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REGISTERED NUMBER: 05831701 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

UPTON WOOD MANAGEMENT LTD

UPTON WOOD MANAGEMENT LTD (REGISTERED NUMBER: 05831701)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

UPTON WOOD MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: S Hopper
Mrs H Hopper





REGISTERED OFFICE: 11 Cherry Waye
Eythorne
Dover
Kent
CT15 4BT





REGISTERED NUMBER: 05831701 (England and Wales)





ACCOUNTANTS: Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY

UPTON WOOD MANAGEMENT LTD (REGISTERED NUMBER: 05831701)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,700 3,141
Investment property 5 706,000 706,000
708,700 709,141

CURRENT ASSETS
Debtors 6 89,599 101,577
Cash at bank and in hand 5,233 5,327
94,832 106,904
CREDITORS
Amounts falling due within one year 7 11,843 9,555
NET CURRENT ASSETS 82,989 97,349
TOTAL ASSETS LESS CURRENT
LIABILITIES

791,689

806,490

CREDITORS
Amounts falling due after more than one
year

8

(282,853

)

(281,399

)

PROVISIONS FOR LIABILITIES (100,584 ) (100,584 )
NET ASSETS 408,252 424,507

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 428,806 428,806
Retained earnings (20,556 ) (4,301 )
SHAREHOLDERS' FUNDS 408,252 424,507

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

UPTON WOOD MANAGEMENT LTD (REGISTERED NUMBER: 05831701)

BALANCE SHEET - continued
31 MAY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





S Hopper - Director


UPTON WOOD MANAGEMENT LTD (REGISTERED NUMBER: 05831701)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Upton Wood Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The Financial Statements are presented in round pounds sterling £

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is compiled from management and maintenance charges and rental income of an investment property.

Management charges are recognised at the end of each month, when the total amount due from the properties have been collected and the clients have been paid their amounts minus the management fee.

Rental income is also recognised at the end of each month when the amounts for each property have been collected.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

UPTON WOOD MANAGEMENT LTD (REGISTERED NUMBER: 05831701)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 4,224
Disposals (275 )
At 31 May 2024 3,949
DEPRECIATION
At 1 June 2023 1,083
Charge for year 441
Eliminated on disposal (275 )
At 31 May 2024 1,249
NET BOOK VALUE
At 31 May 2024 2,700
At 31 May 2023 3,141

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 706,000
NET BOOK VALUE
At 31 May 2024 706,000
At 31 May 2023 706,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2016 269,750
Valuation in 2019 139,640
Valuation in 2020 30,000
Valuation in 2021 90,000
Cost 176,610
706,000

UPTON WOOD MANAGEMENT LTD (REGISTERED NUMBER: 05831701)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,042 8,650
Other debtors 85,557 92,927
89,599 101,577

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,417 1,417
Trade creditors 1,332 2,304
Taxation and social security 5,253 2,028
Other creditors 3,841 3,806
11,843 9,555

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 282,853 281,399

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 276,488 273,750

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage 276,488 273,750

The bank loan is secured on the investment property and by a limited personal guarantee from the director.

10. RESERVES
Fair
value
reserve
£   
At 1 June 2023
and 31 May 2024 428,806

UPTON WOOD MANAGEMENT LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
UPTON WOOD MANAGEMENT LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on pages one to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY


Date: .............................................