Company registration number 11649623 (England and Wales)
UNICORN DEVELOPMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
UNICORN DEVELOPMENTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
UNICORN DEVELOPMENTS LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2025
31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
1
1
Current assets
Stocks
2,156,814
1,684,473
Debtors
5
114,369
111,876
Cash at bank and in hand
2,706
29,695
2,273,889
1,826,044
Creditors: amounts falling due within one year
6
(2,451,723)
(1,944,465)
Net current liabilities
(177,834)
(118,421)
Net liabilities
(177,833)
(118,420)
Capital and reserves
Called up share capital
7
12
12
Profit and loss reserves
(177,845)
(118,432)
Total equity
(177,833)
(118,420)

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 15 July 2026 and are signed on its behalf by:
M Robinson
Director
Company registration number 11649623 (England and Wales)
UNICORN DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 2 -
1
Accounting policies
Company information

Unicorn Developments Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Preston Road, Whittle Le Woods, Preston, PR6 7PE.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Borrowing costs related to fixed assets

Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale.

UNICORN DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 3 -

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets 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 in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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.

UNICORN DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow 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 the future paymen ts 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 rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

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

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
-
3
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
1
1
UNICORN DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 5 -
4
Subsidiaries

Details of the company's subsidiaries at 31 October 2025 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Unicorn Suites Asset Ltd
1 Preston Road, Whittle-Le-Woods, Chorley, United Kingdom, PR6 7PE
Dormant
Ordinary
100.00
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
114,369
111,876
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
131,661
68,137
Other creditors
2,316,562
1,831,357
Accruals and deferred income
3,500
44,971
2,451,723
1,944,465
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
10
10
10
10
2025
2024
2025
2024
Preference share capital
Number
Number
£
£
Issued and fully paid
"A" Redeemable Preference Shares of £1 each
1
1
1
1
"B" Redeemable Preference Shares of £1 each
1
1
1
1
2
2
2
2
Preference shares classified as equity
2
2
Total equity share capital
12
12
UNICORN DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
7
Called up share capital
(Continued)
- 6 -

On 20 August 2021 the company issued 1 "A" Redeemable Preference share and 1 "B" Redeemable Preference Share for £1 each.

Both the "A" and "B" Redeemable Preference Shares are entitled to one vote per share and have no rights to profits, capital, dividend or income. Each share is entitled pari passu to participate in a distribution arising from a winding up of the company.

8
Related party transactions

Included in creditors at the balance sheet date there was an amount of £86,917 (2024: £86,917) due to Fraser Morgan Limited, £1,103,882 (2024: £727,218) due to HVM North Ltd and £108,542 (2024: £Nil) due to Nurtur Student Living Limited. Included in debtors at the balance sheet date there was an amount of £10,243 (2024: £6,839) due from City Studios Ltd. These companies are related due to common shareholdings and directorships.

9
Parent company

The company is controlled by HVM North Limited and its registered office is 1 Preston Road, Whittle Le Woods, Chorley, Lancashire, England, PR6 7PE.

2025-10-31 2024-11-01 false false false 15 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity M M A Munshi F H Patel M Munshi E K Bassa M Robinson 11649623 2024-11-01 2025-10-31 11649623 2025-10-31 11649623 2024-10-31 11649623 core:WithinOneYear 2025-10-31 11649623 core:WithinOneYear 2024-10-31 11649623 core:CurrentFinancialInstruments core:WithinOneYear 2025-10-31 11649623 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 11649623 core:ShareCapital 2025-10-31 11649623 core:ShareCapital 2024-10-31 11649623 core:RetainedEarningsAccumulatedLosses 2025-10-31 11649623 core:RetainedEarningsAccumulatedLosses 2024-10-31 11649623 core:ShareCapitalOrdinaryShareClass1 2025-10-31 11649623 core:ShareCapitalOrdinaryShareClass1 2024-10-31 11649623 core:ShareCapitalPreferenceShareClass1 2025-10-31 11649623 core:ShareCapitalPreferenceShareClass1 2024-10-31 11649623 core:ShareCapitalPreferenceShareClass2 2024-10-31 11649623 core:ShareCapitalPreferenceShares 2025-10-31 11649623 core:ShareCapitalPreferenceShares 2024-10-31 11649623 bus:Director5 2024-11-01 2025-10-31 11649623 core:Subsidiary1 2024-11-01 2025-10-31 11649623 core:Subsidiary1 1 2024-11-01 2025-10-31 11649623 core:CurrentFinancialInstruments 2025-10-31 11649623 core:CurrentFinancialInstruments 2024-10-31 11649623 bus:OrdinaryShareClass1 2024-11-01 2025-10-31 11649623 bus:PreferenceShareClass1 2024-11-01 2025-10-31 11649623 bus:PreferenceShareClass2 2024-11-01 2025-10-31 11649623 bus:OrdinaryShareClass1 2025-10-31 11649623 bus:OrdinaryShareClass1 2024-10-31 11649623 bus:PreferenceShareClass1 2025-10-31 11649623 bus:PreferenceShareClass1 2024-10-31 11649623 bus:PreferenceShareClass2 2025-10-31 11649623 bus:PreferenceShareClass2 2024-10-31 11649623 bus:AllPreferenceShares 2025-10-31 11649623 bus:AllPreferenceShares 2024-10-31 11649623 bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 11649623 bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 11649623 bus:FRS102 2024-11-01 2025-10-31 11649623 bus:AuditExemptWithAccountantsReport 2024-11-01 2025-10-31 11649623 bus:Director1 2024-11-01 2025-10-31 11649623 bus:Director2 2024-11-01 2025-10-31 11649623 bus:Director3 2024-11-01 2025-10-31 11649623 bus:Director4 2024-11-01 2025-10-31 11649623 bus:FullAccounts 2024-11-01 2025-10-31 xbrli:pure xbrli:shares iso4217:GBP