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REGISTERED NUMBER: 08513258 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

UNICORN 126 LIMITED

UNICORN 126 LIMITED (REGISTERED NUMBER: 08513258)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


UNICORN 126 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: T A Gore
Mrs E R Gore





REGISTERED OFFICE: 2 The Links
HERNE BAY
Kent
CT6 7GQ





BUSINESS ADDRESS: Moonrakers
Exbury Road
Blackfield
Southampton
Hampshire
SO45 1XE





REGISTERED NUMBER: 08513258 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
2 The Links
HERNE BAY
Kent
CT6 7GQ

UNICORN 126 LIMITED (REGISTERED NUMBER: 08513258)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 86
Investment property 6 850,000 1,265,000
850,000 1,265,086

CURRENT ASSETS
Debtors 7 526 872
Cash at bank 1,067 4,391
1,593 5,263
CREDITORS
Amounts falling due within one year 8 618,254 691,320
NET CURRENT LIABILITIES (616,661 ) (686,057 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

233,339

579,029

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Fair value reserve 10 57,563 393,713
Retained earnings 174,776 184,316
SHAREHOLDERS' FUNDS 233,339 579,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 17th September 2024 and were signed on its behalf by:





T A Gore - Director


UNICORN 126 LIMITED (REGISTERED NUMBER: 08513258)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Unicorn 126 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on a straight line basis

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.

Going concern
The company is dependent upon the continued financial support of its director. This is expected to continue whilst the company continues to develop its residential dwellings and realises the anticipated profit thereon.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

UNICORN 126 LIMITED (REGISTERED NUMBER: 08513258)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st June 2023
and 31st May 2024 941
DEPRECIATION
At 1st June 2023 855
Charge for year 86
At 31st May 2024 941
NET BOOK VALUE
At 31st May 2024 -
At 31st May 2023 86

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st June 2023 1,265,000
Revaluations (415,000 )
At 31st May 2024 850,000
NET BOOK VALUE
At 31st May 2024 850,000
At 31st May 2023 1,265,000

Fair value at 31st May 2024 is represented by:
£   
Valuation in 2024 850,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 526 872

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 258 821
Taxation and social security 13,502 92,352
Other creditors 604,494 598,147
618,254 691,320

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1.00 1,000 1,000

UNICORN 126 LIMITED (REGISTERED NUMBER: 08513258)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

10. RESERVES
Fair
value
reserve
£   
At 1st June 2023 393,713
Revaluation Gain/Loss (336,150 )

At 31st May 2024 57,563

11. ULTIMATE CONTROLLING PARTY

The controlling party is T A Gore.