Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-082024-01-01falseNo description of principal activity1014truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09106105 2024-01-01 2024-12-31 09106105 2023-01-01 2023-12-31 09106105 2024-12-31 09106105 2023-12-31 09106105 c:Director3 2024-01-01 2024-12-31 09106105 d:Buildings 2024-01-01 2024-12-31 09106105 d:Buildings 2024-12-31 09106105 d:Buildings 2023-12-31 09106105 d:Buildings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09106105 d:PlantMachinery 2024-01-01 2024-12-31 09106105 d:PlantMachinery 2024-12-31 09106105 d:PlantMachinery 2023-12-31 09106105 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09106105 d:FurnitureFittings 2024-01-01 2024-12-31 09106105 d:FurnitureFittings 2024-12-31 09106105 d:FurnitureFittings 2023-12-31 09106105 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09106105 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09106105 d:Goodwill 2024-01-01 2024-12-31 09106105 d:Goodwill 2024-12-31 09106105 d:Goodwill 2023-12-31 09106105 d:CurrentFinancialInstruments 2024-12-31 09106105 d:CurrentFinancialInstruments 2023-12-31 09106105 d:Non-currentFinancialInstruments 2024-12-31 09106105 d:Non-currentFinancialInstruments 2023-12-31 09106105 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09106105 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09106105 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 09106105 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09106105 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 09106105 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 09106105 d:ShareCapital 2024-12-31 09106105 d:ShareCapital 2023-12-31 09106105 d:RetainedEarningsAccumulatedLosses 2024-12-31 09106105 d:RetainedEarningsAccumulatedLosses 2023-12-31 09106105 c:FRS102 2024-01-01 2024-12-31 09106105 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09106105 c:FullAccounts 2024-01-01 2024-12-31 09106105 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09106105 2 2024-01-01 2024-12-31 09106105 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 09106105









UNREAL ESTATE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
UNREAL ESTATE LIMITED
REGISTERED NUMBER: 09106105

BALANCE SHEET
AS AT 31 DECEMBER 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,604,837
1,597,998

  
1,604,837
1,597,998

Current assets
  

Stocks
 6 
8,000
8,000

Debtors: amounts falling due within one year
 7 
26,352
16,506

Cash at bank and in hand
 8 
1,774
3,317

  
36,126
27,823

Creditors: amounts falling due within one year
 9 
(84,582)
(71,878)

Net current liabilities
  
 
 
(48,456)
 
 
(44,055)

Total assets less current liabilities
  
1,556,381
1,553,943

Creditors: amounts falling due after more than one year
 10 
(1,256,192)
(1,268,938)

  

Net assets
  
300,189
285,005


Capital and reserves
  

Called up share capital 
  
528,349
528,349

Profit and loss account
  
(228,160)
(243,344)

  
300,189
285,005


Page 1

 
UNREAL ESTATE LIMITED
REGISTERED NUMBER: 09106105
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 statement of comprehensive income 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 on 8 May 2025.




Maria Stummer
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
UNREAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Unreal Estate Limited is a private company, limited by shares, domiciled in England and Wales, registration number 09106105. The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

 
UNREAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Straight Line Method
Fixtures and fittings
-
25%
Reducing Balance Method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
UNREAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.12

Borrowing costs

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


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023 - 14).

Page 5

 
UNREAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2024
150,000



At 31 December 2024

150,000



Amortisation


At 1 January 2024
150,000



At 31 December 2024

150,000



Net book value



At 31 December 2024
-



At 31 December 2023
-



Page 6

 
UNREAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Freehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 January 2024
1,585,369
17,513
69,706
1,672,588


Additions
3,311
-
10,571
13,882



At 31 December 2024

1,588,680
17,513
80,277
1,686,470



Depreciation


At 1 January 2024
-
15,855
58,736
74,591


Charge for the year on owned assets
-
1,658
5,385
7,043



At 31 December 2024

-
17,513
64,121
81,634



Net book value



At 31 December 2024
1,588,680
-
16,156
1,604,836



At 31 December 2023
1,585,369
1,658
10,970
1,597,997

Page 7

 
UNREAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Stocks

2024
2023
£
£

Finished goods and goods for resale
8,000
8,000

8,000
8,000



7.


Debtors

2024
2023
£
£


Trade debtors
23,665
16,292

Other debtors
2,589
(2)

Prepayments and accrued income
98
216

26,352
16,506



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,774
3,317

Less: bank overdrafts
(9,334)
-

(7,560)
3,317



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
9,334
-

Bank loans
50,491
50,491

Trade creditors
9,973
7,481

Other taxation and social security
129
417

Other creditors
10,905
9,989

Accruals and deferred income
3,750
3,500

84,582
71,878


Page 8

 
UNREAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Creditors: Amounts falling due after more than one year

As restated
2024
2023
£
£

Bank loans
151,961
173,392

Other loans
1,104,231
1,095,546

1,256,192
1,268,938


Secured Loans
Included within creditors falling due after more than one year is a bank loan of £151,961 (2023- £173,392) which is secured over the assets of the company. 


11.


Loans


Analysis of the maturity of loans is given below:


As restated
2024
2023
£
£

Amounts falling due within one year

Bank loans
50,491
50,491


50,491
50,491

Amounts falling due 1-2 years

Bank loans
151,961
173,392

Other loans
1,104,231
1,095,546


1,256,192
1,268,938



1,306,683
1,319,429


Page 9

 
UNREAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

12.


Prior year adjustment

During the preparation of the financial statements for the current year, it was identified that the figures in
the prior period financial statements did not include a share issue, which is not in accordance with the company’s accounting policies.
The impact of this adjustment on the prior period financial statements is as follows:
Balance Sheet
Called up share capital as at 31 December 2023 has been restated to £528,349 (previosuly reported as £485,104).
Creditors falling due after more than one year as at 31 December 2023 has been restated to £1,268,938 (previosuly reported as £1,312,183).
As a result of the restatement net assets have increased, previously reported as £241,760, now restated
as £285,005.
The directors confirm that this adjustment provides more appropriate and accurate presentation of the
companys financial postion in accordance with FRS 101 Section 1A.


13.


Related party transactions

Included in other creditors is £1,104,231 (2023: £1,095,546) due to the directors.

 
Page 10