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REGISTERED NUMBER: 11454786 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

NJ & LR UPTON LIMITED

NJ & LR UPTON LIMITED (REGISTERED NUMBER: 11454786)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NJ & LR UPTON LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: N Upton
Mrs L Upton





REGISTERED OFFICE: 40 Wren Avenue
Perton
Wolverhampton
WV6 7TS





REGISTERED NUMBER: 11454786 (England and Wales)





ACCOUNTANTS: Rice & Co (Brownhills) Limited
Chartered Accountants
90 High Street
Brownhills
Walsall
West Midlands
WS8 6EW

NJ & LR UPTON LIMITED (REGISTERED NUMBER: 11454786)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 413,530 413,530

CURRENT ASSETS
Debtors 5 248 194
Cash at bank 43,559 40,099
43,807 40,293
CREDITORS
Amounts falling due within one year 6 150,041 152,741
NET CURRENT LIABILITIES (106,234 ) (112,448 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

307,296

301,082

CREDITORS
Amounts falling due after more than one
year

7

288,171

288,172
NET ASSETS 19,125 12,910

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 19,123 12,908
SHAREHOLDERS' FUNDS 19,125 12,910

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

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

NJ & LR UPTON LIMITED (REGISTERED NUMBER: 11454786)

BALANCE SHEET - continued
31 July 2024


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 Board of Directors and authorised for issue on 7 January 2025 and were signed on its behalf by:





Mrs L Upton - Director


NJ & LR UPTON LIMITED (REGISTERED NUMBER: 11454786)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

NJ & LR Upton 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.

Turnover is recognised when goods have been delivered to customers, or services completed, such that the risks & rewards of ownership have been transferred to them.

Tangible fixed assets
Freehold Property is not depreciated where the directors are of the opinion that the buildings concerned are sufficiently well maintained to ensure that the residual value of the property is not less than its carrying value and accordingly depreciation would not be material to the financial statements.

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 (2023 - NIL).

NJ & LR UPTON LIMITED (REGISTERED NUMBER: 11454786)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 August 2023
and 31 July 2024 413,530
NET BOOK VALUE
At 31 July 2024 413,530
At 31 July 2023 413,530

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 248 194

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,575 10,575
Taxation and social security 1,693 1,729
Other creditors 137,773 140,437
150,041 152,741

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 288,171 288,172

Amounts falling due in more than five years:

Repayable by instalments
Mortgage more 5 yr by instal 245,873 245,874

NJ & LR UPTON LIMITED (REGISTERED NUMBER: 11454786)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 298,746 298,747

The mortgage loan on freehold property situated at 57 Beveley Road, Oakengates, Telford TF2 6DL is secured by a legal mortgage and debenture dated 9th November 2018 for all the monies and liabilities whatsoever, whenever and howsoever incurred by the company whether now or in the future.

The mortgage loan on freehold property situated at 24 Hendy Avenue, Telford TF1 5GN is secured by a legal mortgage and debenture dated 18th November 2019 for all the monies and liabilities whatsoever, whenever and howsoever incurred by the company whether now or in the future.

The mortgage loan on freehold property situated at 16 Meese Close, Telford TF1 3LP is secured by a legal mortgage and debenture dated 26th May 2021 for all the monies and liabilities whatsover, whenever and howsoever incurred by the company whether now or in the future.