| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| Upland Court Management Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| Upland Court Management Limited |
| Upland Court Management Limited (Registered number: 03002091) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Upland Court Management Limited |
| Company Information |
| for the Year Ended 31 March 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1 Golden Court |
| Richmond |
| Surrey |
| TW9 1EU |
| Upland Court Management Limited (Registered number: 03002091) |
| Balance Sheet |
| 31 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Share premium | 9 |
| Capital Contributions | 9 |
| Retained earnings | 9 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| Upland Court Management Limited (Registered number: 03002091) |
| Balance Sheet - continued |
| 31 March 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Upland Court Management Limited (Registered number: 03002091) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Upland Court Management Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover comprises ground rents for the flats and garages on the estate. Turnover is recognised when ground rents fall due. Ground rents for the eight flats are one peppercorn per year per flat. Ground rents for the eleven garages are due in advance in June and December in each calendar year. |
| Maintenance/service charges and surcharges on lessees of flats |
| A monthly maintenance/service charge is levied on the lessee of each flat to cover normal recurring external expenditure incurred in the year by the company to maintain the estate and also to provide a fund for repairs and renewals and the roof resurfacing fund. Under the terms of the leases, amounts received from lessees in excess of expenditure are returnable or may be carried forward. Amounts received for the repairs and renewals fund and the roof resurfacing fund are credited to deferred income in the balance sheet and released to the profit and loss account when the expenditure is incurred. In respect of major projects, determined and agreed by the lessees of the flats (being the members of the company), surcharges may be levied on the lessee of each flat to cover the costs, if there are insufficient funds available. Surcharges received before the expenditure is incurred are deferred in the balance sheet and released when the expenditure is incurred. Maintenance/service charges and surcharges are held in trust by statute for the purposes of section 42 of the Landlord and Tenant Act 1987. |
| Freehold property |
| The freehold of Upland Court representing land is recorded at cost and is not depreciated. |
| Tangible fixed assets |
| Other fixed assets are recorded at cost and depreciated over their estimated useful lives from the |
| date they come into operation. |
| Equipment, fixtures and fittings - 5 years; Gates and railings - 20 years. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2024 - NIL). |
| Upland Court Management Limited (Registered number: 03002091) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | and |
| property | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2024 |
| and 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for year |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| In 1995, the original cost of the freehold of Upland Court estate was £11,608. In the year to 31 March 2002, the cost was adjusted by £3,000 to reflect the disposal of the interest in Garage 7 on granting a new lease over that garage. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Ground rent | 143 | 30 |
| Barclays Bank | 10,330 | 10,330 |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Tax |
| Service charge | 447 | 450 |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Loan from lessees |
| Roof Resurfacing fund |
| Fund for Repairs and Renewals |
| Upland Court Management Limited (Registered number: 03002091) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| In 1995, except for the then lessee of Flat 3, the lessees of the other seven flats provided interest free loans in aggregate of £1,451 (2023: £1,451). The loans are repayable on demand but the lessees have agreed to leave the loans outstanding for the time being. |
| 2024 | 2023 |
| £ | £ |
| Fund for repairs and renewals | 6,160 | 6,160 |
| Roof resurfacing fund - At start of year | 12,743 | 11,783 |
| Additions | 960 | 960 |
| Used for Roof resurfacing | - | - |
| Roof resurfacing fund - At end of year | 13,703 | 12,743 |
| 19,863 | 18,903 |
| The company received £10,800 (2022: £10,320) in service/maintenance charges from the lessees of the eight flats in the year to 31 March 2024. Of the £10,800 received, £960 (2023: £960) was added to the Roof resurfacing fund. |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary | 1 | 8 | 8 |
| 9. | RESERVES |
| Retained | Share | Capital |
| earnings | premium | Contributions | Totals |
| £ | £ | £ | £ |
| At 1 April 2024 | ( |
) | 8,373 |
| Deficit for the year | ( |
) | ( |
) |
| At 31 March 2025 | ( |
) | 3,367 |