Uplands1929 Ltd


FINANCIAL STATEMENTS


for the year ended 31st October 2023



Uplands1929 Ltd

CONTENTS

for the year ended 31st October 2023







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Uplands1929 Ltd

Company No. 11616251

STATEMENT OF FINANCIAL POSITION

as at 31st October 2023

20232022
Note£££
FIXED ASSETS
Property, plant and equipment4461282466152
461282466152
CURRENT ASSETS
Cash at bank and in hand156211722
156211722
CURRENT LIABILITIES
Creditors: amounts falling due
within one year5454020279529
NET CURRENT LIABILITIES(452458)(267807)
TOTAL ASSETS LESS CURRENT LIABILITIES8824198345
 
Creditors: amounts falling due
after more than one year6-188562
 
NET ASSETS88249783
 
CAPITAL AND RESERVES
Called up share capital22
Retained earnings88229781
SHAREHOLDERS FUNDS88249783

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st October 2023 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 31 July 2024


P P Blakeley

Director

Company Number 11616251 (England)

Uplands1929 Ltd

NOTES TO THE ACCOUNTS

for the year ended 31st October 2023


1   Statutory information

Uplands1929 Ltd is a private company limited by shares and registered under company number 11616251 in England. Its registered office address is 12 Hatherley Road, Sidcup, Kent DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles25% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

The average number of employees during the accounting period was 2 (2022 - 2).

4   Property, plant and equipment
 
PlantFixtures
Land andandand
BuildingsMachineryFittingsTotal
££££
Cost
At 1st November 2022 and
At 31st October 2023394172876261225483023
 
Depreciation
At 1st November 2022 -1603483716871
Charge for year-4773974870
At 31st October 2023-2080793421741
 
Net Book Value
At 31st October 202339417266819291461282
At 31st October 202239417271592388466152

5   Creditors: amounts falling due within one year20232022
££
 
Loans and Overdrafts188562-
Other creditors265458279529
454020279529

6   Creditors: amounts falling due after one year20232022
££
 
Loans and Overdrafts-188562
-188562

7   Loans20232022
££
Analysis of maturity of debt:
 
Within one year188562-
After five years-188562
188562188562
Secured loans-188562

Loans are secured by mortgage

Loan amounts payable after five years can be analysed as follows:
 
Repayment TermsInterest Rate (%)
Bank LoansInstallments4-188562
-188562

8   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20232022
££
 
N Blakeley264714278809
264714278809

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