REGISTERED NUMBER: 11488585 (England and Wales)

Financial Statements for the Year Ended 31st March 2025

for

56 Upper Green Street Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E Bland

W R Whymark

REGISTERED OFFICE:

Unit 1, Lancaster Court

Coronation Road

Cressex Business Park

High Wycombe

Buckinghamshire

HP12 3TD

REGISTERED NUMBER:

11488585 (England and Wales)

FIXED ASSETS

Tangible assets

4

223,105

250,744

Investment property

5

2,992,104

2,992,104

3,215,209

3,242,848

CURRENT ASSETS

Debtors

6

1,169,376

1,077,852

Cash at bank

7,267

19,974

1,176,643

1,097,826

CREDITORS

Amounts falling due within one year

7

42,359

28,251

NET CURRENT ASSETS

1,134,284

1,069,575

TOTAL ASSETS LESS CURRENT LIABILITIES

4,349,493

4,312,423

CREDITORS

Amounts falling due after more than one year

8

(1,847,829

)

(1,857,756

)

PROVISIONS FOR LIABILITIES

10

(512,717

)

(534,524

)

NET ASSETS

1,988,947

1,920,143

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,988,946

1,920,142

SHAREHOLDERS' FUNDS

1,988,947

1,920,143

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th December 2025 and were signed on its behalf by:

E Bland - Director

1.	STATUTORY INFORMATION

56 Upper Green Street Ltd 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.

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

Rental income from operating leases is recognised on a straight-line basis over the lease term. Income from services provided to tenants is recognised in the period in which the services are rendered. Revenue from the sale of investment property is recognised when the risks and rewards of ownership have transferred to the buyer.

Tangible fixed assets

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

Plant and machinery etc

-

20% Straight line on cost and 10% Straight line on cost

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.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

and 31st March 2025

294,006

DEPRECIATION

At 1st April 2024

43,262

Charge for year

27,639

At 31st March 2025

70,901

NET BOOK VALUE

At 31st March 2025

223,105

At 31st March 2024

250,744

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

2,992,104

NET BOOK VALUE

At 31st March 2025

2,992,104

At 31st March 2024

2,992,104

Fair value at 31st March 2025 is represented by:

£

Valuation in 2019

2,135,248

Valuation in 2024

(247,896

)

Cost

1,104,752

2,992,104

Investment property was valued on an open market basis on 19th February 2019 by Christe & Co .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Trade debtors

76,066

35,566

Other debtors

1,093,310

1,042,286

1,169,376

1,077,852

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Bank loans and overdrafts

9,830

10,929

Taxation and social security

29,729

17,322

Other creditors

2,800

-

42,359

28,251

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Bank loans

1,847,829

1,857,756

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

1,842,821

1,842,919

9.	SECURED DEBTS

Included within bank loans is a loan from Shawbrook Bank Plc for £ 1,842,919 (20224: £ 1,842,919) which is secured by a first charge over the property assets of the company. This loan is an interest only loan which is subject to a fixed interest rate of 4.06% until February 2028 after which the rate will revert to a margin of 3.34% over the variable Shawbrook Base Rate.

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

as restated

£

£

Deferred tax

512,717

534,524

Deferred

tax

£

Balance at 1st April 2024

534,524

Provided during year

(21,807

)

Balance at 31st March 2025

512,717

11.	RELATED PARTY DISCLOSURES

During the year the company charged rents to companies wholly owned a director. Rents totalling £167,370 (2024: £ 167,370) were charged to White Leaf Care Properties Limited. registered in England under number 0739171.

As at the year end there are amounts due from The Coin Group Limited of £ 705,259 (2024: £ 670,604 ), White Leaf Support Limited, registered in England under number 06956408, in the sum of £ 9,180 (2024: £9,234) and Highworth Close Limited, registered in England under number 13748535, in the sum of £ 362,449 (2024: £362,499), White Leaf Care Properties Limited, registered in England under number 0739171, in the sum of £ 16,420 (2024 : £nil) and amounts due to 4a Priory Road Limited, registered in England under number 11998755, in the sum of £ 2,800 (2024 : £nil), all company's wholly owned a director.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is E Bland.