REGISTERED NUMBER: 11748265 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

UPTON HART LTD

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

550,000

450,674

CURRENT ASSETS

Debtors

5

169

72

Cash at bank and in hand

7,168

5,060

7,337

5,132

CREDITORS

Amounts falling due within one year

6

125,628

108,417

NET CURRENT LIABILITIES

(118,291

)

(103,285

)

TOTAL ASSETS LESS CURRENT LIABILITIES

431,709

347,389

CREDITORS

Amounts falling due after more than one year

7

(328,245

)

(346,701

)

PROVISIONS FOR LIABILITIES

9

(18,872

)

-

NET ASSETS

84,592

688

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

10

80,454

-

Retained earnings

4,038

588

84,592

688

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 Income Statement has not been delivered.

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

Mr M A Bone - Director

1.	STATUTORY INFORMATION

Upton Hart Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11748265

Registered office:

1 Kings Avenue

London

N21 3NA

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue

Revenue represents the value of rental income chargeable in respect of the company's investment property. Revenue is recognised evenly over the period of the rental agreement.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

Taxation

Taxation for the year 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

Cash and cash equivalent

Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

450,674

Revaluations

99,326

At 31 January 2025

550,000

NET BOOK VALUE

At 31 January 2025

550,000

At 31 January 2024

450,674

Fair value at 31 January 2025 is represented by:

£

Valuation in 2025

99,326

Cost

450,674

550,000

If Investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

450,674

450,674

The directors consider that the market value of the investment property as at the year-end to be as stated in the financial statements.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

169

72

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

19,127

3,726

Taxation and social security

809

39

Other creditors

105,692

104,652

125,628

108,417

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

328,245

346,701

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

328,245

328,245

Repayable by instalments

Bank loans more 5 yr by instal

-

5,474

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loan

328,245

328,245

Bank loan is secured by way of fixed and floating charge on the property of the company and contains a negative pledge

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

18,872

-

Deferred

tax

£

Provided during year

18,872

Balance at 31 January 2025

18,872

10.

RESERVES

Fair

value

reserve

£

Movement during the year

80,454

At 31 January 2025

80,454

11.	RELATED PARTY DISCLOSURES

Included in the other creditors less than one year is an amount of £102,401 (2024: £102,401) due to connected companies with common directorship. Also, included is an amount of £300 (2024: £300) due to the directors of the company. The loans were interest free and repayable on demand.