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Unwind Properties Limited

Registered Number
14083736
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

Unwind Properties Limited
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

Bhupendra Sankhla
Kunal Hirsh Sankhla

Registered Address

68 Durand Road
Earley
Reading
RG6 5YS

Registered Number

14083736 (England and Wales)
Unwind Properties Limited
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property3343,900343,900
343,900343,900
Current assets
Cash at bank and on hand1,798365
1,798365
Creditors amounts falling due within one year4(94,100)(102,908)
Net current assets (liabilities)(92,302)(102,543)
Total assets less current liabilities251,598241,357
Creditors amounts falling due after one year5(245,313)(245,313)
Net assets6,285(3,956)
Capital and reserves
Called up share capital100100
Profit and loss account6,185(4,056)
Shareholders' funds6,285(3,956)
The financial statements were approved and authorised for issue by the Board of Directors on 10 February 2025, and are signed on its behalf by:
Kunal Hirsh Sankhla
Director
Registered Company No. 14083736
Unwind Properties Limited
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
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).
Going concern
The directors have confirmed that they will continue to give financial support to the company until such time as the company's position improves. The directors consider that it is appropriate to prepare the financial statements on a going concern basis.
Turnover policy
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 rendering of services.
Revenue from sale of goods
Revenue from the rendering of services is recognised as the contractual activity progresses.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
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.
Investment property
Investment property is included at fair value. Gains and losses are recognised in the income statement. Deferred taxation is provided on gains at the rate expected to apply when the property is sold.
2.Average number of employees

20242023
Average number of employees during the year22
3.Investment property

£
Fair value at 01 June 23343,900
At 31 May 24343,900
4.Creditors: amounts due within one year

2024

2023

££
Taxation and social security1,169282
Other creditors86,589101,684
Accrued liabilities and deferred income6,342942
Total94,100102,908
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts245,313245,313
Total245,313245,313