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Registration number: 00499332

Unwin Estates Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Unwin Estates Ltd
(Registration number: 00499332)

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 10

 

Unwin Estates Ltd
(Registration number: 00499332)

Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed Assets

 

Tangible Assets

4

5,015,896

4,879,705

Other financial assets

117

117

 

5,016,013

4,879,822

Current assets

 

Stocks

5

361,591

489,570

Debtors

6

917,497

882,079

Cash at bank and in hand

 

64,565

56,494

 

1,343,653

1,428,143

Creditors: Amounts falling due within one year

7

(831,850)

(774,733)

Net current assets

 

511,803

653,410

Total assets less current liabilities

 

5,527,816

5,533,232

Creditors: Amounts falling due after more than one year

7

(1,705,386)

(1,733,385)

Provisions for liabilities

(406,268)

(400,485)

Net assets

 

3,416,162

3,399,362

Capital and Reserves

 

Called up share capital

8

2,825

2,825

Capital redemption reserve

125

125

Revaluation reserve

2,135,023

2,109,959

Retained Earnings

1,278,189

1,286,453

Shareholders' funds

 

3,416,162

3,399,362

 

Unwin Estates Ltd
(Registration number: 00499332)

Balance Sheet as at 31 March 2025 (continued)

For the financial year 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 year 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 29 August 2025 and signed on its behalf by:
 

.........................................
Mr G S Unwin
Director

.........................................
Mr M P Unwin
Director

 

Unwin Estates Ltd
(Registration number: 00499332)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

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

The address of its registered office is:
Baythorne Hall
Baythorne End
Halstead
Essex
CO9 4AH

The principal place of business is:
Baythorne Hall
Baythorne End
Halstead
Essex
CO9 4AH

These financial statements were authorised for issue by the Board on 29 August 2025.

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Unwin Estates Ltd
(Registration number: 00499332)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

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

Plant and machinery

20% reducing balance

Motor vehicles

25% reducing balance

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.

 

Unwin Estates Ltd
(Registration number: 00499332)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2

Accounting policies (continued)

Trade Debtors

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

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Unwin Estates Ltd
(Registration number: 00499332)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2

Accounting policies (continued)

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 8).

 

Unwin Estates Ltd
(Registration number: 00499332)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4

Tangible Assets

Land and buildings
£

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2024

4,827,076

65,135

961,353

5,853,564

Revaluations

33,420

-

-

33,420

Additions

141,580

-

22,708

164,288

At 31 March 2025

5,002,076

65,135

984,061

6,051,272

Depreciation

At 1 April 2024

227,146

44,728

701,985

973,859

Charge for the year

-

5,102

56,415

61,517

At 31 March 2025

227,146

49,830

758,400

1,035,376

Carrying amount

At 31 March 2025

4,774,930

15,305

225,661

5,015,896

At 31 March 2024

4,599,930

20,407

259,368

4,879,705

Included within the net book value of land and buildings above is £4,774,930 (2024 - £4,599,930) in respect of freehold land and buildings.
 

5

Stocks

2025
£

2024
£

Work in progress

196,076

223,022

Finished goods and goods for resale

165,515

266,548

361,591

489,570

 

Unwin Estates Ltd
(Registration number: 00499332)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

6

Debtors

Current

Note

2025
£

2024
£

Trade Debtors

 

15,555

38,782

Amounts owed by related parties

10

787,857

739,442

Prepayments

 

71,679

92,750

Other debtors

 

42,406

11,105

   

917,497

882,079

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

99,200

99,200

Trade Creditors

 

180,883

104,012

Taxation and social security

 

1,232

2,023

Accruals and deferred income

 

81,742

175,040

Other creditors

 

468,793

394,458

 

831,850

774,733

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

9

1,705,386

1,733,385

 

Unwin Estates Ltd
(Registration number: 00499332)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

8

Share capital

Allotted, called up and fully paid shares

 

2025

2024

 

No.

£

No.

£

£1 Ordinary of £1 each

2,825

2,825

2,825

2,825

         

9

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

1,705,386

1,723,485

Non-equity preference shares

-

9,900

1,705,386

1,733,385

Current loans and borrowings

2025
£

2024
£

Bank borrowings

99,200

99,200

10

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2025
£

2024
£

Remuneration

42,000

42,000

Contributions paid to money purchase schemes

4,800

4,800

46,800

46,800

 

Unwin Estates Ltd
(Registration number: 00499332)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

10

Related party transactions (continued)

Loans to related parties

2025

Associates
£

Joint ventures
£

Total
£

At start of period

729,442

10,000

739,442

Advanced

45,000

5,000

50,000

Repaid

(1,585)

-

(1,585)

At end of period

772,857

15,000

787,857

2024

Associates
£

Joint ventures
£

Total
£

At start of period

807,883

20,000

827,883

Repaid

(78,441)

(10,000)

(88,441)

At end of period

729,442

10,000

739,442

Terms of loans to related parties

£635,740 loan to Unwin Ventures Ltd, a company with director and shareholder in common, repayable on demand.
£137,117 loan to Baythorne Hall Ltd, a company with director and shareholder in common, repayable on demand.

 £15,000 loan to Hinckford Farming Ltd, a 33.33% owned company with director in common, repayable on demand.