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Registration number: 05406804

Umbrella Property Group Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Umbrella Property Group Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Umbrella Property Group Limited

Company Information

Director

Mrs Suzanne Oliver

Company secretary

Mr Jarrod Oliver

Registered office

Tang Croft
Tang Road
High Birstwith
Harrogate
HG3 2JU

Accountants

Axiom Accounting 39 Limited
Chartered Certified Accountants7 Hornbeam Square South
Harrogate
North Yorkshire
HG2 8NB

 

Umbrella Property Group Limited

(Registration number: 05406804)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

6,507,954

6,492,466

Current assets

 

Debtors

5

10,728

28,064

Cash at bank and in hand

 

139,011

216,268

 

149,739

244,332

Creditors: Amounts falling due within one year

6

(5,493,044)

(5,482,429)

Net current liabilities

 

(5,343,305)

(5,238,097)

Total assets less current liabilities

 

1,164,649

1,254,369

Creditors: Amounts falling due after more than one year

6

(1,176,174)

(1,278,502)

Net liabilities

 

(11,525)

(24,133)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(11,625)

(24,233)

Shareholders' deficit

 

(11,525)

(24,133)

For the financial year ending 30 September 2024 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 her 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 June 2025
 

.........................................
Mrs Suzanne Oliver
Director

 

Umbrella Property Group Limited

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

1

General information

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

The address of its registered office is:
Tang Croft
Tang Road
High Birstwith
Harrogate
HG3 2JU

These financial statements were authorised for issue by the director on 27 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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.

 

Umbrella Property Group Limited

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

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:

Asset class

Depreciation method and rate

Fixtures & fittings

25% per annum on a reducing balance basis

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

 

Umbrella Property Group Limited

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 4).

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 October 2023

6,507,943

5,059

1,981

19,107

At 30 September 2024

6,507,943

5,059

1,981

19,107

Depreciation

At 1 October 2023

-

5,059

1,981

14,240

Charge for the year

-

-

-

4,856

At 30 September 2024

-

5,059

1,981

19,096

Carrying amount

At 30 September 2024

6,507,943

-

-

11

At 30 September 2023

6,487,599

-

-

4,867

 

Umbrella Property Group Limited

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

Total
£

Cost or valuation

At 1 October 2023

6,534,090

At 30 September 2024

6,534,090

Depreciation

At 1 October 2023

21,280

Charge for the year

4,856

At 30 September 2024

26,136

Carrying amount

At 30 September 2024

6,507,954

At 30 September 2023

6,492,466

Included within the net book value of land and buildings above is £6,507,943 (2023 - £6,487,599) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Trade debtors

10,476

23,317

Other debtors

252

4,747

 

10,728

28,064

 

Umbrella Property Group Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

5,358,278

5,378,223

Trade creditors

 

(6,175)

5,965

Accruals and deferred income

 

780

780

Other creditors

 

140,161

97,461

 

5,493,044

5,482,429

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

1,176,174

1,278,502

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

65,472

71,021

Other borrowings

1,110,702

1,207,481

1,176,174

1,278,502

Current loans and borrowings

2024
£

2023
£

Bank borrowings

5,358,278

5,378,223