Silverfin false false 31/12/2023 01/01/2023 31/12/2023 M Richman 07/04/2003 S Richman 07/04/2003 24 December 2024 The principal activity of the company during the financial year is that of general merchants and share dealers. 00587638 2023-12-31 00587638 bus:Director1 2023-12-31 00587638 bus:Director2 2023-12-31 00587638 2022-12-31 00587638 core:CurrentFinancialInstruments 2023-12-31 00587638 core:CurrentFinancialInstruments 2022-12-31 00587638 core:Non-currentFinancialInstruments 2023-12-31 00587638 core:Non-currentFinancialInstruments 2022-12-31 00587638 core:ShareCapital 2023-12-31 00587638 core:ShareCapital 2022-12-31 00587638 core:RevaluationReserve 2023-12-31 00587638 core:RevaluationReserve 2022-12-31 00587638 core:RetainedEarningsAccumulatedLosses 2023-12-31 00587638 core:RetainedEarningsAccumulatedLosses 2022-12-31 00587638 core:LandBuildings 2022-12-31 00587638 core:OtherPropertyPlantEquipment 2022-12-31 00587638 core:LandBuildings 2023-12-31 00587638 core:OtherPropertyPlantEquipment 2023-12-31 00587638 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-12-31 00587638 core:RemainingRelatedParties core:CurrentFinancialInstruments 2022-12-31 00587638 core:RemainingRelatedParties core:Non-currentFinancialInstruments 2023-12-31 00587638 core:RemainingRelatedParties core:Non-currentFinancialInstruments 2022-12-31 00587638 bus:OrdinaryShareClass1 2023-12-31 00587638 2023-01-01 2023-12-31 00587638 bus:FilletedAccounts 2023-01-01 2023-12-31 00587638 bus:SmallEntities 2023-01-01 2023-12-31 00587638 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 00587638 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00587638 bus:Director1 2023-01-01 2023-12-31 00587638 bus:Director2 2023-01-01 2023-12-31 00587638 2022-01-01 2022-12-31 00587638 core:LandBuildings 2023-01-01 2023-12-31 00587638 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 00587638 core:Non-currentFinancialInstruments 2023-01-01 2023-12-31 00587638 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 00587638 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 00587638 (England and Wales)

UNIQUE WORLDWIDE LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

UNIQUE WORLDWIDE LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

UNIQUE WORLDWIDE LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
UNIQUE WORLDWIDE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,342,404 1,223,326
Investments 872,411 409,593
2,214,815 1,632,919
Current assets
Stocks 40,500 528,290
Debtors 4 3,530,185 3,646,342
Cash at bank and in hand 608,396 705,853
4,179,081 4,880,485
Creditors: amounts falling due within one year 5 ( 1,249,096) ( 1,358,701)
Net current assets 2,929,985 3,521,784
Total assets less current liabilities 5,144,800 5,154,703
Creditors: amounts falling due after more than one year 6 ( 708,729) ( 738,447)
Net assets 4,436,071 4,416,256
Capital and reserves
Called-up share capital 7 100 100
Revaluation reserve 645,890 645,890
Profit and loss account 3,790,081 3,770,266
Total shareholder's funds 4,436,071 4,416,256

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Unique Worldwide Limited (registered number: 00587638) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

M Richman
Director

24 December 2024

UNIQUE WORLDWIDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
UNIQUE WORLDWIDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Unique Worldwide Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery etc. not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the company during the year, including directors 3 3

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 January 2023 950,000 318,901 1,268,901
Additions 0 129,109 129,109
At 31 December 2023 950,000 448,010 1,398,010
Accumulated depreciation
At 01 January 2023 0 45,575 45,575
Charge for the financial year 0 10,031 10,031
At 31 December 2023 0 55,606 55,606
Net book value
At 31 December 2023 950,000 392,404 1,342,404
At 31 December 2022 950,000 273,326 1,223,326

4. Debtors

2023 2022
£ £
Trade debtors 2,718,568 2,786,748
Amounts owed by group undertakings 521,512 529,886
Other debtors 290,105 329,708
3,530,185 3,646,342

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 557,114 680,529
Amounts owed to related parties 61,714 61,714
Taxation and social security 29,849 16,413
Other creditors 600,419 600,045
1,249,096 1,358,701

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Amounts owed to related parties 708,729 738,447

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 ORDINARY shares of £ 1.00 each 100 100