Company registration number 02009364 (England and Wales)
Upward Developments (West Midlands) Ltd
Financial Statements
For the year ended 30 September 2025
Upward Developments (West Midlands) Ltd
Contents
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
Upward Developments (West Midlands) Ltd
Statement Of Financial Position
As at 30 September 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
114
151
Current assets
Debtors
4
9,770
16,043
Cash at bank and in hand
41,753
73,975
51,523
90,018
Creditors: amounts falling due within one year
5
(122,088)
(164,262)
Net current liabilities
(70,565)
(74,244)
Net liabilities
(70,451)
(74,093)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(70,453)
(74,095)
Total equity
(70,451)
(74,093)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 June 2026 and are signed on its behalf by:
Mr S M Griffiths
Director
Company registration number 02009364 (England and Wales)
Upward Developments (West Midlands) Ltd
Statement of changes in equity
For the year ended 30 September 2025
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 October 2023
2
(99,118)
(99,116)
Year ended 30 September 2024:
Profit and total comprehensive income
-
25,023
25,023
Balance at 30 September 2024
2
(74,095)
(74,093)
Year ended 30 September 2025:
Profit and total comprehensive income
-
3,642
3,642
Balance at 30 September 2025
2
(70,453)
(70,451)
Upward Developments (West Midlands) Ltd
Notes to the financial statements
For the year ended 30 September 2025
- 3 -
1
Accounting policies
Company information

Upward Developments (West Midlands) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Bloxwich Hall, Elmore Court, Elmore Green Road, Walsall, West Midlands, England, WS3 2QW.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

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

1.3
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% on reducing balance
Computers
25% on reducing balance
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Upward Developments (West Midlands) Ltd
Notes to the financial statements (continued)
For the year ended 30 September 2025
1
Accounting policies
(Continued)
- 4 -

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 October 2024 and 30 September 2025
1,173
4,373
5,546
Depreciation and impairment
At 1 October 2024
1,114
4,281
5,395
Depreciation charged in the year
15
22
37
At 30 September 2025
1,129
4,303
5,432
Carrying amount
At 30 September 2025
44
70
114
At 30 September 2024
59
92
151
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
9,584
15,297
Other debtors
186
746
9,770
16,043
Upward Developments (West Midlands) Ltd
Notes to the financial statements (continued)
For the year ended 30 September 2025
- 5 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
38,998
11,721
Amounts owed to group undertakings
78,575
140,031
Corporation tax
861
8,200
Other taxation and social security
384
1,190
Other creditors
3,270
3,120
122,088
164,262
6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 September 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Mark Howell FCA
Statutory Auditor:
DJH Audit Limited
Date of audit report:
23 June 2026
7
Directors' Advances, Credits and Guarantees

The following advances and credits to a director subsisted during the years ended 30 September 2025 and 30 September 2024:

2025 2024

£ £

N C Drury

Balance outstanding at start of year 47 47

Amounts repaid

Amounts written off

Amounts waived

Balance outstanding at end of year 47 47

Upward Developments (West Midlands) Ltd
Notes to the financial statements (continued)
For the year ended 30 September 2025
- 6 -
8
Related party transactions

Transactions with directors

At 30 September 2025 the company was owed £47 (2024: £47 owed) from the directors.

N&C Enterprises Limited

A company in which N Drury is a director

The amount due by the related party at the balance sheet date was £1,153 (2024: £1,153).

Upward (Property Estates) Limited

A company under common control.

During the year the company recharged the related party building development work amounting to £196,408 (2024: £139,764).

The amount due from the related party at the balance sheet date was £77,422 (2024: £138,877).

Upward Care Limited

A company under common control.

During the year the company recharged expenses of £7,879 (2024: £Nil)

The amount due from the related party at the balance sheet date was £556 (2024: £6,541).

9
Parent company

The ultimate parent company of Upward Developments (West Midlands) Limited is Upward Enterprises Limited, a company with a principal place of business at Bloxwich Hall, Elmore Court, Elmore Green Road, Walsall, West Midlands WS3 2QW.

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