Unilet Limited - Accounts to registrar (filleted) - small 17.3
Unilet Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2018 |
| FOR |
| UNILET LIMITED |
| UNILET LIMITED (REGISTERED NUMBER: 03126056) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5 APRIL 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| UNILET LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 5 APRIL 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| UNILET LIMITED (REGISTERED NUMBER: 03126056) |
| BALANCE SHEET |
| 5 APRIL 2018 |
| 2018 | 2017 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The directors acknowledge their 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| UNILET LIMITED (REGISTERED NUMBER: 03126056) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5 APRIL 2018 |
| 1. | STATUTORY INFORMATION |
| Unilet Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| The company has net current liabilities and overall net liabilities of £48,667 (2017 - £47,361). The company are |
| supported financially by Estates U.K. Limited, a company in which the director, Mr A Miller, holds a controlling |
| interest. Estates U.K. Limited have agreed not to pursue collection of their loan of £268,347 (2017 - £261,930) |
| until Unilet Limited have sufficient funds available to repay the loan balance in full. |
| On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. |
| SIGNIFICANT JUDGEMENTS AND ESTIMATES |
| No significant judgements have had to be made by the directors in preparing these financial statements. |
| The directors have made key assumptions in the determination of fair value of stock of land and work in progress |
| held for resale in respect of the location where the land is situated and in respect of the range of reasonable fair |
| value estimates of the assets held. |
| STOCKS |
| Stock of land and work in progress is valued at the lower of cost and net realisable value. |
| Cost includes all direct expenditure attributable to bringing the asset to its present condition and location. |
| At each balance sheet date, stock of land and work in progress is assessed for impairment. If stock is impaired, |
| the carrying amount is reduced to its selling price less any costs to complete and sell. Any impairment loss is |
| recognised immediately in profit or loss. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Other creditors |
| Included in other creditors is an amount payable to Estates UK Limited of £268,347 (2017 - £261,930). |
| See note 7. |
| UNILET LIMITED (REGISTERED NUMBER: 03126056) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 5 APRIL 2018 |
| 7. | RELATED PARTY TRANSACTIONS |
| During the year, the company had the following transactions with Estates U.K. Limited, a company in which Mr |
| A Miller, director, holds a controlling interest: |
| Payments made by Estates U.K. Limited on behalf of Unilet - £1,426 (2017 - £117,429); |
| Payments made by Unilet on behalf of Estates U.K. Limited - £5,009 (2017 - £5,776); |
| Loan from Estates U.K. Limited - £10,000 (2017 - £10,000); |
| At the balance sheet date, an amount of £268,347 (2017 - £261,930) was due to Estates U.K. Limited and this |
| amount is shown in other creditors. |
| 8. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by Mrs C Miller. |