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Registered number: 10951803
Uniborsa Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
ZA LTD
FMAAT AND FFA
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Statement of Changes in Equity 4
Notes to the Financial Statements 5—6
Page 1
Accountants' Report
Report of the Accountant to the director of Uniborsa Limited
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Signed
ZA Limited
10/10/2024
ZA LTD
FMAAT AND FFA
Page 1
Page 2
Balance Sheet
Registered number: 10951803
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,260 1,453
Investment Properties 5 2,026,115 2,026,115
2,045,375 2,027,568
CURRENT ASSETS
Cash at bank and in hand 21,831 11,162
21,831 11,162
Creditors: Amounts Falling Due Within One Year 7 (1,250 ) (19,523 )
NET CURRENT ASSETS (LIABILITIES) 20,581 (8,361 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,065,956 2,019,207
Creditors: Amounts Falling Due After More Than One Year 8 (2,038,809 ) (2,008,361 )
NET ASSETS 27,147 10,846
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 27,047 10,746
SHAREHOLDERS' FUNDS 27,147 10,846
Page 2
Page 3
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Saif Al Ghanemi
Director
10/10/2024
The notes on pages 5 to 6 form part of these financial statements.
Page 3
Page 4
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2022 100 17,789 17,889
Loss for the year and total comprehensive income - (7,043 ) (7,043)
As at 31 March 2023 and 1 April 2023 100 10,746 10,846
Profit for the year and total comprehensive income - 16,301 16,301
As at 31 March 2024 100 27,047 27,147
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Uniborsa Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10951803 . The registered office is 81 Chamberlayne Road, London, NW10 2ND.
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. Turnover includes revenue earned from the property rental income received
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on reducing Balance method
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 5,193
Additions 24,227
As at 31 March 2024 29,420
Depreciation
As at 1 April 2023 3,740
Provided during the period 6,420
As at 31 March 2024 10,160
Net Book Value
As at 31 March 2024 19,260
As at 1 April 2023 1,453
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 2,026,115
Page 5
Page 6
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors - 18,273
Accruals and deferred income 1,250 1,250
1,250 19,523
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,300,000 1,377,862
Directors loan account 738,809 630,499
2,038,809 2,008,361
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Dividends
Page 6