Unique Asset Management Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07468343 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

UNIQUE ASSET MANAGEMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr P Rose

REGISTERED OFFICE:

4A Kingfisher Court

Brambleside

Bellbrook Business Park

Uckfield

East Sussex

TN22 1QQ

REGISTERED NUMBER:

07468343 (England and Wales)

ACCOUNTANTS:

Acuity Professional Ltd

Business Advisers and Accountants

Fifth Floor

11 Leadenhall Street

London

EC3V 1LP

FIXED ASSETS

Intangible assets

2

3,864

3,744

Tangible assets

3

-

100,601

Investment property

4

100,601

-

104,465

104,345

CURRENT ASSETS

Debtors

-

749

Cash at bank

732

100

732

849

CREDITORS

Amounts falling due within one year

36,906

17,432

NET CURRENT LIABILITIES

(36,174

)

(16,583

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

68,291

87,762

CREDITORS

Amounts falling due after more than one
year

5

65,000

NET ASSETS

3,291

22,762

CAPITAL AND RESERVES

Called up share capital

6

100

Profit and loss account

3,191

22,662

SHAREHOLDERS' FUNDS

3,291

22,762

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 25 March 2017 and were signed by:

Mr P Rose - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents the value of work performed during the year with respect to services.

Development costs

These development costs relate to the acquisitions of potential customer databases which are considered to

have a useful economic life of 5 years and are therefore being amortised over this period.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in market value is transferred to a revaluation reserve.

Investment properties are shown at the most recent valuation in accordance with the Financial Reporting

Standard for Smaller Entities (effective Jan 2015). Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

No depreciation is provided on investment properties. This conflicts with the requirement of the Companies

Act 2006 that all properties should be depreciated. The directors consider that these properties are not held for

consumption, but for investment potential. Thus to depreciate them would not give a true and fair view, and

that it is necessary to adopt Financial Reporting Standard for Smaller Entities (effective Jan 2015) in order to

give a true and fair view.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange

ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating

result.

2.	INTANGIBLE FIXED ASSETS

Total

£

Cost

At 1 July 2015

4,680

Additions

1,320

At 30 June 2016

6,000

Amortisation

At 1 July 2015

936

Amortisation for year

1,200

At 30 June 2016

2,136

Net book value

At 30 June 2016

3,864

At 30 June 2015

3,744

3.	TANGIBLE FIXED ASSETS

Total

£

Cost

At 1 July 2015

100,601

Reclassification/transfer

(100,601

)

At 30 June 2016

-

Net book value

At 30 June 2016

-

At 30 June 2015

100,601

4.	INVESTMENT PROPERTY

Total

£

Cost

Reclassification/transfer

100,601

At 30 June 2016

100,601

Net book value

At 30 June 2016

100,601

5.

CREDITORS

Creditors include the following debts falling due in more than five years:

2016

2015

£

Repayable otherwise than by instalments

65,000

Details of shares shown as liabilities are as follows:

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

65,000

Redeemable B

£1

65,000

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

7.	REDEEMABLE B PREFERENCE SHARES

These shares are redeemable at the option of the company.

Redemption is not mandatory.

The shares can be redeemed at either three or six years after issue.

There is no premium payable on redemption.