Registration number: 11381776

Upgraded Partners Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Upgraded Partners Limited

Company Information

Director

Mr Matthew Peter Soltys

Registered office

15 Neptune Court Vanguard Way Cardiff CF24 5PJ

Accountants

RiverView Portfolio Limited 1 Market Hill Calne Wiltshire SN11 0BT

Upgraded Partners Limited

(Registration number: 11381776)
Balance Sheet as at 30 April 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	1,798	2,469
Current assets
Debtors	6	23,928	20,246
Cash at bank and in hand		344	374
		24,272	20,620
Creditors: Amounts falling due within one year	7	(31,656)	(17,196)
Net current (liabilities)/assets		(7,384)	3,424
Total assets less current liabilities		(5,586)	5,893
Creditors: Amounts falling due after more than one year	7	(462,089)	(441,474)
Net liabilities		(467,675)	(435,581)
Capital and reserves
Called up share capital		100	100
Retained earnings		(467,775)	(435,681)
Shareholders' deficit		(467,675)	(435,581)

For the financial year ending 30 April 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 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 30 September 2025
 

......................................... Mr Matthew Peter Soltys Director

Upgraded Partners Limited

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

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:
15 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ
Wales

These financial statements were authorised for issue by the director on 30 September 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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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:

Upgraded Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

2	Accounting policies (continued)

Asset class	Depreciation method and rate
Office Equipment	25% Staright Line

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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 (2023 - 0).

4	Loss before tax

Arrived at after charging/(crediting)

	2024 £	2023 £
Depreciation expense	1,068	969

Upgraded Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 May 2023	3,877	3,877
Additions	398	398
At 30 April 2024	4,275	4,275
Depreciation
At 1 May 2023	1,408	1,408
Charge for the year	1,069	1,069
At 30 April 2024	2,477	2,477
Carrying amount
At 30 April 2024	1,798	1,798
At 30 April 2023	2,469	2,469

6

Debtors

Current	2024 £	2023 £
Trade debtors	1	1
Other debtors	23,927	20,245
	23,928	20,246

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		30	(60)
Amounts owed to group undertakings and undertakings in which the company has a participating interest		29,786	16,336
Taxation and social security		400	200
Accruals and deferred income		1,440	720
		31,656	17,196

Upgraded Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

7	Creditors (continued)

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings		462,089	441,474