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Company Registration No. 14541642 (England and Wales)
Upperton Investment Ltd Unaudited accounts for the year ended 31 December 2024
Upperton Investment Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
Upperton Investment Ltd Company Information for the year ended 31 December 2024
Directors
Jonathan Bennett James Harding
Company Number
14541642 (England and Wales)
Registered Office
1st Floor Cornelius House 178-180 Church Road Hove East Sussex BN3 2DJ England
Accountants
KMG Accountancy Ltd The Offices 57 Newtown Road Hove BN3 7BA
- 3 -
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Upperton Investment Ltd for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Upperton Investment Ltd for the year ended 31 December 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
KMG Accountancy Ltd Chartered Accountants The Offices 57 Newtown Road Hove BN3 7BA 30 September 2025
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Upperton Investment Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
4
3,143,409 
3,086,512 
Current assets
Debtors
5
54,482 
6,770 
Cash at bank and in hand
1,336 
262,283 
55,818 
269,053 
Creditors: amounts falling due within one year
6
(1,274,366)
(1,402,171)
Net current liabilities
(1,218,548)
(1,133,118)
Total assets less current liabilities
1,924,861 
1,953,394 
Creditors: amounts falling due after more than one year
7
(1,952,910)
(1,950,000)
Net (liabilities)/assets
(28,049)
3,394 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(28,149)
3,294 
Shareholders' funds
(28,049)
3,394 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by
James Harding Director Company Registration No. 14541642
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Upperton Investment Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Upperton Investment Ltd is a private company, limited by shares, registered in England and Wales, registration number 14541642. The registered office is 1st Floor Cornelius House, 178-180 Church Road, Hove, East Sussex, BN3 2DJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 January 2024
3,086,512 
Additions
56,897 
At 31 December 2024
3,143,409 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
18,977 
- 
Accrued income and prepayments
6,009 
- 
Other debtors
29,496 
6,770 
54,482 
6,770 
- 6 -
Upperton Investment Ltd Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
20,472 
- 
Taxes and social security
- 
773 
Other creditors
1,241,742 
1,400,748 
Loans from directors
10,117 
- 
Accruals
2,035 
650 
1,274,366 
1,402,171 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,952,910 
1,950,000 
The Company has provided its Investment Property as security and granted fixed charges on the property where appropriate.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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