Unity Asphalt Company (London) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 00427407

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		601		715
Investment Properties	5		682,500		682,500

			683,101		683,215
CURRENT ASSETS
Debtors	6	4,474		5,118
Cash at bank and in hand		73,915		89,793

		78,389		94,911
Creditors: Amounts Falling Due Within One Year	7	(7,761 )		(17,539 )

NET CURRENT ASSETS (LIABILITIES)			70,628		77,372

TOTAL ASSETS LESS CURRENT LIABILITIES			753,729		760,587

PROVISIONS FOR LIABILITIES
Deferred Taxation			(96,917 )		(96,917 )

NET ASSETS			656,812		663,670

CAPITAL AND RESERVES
Called up share capital	8		827		827
Profit and Loss Account			655,985		662,843

SHAREHOLDERS' FUNDS			656,812		663,670

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Unity Asphalt Company (London) Limited

Balance Sheet (continued)

As At 29 December 2024

For the year ending 29 December 2024 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

K E Vernon

Director

25 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Unity Asphalt Company (London) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00427407 . The registered office is Avaland House, 110 London Road, Hemel Hempstead, Hertfordshire, HP3 9SD.

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. 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.

2.3. 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:

Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Unity Asphalt Company (London) Limited

Notes to the Financial Statements (continued)

For The Year Ended 29 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 30 December 2023	874	11,640	12,514
Additions	114	-	114
Disposals	(395 )	-	(395 )

As at 29 December 2024	593	11,640	12,233

Depreciation
As at 30 December 2023	801	10,998	11,799
Provided during the period	37	160	197
Disposals	(364 )	-	(364 )

As at 29 December 2024	474	11,158	11,632

Net Book Value
As at 29 December 2024	119	482	601

As at 30 December 2023	73	642	715

5. Investment Property

	2024
	£
Fair Value
As at 30 December 2023 and 29 December 2024	682,500

A formal valuation of £682,500 was obtained from SPC Property Consultants Limited as at 28 February 2024. The directors are of the opinion that this continues to represent the fair value of the property at 29 December 2024.

6. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	4,474	5,118

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Unity Asphalt Company (London) Limited

Notes to the Financial Statements (continued)

For The Year Ended 29 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	18	80
Other creditors	875	875
Amount due to related party	-	7,736
Accruals and deferred income	1,410	3,630
Directors' loan accounts	5,458	5,218

	7,761	17,539

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	827	827

9. Reserves

		Retained
		Earnings
		£
At 30 December 2023		662,843
Deficit for the year		(14,946)
Dividends		( - )
At 29 December 2024		647,897

Retained Earnings

Included in retained earnings are profits of £536,333 (2023: £536,333), which are not available for distribution as they are unrealised. Unrealised profits have arisen due to the revaluation of the investment properties to comply with FRS 102 1A.

10. Related Party Transactions

Unity Asphalt Company (Contracts) Limited: a company of which K E J Vernon and his wife, C W Vernon, are the directors and the registered shareholders of 99 shares and 1 share respectively of the 100 ordinary shares issued.

Included in the “creditors: amounts falling due within one year” was a balance of £7,736 (2023: £7,736) due to Unity Asphalt Company (Contracts) Limited. However the company was dissolved on 18 June 2024 therefore the balance has been written off.

11. Ultimate Controlling Party

The company's ultimate controlling party is K E J Vernon.

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