ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

UNIPLOY DEVELOPMENTS LIMITED - Company Information

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Caseware UK (AP4) 2021.0.152 2021.0.152 2022-09-302022-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.4false4false2021-10-01No description of principal activitytrue 00730494 2021-10-01 2022-09-30 00730494 2022-09-30 00730494 2020-10-01 2021-09-30 00730494 2021-09-30 00730494 c:Director2 2021-10-01 2022-09-30 00730494 d:FurnitureFittings 2021-10-01 2022-09-30 00730494 d:OfficeEquipment 2021-10-01 2022-09-30 00730494 d:OtherPropertyPlantEquipment 2022-09-30 00730494 d:OtherPropertyPlantEquipment 2021-09-30 00730494 d:FreeholdInvestmentProperty 2022-09-30 00730494 d:FreeholdInvestmentProperty 2021-09-30 00730494 d:CurrentFinancialInstruments 2022-09-30 00730494 d:CurrentFinancialInstruments 2021-09-30 00730494 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 00730494 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 00730494 d:ShareCapital 2022-09-30 00730494 d:ShareCapital 2021-09-30 00730494 d:RetainedEarningsAccumulatedLosses 2022-09-30 00730494 d:RetainedEarningsAccumulatedLosses 2021-09-30 00730494 c:FRS102 2021-10-01 2022-09-30 00730494 c:AuditExempt-NoAccountantsReport 2021-10-01 2022-09-30 00730494 c:FullAccounts 2021-10-01 2022-09-30 00730494 c:PrivateLimitedCompanyLtd 2021-10-01 2022-09-30 00730494 2 2021-10-01 2022-09-30 iso4217:GBP xbrli:pure
Company registration number: 00730494







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2022


UNIPLOY DEVELOPMENTS LIMITED






































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UNIPLOY DEVELOPMENTS LIMITED
REGISTERED NUMBER:00730494



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Investment property
 5 
2,800,000
2,800,000

  
2,800,000
2,800,000

Current assets
  

Cash at bank and in hand
  
88,312
122,621

  
88,312
122,621

Creditors: amounts falling due within one year
 6 
(497,432)
(538,407)

Net current liabilities
  
 
 
(409,120)
 
 
(415,786)

Total assets less current liabilities
  
2,390,880
2,384,214

  

Net assets
  
2,390,880
2,384,214


Capital and reserves
  

Called up share capital 
  
5,000
5,000

Profit and loss account
  
2,385,880
2,379,214

  
2,390,880
2,384,214


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 February 2023.




Mr R S Stedman
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1
 


UNIPLOY DEVELOPMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

1.


General information

These financial statements have been prepared in compliance with FRS102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
Uniploy Developments Limited is a private company limited by shares, registered in England and Wales. The company Registration number is 00730494. The address of its registered office is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

  
2.3

Rental income

Rental income is accounted for on an accruals basis.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15% on cost
Equipment
-
25% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 2
 


UNIPLOY DEVELOPMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

2.Accounting policies (continued)

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2021 - 4).


4.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 October 2021
6,274



At 30 September 2022

6,274



Depreciation


At 1 October 2021
6,274



At 30 September 2022

6,274



Net book value



At 30 September 2022
-



At 30 September 2021
-

Page 3
 


UNIPLOY DEVELOPMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

5.


Investment property


Freehold investment property

£



Valuation


At 1 October 2021
2,800,000



At 30 September 2022
2,800,000

The 2021 valuations were made by Johnson & Jones, on an open market value for existing use basis.





6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Corporation tax
9,169
493,638

Other taxation and social security
-
5,018

Other creditors
485,623
36,851

Accruals and deferred income
2,640
2,900

497,432
538,407



7.


Related party transactions

At the balance sheet date the company owed the directors £485,623 (2021 - £36,851). No interest is being charged on these balances.

 
Page 4