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REGISTERED NUMBER: 11801277 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Upwood Property Investments Limited

Upwood Property Investments Limited (Registered number: 11801277)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Upwood Property Investments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P R Upton
Ms D Wood





REGISTERED OFFICE: 19 Ely Road
Stretham
Ely
Cambridgeshire
CB6 3JJ





REGISTERED NUMBER: 11801277 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Upwood Property Investments Limited (Registered number: 11801277)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 5,335,000 5,335,000

CURRENT ASSETS
Debtors 85,732 78,722
Cash at bank 210,250 149,487
295,982 228,209
CREDITORS
Amounts falling due within one year 168,729 158,496
NET CURRENT ASSETS 127,253 69,713
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,462,253

5,404,713

CREDITORS
Amounts falling due after more than one
year

5

(2,045,685

)

(2,139,753

)

PROVISIONS FOR LIABILITIES 7 (574,442 ) (574,442 )
NET ASSETS 2,842,126 2,690,518

CAPITAL AND RESERVES
Called up share capital 8 999 999
Non distributable retained
earnings 1,723,327 1,723,327
Retained earnings 1,117,800 966,192
SHAREHOLDERS' FUNDS 2,842,126 2,690,518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Upwood Property Investments Limited (Registered number: 11801277)

Abridged Balance Sheet - continued
31 December 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 March 2024 and were signed on its behalf by:





P R Upton - Director


Upwood Property Investments Limited (Registered number: 11801277)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Upwood Property Investments 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.

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Upwood Property Investments Limited (Registered number: 11801277)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 5,335,000
NET BOOK VALUE
At 31 December 2023 5,335,000
At 31 December 2022 5,335,000

The Directors have considered the valuation of the investment property held by Upwood Property Investments Limited , and it was determined that no fair value adjustment was required.

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.12.23 31.12.22
as restated
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 1,613,681 1,725,308

6. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
as restated
£    £   
Bank loans 2,144,314 2,234,371

The bank loan is secured by fixed and floating charges over the freehold property and the undertaking of the company.

7. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
as restated
£    £   
Deferred tax
Revaluation 574,442 574,442

Deferred
tax
£   
Balance at 1 January 2023
Prior year adjustment 574,442
As restated 574,442
Balance at 31 December 2023 574,442

Upwood Property Investments Limited (Registered number: 11801277)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: as restated
£    £   
999 Ordinary 1 999 999