IRIS Accounts Production v24.2.0.383 04242867 director 1.7.23 30.6.24 30.6.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042428672023-06-30042428672024-06-30042428672023-07-012024-06-30042428672022-06-30042428672022-07-012023-06-30042428672023-06-3004242867ns15:EnglandWales2023-07-012024-06-3004242867ns14:PoundSterling2023-07-012024-06-3004242867ns10:Director12023-07-012024-06-3004242867ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3004242867ns10:SmallEntities2023-07-012024-06-3004242867ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3004242867ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3004242867ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3004242867ns10:FullAccounts2023-07-012024-06-3004242867ns10:OrdinaryShareClass12023-07-012024-06-3004242867ns10:RegisteredOffice2023-07-012024-06-3004242867ns5:CurrentFinancialInstruments2024-06-3004242867ns5:CurrentFinancialInstruments2023-06-3004242867ns5:Non-currentFinancialInstruments2024-06-3004242867ns5:Non-currentFinancialInstruments2023-06-3004242867ns5:ShareCapital2024-06-3004242867ns5:ShareCapital2023-06-3004242867ns5:RevaluationReserve2024-06-3004242867ns5:RevaluationReserve2023-06-3004242867ns5:RetainedEarningsAccumulatedLosses2024-06-3004242867ns5:RetainedEarningsAccumulatedLosses2023-06-3004242867ns5:FurnitureFittings2023-07-012024-06-3004242867ns5:FurnitureFittings2023-06-3004242867ns5:FurnitureFittings2024-06-3004242867ns5:FurnitureFittings2023-06-3004242867ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3004242867ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3004242867ns5:DeferredTaxation2023-06-3004242867ns5:DeferredTaxation2023-07-012024-06-3004242867ns5:DeferredTaxation2024-06-3004242867ns10:OrdinaryShareClass12024-06-3004242867ns5:RevaluationReserve2023-06-30
REGISTERED NUMBER: 04242867 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

UNTOLD LIMITED

UNTOLD LIMITED (REGISTERED NUMBER: 04242867)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UNTOLD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: B Jacobs





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 04242867 (England and Wales)





ACCOUNTANTS: MGR Weston Kay LLP
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

UNTOLD LIMITED (REGISTERED NUMBER: 04242867)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 398 531
Investment property 5 2,775,000 2,775,000
2,775,398 2,775,531

CURRENT ASSETS
Debtors 6 204,726 11,412
Cash at bank 22 22
204,748 11,434
CREDITORS
Amounts falling due within one year 7 (9,485 ) (35,010 )
NET CURRENT ASSETS/(LIABILITIES) 195,263 (23,576 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,970,661 2,751,955

CREDITORS
Amounts falling due after more than one year 8 (1,437,833 ) (1,192,553 )

PROVISIONS FOR LIABILITIES 11 (243,868 ) (243,894 )
NET ASSETS 1,288,960 1,315,508

UNTOLD LIMITED (REGISTERED NUMBER: 04242867)

BALANCE SHEET - continued
30 JUNE 2024

30.6.24 30.6.23
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 12 2 2
Revaluation reserve 13 1,572,256 1,572,256
Retained earnings (283,298 ) (256,750 )
SHAREHOLDERS' FUNDS 1,288,960 1,315,508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

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 22 August 2024 and were signed by:





B Jacobs - Director


UNTOLD LIMITED (REGISTERED NUMBER: 04242867)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


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
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 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 1 (2023 - 2 ) .

UNTOLD LIMITED (REGISTERED NUMBER: 04242867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023
and 30 June 2024 21,132
DEPRECIATION
At 1 July 2023 20,601
Charge for year 133
At 30 June 2024 20,734
NET BOOK VALUE
At 30 June 2024 398
At 30 June 2023 531

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 2,775,000
NET BOOK VALUE
At 30 June 2024 2,775,000
At 30 June 2023 2,775,000

Fair value at 30 June 2024 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 2024


5. INVESTMENT PROPERTY - continued

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

30.6.24 30.6.23
£    £   
Cost 1,056,006 1,056,006

Investment properties were valued on an open market basis on 30 June 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 11,955 11,412
Other debtors 39,761 -
Directors' current accounts 149,396 -
Tax 3,614 -
204,726 11,412

Director's current account is overdrawn by £149,396 and will be repaid within 9 months of the year end.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts (see note 9) 743 11,554
Trade creditors 841 -
Taxation and social security 3,701 7,741
Other creditors 4,200 15,715
9,485 35,010

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans (see note 9) 1,437,833 1,192,553

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 1,437,833 1,192,553

UNTOLD LIMITED (REGISTERED NUMBER: 04242867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. LOANS

An analysis of the maturity of loans is given below:

30.6.24 30.6.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 743 11,554

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans 1,437,833 1,192,553

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 1,437,833 1,192,553

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

11. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 243,868 243,894

Deferred
tax
£   
Balance at 1 July 2023 243,894
Provided during year (26 )
Balance at 30 June 2024 243,868

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
2 Ordinary £1 2 2

UNTOLD LIMITED (REGISTERED NUMBER: 04242867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


13. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 1,572,256

14. RELATED PARTY DISCLOSURES

Untold Management Ltd

A company in which B Jacobs is a director.


Administration fees paid to Untold Management Ltd during the year were £18,127 (2023: 18,491).

30.6.24 30.6.23
£    £   
Amount due from/(to) related party at the balance sheet date 22,761 (10,639 )

B Jacobs

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

The Financial Advisers Ltd

A company in which B Jacobs is a director.


Loans to the value of £17,000 were given to the company during the year.

30.6.24 30.6.23
£    £   
Amount due from related party at the balance sheet date 17,000 -