Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseNo description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09624801 2023-07-01 2024-06-30 09624801 2022-07-01 2023-06-30 09624801 2024-06-30 09624801 2023-06-30 09624801 c:Director1 2023-07-01 2024-06-30 09624801 d:FreeholdInvestmentProperty 2024-06-30 09624801 d:FreeholdInvestmentProperty 2023-06-30 09624801 d:CurrentFinancialInstruments 2024-06-30 09624801 d:CurrentFinancialInstruments 2023-06-30 09624801 d:Non-currentFinancialInstruments 2024-06-30 09624801 d:Non-currentFinancialInstruments 2023-06-30 09624801 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09624801 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09624801 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 09624801 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 09624801 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 09624801 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 09624801 d:ShareCapital 2024-06-30 09624801 d:ShareCapital 2023-06-30 09624801 d:RevaluationReserve 2024-06-30 09624801 d:RevaluationReserve 2023-06-30 09624801 d:RetainedEarningsAccumulatedLosses 2024-06-30 09624801 d:RetainedEarningsAccumulatedLosses 2023-06-30 09624801 c:FRS102 2023-07-01 2024-06-30 09624801 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09624801 c:FullAccounts 2023-07-01 2024-06-30 09624801 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09624801 5 2023-07-01 2024-06-30 09624801 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 09624801









UNICORNIS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
UNICORNIS LTD
REGISTERED NUMBER: 09624801

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 5 
435,285
435,285

  
435,285
435,285

Current assets
  

Debtors: amounts falling due within one year
 6 
251
675

Cash at bank and in hand
 7 
942
12,502

  
1,193
13,177

Creditors: amounts falling due within one year
 8 
(353,834)
(9,380)

Net current (liabilities)/assets
  
 
 
(352,641)
 
 
3,797

Total assets less current liabilities
  
82,644
439,082

Creditors: amounts falling due after more than one year
 9 
-
(361,963)

Provisions for liabilities
  

Deferred tax
  
(6,112)
(6,112)

  
 
 
(6,112)
 
 
(6,112)

Net assets
  
76,532
71,007


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
48,244
48,244

Profit and loss account
  
28,188
22,663

  
76,532
71,007


Page 1

 
UNICORNIS LTD
REGISTERED NUMBER: 09624801
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 by: 




K Mehta
Director

Date: 28 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
UNICORNIS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Unicornis Ltd, 09624801, is private Company, limited by shares, incorporated in England and Wales, with its registered office and principal place of business at  Outcast Cottage, Tetchill Moor, Ellesmere, Shropshire, United Kingdom, SY12 9AL
The principal activity of the Company continues to be rental of investment properties. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 forseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
UNICORNIS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.8

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.

Page 4

 
UNICORNIS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.


4.


Employees

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).

Page 5

 
UNICORNIS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
435,285



At 30 June 2024
435,285

The 2024 valuations were made by directors, on an open market value for existing use basis.



At 30 June 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
380,929
380,929

380,929
380,929

Page 6

 
UNICORNIS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Prepayments and accrued income
251
675

251
675



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
942
12,502

942
12,502



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Payments received on account
279
-

Other taxation and social security
1,340
492

Other creditors
349,405
6,537

Accruals and deferred income
2,810
2,351

353,834
9,380



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
-
361,963

-
361,963


Page 7

 
UNICORNIS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Other loans
-
361,963


-
361,963



-
361,963


 
Page 8