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Registration number: 13291493

LetUpp Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

LetUpp Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

LetUpp Limited

Company Information

Director

Mr Trefor Leslie Griffiths

Registered office

The Cherry Tree
Wootton Green
Wootton
Bedfordshire
MK43 9EE

Accountants

RiverView Portfolio Limited 1 Market Hill
Calne
Wiltshire
SN11 0BT

 

LetUpp Limited

(Registration number: 13291493)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

1,011

112

Investment property

6

1,795,000

1,795,000

 

1,796,011

1,795,112

Current assets

 

Debtors

7

2,732

2,483

Cash at bank and in hand

 

32,905

13,941

 

35,637

16,424

Creditors: Amounts falling due within one year

8

(7,219)

(2,275)

Net current assets

 

28,418

14,149

Total assets less current liabilities

 

1,824,429

1,809,261

Creditors: Amounts falling due after more than one year

8

(1,854,610)

(1,876,206)

Net liabilities

 

(30,181)

(66,945)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(30,281)

(67,045)

Shareholders' deficit

 

(30,181)

(66,945)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 11 June 2025
 

.........................................
Mr Trefor Leslie Griffiths
Director

 

LetUpp Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Cherry Tree
Wootton Green
Wootton
Bedfordshire
MK43 9EE

These financial statements were authorised for issue by the director on 11 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

LetUpp Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2

Accounting policies (continued)

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

4

Profit/loss before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

350

38

 

LetUpp Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2024

149

149

Additions

1,249

1,249

At 31 March 2025

1,398

1,398

Depreciation

At 1 April 2024

37

37

Charge for the year

350

350

At 31 March 2025

387

387

Carrying amount

At 31 March 2025

1,011

1,011

At 31 March 2024

112

112

6

Investment properties

2025
£

At 1 April

1,795,000

At 31 March

1,795,000

The fair value of the property at 31st March 2025 has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation of £1,795,000 was arrived at by reference to the market evidence of transaction prices for similar properties in its location the property is situated.

7

Debtors

Current

Note

2025
£

2024
£

Amounts owed by related parties

134

-

Prepayments

 

2,598

2,256

Other debtors

 

-

227

   

2,732

2,483

 

LetUpp Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

8

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

211

-

Taxation and social security

4,733

-

Accruals and deferred income

2,275

2,275

7,219

2,275

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

9

1,851,591

1,875,354

Other non-current financial liabilities

 

3,019

852

 

1,854,610

1,876,206

9

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Other borrowings

1,851,591

1,875,354