UNICORN TOWER LIMITED

UNICORN TOWER LIMITED

UNICORN TOWER LIMITED - Company Information

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UNICORN TOWER LIMITED

Company Registration Number:
SC261153 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2021

Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

UNICORN TOWER LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2021

Balance sheet
Notes

UNICORN TOWER LIMITED

Balance sheet

As at 31 March 2021


Notes
2021
2020


£
£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 4,325,000 4,750,000
Total fixed assets: 4,325,000 4,750,000
Current assets
Debtors: 4 825,000
Total current assets: 825,000
Creditors: amounts falling due within one year: 5 (150,000)
Net current assets (liabilities): 675,000
Total assets less current liabilities: 5,000,000 4,750,000
Creditors: amounts falling due after more than one year:   (4,995,000) (4,745,000)
Total net assets (liabilities): 5,000 5,000
Capital and reserves
Called up share capital: 5,000 5,000
Shareholders funds: 5,000 5,000

The notes form part of these financial statements

UNICORN TOWER LIMITED

Balance sheet statements

For the year ending 31 March 2021 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 09 December 2021
and signed on behalf of the board by:

Name: Lord Jafari
Status: Director

The notes form part of these financial statements

UNICORN TOWER LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

UNICORN TOWER LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

2. Employees

2021 2020
Average number of employees during the period 0 0

UNICORN TOWER LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Tangible Assets

Total
Cost £
At 01 April 2020 4,750,000
Revaluations (425,000)
At 31 March 2021 4,325,000
Net book value
At 31 March 2021 4,325,000
At 31 March 2020 4,750,000

UNICORN TOWER LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Debtors

2021
£
Debtors due after more than one year: 825,000

UNICORN TOWER LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

5. Creditors: amounts falling due within one year note

1) £1,700,000 provided for to settle court action and securities held by HSBC plc2) £3,250,000 due to Lion Limited in respect of acquisition of 228-234 Clyde Street Glasgow Land and loans advanced.3) £45,000 due to Mairveritas Ltd for accrued fees and expenses due as project managers and company secretary