Upper Boundary Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 13229377

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		385,000		385,000

			385,000		385,000
CURRENT ASSETS
Debtors	5	25,556		27,368
Cash at bank and in hand		39		574

		25,595		27,942
Creditors: Amounts Falling Due Within One Year	6	(145,143 )		(137,413 )

NET CURRENT ASSETS (LIABILITIES)			(119,548 )		(109,471 )

TOTAL ASSETS LESS CURRENT LIABILITIES			265,452		275,529

Creditors: Amounts Falling Due After More Than One Year	7		(274,995 )		(274,891 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(28,512 )		(28,512 )

NET LIABILITIES			(38,055 )		(27,874 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Fair value reserve			93,230		93,230
Profit and Loss Account			(131,385 )		(121,204 )

SHAREHOLDERS' FUNDS			(38,055)		(27,874)

Page 1

Page 2

Upper Boundary Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Miss Heather Critchlow

Director

02/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Upper Boundary Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13229377 . The registered office is C/O Property Accounts Limited, 59 Castle Street, Reading, RG1 7SN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is recognized as rental income received.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Investment Properties
	£
Cost
As at 1 April 2024	385,000

As at 31 March 2025	385,000

Net Book Value
As at 31 March 2025	385,000

As at 1 April 2024	385,000

5. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by group undertakings	25,556	27,368

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Amounts owed to group undertakings	145,143	137,413

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Mortgages	274,995	274,891

Page 3

Page 4

Upper Boundary Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

Vida Sourcing Limited

An indirect mutual shareholder.

£6,573 (2024: £5,273) outstanding creditor balance.

Brighton Road DE24 Ltd

Group company.

£73,563 (2024: £72,963) outstanding creditor balance.

Vida Property Holdings Limited

Parent company.

£25,556 (2024: £27,368) outstanding debtor balance.

Vida Property Solutions Limited

Group company.

£65,006 (2024: £59,176) outstanding creditor balance.