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REGISTERED NUMBER: 05023546 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Unmod London Limited

Unmod London Limited (Registered number: 05023546)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Unmod London Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: R Bartlett
S Bartlett





REGISTERED OFFICE: 120 Cockfosters Road
Barnet
EN4 0DZ





REGISTERED NUMBER: 05023546 (England and Wales)





ACCOUNTANTS: G & A Partners LLP
Chartered Accountants
120 Cockfosters Road
Barnet
EN4 0DZ

Unmod London Limited (Registered number: 05023546)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 200,139 200,222

CURRENT ASSETS
Debtors 5 69 4,322
Cash at bank 1 1
70 4,323
CREDITORS
Amounts falling due within one year 6 43,728 49,240
NET CURRENT LIABILITIES (43,658 ) (44,917 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,481

155,305

CREDITORS
Amounts falling due after more than one
year

7

(36,797

)

(39,810

)

PROVISIONS FOR LIABILITIES (19,610 ) (19,625 )
NET ASSETS 100,074 95,870

CAPITAL AND RESERVES
Called up share capital 75 75
Revaluation reserve 8 100,444 100,444
Retained earnings 8 (445 ) (4,649 )
SHAREHOLDERS' FUNDS 100,074 95,870

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Unmod London Limited (Registered number: 05023546)

Statement of Financial Position - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by:





R Bartlett - Director


Unmod London Limited (Registered number: 05023546)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Unmod London Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

However, deferred tax asset is recognised only to the extent that the directors consider that it is more likely that not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and law enacted or substantively enacted at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Unmod London Limited (Registered number: 05023546)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 200,000 9,933 333 210,266
DEPRECIATION
At 1 April 2023 - 9,933 111 10,044
Charge for year - - 83 83
At 31 March 2024 - 9,933 194 10,127
NET BOOK VALUE
At 31 March 2024 200,000 - 139 200,139
At 31 March 2023 200,000 - 222 200,222

Included in cost or valuation of land and buildings is freehold land of £ 187,696 (2023 - £ 187,696 ) which is not depreciated.

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Valuation in 2017 250,261 9,933 333 260,527
Valuation in 2020 (24,400 ) - - (24,400 )
Valuation in 2020 (25,861 ) - - (25,861 )
200,000 9,933 333 210,266

The fair value of the land and building have been arrived at on the basis of a valuation carried out by the directors of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts - 3,241
VAT - 1,039
Prepayments 69 42
69 4,322

Unmod London Limited (Registered number: 05023546)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,358 35,735
Tax 13,188 10,686
PAYE 102 34
VAT 3,652 -
Directors' current accounts 1,646 -
Accrued expenses 2,782 2,785
43,728 49,240

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yr by instalments 36,797 39,810

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instalments 36,797 39,810

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 (4,649 ) 100,444 95,795
Profit for the year 42,204 42,204
Dividends (38,000 ) (38,000 )
At 31 March 2024 (445 ) 100,444 99,999

9. RELATED PARTY DISCLOSURES

An amount of £7,595 was owed by the company to the directors at the year end.