Onwards & Upwards Ventures Ltd

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

Registered number: 14789527

		30 April 2025		30 April 2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		345,000		210,000

			345,000		210,000
CURRENT ASSETS
Cash at bank and in hand		13,226		48,792

		13,226		48,792
Creditors: Amounts Falling Due Within One Year	5	(1,559 )		(1,559 )

NET CURRENT ASSETS (LIABILITIES)			11,667		47,233

TOTAL ASSETS LESS CURRENT LIABILITIES			356,667		257,233

Creditors: Amounts Falling Due After More Than One Year	6		(395,626 )		(294,300 )

NET LIABILITIES			(38,959 )		(37,067 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Fair value reserve	9		(28,888 )		(24,074 )
Profit and Loss Account			(10,171 )		(13,093 )

SHAREHOLDERS' FUNDS			(38,959)		(37,067)

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Onwards & Upwards Ventures Ltd

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their 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

Mr G Bradley

Director

9 January 2025

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

1. General Information

Onwards & Upwards Ventures Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14789527 . The registered office is 43 Ryswick Road, Kempston, Bedford, MK42 8SW.

The presentation currency of the financial statements is the Pound Sterling (£).

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 measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rental of investment property.

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: NIL (2024: NIL)

4. Investment Property

	30 April 2025
	£
Fair Value
As at 1 May 2024	210,000
Additions	139,814
Fair value adjustments	(4,814 )

As at 30 April 2025	345,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	30 April 2025	30 April 2024
	£	£
Cost	373,888	234,074

Investment property was valued on an open market basis on 19 December 2025 by the director.

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Onwards & Upwards Ventures Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

5. Creditors: Amounts Falling Due Within One Year

	30 April 2025	30 April 2024
	£	£
Accruals and deferred income	1,559	1,559

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

	30 April 2025	30 April 2024
	£	£
Bank loans	159,517	159,515
Directors loan account	236,109	134,785

	395,626	294,300

7. Secured Creditors

Of the creditors the following amounts are secured.

The bank loan is secured against Investment Property.

	30 April 2025		30 April 2024
	£		£
Bank loans and overdrafts	159,517		159,515

8. Share Capital

	30 April 2025	30 April 2024
	£	£
Allotted, Called up and fully paid	100	100

9. Reserves

	Fair value reserve	Profit and Loss Account
	£	£
As at 1 May 2024	(24,074 )	(13,093 )
Loss for the year and total comprehensive income	-	(1,891 )

Movements in fair value reserve	(4,814)	-
Transfer to/from Fair value reserve	-	4,813

As at 30 April 2025	(28,888 )	(10,171 )

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