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Registered number: 01175970
Unicon Properties Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 June 2024
Allen Mills Howard & Co
Chartered Accountants
Lewis House
56 Manchester Road
Altrincham
Cheshire
WA14 4PJ
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 01175970
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 762 1,280
Investment Properties 5 3,710,000 3,710,000
3,710,762 3,711,280
CURRENT ASSETS
Debtors 232,123 152,431
Cash at bank and in hand 115,755 262,098
347,878 414,529
Creditors: Amounts Falling Due Within One Year (89,042 ) (46,360 )
NET CURRENT ASSETS (LIABILITIES) 258,836 368,169
TOTAL ASSETS LESS CURRENT LIABILITIES 3,969,598 4,079,449
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,566 ) (17,566 )
NET ASSETS 3,952,032 4,061,883
CAPITAL AND RESERVES
Called up share capital 6 110,922 110,922
Capital redemption reserve 48,767 48,767
Fair value reserve 8 2,121,190 2,121,190
Profit and Loss Account 1,671,153 1,781,004
SHAREHOLDERS' FUNDS 3,952,032 4,061,883
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 June 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr M G Wainwright
Director
Mr D S Wainwright
Director
8th April 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Unicon Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01175970 . The registered office is Lewis House, 56 Manchester Road, Altrincham, Cheshire, WA14 4PJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises rental income receivable on property investments and recharges of expenses, excluding value added tax.omprises is measured at

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% reducing balance and 20% on cost
Computer Equipment 3 years straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Total
£
Cost
As at 1 July 2023 22,962
Additions 403
Disposals (607 )
As at 30 June 2024 22,758
Depreciation
As at 1 July 2023 21,682
Provided during the period 921
Disposals (607 )
As at 30 June 2024 21,996
Net Book Value
As at 30 June 2024 762
As at 1 July 2023 1,280
Cost or valuation as at 30 June 2024 represented by:
Fixtures & Fittings Computer Equipment Total
£ £ £
At cost 16,734 6,024 22,758
16,734 6,024 22,758
5. Investment Property
2024
£
Fair Value
As at 1 July 2023 and 30 June 2024 3,710,000
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 110,922 110,922
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7. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 14,900 14,900
Later than one year and not later than five years 59,600 59,600
Later than five years 849,300 864,200
923,800 938,700
8. Reserves
Fair Value Reserve
£
As at 1 July 2023 2,121,190
As at 30 June 2024 2,121,190
9. Ultimate Controlling Party
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company is Unicon Holdings Limited.
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