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Registered number: 11102345
Unique Property Investment Group Ltd
Unaudited Financial Statements
For the Period 1 January 2023 to 31 July 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11102345
31 July 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 41,326 45,371
41,326 45,371
CURRENT ASSETS
Debtors 5 523,696 346,760
Cash at bank and in hand 52,329 23,365
576,025 370,125
Creditors: Amounts Falling Due Within One Year 6 (383,847 ) (271,313 )
NET CURRENT ASSETS (LIABILITIES) 192,178 98,812
TOTAL ASSETS LESS CURRENT LIABILITIES 233,504 144,183
Creditors: Amounts Falling Due After More Than One Year 7 (105,406 ) (132,321 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,277 ) (8,620 )
NET ASSETS 118,821 3,242
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 118,721 3,142
SHAREHOLDERS' FUNDS 118,821 3,242
Page 1
Page 2
For the period ending 31 July 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.
Directors Comments
We have decided to change the accounting period year end as we made a strategic decision to completely change the direction of the company and move away from property sourcing and become a property investment firm.
July 2023 was the last month that we acted as a property sourcing company, so it was fitting that we close the year off early to reflect the change in business. Since then we have developed the business into a multi-tier investment firm centred around government funded housing providers for assisted living within the UK. We buy, lease and develop properties in the UK for the long term use by the housing providers and as such offer our invested clients healthy returns.
The rate of growth has been significant and we are forecasting a turnover in excess of £12 million by the end of the next financial period, whilst increasing our asset base.
We have raised in excess of £7 million to date and have over 500 satisfied investor clients. Important to note that as an unregulated investment business we adhere to and follow all FCA requirements and guidelines in order to operate correctly in the UK.
The financial statements were approved by the board of directors on 3 October 2024 and were signed on its behalf by:
Christian Woollard
03/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Unique Property Investment Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11102345 . The registered office is 61/63 Crockamwell Road, Woodley, Reading, RG5 3JP.
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 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:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 33% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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.
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.
...CONTINUED
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2.5. Taxation - continued
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 and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2022: 1)
1 1
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 January 2023 51,998
Additions 2,615
As at 31 July 2023 54,613
Depreciation
As at 1 January 2023 6,627
Provided during the period 6,660
As at 31 July 2023 13,287
Net Book Value
As at 31 July 2023 41,326
As at 1 January 2023 45,371
5. Debtors
31 July 2023 31 December 2022
£ £
Due within one year
Trade debtors 73,906 6,000
Amounts owed by group undertakings 34,964 -
Other debtors 414,826 340,760
523,696 346,760
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6. Creditors: Amounts Falling Due Within One Year
31 July 2023 31 December 2022
£ £
Net obligations under finance lease and hire purchase contracts 9,153 -
Trade creditors 2,564 2,400
Bank loans and overdrafts 16,768 11,176
Amounts owed to group undertakings 40,834 -
Other creditors 99,439 85,017
Taxation and social security 215,089 172,720
383,847 271,313
7. Creditors: Amounts Falling Due After More Than One Year
31 July 2023 31 December 2022
£ £
Net obligations under finance lease and hire purchase contracts 28,175 -
Bank loans 77,231 132,321
105,406 132,321
8. Obligations Under Finance Leases and Hire Purchase
31 July 2023 31 December 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,153 -
Later than one year and not later than five years 28,175 -
37,328 -
37,328 -
9. Share Capital
31 July 2023 31 December 2022
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2023
£ £ £ £ £
Mr Lewis Hall 235,480 86,972 5,618 - 316,834
The above loan is unsecured, interest free and repayable on demand.
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