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Registered number: 04385353
Uniqo International Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Thomas Tax (Coventry) Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04385353
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,916 9,266
Investment Properties 5 2,495,000 2,495,000
2,498,916 2,504,266
CURRENT ASSETS
Debtors 6 19,466 21,042
Cash at bank and in hand 10,676 24,096
30,142 45,138
Creditors: Amounts Falling Due Within One Year 7 (901,415 ) (1,189,179 )
NET CURRENT ASSETS (LIABILITIES) (871,273 ) (1,144,041 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,627,643 1,360,225
Creditors: Amounts Falling Due After More Than One Year 8 (1,497,000 ) (1,254,115 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,749 ) (5,421 )
NET ASSETS 125,894 100,689
CAPITAL AND RESERVES
Called up share capital 10 2 2
Revaluation reserve 11 118,457 118,457
Profit and Loss Account 7,435 (17,770 )
SHAREHOLDERS' FUNDS 125,894 100,689
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Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
On behalf of the board
Mr John Mountford
Director
21st April 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Uniqo International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04385353 . The registered office is The Dutch Barn Frimley Yard, Aston Upthorpe, Didcot, Oxon, OX11 9FJ.
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 rents received from tenants.
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 20% on cost
Computer Equipment 33% on cost
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
Income 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 99,192 1,886 101,078
Additions - 3,744 3,744
As at 31 December 2024 99,192 5,630 104,822
Depreciation
As at 1 January 2024 90,967 845 91,812
Provided during the period 8,196 898 9,094
As at 31 December 2024 99,163 1,743 100,906
Net Book Value
As at 31 December 2024 29 3,887 3,916
As at 1 January 2024 8,225 1,041 9,266
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 2,495,000
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 3,338 4,914
Other debtors 16,128 16,128
19,466 21,042
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 7,010 5,193
Accruals and deferred income 2,496 2,389
Director's loan account 891,909 1,181,597
901,415 1,189,179
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,497,000 1,254,115
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9. Secured Creditors
Handelsbanken Plc have registered fixed charge and negative pledge at Companies House in respect of mortgages secured on investment properties.
2024 2023
£ £
Bank loans and overdrafts 1,497,000 1,254,115
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Reserves
Revaluation Reserve
£
As at 1 January 2024 118,457
As at 31 December 2024 118,457
12. Related Party Transactions
At 31 December 2024 the company owed £890,000 to its director.  No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.
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