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Registered number: 15446375
Up North Real Estate Ltd
Unaudited Financial Statements
For the Period 27 January 2024 to 31 January 2025
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 15446375
31 January 2025
Notes £ £
FIXED ASSETS
Tangible Assets 4 448
Investment Properties 5 564,934
565,382
CURRENT ASSETS
Debtors 6 2,366
Cash at bank and in hand 11,284
13,650
Creditors: Amounts Falling Due Within One Year 7 (598,386 )
NET CURRENT ASSETS (LIABILITIES) (584,736 )
TOTAL ASSETS LESS CURRENT LIABILITIES (19,354 )
NET LIABILITIES (19,354 )
CAPITAL AND RESERVES
Called up share capital 8 10
Profit and Loss Account (19,364 )
SHAREHOLDERS' FUNDS (19,354)
Page 1
Page 2
For the period ending 31 January 2025 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
Abid Saied
Director
04/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Up North Real Estate Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15446375 . The registered office is Office 15 Bramley House 2a, Bramley Road, Long Eaton, Nottinghamshire, NG10 3SX.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing balance
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 27 January 2024 -
Additions 560
As at 31 January 2025 560
Depreciation
As at 27 January 2024 -
Provided during the period 112
As at 31 January 2025 112
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 January 2025 448
As at 27 January 2024 -
5. Investment Property
31 January 2025
£
Fair Value
As at 27 January 2024 -
Additions 564,934
As at 31 January 2025 564,934
6. Debtors
31 January 2025
£
Due within one year
Trade debtors 156
Other debtors 450
Tenant deposit scheme 1,760
2,366
7. Creditors: Amounts Falling Due Within One Year
31 January 2025
£
Tenant deposits 1,760
Directors' loan accounts 596,626
598,386
8. Share Capital
31 January 2025
£
Allotted, Called up and fully paid 10
9. Ultimate Controlling Party
There is no ultimate controlling party due to the nature of the share structure within the company meaning that no one party has control.
Page 4