Company Registration No. 07614300 (England and Wales)
B UNIQUE MANAGEMENT (UK) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
PAGES FOR FILING WITH REGISTRAR
B UNIQUE MANAGEMENT (UK) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
B UNIQUE MANAGEMENT (UK) LTD
BALANCE SHEET
AS AT
31 DECEMBER 2021
31 December 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Investments
3
446
446
Current assets
-
-
Creditors: amounts falling due within one year
4
(174,880)
(111,565)
Net current liabilities
(174,880)
(111,565)
Net liabilities
(174,434)
(111,119)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(174,534)
(111,219)
Total equity
(174,434)
(111,119)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 30 September 2022 and are signed on its behalf by:
M Toher
M Lewis
Director
Director
Company Registration No. 07614300
B UNIQUE MANAGEMENT (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
- 2 -
1
Accounting policies
Company information
B Unique Management (UK) Ltd is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
3rd Floor, 5 Chancery Lane, London, WC2A 1LG.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
A
true
t the time of approving the financial statements
,
t
he directors have a reasonable expectation that the
company
has adequate resources to continue in operational existence for the foreseeable future. Thus
t
he directors continue to adopt the going concern basis of accounting in preparing the financial statements.
The company directors and other members of the group have agreed to continue to support the company financially.
1.3
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in
profit
or
loss
.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities
.
1.4
Financial instruments
The company only has financial instruments which are classified as basic financial instruments.
Short-term debtors and creditors are measured at the settlement value. Any losses from impairment are recognised in profit and loss.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
B UNIQUE MANAGEMENT (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
2
2
3
Fixed asset investments
2021
2020
£
£
Shares in group undertakings and participating interests
446
446
4
Creditors: amounts falling due within one year
2021
2020
£
£
Other creditors
174,880
111,565
5
Related party transactions
During the period,
B Unique Music Limited
, a connected company, incurred expenses on behalf of B Unique Management (UK) Limited totalling £19,911
. At the Balance Sheet date, B-Unique Management (UK) Limited owed the related party £19,911 (2020: £nil).
During the period, Martin Toher, a Director of
the company, paid for invoices on
behalf of
B-Unique
Management
(UK) Ltd totalling £
22,908
during the period.
At the Balance Sheet date the company owed the director £75,781
(20
20 - £52,873
).
During the period, Mar
k Lewis
, a Director of
the company, paid for invoices on
behalf of
B-Unique
Management
(UK) Ltd totalling £
22,908
during the period.
At the Balance Sheet date the company owed the director £75,781
(20
20 - £52,873
).
All loans are interest free and repayable on demand.