Unitech Residential Services Limited 15809195 false 2024-06-28 2025-03-31 2025-03-31 The principal activity of the company is investment in residential properties Digita Accounts Production Advanced 6.30.9574.0 true 15809195 2024-06-28 2025-03-31 15809195 2025-03-31 15809195 core:CurrentFinancialInstruments 2025-03-31 15809195 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 15809195 core:Non-currentFinancialInstruments 2025-03-31 15809195 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 15809195 core:FurnitureFittings 2025-03-31 15809195 bus:SmallEntities 2024-06-28 2025-03-31 15809195 bus:AuditExemptWithAccountantsReport 2024-06-28 2025-03-31 15809195 bus:FilletedAccounts 2024-06-28 2025-03-31 15809195 bus:SmallCompaniesRegimeForAccounts 2024-06-28 2025-03-31 15809195 bus:RegisteredOffice 2024-06-28 2025-03-31 15809195 bus:Director2 2024-06-28 2025-03-31 15809195 bus:PrivateLimitedCompanyLtd 2024-06-28 2025-03-31 15809195 core:FurnitureFittings 2024-06-28 2025-03-31 15809195 countries:EnglandWales 2024-06-28 2025-03-31 iso4217:GBP xbrli:pure

Registration number: 15809195

Unitech Residential Services Limited

Unaudited Filleted Financial Statements

for the Period from 28 June 2024 to 31 March 2025

 

Unitech Residential Services Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Unitech Residential Services Limited

(Registration number: 15809195)
Balance Sheet as at 31 March 2025

Note

2025
£

Fixed assets

 

Tangible assets

4

15,661

Investment property

5

844,447

 

860,108

Current assets

 

Debtors

6

5,897

Cash at bank and in hand

 

6,359

 

12,256

Creditors: Amounts falling due within one year

7

(348,962)

Net current liabilities

 

(336,706)

Total assets less current liabilities

 

523,402

Creditors: Amounts falling due after more than one year

7

(536,535)

Net liabilities

 

(13,133)

Capital and reserves

 

Called up share capital

120

Retained earnings

(13,253)

Shareholders' deficit

 

(13,133)

 

Unitech Residential Services Limited

(Registration number: 15809195)
Balance Sheet as at 31 March 2025

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 August 2025 and signed on its behalf by:
 

.........................................
Mr A R Ralph
Director

 

Unitech Residential Services Limited

Notes to the Unaudited Financial Statements for the Period from 28 June 2024 to 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Old Dairy
Ball Hill
Newbury
Berkshire
RG20 0NY
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% Straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Unitech Residential Services Limited

Notes to the Unaudited Financial Statements for the Period from 28 June 2024 to 31 March 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

Unitech Residential Services Limited

Notes to the Unaudited Financial Statements for the Period from 28 June 2024 to 31 March 2025

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

Additions

16,780

16,780

At 31 March 2025

16,780

16,780

Depreciation

Charge for the period

1,119

1,119

At 31 March 2025

1,119

1,119

Carrying amount

At 31 March 2025

15,661

15,661

5

Investment properties

2025
£

Additions

844,447

At 31 March

844,447

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2025
£

Other debtors

5,897

 

5,897

 

Unitech Residential Services Limited

Notes to the Unaudited Financial Statements for the Period from 28 June 2024 to 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

2025
£

Due within one year

Other creditors

348,962

Creditors: amounts falling due after more than one year

Note

2025
£

Due after one year

 

Loans and borrowings

8

536,535

8

Loans and borrowings

Non-current loans and borrowings

2025
£

Bank borrowings

536,535

9

Related party transactions

Other transactions with directors

A Ralph had a loan account with the company. At the balance sheet date, the amount owed to A Ralph was £250,801.