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REGISTERED NUMBER: 07433342 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Onwards & Upwards Property Ltd

Onwards & Upwards Property Ltd (Registered number: 07433342)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Onwards & Upwards Property Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: G Broadwell





REGISTERED OFFICE: Milton House
Queen Street
Morley
Leeds
West Yorkshire
LS27 9EB





REGISTERED NUMBER: 07433342 (England and Wales)





ACCOUNTANTS: Lindley Adams Limited Chartered Accountants
28 Prescott Street
Halifax
West Yorkshire
HX1 2LG

Onwards & Upwards Property Ltd (Registered number: 07433342)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,963 4,035

CURRENT ASSETS
Debtors 5 192,639 189,605
Cash at bank 23,041 15,296
215,680 204,901
CREDITORS
Amounts falling due within one year 6 63,222 41,271
NET CURRENT ASSETS 152,458 163,630
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,421

167,665

CREDITORS
Amounts falling due after more than one
year

7

(27,264

)

(33,221

)

PROVISIONS FOR LIABILITIES (373 ) (441 )
NET ASSETS 126,784 134,003

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 126,782 134,001
126,784 134,003

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

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

The director acknowledges his 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.

Onwards & Upwards Property Ltd (Registered number: 07433342)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 May 2025 and were signed by:





G Broadwell - Director


Onwards & Upwards Property Ltd (Registered number: 07433342)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Onwards & Upwards Property 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.

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.

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 6 (2023 - 5 ) .

Onwards & Upwards Property Ltd (Registered number: 07433342)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 18,800 49,862 68,662
Additions - 1,639 1,639
At 31 December 2024 18,800 51,501 70,301
DEPRECIATION
At 1 January 2024 17,084 47,543 64,627
Charge for year 1,716 1,995 3,711
At 31 December 2024 18,800 49,538 68,338
NET BOOK VALUE
At 31 December 2024 - 1,963 1,963
At 31 December 2023 1,716 2,319 4,035

5. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 55,338 37,219
Other debtors 2,041 6,032
57,379 43,251

Amounts falling due after more than one year:
Other debtors 135,260 146,354

Aggregate amounts 192,639 189,605

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 9,887 15,595
Taxation and social security 26,459 15,903
Other creditors 21,876 4,773
63,222 41,271

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 27,264 33,221

Onwards & Upwards Property Ltd (Registered number: 07433342)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.24 31.12.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,264 13,221