Uplands Real Estate Ltd - Filleted accounts

Registered number

11859373

Uplands Real Estate Ltd

Unaudited Filleted Accounts

31 March 2025

Uplands Real Estate Ltd
Registered number:		11859373
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Investment property	4		630,000			630,000

Current assets
Debtors	5	8,134			7,788
Cash at bank and in hand		13,641			6,685
		21,775			14,473

Creditors: amounts falling due within one year	6	(107,467)			(112,415)

Net current liabilities			(85,692)			(97,942)

Total assets less current liabilities			544,308			532,058

Creditors: amounts falling due after more than one year	7		(352,512)			(358,803)

Provisions for liabilities			(31,988)			(31,988)

Net assets			159,808			141,267

Capital and reserves
Called up share capital			1			1
Fair value reserve	9		95,963			95,963
Profit and loss account			63,844			45,303

Shareholder's funds			159,808			141,267

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr C Grant
Director
Approved by the board on 31/12/2025.

Uplands Real Estate Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Statutory information

	Uplands Real Estate Ltd is a private company, limited by shares, registered in England and
	Wales.

	The company's registered number and registered office address are as below:

	Registered number:	11859373

	Registered office:	Uplands Kelcliffe Lane
		Guiseley
		Leeds
		West Yorkshire
		LS20 9DE

	The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.


2	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including 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 received and receivable, excluding VAT.

	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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


2	Accounting policies (continued)

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

	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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


3	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1


4	Investment property
Total
£
	Fair value
	At 1 April 2024				630,000

	At 31 March 2025				630,000

	Historical cost
	At 1 April 2024				502,049
	At 31 March 2025				502,049

	The investment property was valued on an open market basis on 31 March 2025 by the director.


5	Debtors		2025		2024
£				£

	Trade debtors		5,045		5,045
	Prepayments and accrued income		589		543
	Other debtors		2,500		2,200
			8,134		7,788


6	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		6,276		6,057
	Accruals and deferred income		950		1,025
	Trade creditors		85		-
	Director's current account		68,305		72,768
	Taxation and social security costs		4,349		5,365
	Other creditors		27,502		27,200
			107,467		112,415


7	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		352,512		358,803


8	Loans		2025		2024
£				£
	Creditors include:
	Instalments falling due for payment after more than five years		317,263		326,659


	Secured bank loans		356,940		356,940

	Bank loans are secured over the properties to which they relate.


9	Fair value reserve		2025		2024
£				£

	At 1 April 2024		95,963		103,641
	Reserve transfer		-		(7,678)

	At 31 March 2025		95,963		95,963


10	Related party transactions

	During the year £537 (2024: £537) was advanced from and £5,000 (2024: £12,500) was repaid to the director of the company. An amount of £68,305 (2024: £72,768) remained due to the director at the year end.