Registered number
14066462
UNICORN RENTALS LTD
Filleted Accounts
30 April 2024
UNICORN RENTALS LTD
Registered number: 14066462
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 202,381 202,381
Creditors: amounts falling due within one year 4 (187,219) (197,792)
Net current liabilities (187,219) (197,792)
Net assets 15,162 4,589
Capital and reserves
Called up share capital 5 5
Profit and loss account 15,157 4,584
Shareholders' funds 15,162 4,589
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs JK Morland
Director
Approved by the board on 16 January 2025
UNICORN RENTALS LTD
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 rent of property.
Investments
Investments in Land & buildings are measured initially at cost with further consideration at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Investments
Land &
buildings
investments
£
Cost
At 1 May 2023 202,381
At 30 April 2024 202,381
Historical cost
At 1 May 2023 202,381
At 30 April 2024 202,381
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,479 1,075
Other creditors 184,740 196,717
187,219 197,792
5 Related party transactions
The company borrowed funds from Unicorn Analytics Ltd during the year. This is an associated company of Unicorn Rentals Ltd. There is no fixed date for repayment of the loan. The loan is free of any interest charge.
2024 2023
£ £
Included in other creditors
Loan from Unicorn Analytics Ltd 184,265 196,247
6 Other information
UNICORN RENTALS LTD is a private company limited by shares and incorporated in England. Its registered office is:
9 Clayfield
Yate
Bristol
BS37 7PE
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