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REGISTERED NUMBER: 02936162 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

UP AND COMING PROPERTY INVESTMENTS
LIMITED

UP AND COMING PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 02936162)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


UP AND COMING PROPERTY INVESTMENTS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: C N D Butterfield
Mrs E Butterfield





SECRETARY: Mrs E Butterfield





REGISTERED OFFICE: 39 Kirkby Road
Hemsworth
Pontefract
West Yorkshire
WF9 4BA





REGISTERED NUMBER: 02936162 (England and Wales)





ACCOUNTANTS: K L King Accountants
Chartered Accountants
39 Kirkby Road
Hemsworth
Pontefract
West Yorkshire
WF9 4BA

UP AND COMING PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 02936162)

ABRIDGED BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,732 3,704
Investment property 5 344,942 344,942
358,674 348,646

CURRENT ASSETS
Debtors 123,578 125,503
Cash at bank 3,680 24,090
127,258 149,593
CREDITORS
Amounts falling due within one year 170,715 161,304
NET CURRENT LIABILITIES (43,457 ) (11,711 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

315,217

336,935

CAPITAL AND RESERVES
Called up share capital 6 5,083 5,083
Retained earnings 7 310,134 331,852
SHAREHOLDERS' FUNDS 315,217 336,935

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 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.

UP AND COMING PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 02936162)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


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 March 2024 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 15 November 2024 and were signed on its behalf by:





C N D Butterfield - Director


UP AND COMING PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 02936162)

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


1. STATUTORY INFORMATION

Up and Coming 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.

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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The directors consider that the market value of the investment property as at 31 March 2024 is not materially different to its cost.

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.


UP AND COMING PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 02936162)

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


2. ACCOUNTING POLICIES - continued
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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 13,091
Additions 12,307
At 31 March 2024 25,398
DEPRECIATION
At 1 April 2023 9,387
Charge for year 2,279
At 31 March 2024 11,666
NET BOOK VALUE
At 31 March 2024 13,732
At 31 March 2023 3,704

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 344,942
NET BOOK VALUE
At 31 March 2024 344,942
At 31 March 2023 344,942

UP AND COMING PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 02936162)

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


6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
5,083 Ordinary £1 5,083 5,083

7. RESERVES
Retained
earnings
£   

At 1 April 2023 331,852
Deficit for the year (21,718 )
At 31 March 2024 310,134

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, interest amounting to £6,000 (2023: £6,000) was paid to the directors in relation to their directors loan account being in credit.

9. RELATED PARTY DISCLOSURES

At the balance sheet date the following amounts were due to companies in which Mr C N D Butterfield is a director and shareholder:

£80,602 (2023: £100,606) - The Kitchen Factory Shop Limited

Also at the balance sheet date, the following amounts were due from companies in which Mr C N D Butterfield is a director and shareholder:
£118,890 (2023: £118,890) - C N D Butterfield Limited

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C N D Butterfield.