Unison Hq Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Unison Hq Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15388798 . The registered office is Flat 23, Neptune Court, The Strand, Brighton, East Sussex, BN2 5SL.

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.

The presentation currency is GBP £.

2.2. Going Concern Disclosure

The company made a loss in its first period of trading due to a requirement to advertise extensivley in order to attract new members. The membership base has been growing steadily and the director expects that the company will begin to trade profitably in foreseeable future. Accordingly the director considers the going concern basis of accounting is appropriate and the accounts are presented on a going concern basis.

2.3. Significant judgements and estimations

No significant judgements or estimates have been made during the preparation of these accounts.

2.4. 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 provision of martial arts memberships to customers and from the sale of sports uniforms and related accessories.

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 of sale.

Rendering of services

Turnover from the rendering of services is recognised by reference to the length of the membership. Memberships paid in advance that are refundable are recognised as deferred income. Where the membership fee is not refundable, the income is recognised on the date of receipt.

2.5. 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

15%, 20%, 25% & 33% on the reducing balance basis.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

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Unison Hq Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.7. Financial Instruments

Financial instruments are recognised in the company’s statement of financial position when the company become party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets classified as receivable within one year are not amortised.

Where financial assets are classified as receivable in more than one year, they are subsequently carried at amortised cost using the effective interest rate method unless the arrangement constitutes a financing transaction, where the transaction is measured as the present value of the future receipts discounted at a market rate of interest.

Cash and cash equivalents

Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings within current liabilities.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest method.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2.8. 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.

...CONTINUED

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Unison Hq Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.8. Taxation - continued

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 February 2024	-
Additions	11,588

As at 31 January 2025	11,588

Depreciation
As at 1 February 2024	-
Provided during the period	3,562

As at 31 January 2025	3,562

Net Book Value
As at 31 January 2025	8,026

As at 1 February 2024	-

5. Investments

	Joint Ventures
	£
Cost or Valuation
As at 1 February 2024	-
Additions	1,453
Disposals	(1,453 )

As at 31 January 2025	-

...CONTINUED

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Unison Hq Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

Provision
As at 1 February 2024	-

As at 31 January 2025	-

Net Book Value
As at 31 January 2025	-

As at 1 February 2024	-

6. Stocks

	31 January 2025	31 January 2024
	£	£
Stock	2,758	-

7. Debtors

	31 January 2025	31 January 2024
	£	£
Due within one year
Other debtors	-	1

8. Creditors: Amounts Falling Due Within One Year

	31 January 2025	31 January 2024
	£	£
Trade creditors	(1 )	-
Other loans	25,000	-
Other creditors	4,125	-

	29,124	-

9. Share Capital

	31 January 2025	31 January 2024
	£	£
Called Up Share Capital not Paid	-	1
Called Up Share Capital has been paid up	1	-

Amount of Allotted, Called Up Share Capital	1	1

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		31 January 2025		31 January 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		8,026		-

			8,026		-
CURRENT ASSETS
Stocks	6	2,758		-
Debtors	7	-		1
Cash at bank and in hand		513		-

		3,271		1
Creditors: Amounts Falling Due Within One Year	8	(29,124 )		-

NET CURRENT ASSETS (LIABILITIES)			(25,853 )		1

TOTAL ASSETS LESS CURRENT LIABILITIES			(17,827 )		1

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,525 )		-

NET (LIABILITIES)/ASSETS			(19,352 )		1

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			(19,353 )		-

SHAREHOLDERS' FUNDS			(19,352)		1