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Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Upright Property Group Ltd

Upright Property Group Ltd (Registered number: 08724216)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Upright Property Group Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: B J Wilson
M J Charlton
A J Wakeford





REGISTERED OFFICE: 14 West Street
Reigate
Surrey
RH2 9BS





REGISTERED NUMBER: 08724216 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Upright Property Group Ltd (Registered number: 08724216)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,406 14,079

CURRENT ASSETS
Debtors 5 9,976 54,448
Cash at bank 289 4,847
10,265 59,295
CREDITORS
Amounts falling due within one year 6 7,149 51,181
NET CURRENT ASSETS 3,116 8,114
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,522

22,193

CREDITORS
Amounts falling due after more than one
year

7

(6,708

)

(10,208

)

PROVISIONS FOR LIABILITIES (2,602 ) (3,520 )
NET ASSETS 4,212 8,465

CAPITAL AND RESERVES
Called up share capital 8 150 150
Retained earnings 4,062 8,315
SHAREHOLDERS' FUNDS 4,212 8,465

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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.

Upright Property Group Ltd (Registered number: 08724216)

Balance Sheet - continued
31 March 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:




B J Wilson - Director



M J Charlton - Director


Upright Property Group Ltd (Registered number: 08724216)

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


1. STATUTORY INFORMATION

Upright Property Group 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

Upright Property Group Ltd (Registered number: 08724216)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2024
and 31 March 2025 14,691
DEPRECIATION
At 1 April 2024 612
Charge for year 3,673
At 31 March 2025 4,285
NET BOOK VALUE
At 31 March 2025 10,406
At 31 March 2024 14,079

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024
and 31 March 2025 14,691
DEPRECIATION
At 1 April 2024 612
Charge for year 3,673
At 31 March 2025 4,285
NET BOOK VALUE
At 31 March 2025 10,406
At 31 March 2024 14,079

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors - 44,498
Other debtors 9,950 9,950
VAT 26 -
9,976 54,448

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 3,500 3,500
Trade creditors 459 21,148
Social security and other taxes 2,240 12,313
VAT - 11,870
Accrued expenses 950 2,350
7,149 51,181

Upright Property Group Ltd (Registered number: 08724216)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 6,708 10,208

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary A £1 150 150

9. ULTIMATE CONTROLLING PARTY

The company is under the control of the board of directors.