Company Registration No. 10613721 (England and Wales)
Una Properties Ltd
Unaudited accounts
for the period from 1 March 2023 to 28 February 2024
Una Properties Ltd
Unaudited accounts
Contents
Una Properties Ltd
Company Information
for the period from 1 March 2023 to 28 February 2024
Director
Nexhat Prapashtica
Company Number
10613721 (England and Wales)
Registered Office
1 Burlington Close
Pinner
London
HA5 2TP
Accountants
Solid Ltd
Eagle House
163 City Road
London
EC1V 1NR
Una Properties Ltd
Statement of financial position
as at 28 February 2024
Tangible assets
1,500
2,072
Investment property
1,238,420
1,363,420
Cash at bank and in hand
1,629
7,660
Creditors: amounts falling due within one year
(437,008)
(337,974)
Net current liabilities
(432,657)
(328,551)
Total assets less current liabilities
807,263
1,036,941
Creditors: amounts falling due after more than one year
(783,499)
(846,274)
Provisions for liabilities
Deferred tax
(14,726)
(35,869)
Called up share capital
1
1
Revaluation reserve
62,778
152,916
Profit and loss account
(53,741)
1,881
Shareholders' funds
9,038
154,798
For the period ending 28 February 2024 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 November 2024 and were signed on its behalf by
Nexhat Prapashtica
Director
Company Registration No. 10613721
Una Properties Ltd
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
Una Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 10613721. The registered office is 1 Burlington Close, Pinner, London, HA5 2TP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rental of properties is recognised over the period of rental.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected on balance sheet date.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
3 year straight line
Computer equipment
3 year straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Una Properties Ltd
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
3,700
217
3,917
At 28 February 2024
3,700
996
4,696
At 1 March 2023
1,628
217
1,845
Charge for the period
1,221
130
1,351
At 28 February 2024
2,849
347
3,196
At 28 February 2024
851
649
1,500
At 28 February 2023
2,072
-
2,072
Fair value at 1 March 2023
1,363,420
Net loss from fair value adjustments
(125,000)
At 28 February 2024
1,238,420
Property valuations were carried out by local estate agents after the year end.
Amounts falling due within one year
Accrued income and prepayments
1,665
88
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
51,340
3,213
Taxes and social security
-
29
Other creditors
3,600
3,600
Loans from directors
376,863
330,504
Una Properties Ltd
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
783,499
846,274
Aggregate of amounts that fall due for payment after five years
686,167
824,015
The 5 secured bank loans totalling £812,158 are secured against the following 5 properties
1. Unit 1 Ascott House, 82-88 Elm Grove, Southsea, Hampshire, PO5 1LN
2. 63-65 High Street, Long Eaton, Nottingham, NG10 1HZ
3. 8-16 Curzon Street, Derby, Derbyshire, DE1 1LL
4. 59 Albany Street, Ilkeston DE7 5AD
5. 27 Albany Street, Ilkeston DE7 5AD
9
Post balance sheet events
The property at Southsea was sold in July 2024 for £103,000
10
Average number of employees
During the period the average number of employees was 0 (2023: 1).