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Registration number: 04226975

Unity Street Chambers Management Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 July 2025

Unity Street Chambers Management Limited

Contents

Balance Sheet | 1 to 2
Statement of Changes in Equity | 3
Notes to the Financial Statements | 4 to 9

Unity Street Chambers Management Limited

(Registration number: 04226975)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 199,246 | 206,604
Current assets |  |  |
Debtors | 5 | 21,332 | 8,170
Cash at bank and in hand |  | 52,556 | 2,227
|  | 73,888 | 10,397
Creditors: Amounts falling due within one year | 6 | (78,415) | (61,161)
Net current liabilities |  | (4,527) | (50,764)
Total assets less current liabilities |  | 194,719 | 155,840
Creditors: Amounts falling due after more than one year | 6 | (34,980) | (34,980)
Provisions for liabilities |  | (4,067) | (4,668)
Net assets |  | 155,672 | 116,192
Capital and reserves |  |  |
Called up share capital |  | 32 | 32
Share premium reserve |  | 14,997 | 14,997
Capital redemption reserve |  | 10 | 10
Retained earnings |  | 140,633 | 101,153
Shareholders' funds |  | 155,672 | 116,192

For the financial year ending 31 July 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.

Unity Street Chambers Management Limited

(Registration number: 04226975)
Balance Sheet as at 31 July 2025

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 21 April 2026 and signed on its behalf by:

Mr Toby Huggins Company secretary and director |  |

Unity Street Chambers Management Limited

Statement of Changes in Equity for the Year Ended 31 July 2025

| Share capital £ | Share premium £ | Capital redemption reserve £ | Retained earnings £ | Total £
At 1 August 2023 | 42 | 14,997 | - | 188,982 | 204,021
Loss for the year | - | - | - | (19,827) | (19,827)
Purchase of own share capital | (10) | - | 10 | (68,002) | (68,002)
At 31 July 2024 | 32 | 14,997 | 10 | 101,153 | 116,192

| Share capital £ | Share premium £ | Capital redemption reserve £ | Retained earnings £ | Total £
At 1 August 2024 | 32 | 14,997 | 10 | 101,153 | 116,192
Profit for the year | - | - | - | 39,480 | 39,480
At 31 July 2025 | 32 | 14,997 | 10 | 140,633 | 155,672

Unity Street Chambers Management Limited

Notes to the Financial Statements for the Year Ended 31 July 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:
5 Unity Street
College Green
Bristol
BS1 5HH

These financial statements were authorised for issue by the Board on 21 April 2026.

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

The financial statements have been prepared under the historical cost convention and in accordance with FRS 102 (Section 1A) 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Going concern

The accounts are being prepared on a going concern basis.

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue from the provision of services in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
a) the amount of revenue can be reliably measured;
b) it is probable that future economic benefit will flow to the company;
c) the stage of completion of the contract at the end of the reporting period can be reliably measured; and
d) the costs incurred and the costs to complete the contract can be reliably measured.

Unity Street Chambers Management Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

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.
Deferred and current taxation assets or liabilities are not discounted.

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
Land and buildings | 2% straight line
Furniture, fittings and equipment | 20% - 33% straight line

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 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.

Unity Street Chambers Management Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

Creditors

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

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.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Finance income and costs
Interest income and expenses are recognised using the effective interest rate method.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 6 (2024 - 6).

Unity Street Chambers Management Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

4 | Tangible assets

| Freehold land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 August 2024 | 352,937 | 35,341 | 388,278
Additions | - | 2,624 | 2,624
At 31 July 2025 | 352,937 | 37,965 | 390,902
Depreciation
At 1 August 2024 | 151,743 | 29,931 | 181,674
Charge for the year | 7,059 | 2,923 | 9,982
At 31 July 2025 | 158,802 | 32,854 | 191,656
Carrying amount
At 31 July 2025 | 194,135 | 5,111 | 199,246
At 31 July 2024 | 201,194 | 5,410 | 206,604

5 | Debtors

| 2025 £ | 2024 £
Trade debtors | 8,341 | 270
Other debtors | 11,044 | 2,919
Prepayments | 1,947 | 2,433
Income tax asset | - | 2,548
| 21,332 | 8,170

Unity Street Chambers Management Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

6 | Creditors

Due within one year | Note | 2025 £ | 2024 £
Trade creditors |  | 6,805 | 9,175
Amounts due to related parties | 10 | 10,494 | 10,494
Social security and other taxes |  | 16,368 | 15,763
Other creditors |  | 756 | 1,594
Accruals |  | 4,234 | 4,098
Corporation tax liability |  | 18,280 | -
Deferred income |  | 21,478 | 20,037
|  | 78,415 | 61,161
Due after one year |  |  |
Loans and borrowings | 7 | 34,980 | 34,980

7 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 34,980 | 34,980

8 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 2,245 | 2,031

9 | Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are outstanding pension liabilities of £552 (2024 - £504).

Unity Street Chambers Management Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

10 | Related party transactions

Income and receivables from related parties

2025 | Key management £
Rent recharged | 56,284

2024 | Key management £
Rent recharged | 63,169