REGISTERED NUMBER: 00248183 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2025

FOR

UPTON & SONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S P Upton

Mrs S C Upton

J C F Upton

N R W Upton

T H Upton

Mrs C J Upton

SECRETARY:

Mrs S C Upton

REGISTERED OFFICE:

Westgate House

87 St Dunstan's Street

Canterbury

Kent

CT2

8AE

REGISTERED NUMBER:

00248183 (England and Wales)

ACCOUNTANTS:

Spain Brothers & Co

Chartered Accountants

Westgate House

87 St Dunstans Street

Canterbury

Kent

CT2 8AE

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

3,828,337

3,952,250

Investment property

6

1,783,352

1,783,352

5,611,689

5,735,602

CURRENT ASSETS

Cash at bank and in hand

28,290

64,625

CREDITORS

Amounts falling due within one year

7

35,750

38,363

NET CURRENT (LIABILITIES)/ASSETS

(7,460

)

26,262

TOTAL ASSETS LESS CURRENT LIABILITIES

5,604,229

5,761,864

PROVISIONS FOR LIABILITIES

444,991

493,754

NET ASSETS

5,159,238

5,268,110

CAPITAL AND RESERVES

Called up share capital

8

8,000

8,000

Revaluation reserve

9

2,495,526

2,675,473

Retained earnings

2,655,712

2,584,637

SHAREHOLDERS' FUNDS

5,159,238

5,268,110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 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 19th December 2025 and were signed on its behalf by:

Mrs S C Upton - Director

T H Upton - Director

1.	STATUTORY INFORMATION

Upton & Sons 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.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Equipment - straight line over 3 years

Investment property

Investment property for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date.

Changes in fair value are recognised in the profit or loss for the year.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Income

Rental income from operating leases is credited to the profit and loss account as it falls due.

Interest income and dividend income is recognised as the company's right to receive payment is established.

Foreign currency

Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 6th April 2024

and 5th April 2025

1,603

DEPRECIATION

At 6th April 2024

and 5th April 2025

1,603

NET BOOK VALUE

At 5th April 2025

-

At 5th April 2024

-

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 6th April 2024

3,952,250

Additions

118,254

Disposals

(13,456

)

Revaluations

(228,711

)

At 5th April 2025

3,828,337

NET BOOK VALUE

At 5th April 2025

3,828,337

At 5th April 2024

3,952,250

Cost or valuation at 5th April 2025 is represented by:

Other

investments

£

Valuation in 2004

9,213

Valuation in 2017

1,491,464

Valuation in 2018

10,337

Valuation in 2019

230,507

Valuation in 2020

(487,851

)

Valuation in 2021

483,684

Valuation in 2022

645,486

Valuation in 2023

(111,627

)

Valuation in 2024

(117,071

)

Valuation in 2025

(228,712

)

Cost

1,902,907

3,828,337

At 5th April 2025 the historic cost of fixed asset investments was £1,902,907 (2024 £1,798,108).

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6th April 2024

and 5th April 2025

1,783,352

NET BOOK VALUE

At 5th April 2025

1,783,352

At 5th April 2024

1,783,352

Fair value at 5th April 2025 is represented by:

£

Valuation in 1965

24,994

Valuation in 1981

360,000

Valuation in 2004

350,000

Valuation in 2008

450,000

Cost

598,358

1,783,352

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

2025

2024

£

£

Cost

598,358

598,358

The Investment property was valued on an open market basis on 5th April 2008 by the Directors .

The directors are not aware of any material change in the value of the Investment Properties at the balance sheet date.

The Investment Property is held for use in operating leases.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,050

-

Tax

4,935

8,771

Other creditors

26,765

29,592

35,750

38,363

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

8,000

Ordinary

1

8,000

8,000

9.

RESERVES

Revaluation

reserve

£

At 6th April 2024

2,675,473

Transfer between reserves

(179,947

)

At 5th April 2025

2,495,526