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Registered number: 11618128
Unique Property Projects Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Optimise Accountants Ltd
Office 15 Bramley House, 2a Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11618128
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 439 -
Investment Properties 5 702,351 700,000
702,790 700,000
CURRENT ASSETS
Debtors 6 284 632
Cash at bank and in hand 5,003 5,910
5,287 6,542
Creditors: Amounts Falling Due Within One Year 7 (159,098 ) (154,105 )
NET CURRENT ASSETS (LIABILITIES) (153,811 ) (147,563 )
TOTAL ASSETS LESS CURRENT LIABILITIES 548,979 552,437
Creditors: Amounts Falling Due After More Than One Year 8 (514,883 ) (506,895 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,500 ) (9,500 )
NET ASSETS 24,596 36,042
CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 40,500 40,500
Profit and Loss Account (16,004 ) (4,558 )
SHAREHOLDERS' FUNDS 24,596 36,042
Page 1
Page 2
For the year ending 31 January 2025 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.
On behalf of the board
Mr Stuart Scott
Director
28/05/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Unique Property Projects Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11618128 . The registered office is 149 Goldstone Crescent, Hove, East Sussex, BN3 6BB.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. 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:
Freehold No depreciation
Fixtures & Fittings 20% Reducing balance
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 2 2
2 2
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 February 2024 -
Additions 549
As at 31 January 2025 549
Depreciation
As at 1 February 2024 -
Provided during the period 110
As at 31 January 2025 110
Net Book Value
As at 31 January 2025 439
As at 1 February 2024 -
5. Investment Property
2025
£
Fair Value
As at 1 February 2024 700,000
Additions 2,351
As at 31 January 2025 702,351
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 284 632
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1 -
Directors' loan accounts 4,807 4,495
Amounts owed to parent undertaking 154,290 149,610
159,098 154,105
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 514,883 506,895
Page 4
Page 5
9. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 504,709 494,813
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Reserves
Fair Value Reserve
£
As at 1 February 2024 40,500
As at 31 January 2025 40,500
12. Related Party Transactions
At the year end the company owed £154,290 (2024: £149,610) to Unique Spaces Ltd, Unique Property Projects Limited's parent company. This amount is loaned interest free and is repayable on demand. The amount is included within Other creditors falling due within one year. 
13. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Unique Spaces Ltd . Unique Spaces Ltd was incorporated in England and Wales. 
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