 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02754118 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02754118 frs-bus:Director1 2023-01-01 2023-12-31 02754118 frs-bus:Director2 2023-01-01 2023-12-31 02754118 frs-bus:Director3 2023-01-01 2023-12-31 02754118 frs-bus:Director4 2023-01-01 2023-12-31 02754118 frs-countries:EnglandWales 2023-01-01 2023-12-31 02754118 2021-12-31 02754118 2022-12-31 02754118 2022-01-01 2022-12-31 02754118 frs-core:CurrentFinancialInstruments 2022-12-31 02754118 frs-core:RevaluationReserve 2022-12-31 02754118 frs-core:SharePremium 2022-12-31 02754118 frs-core:ShareCapital 2022-12-31 02754118 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 02754118
Unibud International Ltd.
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02754118
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 400,000 223,811
400,000 223,811
CURRENT ASSETS
Debtors 5 4,000 5,255
Cash at bank and in hand 1,221,863 1,193,472
1,225,863 1,198,727
Creditors: Amounts Falling Due Within One Year 6 (233,366 ) (269,145 )
NET CURRENT ASSETS (LIABILITIES) 992,497 929,582
TOTAL ASSETS LESS CURRENT LIABILITIES 1,392,497 1,153,393
NET ASSETS 1,392,497 1,153,393
CAPITAL AND RESERVES
Called up share capital 7 840,000 840,000
Share premium account 50,000 50,000
Revaluation reserve 8 269,622 93,433
Profit and Loss Account 232,875 169,960
SHAREHOLDERS' FUNDS 1,392,497 1,153,393
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Shabbar Jagani
Director
Mr Ebrahim Jagani
Director
Mr Zeeshan Jagani
Director
Mrs Afshan Ebrahim Jagani
Director
15/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Unibud International Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 02754118 . The registered office is Metroline House 4th Floor, 118-122 College Road, Harrow, HA1 1BQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured initially at cost and held under the revaluation model. The revaluation is carried out periodically to reflect the fair value of the freehold property held. The land and buildings held are freehold and not depreciated.
Freehold Not depreciated
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.4. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost or Valuation
As at 1 January 2023 223,811
Revaluation 176,189
As at 31 December 2023 400,000
Net Book Value
As at 31 December 2023 400,000
As at 1 January 2023 223,811
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Page 5
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 4,000 -
Prepayments and accrued income - 5,037
Other debtors - 218
4,000 5,255
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 17,807 44,869
Rent deposits 5,000 5,000
Accruals and deferred income 999 7,606
Directors' loan accounts 209,560 211,670
233,366 269,145
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 840,000 840,000
8. Reserves
Revaluation Reserve
£
As at 1 January 2023 93,433
Surplus on revaluation 176,189
As at 31 December 2023 269,622
Page 5