General Information
Uniliv Accommodation Ltd is a private company, limited by shares, registered in England and Wales, registration number 14891348, registration address 25 Ground Floor Front, Duckworth Lane, Bradford, England, BD9 5ES.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The financial statements have been prepared on a going concern basis. The company incurred a loss of £58,581 during the year (2024: £49,200), resulting in an accumulated deficit of £107,781 as at 31 August 2025. Cash balances reduced from £132,008 to £19,989 during the year. The directors acknowledge these conditions represent a material uncertainty that may cast doubt on the company's ability to continue as a going concern.
Notwithstanding the above, the directors are satisfied that the going concern basis remains appropriate for the following reasons:
The shareholders have provided continued financial support, evidenced by a share capital increase of £130,000 during the year to £398,100, and have confirmed this support will continue for a period of not less than 12 months from the date of approval of these financial statements.
Revenue of £39,641 was generated for the first time during the year, demonstrating the commencement of active trading in student accommodation services.
Inter-company receivables of £255,129 are considered fully recoverable and provide additional liquidity support if required.
The directors are confident that ongoing shareholder support, combined with growing accommodation revenues, will enable the company to continue as a going concern. The financial statements do not include any adjustments that would result from the going concern basis being inappropriate.
Turnover
Turnover comprises income from student and residential accommodation lettings and related services. Letting income is recognised on a straight-line basis over the term of the tenancy agreement. Where income is received in advance of the period to which it relates, it is deferred and recognised in the appropriate period. Commission and agency income is recognised when the related service obligation has been fulfilled and entitlement to receipt is established. The company recognises revenue on a net basis where it acts as agent and on a gross basis where it acts as principal."
|
| 2. |
Average number of employees
Average number of employees during the year was 0 (2024 : 0).
|
| 3. |
Investments
| Cost |
Investments in group undertakings |
|
Total |
| |
£ |
|
£ |
| At 01 September 2024 |
50,150 |
|
50,150 |
| Additions |
- |
|
- |
| Disposals |
(100) |
|
(100) |
| At 31 August 2025 |
50,050 |
|
50,050 |
Reclassification of Investment in Joint Venture
During the year, the Company has reclassified an amount of 100 (previously reported as £100) that was earlier disclosed under Investment in Joint Ventures in the previous financial year. Upon review, management determined that the said amount represents receivables in nature and not an investment.
Accordingly, the same has been reclassified under Current Debtors in the current Year financial statements to reflect the true nature of the transaction. This reclassification has no impact on the total assets, liabilities, or profit of the Company for the current or previous reporting periods.
The previous year figures have been regrouped/reclassified wherever necessary to conform to the current years presentation.
|
| 4. |
Related parties
During the year the company entered into the following transactions with related parties: | Transaction value - income/(expenses) | | Balance owed by/(owed to) |
|---|
| 2025
£ | | 2024
£ | | 2025
£ | | 2024
£ |
|---|
| Uninist Limited | 3,597 | | 927 | | 104,524 | | 50,927 |
During the year, Uniliv Accommodation Limited advanced a further loan of £50,000 to Uninist Limited (year ended 31 August 2024: initial loan of £50,000 advanced on 26 March 2024). The loan carries interest at 4.25% per annum. Interest is accrued monthly and added to the loan balance outstanding. No interest has been received in either year. |
2
|