Upper Estates Ltd - Filleted accounts

Registered number

12003730

Upper Estates Ltd

Filleted Accounts

31 January 2025

Upper Estates Ltd
Registered number:		12003730
Balance Sheet
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Investment property	3		1,250,000			1,250,000

Current assets
Debtors	4	148			3,268
Cash at bank and in hand		32			93
		180			3,361

Creditors: amounts falling due within one year	5	(142,332)			(246,168)

Net current liabilities			(142,152)			(242,807)

Total assets less current liabilities			1,107,848			1,007,193

Creditors: amounts falling due after more than one year	6		(911,998)			(763,528)

Provisions for liabilities	8		(67,211)			(67,211)


Net assets			128,639			176,454

Capital and reserves
Called up share capital			1			1
Other reserves	8		201,634			201,634
Profit and loss account			(72,996)			(25,181)

Shareholder's funds			128,639			176,454

The directors are 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 directors acknowledge their 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.




J Friedman
Director
Approved by the board on 9 January 2026

Upper Estates Ltd
Notes to the Accounts
for the year ended 31 January 2025


1	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 (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

	Investment property
	Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the 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 as the amount of tax payable using 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 timing differences.
	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.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	0		0


3	Investment Property
				Land and buildings
£
	Cost
	At 1 February 2024			1,250,000
	At 31 January 2025			1,250,000

	Depreciation
	At 31 January 2025			-

	Fair Value and Net Book Value
	At 31 January 2025			1,250,000
	At 31 January 2024			1,250,000

	The fair value of the investment property has been arrived at on the basis of a valuation carried out at the year end by the director. The valuation was made on an open market basis by reference to market evidence of transaction prices for similar properties.


4	Debtors	2025		2024
£			£

	Trade debtors	-		3,120
	Other debtors	148		148
		148		3,268


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

	Trade creditors	4,467		66
	Other creditors	137,865		246,102
		142,332		246,168


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

	Bank loans	911,998		763,528

	The bank loan includes an amount of £883,435 (2024: £728,921) which is secured by way of a legal charge over the investment property of the company.


7	Bank loans	2025		2024
£			£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years	911,998		763,528


8	Revaluation reserve	2025		2024
£			£

	At 1 February 2024	201,634		136,765
	Gain on revaluation of investment property			100,000
	Deferred taxation arising on the revaluation of investment property			(35,131)

	At 31 January 2025	201,634		201,634


8	Provision for liabilities	2025		2024
£			£

	At 1 February 2024	67,211		32,080
	Deferred tax provided in the year			35,131

	At 31 January 2025	67,211		67,211


9	Other information

	Upper Estates Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	16c Urban Hive
	Theydon Road
	London
	E5 9BQ


10	Related party disclosure

	Included within other creditors is an amount of £134,385 (2024: £241,623) due to Bellview Estates Ltd, a company in which J Friedman is a director and shareholder. There are no terms as to interest or repayment in respect of this balance.