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REGISTERED NUMBER: 06349669 (England and Wales)















R.J. UPTON 1987 SETTLEMENT (KINGS
WARREN) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






R.J. UPTON 1987 SETTLEMENT (KINGS
WARREN) LIMITED (REGISTERED NUMBER: 06349669)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


R.J. UPTON 1987 SETTLEMENT (KINGS
WARREN) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: H E Upton





REGISTERED OFFICE: Park Farm
Herringswell
Bury St Edmunds
Suffolk
IP28 6SR





REGISTERED NUMBER: 06349669 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF

R.J. UPTON 1987 SETTLEMENT (KINGS
WARREN) LIMITED (REGISTERED NUMBER: 06349669)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 3,224,581 2,952,444
Debtors 4 6 2,063
Cash at bank 141,008 55,318
3,365,595 3,009,825
CREDITORS
Amounts falling due within one year 5 3,289,996 3,009,819
NET CURRENT ASSETS 75,599 6
TOTAL ASSETS LESS CURRENT LIABILITIES 75,599 6

CAPITAL AND RESERVES
Called up share capital 7 6 6
Retained earnings 75,593 -
SHAREHOLDERS' FUNDS 75,599 6

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 15 August 2024 and were signed by:





H E Upton - Director


R.J. UPTON 1987 SETTLEMENT (KINGS
WARREN) LIMITED (REGISTERED NUMBER: 06349669)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

R.J. Upton 1987 Settlement (Kings Warren) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Stocks
Work in progress is valued at the lower of cost and fair value less costs to complete and sell.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 2,057
Called up share capital not paid 6 6
6 2,063

R.J. UPTON 1987 SETTLEMENT (KINGS
WARREN) LIMITED (REGISTERED NUMBER: 06349669)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 2,789,890 2,686,777
Trade creditors - 8,043
Taxation 22,152 -
VAT 19,454 -
Other creditors 458,500 314,999
3,289,996 3,009,819

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 2,789,890 2,686,777

The loan of £2,789,890 (2023: £2,686,777) is underwritten by the Upton Trust, which owns the development land.

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
6 Ordinary shares £1 6 6