Acorah Software Products - Accounts Production 16.1.200 false true true false 1 June 2023 31 May 2024 31 May 2024 14896725 Mr Derek Peter Gowans Mr Anvar Ahmadov UPG Developments Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14896725 2023-05-31 14896725 2024-05-31 14896725 2023-06-01 2024-05-31 14896725 frs-core:CurrentFinancialInstruments 2024-05-31 14896725 frs-core:Non-currentFinancialInstruments 2024-05-31 14896725 frs-core:ShareCapital 2024-05-31 14896725 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 14896725 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14896725 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 14896725 frs-bus:SmallEntities 2023-06-01 2024-05-31 14896725 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 14896725 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 14896725 1 2023-06-01 2024-05-31 14896725 frs-bus:Director1 2023-06-01 2024-05-31 14896725 frs-bus:Director2 2023-06-01 2024-05-31 14896725 frs-countries:EnglandWales 2023-06-01 2024-05-31
Registered number: 14896725
UPG Westminster Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Heelan Associates Ltd
1 The Briars
Waterberry Drive
Waterlooville
Hampshire
PO7 7YH
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14896725
2024
Notes £ £
CURRENT ASSETS
Stocks 4 1,527,561
Debtors 5 70,161
Investments 6 3,244,370
Cash at bank and in hand 173,022
5,015,114
Creditors: Amounts Falling Due Within One Year 7 (2,339,283 )
NET CURRENT ASSETS (LIABILITIES) 2,675,831
TOTAL ASSETS LESS CURRENT LIABILITIES 2,675,831
Creditors: Amounts Falling Due After More Than One Year 8 (2,686,996 )
NET LIABILITIES (11,165 )
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account (11,265 )
SHAREHOLDERS' FUNDS (11,165)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Derek Peter Gowans
Director
25 February 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
UPG Westminster Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14896725 . The registered office is 1 The Briars, Waterberry Drive, Waterlooville, Hampshire, PO7 7YH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL
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4. Stocks
2024
£
Work in progress 1,527,561
5. Debtors
2024
£
Due within one year
Other debtors 70,161
6. Current Asset Investments
2024
£
Shares in subsidiaries 473,354
Unlisted investments 2,771,016
3,244,370
Page 2
Page 3
7. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 408,121
Other creditors 1,930,837
Taxation and social security 325
2,339,283
8. Creditors: Amounts Falling Due After More Than One Year
2024
£
Other loans 2,686,996
9. Share Capital
2024
£
Allotted, Called up and fully paid 100
10. Ultimate Controlling Party
The company's ultimate controlling party is UPG Developments Ltd by virtue of his ownership of 100% of the issued share capital in the company.
Page 3