| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| For The Period 28 November 2023 to 31 December 2024 |
| for |
| Upward Capital Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| For The Period 28 November 2023 to 31 December 2024 |
| for |
| Upward Capital Limited |
| Upward Capital Limited (Registered number: 15310507) |
| Contents of the Financial Statements |
| For The Period 28 November 2023 to 31 December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Upward Capital Limited |
| Company Information |
| For The Period 28 November 2023 to 31 December 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Mill House |
| 58 Guildford Street |
| Chertsey |
| Surrey |
| KT16 9BE |
| Upward Capital Limited (Registered number: 15310507) |
| Balance Sheet |
| 31 December 2024 |
| Notes | £ |
| CURRENT ASSETS |
| Investments | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| The directors acknowledge their 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. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Upward Capital Limited (Registered number: 15310507) |
| Notes to the Financial Statements |
| For The Period 28 November 2023 to 31 December 2024 |
| 1. | STATUTORY INFORMATION |
| Upward Capital Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on the basis of the company continuing as a going concern for the foreseeable future for which reliance is placed on the support of the directors who have confirmed that they will not seek repayment of their loans until all other creditors have been paid in full. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable in relation to deals in shares and securities and is recognised when completion takes place. |
| Taxation |
| Taxation for the period 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 period 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. |
| Debtors |
| Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. |
| Cash at bank and in hand |
| Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. |
| Creditors |
| Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. |
| Current asset investments |
| Current asset investments are stated at market value at the balance sheet date. Changes in market value are recognised in the income statement as they arise and upon revaluation at the year end.. The market value is determined based on quoted prices at the balance sheet date.Transactions in foreign currency are converted into sterling at rates prevailing during the year and balances in foreign currency at the balance sheet date are revalued at the year end rate.Gains or losses on exchange rates are recognised in the income statement at the year end |
| Upward Capital Limited (Registered number: 15310507) |
| Notes to the Financial Statements - continued |
| For The Period 28 November 2023 to 31 December 2024 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | CURRENT ASSET INVESTMENTS |
| £ |
| Listed investments | 2,161,124 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Directors' current accounts | 2,197,045 |
| Accrued expenses |