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REGISTERED NUMBER: 08110841 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

UPL Management (Property) Limited

UPL Management (Property) Limited (Registered number: 08110841)

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

UPL Management (Property) Limited

Company Information

for the Year Ended 30 June 2025

| DIRECTOR: | A S Uppal

| REGISTERED OFFICE: | 33 Salmon Street

| London

| NW9 8PP

| REGISTERED NUMBER: | 08110841 (England and Wales)

| ACCOUNTANTS: | R G Associates

| 12 Rosemary Drive

| Ilford

| Essex

| IG4 5JD

UPL Management (Property) Limited (Registered number: 08110841)

Statement of Financial Position

30 June 2025

| 30.6.25 | 30.6.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,702,995 |  | 2,660,493 |  |

CURRENT ASSETS

Debtors | 5 | 3,252 |  | 8,908 |  |

Cash at bank | 6 | 258,413 |  | 178,153 |  |

261,665 |  | 187,061 |  |

CREDITORS

Amounts falling due within one year | 7 | 410,967 |  | 454,383 |  |

NET CURRENT LIABILITIES | (149,302 | ) | (267,322 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,553,693 |  | 2,393,171 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (1,007,250 | ) | (1,007,250 | ) |

PROVISIONS FOR LIABILITIES | 9 | (171,342 | ) | (160,592 | ) |

NET ASSETS | 1,375,101 |  | 1,225,329 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 10 | 1,375,001 |  | 1,225,229 |  |

SHAREHOLDERS' FUNDS | 1,375,101 |  | 1,225,329 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

UPL Management (Property) Limited (Registered number: 08110841)

Statement of Financial Position - continued

30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2025 and were signed by:

A S Uppal - Director

UPL Management (Property) Limited (Registered number: 08110841)

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| UPL Management (Property) Limited 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.

| 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.

| Turnover

| Turnover represents rents and management fees receivable during the period.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings | - | 20% on reducing balance

| Investment property, which is property held to earn rentals and/or for capital appreciation, 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 end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | and |

| property |  | fittings |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 July 2024 | 2,658,000 |  | 8,596 |  | 2,666,596 |  |

| Revaluations | 43,000 |  | - |  | 43,000 |  |

| At 30 June 2025 | 2,701,000 |  | 8,596 |  | 2,709,596 |  |

| DEPRECIATION

| At 1 July 2024 | - |  | 6,103 |  | 6,103 |  |

| Charge for year | - |  | 498 |  | 498 |  |

| At 30 June 2025 | - |  | 6,601 |  | 6,601 |  |

| NET BOOK VALUE

| At 30 June 2025 | 2,701,000 |  | 1,995 |  | 2,702,995 |  |

| At 30 June 2024 | 2,658,000 |  | 2,493 |  | 2,660,493 |  |

UPL Management (Property) Limited (Registered number: 08110841)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

4. | TANGIBLE FIXED ASSETS - continued

| Cost or valuation at 30 June 2025 is represented by:

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| Valuation in 0 | 874,371 |  | - |  | 874,371 |  |

| Valuation in 2020 | (22,000 | ) | - |  | (22,000 | ) |

| Valuation in 2021 | (278,000 | ) | - |  | (278,000 | ) |

| Valuation in 2022 | 185,000 |  | - |  | 185,000 |  |

| Valuation in 2023 | 41,000 |  | - |  | 41,000 |  |

| Valuation in 2024 | (158,000 | ) | - |  | (158,000 | ) |

| Valuation in 2025 | 43,000 |  | - |  | 43,000 |  |

| Cost | 2,015,629 |  | 8,596 |  | 2,024,225 |  |

2,701,000 |  | 8,596 |  | 2,709,596 |  |

| The properties were valued by the director, Mr A S Uppal who holds no qualifications in the property valuation but has extensive experience and knowledge of properties in the area. No formal valuation was obtained and in the opinion of the director, the market value of the investment properties at the year end will not differ materially from the above valuation.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Other debtors | 3,252 |  | 8,908 |  |

6. | CASH AT BANK

| Cash at bank include client account balances of £254,279.

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Taxation and social security | 37,450 |  | 23,248 |  |

| Other creditors | 373,517 |  | 431,135 |  |

410,967 |  | 454,383 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Other creditors | 1,007,250 |  | 1,007,250 |  |

UPL Management (Property) Limited (Registered number: 08110841)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

9. | PROVISIONS FOR LIABILITIES

| 30.6.25 |  | 30.6.24

£ | £ |

| Deferred tax | 171,342 |  | 160,592 |  |

| Deferred |

| tax |

£ |

| Balance at 1 July 2024 | 160,592 |  |

| Revaluation | 10,750 |  |

| Balance at 30 June 2025 | 171,342 |  |

10. | RESERVES

| Retained

| earnings

£ |

| At 1 July 2024 | 1,225,229 |  |

| Profit for the year | 117,522 |  |

| Surplus on property valuation | 32,250 |  |

| At 30 June 2025 | 1,375,001 |  |

| Reserves include £514,029 in respect of unrealised profits which will not be available for distribution until realised.

11. | ULTIMATE CONTROLLING PARTY

| The controlling party is A S Uppal.