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REGISTERED NUMBER: 11443583 (England and Wales)















WORK UNIT ONE LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024






WORK UNIT ONE LTD (REGISTERED NUMBER: 11443583)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


WORK UNIT ONE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: L E Rogulska
T Rogulski





REGISTERED OFFICE: Unit A - 2 Thomas Road
Wooburn Green Industrial Park
Wooburn Green
High Wycombe
Buckinghamshire
HP10 0PE





REGISTERED NUMBER: 11443583 (England and Wales)





ACCOUNTANTS: Joseph Kahan Associates LLP
Chartered Accountants
923 Finchley Road
London
NW11 7PE

WORK UNIT ONE LTD (REGISTERED NUMBER: 11443583)

ABRIDGED STATEMENT OF FINANCIAL POSITION
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 3,028,974 3,028,974
3,028,974 3,028,974

CURRENT ASSETS
Cash at bank 45,932 19,356

CREDITORS
Amounts falling due within one year 1,326,411 1,314,919
NET CURRENT LIABILITIES (1,280,479 ) (1,295,563 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,748,495

1,733,411

CREDITORS
Amounts falling due after more than one
year

6

1,385,828

1,478,993
NET ASSETS 362,667 254,418

CAPITAL AND RESERVES
Called up share capital 8 450 450
Retained earnings 362,217 253,968
SHAREHOLDERS' FUNDS 362,667 254,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

WORK UNIT ONE LTD (REGISTERED NUMBER: 11443583)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
30TH SEPTEMBER 2024


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the year ended 30th September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 24th December 2024 and were signed on its behalf by:





L E Rogulska - Director


WORK UNIT ONE LTD (REGISTERED NUMBER: 11443583)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

Work Unit One Ltd 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 50% on cost

Investment property
Investment property is shown at cost price plus cost of acquisition and sundry improvements, which the directors consider to be the fair valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Going concern
The directors have undertaken not to withdraw their loan to the company without alternative facilities being put in place. For this reason they believe that the going concern basis is appropriate.

3. EMPLOYEES AND DIRECTORS

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

WORK UNIT ONE LTD (REGISTERED NUMBER: 11443583)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st October 2023
and 30th September 2024 5,468
DEPRECIATION
At 1st October 2023
and 30th September 2024 5,468
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2023
and 30th September 2024 3,028,974
NET BOOK VALUE
At 30th September 2024 3,028,974
At 30th September 2023 3,028,974

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 1,108,268 1,121,833

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,478,348 1,568,283

Bank loans are secured against the investment property.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
450 Ordinary £1 450 450

WORK UNIT ONE LTD (REGISTERED NUMBER: 11443583)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


9. ULTIMATE CONTROLLING PARTY

The company is controlled by Linda Rogulska and Toni Rogulski who hold 50% : 50% respectively of the issued share capital.