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Registration number: 08933835

Unique Finance Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2024

 

Unique Finance Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Unique Finance Limited

Company Information

Director

B Budhdeo

Registered office

Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

Accountants

Ross + Partners
Chartered Certified Accountants
Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

 

Unique Finance Limited

(Registration number: 08933835)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed Assets

 

Tangible assets

3

7,057

11,755

Investments

8,614

-

 

15,671

11,755

Current assets

 

Debtors

826,203

197,829

Cash at bank and in hand

 

19,665

387,049

 

845,868

584,878

Creditors: Amounts falling due within one year

(350,728)

(227,797)

Net current assets

 

495,140

357,081

Total assets less current liabilities

 

510,811

368,836

Creditors: Amounts falling due after more than one year

(27,226)

(31,085)

Net assets

 

483,585

337,751

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

483,485

337,651

Shareholders' funds

 

483,585

337,751

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

Unique Finance Limited

(Registration number: 08933835)
Abridged Balance Sheet as at 31 March 2024

Approved and authorised by the director on 7 January 2025
 

.........................................
B Budhdeo
Director

   
     
 

Unique Finance Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Unique Finance Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

33.3% Straight line basis

Furniture and Fittings

33.3% Straight line basis

Improvements to property

Over 5 years

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 4).

 

Unique Finance Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

3

Tangible assets

Properties under construction
 £

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

15,000

4,992

12,955

32,947

Additions

-

-

537

537

At 31 March 2024

15,000

4,992

13,492

33,484

Depreciation

At 1 April 2023

6,000

3,997

11,195

21,192

Charge for the year

3,000

995

1,240

5,235

At 31 March 2024

9,000

4,992

12,435

26,427

Carrying amount

At 31 March 2024

6,000

-

1,057

7,057

At 31 March 2023

9,000

995

1,760

11,755

4

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Share of £1 each

100

100

100

100