Company No: 06612118 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mr A R Cobb
	Mrs C S Le May
	Mr M J Le May
	Mr H D C Thornton

REGISTERED OFFICE	Old Library Chambers
	21 Chipper Lane
	Salisbury
	SP1 1BG
	United Kingdom

COMPANY NUMBER

06612118 (England and Wales)

ACCOUNTANT	S&W Partners LLP
	Old Library Chambers
	21 Chipper Lane
	Salisbury
	Wiltshire
	SP1 1BG

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	14,681		6,054
Investment property	4	490,000		490,000
		504,681		496,054
Current assets
Debtors	5	1,835		1,898
Cash at bank and in hand		2,621		124,895
		4,456		126,793
Creditors: amounts falling due within one year	6	( 11,828)		( 105,059)
Net current (liabilities)/assets		(7,372)		21,734
Total assets less current liabilities		497,309		517,788
Creditors: amounts falling due after more than one year	7	( 555,714)		( 539,445)
Net liabilities		( 58,405)		( 21,657)
Capital and reserves
Called-up share capital		204,452		204,452
Share premium account		27,750		27,750
Profit and loss account		( 290,607 )		( 253,859 )
Total shareholders' deficit		( 58,405)		( 21,657)

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of The Upham Brush Company Limited (registered number: 06612118) were approved and authorised for issue by the Board of Directors on 29 September 2025. They were signed on its behalf by:

Mrs C S Le May Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Upham Brush Company (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Old Library Chambers, 21 Chipper Lane, Salisbury, Wiltshire, SP1 1BG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Going concern

The directors have assessed the Balance Sheet covering a period of 12 months from the date of approval of these financial statements. The directors note that the business has net liabilities. The Company is supported through loans from shareholders. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the shareholders will continue to support the Company. Based on this ongoing financial support, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Turnover

Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Rental income is recognised on an accruals basis in accordance with the relevant rental agreements.

Finance costs

All borrowing costs are recognised in the Statement of income and retained earnings in the year in which they are incurred.

Taxation

Current tax
The tax expense represents the sum of the tax currently payable and any deferred tax.

The current tax charge is based on the taxable profit for the year. Taxable profit differs from net profit as reported in the Statement of income and retained earnings because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates 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 where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date.

Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised. Deferred tax assets and liabilities are not recognised if the timing difference arises from the initial recognition of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset realised. Deferred tax is charged or credited to the Statement of income and retained earnings.

Tangible fixed assets

Tangible fixed assets under the cost model, other than investment properties, are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings

5 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of income and retained earnings.

Investment property

Investment property is carried at fair value determined annually by the directors. No depreciation is provided. Changes in fair value are recognised in the statement of income and retained earnings.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at transaction price. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Interest bearing bank loans, overdrafts and other loans which meet the criteria to be classified as basic financial instruments are initially recorded at cost.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Tangible assets

	Fixtures and fittings		Total
	£		£
Cost
At 01 January 2024	26,267		26,267
Additions	10,206		10,206
At 31 December 2024	36,473		36,473
Accumulated depreciation
At 01 January 2024	20,213		20,213
Charge for the financial year	1,579		1,579
At 31 December 2024	21,792		21,792
Net book value
At 31 December 2024	14,681		14,681
At 31 December 2023	6,054		6,054

4. Investment property

	Investment property
	£
Valuation
As at 01 January 2024	490,000
As at 31 December 2024	490,000

Valuation

The 2024 valuations were made by Christie & Co on 4 June 2024, on an open market value for existing use basis. The directors are satisfied there has been no change since.

5. Debtors

	2024		2023
	£		£
Prepayments	1,835		1,898

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Amounts owed to directors	2,000		94,744
Accruals	9,828		10,315
	11,828		105,059

7. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Other creditors	555,714		539,445

8. Related party transactions

Other related party transactions

	2024		2023
	£		£
Mr M J Le May	129,337		125,409
Mrs C S Le May	129,336		125,408
Mr A R Cobb	51,681		50,111
Mr H D C Thornton	51,681		50,111
Mr S Robinson	103,332		100,194
Mr S Barter	43,999		42,779
Mr J Rigg	33,011		32,096
Mr & Mrs Armstrong	13,337		13,337

Included within other creditors due after more than one year are amounts owed to the shareholders as above.

In addition to the amounts shown above, Mrs C S Le May has advanced a total of £1,000 (2023: £48,306) and Mr M J le May has advanced a total of £1,000 (2023: £46,438) to the company on a short term basis.