| REGISTERED NUMBER: |
| Audited Financial Statements |
| for the Year Ended |
| 30 September 2024 |
| for |
| Upward Care Limited |
| REGISTERED NUMBER: |
| Audited Financial Statements |
| for the Year Ended |
| 30 September 2024 |
| for |
| Upward Care Limited |
| Upward Care Limited (Registered number: 07278578) |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Upward Care Limited |
| Company Information |
| for the Year Ended 30 September 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants |
| Statutory Auditors |
| Church Court |
| Stourbridge Road |
| Halesowen |
| West Midlands |
| B63 3TT |
| Upward Care Limited (Registered number: 07278578) |
| Balance Sheet |
| 30 September 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Upward Care Limited (Registered number: 07278578) |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2024 |
| 1. | STATUTORY INFORMATION |
| Upward Care Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates. |
| Turnover from the provision of care is recognised according to the date the service is carried out. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Upward Care Limited (Registered number: 07278578) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2023 |
| Additions |
| At 30 September 2024 |
| DEPRECIATION |
| At 1 October 2023 |
| Charge for year |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Amounts owed by participating interests | 64,974 | 23,134 |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Amounts owed to participating interests | 12,535 | 544 |
| Taxation and social security |
| Other creditors |
| 7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 8. | OTHER FINANCIAL COMMITMENTS |
| At 30 September 2024 the company has operating lease commitments of £184,485 (2023 - £184,898). |
| Upward Care Limited (Registered number: 07278578) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2024 |
| 9. | RELATED PARTY DISCLOSURES |
| Midland Properties (West Midlands) Limited |
| A company in which N Drury is a director |
| During the year the company has paid rent of £31,615 (2023: £31,615) is respect of its business premises to Midland Properties (West Midlands) Limited. |
| Upward (Property Estates) Limited |
| A company under common control |
| During the year rent and other costs of £57,422 (2023: £54,726) was paid to Upward (Property Estates) Limited. |
| The amount due from the related party at the balance sheet date was £64,974 (2023: £32,273). |
| Upward Developments (West Midlands) Limited |
| A company under common control |
| During the year Upward Developments (West Midlands) has recharged expenses of £Nil (2023: £1,932). |
| The amount due to the related party at the balance sheet date was £6,451 (2023: £544). |
| Sivic Investments Limited |
| A company in which S M Griffiths is a director |
| During the year consultancy fees of £30,000 (2023 £30,000) were paid to Sivic Investments Limited. |
| The amount due from the related party at the balance sheet date was £Nil (2023: £780). |
| Upward Enterprises Limited |
| Parent company |
| During the year the company paid dividends of £1,632,000 (2023: £1,530,000) on its A ordinary shares to Upward Enterprises Limited. |
| The amount due from the related party at the balance sheet date was £457,745 (2023: £494,745). |
| Upward Housing CIC |
| A company under common control |
| During the year expenses were recharged of £100,819 (2023: £91,670) and purchases were made of £17,317 (2023: £22,159) to Upward Housing CIC. |
| The amount due to the related party at the balance sheet date was £6,084 (2023:£22,354 due from). |
| 10. | ULTIMATE PARENT COMPANY |
| The ultimate parent company of Upward Care Limited is Upward Enterprises Limited, a company with a principal place of business at Bloxwich Hall, Elmore Court, Elmore Green Road, Walsall, West Midlands WS3 2QW. |