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REGISTERED NUMBER: 02696696 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

UNIFIN LIMITED

UNIFIN LIMITED (REGISTERED NUMBER: 02696696)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


UNIFIN LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTOR: F Bozzo





REGISTERED OFFICE: 10 London Mews
London
W2 1HY





REGISTERED NUMBER: 02696696 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

UNIFIN LIMITED (REGISTERED NUMBER: 02696696)

STATEMENT OF FINANCIAL POSITION
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 64,824 64,824

CURRENT ASSETS
Debtors 5 1,042 18,491
Cash at bank 68 14,730
1,110 33,221
CREDITORS
Amounts falling due within one year 6 1,749,400 1,782,012
NET CURRENT LIABILITIES (1,748,290 ) (1,748,791 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,683,466

)

(1,683,967

)

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings (1,685,466 ) (1,685,967 )
SHAREHOLDERS' FUNDS (1,683,466 ) (1,683,967 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 25 November 2024 and were signed by:





F Bozzo - Director


UNIFIN LIMITED (REGISTERED NUMBER: 02696696)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Unifin 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.

Going concern
The financial statements have been prepared on a going concern basis. Whilst the company has a net deficit on its balance sheet it is reliant on the continued support of the shareholders.The shareholders have provided the company with an undertaking that for at least 12 months from the date of approval of these financial statements, they will continue to make available such funds as are needed by the company. This should enable the company to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payment.

Preparation of consolidated financial statements
The financial statements contain information about Unifin Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investment in subsidiary undertaking is recognised at cost less accumulated impairment losses.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like amounts owed by an associate, other debtors and other creditors.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 64,824
NET BOOK VALUE
At 30 November 2023 64,824
At 30 November 2022 64,824

UNIFIN LIMITED (REGISTERED NUMBER: 02696696)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 1,042 18,491

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors - 2,638
Other creditors 1,749,400 1,779,374
1,749,400 1,782,012

7. RELATED PARTY DISCLOSURES

Included in other creditors is a loan of £1,747,054 (2022: £1,776,245) due to a shareholder. The loan is interest free and repayable as and when cashflow permits

Included in other debtors is a loan of £1,042 (2022: £18,491) due from a company in which the director has material interest. The loan is interest free and repayable as and when cashflow permits.