Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 05002716 C J Engelbrecht D J Van Der Heever iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05002716 2023-05-31 05002716 2024-05-31 05002716 2023-06-01 2024-05-31 05002716 frs-core:CurrentFinancialInstruments 2024-05-31 05002716 frs-core:Non-currentFinancialInstruments 2024-05-31 05002716 frs-core:FurnitureFittings 2024-05-31 05002716 frs-core:FurnitureFittings 2023-06-01 2024-05-31 05002716 frs-core:FurnitureFittings 2023-05-31 05002716 frs-core:InvestmentPropertyIncludedWithinPPE 2024-05-31 05002716 frs-core:InvestmentPropertyIncludedWithinPPE 2023-06-01 2024-05-31 05002716 frs-core:InvestmentPropertyIncludedWithinPPE 2023-05-31 05002716 frs-core:MotorVehicles 2024-05-31 05002716 frs-core:MotorVehicles 2023-06-01 2024-05-31 05002716 frs-core:MotorVehicles 2023-05-31 05002716 frs-core:RevaluationReserve 2023-06-01 2024-05-31 05002716 frs-core:RevaluationReserve 2023-05-31 05002716 frs-core:RevaluationReserve 2024-05-31 05002716 frs-core:SharePremium 2024-05-31 05002716 frs-core:ShareCapital 2024-05-31 05002716 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 05002716 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05002716 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 05002716 frs-bus:SmallEntities 2023-06-01 2024-05-31 05002716 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05002716 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 05002716 frs-bus:OrdinaryShareClass2 2023-06-01 2024-05-31 05002716 frs-bus:OrdinaryShareClass2 2024-05-31 05002716 frs-bus:OrdinaryShareClass3 2023-06-01 2024-05-31 05002716 frs-bus:OrdinaryShareClass3 2024-05-31 05002716 frs-bus:OrdinaryShareClass4 2023-06-01 2024-05-31 05002716 frs-bus:OrdinaryShareClass4 2024-05-31 05002716 frs-bus:OrdinaryShareClass5 2023-06-01 2024-05-31 05002716 frs-bus:OrdinaryShareClass5 2024-05-31 05002716 frs-core:ProvisionsDeferredTax 2024-05-31 05002716 frs-bus:Director1 2023-06-01 2024-05-31 05002716 frs-bus:Director2 2023-06-01 2024-05-31 05002716 frs-countries:EnglandWales 2023-06-01 2024-05-31 05002716 2022-05-31 05002716 2023-05-31 05002716 2022-06-01 2023-05-31 05002716 frs-core:CurrentFinancialInstruments 2023-05-31 05002716 frs-core:Non-currentFinancialInstruments 2023-05-31 05002716 frs-core:RevaluationReserve 2023-05-31 05002716 frs-core:SharePremium 2023-05-31 05002716 frs-core:ShareCapital 2023-05-31 05002716 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 05002716 frs-bus:OrdinaryShareClass2 2022-06-01 2023-05-31 05002716 frs-bus:OrdinaryShareClass3 2022-06-01 2023-05-31 05002716 frs-bus:OrdinaryShareClass4 2022-06-01 2023-05-31 05002716 frs-bus:OrdinaryShareClass5 2022-06-01 2023-05-31 05002716 frs-core:ProvisionsDeferredTax 2023-05-31
Registered number: 05002716
UHP Investments Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05002716
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 16,685,000 16,100,000
16,685,000 16,100,000
CURRENT ASSETS
Debtors 4 2,851,670 2,624,893
Cash at bank and in hand 70,131 150,118
2,921,801 2,775,011
Creditors: Amounts Falling Due Within One Year 5 (120,092 ) (116,130 )
NET CURRENT ASSETS (LIABILITIES) 2,801,709 2,658,881
TOTAL ASSETS LESS CURRENT LIABILITIES 19,486,709 18,758,881
Creditors: Amounts Falling Due After More Than One Year 6 (11,956,042 ) (11,956,042 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (952,391 ) (806,141 )
NET ASSETS 6,578,276 5,996,698
CAPITAL AND RESERVES
Called up share capital 8 6,935 6,935
Share premium account 1,998,973 1,998,973
Revaluation reserve 9 4,713,288 4,274,538
Profit and Loss Account (140,920 ) (283,748 )
SHAREHOLDERS' FUNDS 6,578,276 5,996,698
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Page 2
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
C J Engelbrecht
Director
26/03/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover represents rent receivable on properties within the UK. Rents are receivable on a weekly and monthly basis and where payments are receivable from tenants for periods ending after the balance sheet date, the relevant proportion of rent receivable is recorded as deferred income and included as part of creditors due within one year. 
1.3. 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:
Motor Vehicles 25%
Fixtures & Fittings 25%
1.4. 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.
1.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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1.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2023: 2)
2 2
3. Tangible Assets
Investment Properties Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost or Valuation
As at 1 June 2023 16,100,000 20,843 205,646 16,326,489
Revaluation 585,000 - - 585,000
As at 31 May 2024 16,685,000 20,843 205,646 16,911,489
Depreciation
As at 1 June 2023 - 20,843 205,646 226,489
As at 31 May 2024 - 20,843 205,646 226,489
Net Book Value
As at 31 May 2024 16,685,000 - - 16,685,000
As at 1 June 2023 16,100,000 - - 16,100,000
4. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 13,592 10,414
Other debtors 133,813 101,197
147,405 111,611
...CONTINUED
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Due after more than one year
Other debtors 314,438 343,455
Amounts owed by group undertakings 2,389,827 2,169,827
2,704,265 2,513,282
2,851,670 2,624,893
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,301 9,939
Other creditors 104,918 100,793
Accruals and deferred income 4,873 5,398
120,092 116,130
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,956,042 11,956,042
11,956,042 11,956,042
The Banks have legal charges over the company's assets in order to secure the various bank loans. These loans are secured against the specific assets to which they relate.
Shawbrook Bank Limited holds a debenture which covers all the company's liabilities to the bank of any kind and in any currency (whether present or future actual or contingent and whether incurred alone or jointly with another) including banking charges, commission, costs and expenses.
Mortgage Trust Limited holds a further legal charge which covers all the monies due or to become due from the company to the charge on any account whatsoever.
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Deferred Tax 952,391 806,141
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Page 6
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6,935 6,935
Value Number 2024 2023
Allotted, called up and fully paid £ £ £
Ordinary A shares 5,546 1 5,546 5,546
Ordinary B shares 2 1 2 2
Ordinary C shares 1,040 1 1,040 1,040
Ordinary D shares 347 1 347 347
4 6,935 6,935
9. Reserves
Revaluation Reserve
£
As at 1 June 2023 4,274,538
Transfer to profit and loss 438,750
As at 31 May 2024 4,713,288
10. Related Party Transactions
Mr DJ Van Den Heever, Mr CJ Engelbrecht signed personal guarantees in favour of the Banks in respect of bank loans to the company.
Ultimate Prop Co Limited owns 100% of the company. During the year Ultimate prop Co Limited charged a management fee of £60,000 (2023: £30,000). At the year end the outstanding loan payable to UHP Investments Limited amounts to £2,389,827 (2023: £2,169,827). This loan is interest free with no fixed terms of repayment. 
11. Taxation
The company has carried forward tax losses of £553,799 (2023 - £915,332) which it can use against future taxable profits.
12. General Information
UHP Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05002716 . The registered office is Bank House, 81 St Judes Road, Englefield Green, Surrey, TW20 0DF.
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