IRIS Accounts Production v25.1.3.33 02009364 Board of Directors 1.10.23 30.9.24 30.9.24 30.5.25 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh020093642023-09-30020093642024-09-30020093642023-10-012024-09-30020093642022-09-30020093642022-10-012023-09-30020093642023-09-3002009364ns15:EnglandWales2023-10-012024-09-3002009364ns14:PoundSterling2023-10-012024-09-3002009364ns10:Director12023-10-012024-09-3002009364ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3002009364ns10:SmallEntities2023-10-012024-09-3002009364ns10:Audited2023-10-012024-09-3002009364ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3002009364ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3002009364ns10:FullAccounts2023-10-012024-09-3002009364ns10:Director22023-10-012024-09-3002009364ns10:CompanySecretary12023-10-012024-09-3002009364ns10:RegisteredOffice2023-10-012024-09-3002009364ns5:CurrentFinancialInstruments2024-09-3002009364ns5:CurrentFinancialInstruments2023-09-3002009364ns5:ShareCapital2024-09-3002009364ns5:ShareCapital2023-09-3002009364ns5:RetainedEarningsAccumulatedLosses2024-09-3002009364ns5:RetainedEarningsAccumulatedLosses2023-09-3002009364ns5:FurnitureFittings2023-10-012024-09-3002009364ns5:ComputerEquipment2023-10-012024-09-3002009364ns5:FurnitureFittings2023-09-3002009364ns5:ComputerEquipment2023-09-3002009364ns5:FurnitureFittings2024-09-3002009364ns5:ComputerEquipment2024-09-3002009364ns5:FurnitureFittings2023-09-3002009364ns5:ComputerEquipment2023-09-3002009364ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3002009364ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3002009364ns10:Director222023-09-3002009364ns10:Director222022-09-3002009364ns10:Director222023-10-012024-09-3002009364ns10:Director222022-10-012023-09-3002009364ns10:Director222024-09-3002009364ns10:Director222023-09-30
REGISTERED NUMBER: 02009364 (England and Wales)








Audited Financial Statements

for the Year Ended

30 September 2024

for

Upward Developments (West Midlands) Ltd

Upward Developments (West Midlands) Ltd (Registered number: 02009364)






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 Developments (West Midlands) Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: N C Drury
S M Griffiths





SECRETARY: N C Drury





REGISTERED OFFICE: Bloxwich Hall
Elmore Court
Elmore Green Road
Walsall
West Midlands
WS3 2QW





REGISTERED NUMBER: 02009364 (England and Wales)





AUDITORS: Nicklin Audit Limited
Chartered Accountants
Statutory Auditors
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Upward Developments (West Midlands) Ltd (Registered number: 02009364)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 151 200

CURRENT ASSETS
Debtors 5 16,043 27,014
Cash at bank 73,975 39,653
90,018 66,667
CREDITORS
Amounts falling due within one year 6 164,262 165,983
NET CURRENT LIABILITIES (74,244 ) (99,316 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(74,093

)

(99,116

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (74,095 ) (99,118 )
SHAREHOLDERS' FUNDS (74,093 ) (99,116 )

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by:





S M Griffiths - Director


Upward Developments (West Midlands) Ltd (Registered number: 02009364)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Upward Developments (West Midlands) 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.

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.

The financial statements have been prepared on a going concern basis on the grounds that support will be provided by group and associated companies to continue trading.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

Upward Developments (West Midlands) Ltd (Registered number: 02009364)

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
and 30 September 2024 1,173 4,373 5,546
DEPRECIATION
At 1 October 2023 1,095 4,251 5,346
Charge for year 19 30 49
At 30 September 2024 1,114 4,281 5,395
NET BOOK VALUE
At 30 September 2024 59 92 151
At 30 September 2023 78 122 200

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by related parties 15,297 8,846
Other debtors 699 18,121
Directors' loan accounts 47 47
16,043 27,014

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,721 12,198
Amounts owed to related parties 140,031 148,628
Tax 8,200 -
Social security and other taxes 1,190 2,657
Accrued expenses 3,120 2,500
164,262 165,983

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Howell FCA (Senior Statutory Auditor)
for and on behalf of Nicklin Audit Limited

Upward Developments (West Midlands) Ltd (Registered number: 02009364)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
N C Drury
Balance outstanding at start of year 47 -
Amounts advanced - 47
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 47 47

9. RELATED PARTY DISCLOSURES

Transactions with directors

At 30 September 2024 the company was owed £47 (2023: £47 owed) from the directors.

N&C Enterprises Limited
A company in which N Drury is a director

The amount due by the related party at the balance sheet date was £1,153 (2023: £1,153).

Upward (Property Estates) Limited
A company under common control.

During the year the company recharged the related party building development work amounting to £139,764 (2023: £396,233).

The amount due from the related party at the balance sheet date was £138,877 (2023: £146,385).

Upward Care Limited
A company under common control.

During the year the company recharged expenses of £Nil (2023: £1,932)

The amount due from the related party at the balance sheet date was £6,541 (2023: 544).

10. ULTIMATE CONTROLLING PARTY

The ultimate parent company of Upward Developments (West Midlands) 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.