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Company Registration No. 01258513 (England and Wales)







UNIQUE JEANS LIMITED

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MAY 2024




































Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE

 
UNIQUE JEANS LIMITED
REGISTERED NUMBER:01258513

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,566,834
1,566,834

  
1,566,834
1,566,834

Current assets
  

Debtors: amounts falling due within one year
 5 
210,926
212,799

Current asset investments
 6 
409,965
351,751

Cash at bank and in hand
  
1,186,754
1,175,204

  
1,807,645
1,739,754

Creditors: amounts falling due within one year
 7 
(58,806)
(46,312)

Net current assets
  
 
 
1,748,839
 
 
1,693,442

Total assets less current liabilities
  
3,315,673
3,260,276

  

Net assets
  
3,315,673
3,260,276


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
3,305,673
3,250,276

  
3,315,673
3,260,276


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 January 2025.

___________________________
Claudia Mirchandani
Director

Page 1

 
UNIQUE JEANS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Unique Jeans Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Romney Road, Rottingdean, Brighton, East Sussex, BN2 7GG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

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.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Page 2

 
UNIQUE JEANS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
2
2


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 June 2023
1,566,834



At 31 May 2024

1,566,834






Net book value



At 31 May 2024
1,566,834



At 31 May 2023
1,566,834

Page 3

 
UNIQUE JEANS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Other debtors
154,970
156,843

Tax recoverable
55,956
55,956

210,926
212,799



6.


Current asset investments

2024
2023
£
£

Listed investments
409,965
351,751



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
300

Corporation tax
22,009
20,179

Other taxation and social security
680
-

Other creditors
31,117
20,833

Accruals
5,000
5,000

58,806
46,312



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,000 (2023 - 10,000) Ordinary shares of £1 each
10,000
10,000



9.


Post balance sheet events

There were no events since the year end which materially affected the company.


10.


Controlling party

Jaikishin Mirchandani owns 100% of the issued share capital of the company and is therefore the ultimate controller of the company.

 
Page 4