IRIS Accounts Production
v24.3.2.46
12216523
Board of Directors
1.12.23
30.11.24
30.11.24
true
false
true
false
false
true
false
Ordinary shares
1.00000
1B Ordinary, 1C Ordinary, 1D Ordinary, 1E Ordinary
1.00000
1
1
1
1
1
1
1
1
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REGISTERED NUMBER: 12216523 (England and Wales) |
Unaudited Financial Statements for the Year Ended 30 November 2024 |
Unite Property Holdings Ltd |
Notes to the Financial Statements |
3 |
|
|
REGISTERED OFFICE: |
Suite F1, First Floor |
|
Hurstwood Business Centre |
|
REGISTERED NUMBER: |
12216523 (England and Wales) |
|
ACCOUNTANTS: |
Wild & Co Chartered Accountants |
Cash at bank |
466,027 |
|
241,104 |
|
|
Amounts falling due within one year |
102,220 |
|
889 |
|
|
NET CURRENT ASSETS |
364,011 |
|
316,932 |
|
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
393,975 |
|
316,935 |
|
|
Called up share capital |
5 |
204 |
|
204 |
|
|
Retained earnings |
393,771 |
|
316,731 |
|
|
SHAREHOLDERS' FUNDS |
393,975 |
|
316,935 |
|
|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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. |
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 Income Statement and an abridged Balance Sheet for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006. |
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 31 March 2025 and were signed on its behalf by: |
|
Unite Property Holdings 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. |
|
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. |
|
Preparation of consolidated financial statements |
| The financial statements contain information about Unite Property Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
|
Investments in subsidiaries |
|
Investments in subsidiary undertakings are recognised at cost. |
|
Investments in traded shares/funds are recognised at cost. |
| 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 balance sheet date. |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. |
3. |
EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was 4 (2023 - 4 ) . |
4. |
FIXED ASSET INVESTMENTS |
|
Information on investments other than loans is as follows: |
|
At 30 November 2024 |
29,964 |
|
|
|
At 30 November 2024 |
29,964 |
|
|
|
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
|
Unite Construction Limited |
|
Registered office: Suite F1 First Floor, Hurstwood Business Park, York Road, Thirsk, YO7 3BX |
|
Nature of business: Construction company |
| The company owns 200 (100%) ordinary £0.01 shares in Unite Construction Limited. |
|
Registered office: Suite F1 First Floor, Hurstwood Business Park, York Road, Thirsk, YO7 3BX |
|
Nature of business: Property development |
| The company owns 1 (100%) ordinary £1.00 share in Unite Property Developments Limited. |
5. |
CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
|
Number: |
Class: |
Nominal |
30.11.24 |
|
30.11.23 |
|
100 |
Ordinary shares |
£1.00 |
200 |
|
200 |
|
|
|
4 |
1B Ordinary, 1C Ordinary, 1D |
|
|
Ordinary, 1E Ordinary |
£1 |
4 |
|
4 |
|
|
6. |
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
|
The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023: |
|
Mr P Askin and Mrs N Askin |
|
Balance outstanding at start of year |
(1 |
) |
(1 |
) |
|
|
Balance outstanding at end of year |
(1 |
) |
(1 |
) |
|
|
Mr D Mulqueen and Mrs N Mulqueen |
|
Balance outstanding at start of year |
(1 |
) |
(1 |
) |
|
|
Balance outstanding at end of year |
(1 |
) |
(1 |
) |
|
7. |
RELATED PARTY DISCLOSURES |
|
The director loan of £2 is money advanced to the Company by the Directors as at 30 November 2024. The loan is unsecured and interest free. |
|
A loan of £52,685 is due to Unite Construction Limited as at 30 November 2024. The loan is unsecured and interest free. |
|
A loan of £48,001 is due from Unite Property Developments Ltd as at 30 November 2024. The loan is unsecured and interest free. |