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Company No: 06968896 (England and Wales)

UPNOR HILLVIEW PARKSIDE COMPANY LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

UPNOR HILLVIEW PARKSIDE COMPANY LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

UPNOR HILLVIEW PARKSIDE COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 July 2024
UPNOR HILLVIEW PARKSIDE COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 611 1,849
611 1,849
Current assets
Debtors 4 3,951 10,380
Cash at bank and in hand 77 4,244
4,028 14,624
Creditors: amounts falling due within one year 5 ( 2,952) ( 4,572)
Net current assets 1,076 10,052
Total assets less current liabilities 1,687 11,901
Net assets 1,687 11,901
Capital and reserves
Called-up share capital 150 150
Profit and loss account 1,537 11,751
Total shareholders' funds 1,687 11,901

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Upnor Hillview Parkside Company Limited (registered number: 06968896) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Dr N Myo
Director

06 April 2025

UPNOR HILLVIEW PARKSIDE COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
UPNOR HILLVIEW PARKSIDE COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Upnor Hillview Parkside Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 20 Schooner Walk, Upnor, Rochester, ME2 4GZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

Upnor Hillview Parkside Company Limited ceased trading on 31 July 2024.

For this reason, the financial statements have been prepared on a basis other than going concern. The directors have assessed the going concern at the balance sheet date and no material accounting adjsutments have arisen as a result of ceasing to apply the going concern basis.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 August 2023 5,034 5,034
Disposals ( 639) ( 639)
At 31 July 2024 4,395 4,395
Accumulated depreciation
At 01 August 2023 3,185 3,185
Charge for the financial year 1,238 1,238
Disposals ( 639) ( 639)
At 31 July 2024 3,784 3,784
Net book value
At 31 July 2024 611 611
At 31 July 2023 1,849 1,849

4. Debtors

2024 2023
£ £
Amounts owed by directors 3,224 9,785
Prepayments 179 595
S455 548 0
3,951 10,380

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 200 200
Accruals 2,014 1,818
Corporation tax 738 1,786
Other creditors 0 768
2,952 4,572

There are no amounts included above in respect of which any security has been given by the company.

6. Related party transactions

At the year end date, a director owed the company £3,224 (2023 - £9,785). The balance is unsecured and repayable on demand. Interest has been charged at the standard rate of 2.25%.