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REGISTERED NUMBER: 06703134 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Unity Acquisitions Limited

Unity Acquisitions Limited (Registered number: 06703134)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Unity Acquisitions Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: S Jackson
D T Jackson
C S Jackson
S W D Grace





REGISTERED OFFICE: The Old Palace
Christ's Hospital Terrace
Lincoln
Lincolnshire
LN2 1LY





REGISTERED NUMBER: 06703134 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Unity Acquisitions Limited (Registered number: 06703134)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,830 22,805
Investment property 5 1,300,000 1,300,000
1,316,830 1,322,805

CURRENT ASSETS
Debtors 6 102,668 34,287
Cash at bank 269 71,108
102,937 105,395
CREDITORS
Amounts falling due within one year 7 321,763 320,516
NET CURRENT LIABILITIES (218,826 ) (215,121 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,098,004

1,107,684

CREDITORS
Amounts falling due after more than one
year

8

(308,654

)

(314,719

)

PROVISIONS FOR LIABILITIES (150,976 ) (151,773 )
NET ASSETS 638,374 641,192

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 632,502 632,502
Retained earnings 5,772 8,590
SHAREHOLDERS' FUNDS 638,374 641,192

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

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

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 26 March 2025 and were signed on its behalf by:



S W D Grace - Director


Unity Acquisitions Limited (Registered number: 06703134)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Unity Acquisitions Limited 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 as modified by the revaluation of certain assets.

At the year end the net current liabilities exceeded net assets by £211,157 (2023: £215,121). The company has the continued support of the parent company and on that basis the directors consider it appropriate to prepare the financial statements on a going concern basis.

Turnover
Turnover is measured at the fair value of consideration received.

Turnover represents gross invoiced rentals, which are recognised in the period to which they relate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 2% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - straight line over 7 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation
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
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.

Unity Acquisitions Limited (Registered number: 06703134)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 3,452 36,712 29,371 69,535
DEPRECIATION
At 1 July 2023 293 35,002 11,435 46,730
Charge for year 69 1,710 4,196 5,975
At 30 June 2024 362 36,712 15,631 52,705
NET BOOK VALUE
At 30 June 2024 3,090 - 13,740 16,830
At 30 June 2023 3,159 1,710 17,936 22,805

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023
and 30 June 2024 6,163
DEPRECIATION
At 1 July 2023 3,153
Charge for year 881
At 30 June 2024 4,034
NET BOOK VALUE
At 30 June 2024 2,129
At 30 June 2023 3,010

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 1,300,000
NET BOOK VALUE
At 30 June 2024 1,300,000
At 30 June 2023 1,300,000

Unity Acquisitions Limited (Registered number: 06703134)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. INVESTMENT PROPERTY - continued

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2019 480,867
Valuation in 2021 300,000
Cost 519,133
1,300,000

The directors have valued the investment property portfolio on an open market basis as at 30 June 2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 102,068 19,615
Other debtors 600 14,672
102,668 34,287

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,864 38,462
Hire purchase contracts 616 1,233
Trade creditors 24,406 19,781
Amounts owed to group undertakings 156,472 144,715
Taxation and social security 451 -
Other creditors 116,954 116,325
321,763 320,516

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 308,654 314,103
Hire purchase contracts - 616
308,654 314,719

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 240,080 198,718

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 331,518 352,565

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Unity Acquisitions Limited (Registered number: 06703134)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

11. RELATED PARTY DISCLOSURES

During the period, the company received payments from Unity Property Holdings Ltd, a company in which the directors, Mr D T Jackson, Mr C S Jackson, Mr S Jackson and Mr S W D Grace, are also directors. At the period end £136,300 (2023: £79,497) was owed to Unity Property Holdings Ltd.

During the period, the company received payments from Rissington Property Ltd, a company in which the directors, Mr D T Jackson, and Mr C S Jackson, are also directors. At the period end, £20,172 (2023: £65,218) was owed to Rissington Property Ltd.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Unity Property Holdings Limited.

The registered office address is:

The Old Palace
Christ's Hospital Terrace
Lincoln
LN2 1LY