Unique Space Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07336941 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2021

for

Unique Space Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs. L.M. Barrett

Mr. J.M. Barrett

SECRETARY:

REGISTERED OFFICE:

20 a, The Mall

Ealing

London

W5 2PJ

REGISTERED NUMBER:

07336941 (England and Wales)

ACCOUNTANTS:

VG Woodhouse & Co

20 a, The Mall

Ealing

London

W5 2PJ

FIXED ASSETS

Tangible assets

4

6,340

6,340

CURRENT ASSETS

Stocks

81,000

-

Debtors

5

6,577

68,458

Cash at bank

-

23,111

87,577

91,569

CREDITORS

Amounts falling due within one year

6

(84,317

)

(57,555

)

NET CURRENT ASSETS

3,260

34,014

TOTAL ASSETS LESS CURRENT LIABILITIES

9,600

40,354

CREDITORS

Amounts falling due after more than one year

7

(37,005

)

(50,000

)

NET LIABILITIES

(27,405

)

(9,646

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(27,407

)

(9,648

)

SHAREHOLDERS' FUNDS

(27,405

)

(9,646

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.

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.

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

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 and authorised for issue on 28 September 2022 and were signed on its behalf by:

Mr. J.M. Barrett - Director

1.	STATUTORY INFORMATION

Unique Space Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 September 2020

and 31 August 2021

6,340

NET BOOK VALUE

At 31 August 2021

6,340

At 31 August 2020

6,340

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

£

Other debtors

6,577

68,458

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

£

Bank loans and overdrafts

11,486

-

Trade creditors

1

1

Taxation and social security

26,459

53,429

Other creditors

46,371

4,125

84,317

57,555

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.21

31.8.20

£

£

Bank loans

37,005

50,000

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2021 and 31 August 2020:

31.8.21

31.8.20

£

£

Mr. J.M. Barrett

Balance outstanding at start of year

68,458

1,579

Amounts advanced

-

66,879

Amounts repaid

(68,458

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

68,458