Company No:
Contents
DIRECTORS | J C Ibbett (Appointed 10 May 2023) |
V A Ibbett (Appointed 19 June 2023) | |
Y A Ibbett (Appointed 10 May 2023, Resigned 19 June 2023) |
REGISTERED OFFICE | Milton Parc |
Milton Ernest | |
MK44 1YU | |
United Kingdom |
COMPANY NUMBER | 14859969 (England and Wales) |
ACCOUNTANT | S&W Partners LLP |
Stonecross | |
Trumpington High Street | |
Cambridge | |
CB2 9SU |
Note | 31.03.2024 | |
£ | ||
Fixed assets | ||
Investment property | 3 |
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Investments | 4 |
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3,683,035 | ||
Current assets | ||
Debtors | 5 |
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Cash at bank and in hand |
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594,060 | ||
Creditors: amounts falling due within one year | 6 | (
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Net current assets | 543,801 | |
Total assets less current liabilities | 4,226,836 | |
Net assets |
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Capital and reserves | ||
Called-up share capital |
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Share premium account |
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Profit and loss account |
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Total shareholder's funds |
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Directors' responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Upohar Limited (registered number:
V A Ibbett
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Upohar 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 Milton Parc, Milton Ernest, MK44 1YU, 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 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Upohar Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
These financial statements are separate financial statements.
The financial statements have been prepared on a going concern basis.
The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.
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.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.
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.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Period from 10.05.2023 to 31.03.2024 |
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Number | |
Monthly average number of persons employed by the Company during the period, including directors |
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Investment property | |
£ | |
Valuation | |
As at 10 May 2023 |
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Additions | 1,427,862 |
As at 31 March 2024 |
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Listed investments | Total | ||
£ | £ | ||
Cost or valuation before impairment | |||
At 10 May 2023 |
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Additions |
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Disposals | (
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(
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Movement in fair value |
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At 31 March 2024 |
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Carrying value at 31 March 2024 |
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31.03.2024 | |
£ | |
Trade debtors |
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Prepayments and accrued income |
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31.03.2024 | |
£ | |
Trade creditors |
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Accruals and deferred income |
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Deferred tax liability |
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Taxation and social security |
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31.03.2024 | |
£ | |
At the beginning of financial period |
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Charged to the Statement of Income and Retained Earnings | (
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At the end of financial period | (
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Parent Company:
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Milton Parc, Milton Ernest, Bedfordshire, United Kingdom, MK44 1YU |