ACCOUNTS - Final Accounts

Analysis of the maturity of loans is given below:

Registered number: 15731053

UPHILL ROAD PROPERTIES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2025

UPHILL ROAD PROPERTIES LIMITED

REGISTERED NUMBER: 15731053

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£


Current assets
Stocks		2,648,311		2,479,060
Debtors: amounts falling due within one year	4	1,253		518
Cash at bank and in hand	5	326,078		314,904
		2,975,642		2,794,482
Creditors: amounts falling due within one year	6	(1,441,900)		(1,300,725)
Net current assets			1,533,742		1,493,757
Total assets less current liabilities			1,533,742		1,493,757
Creditors: amounts falling due after more than one year	7		(1,470,000)		(1,470,000)

Net assets			63,742		23,757

Capital and reserves
Called up share capital	9	1	1
Profit and loss account		63,741	23,756
		63,742	23,757

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

D Morrison

Director

Date: 24 July 2026

The notes on pages 2 to 4 form part of these financial statements.

Page 1

UPHILL ROAD PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

The Company is a private company limited by shares incorporated in England and Wales. The address of its Registered Office is The Old Grain Store, Bromley Lane, Much Hadham, Hertfordshire, SG10 6HU.

The financial statements cover the 12 months ended 31 December 2025, they are therefore not entirely comparable to the comparative figures which cover the 7 month period from incorporation to 31 December 2024.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rental income

Revenue for rental income is recognised in accordance with the terms stipulated in the leases with tenants.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 2

UPHILL ROAD PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Debtors

					2025	2024
					£	£


Other debtors	420	518
Prepayments and accrued income	833	-
	1,253	518

5.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	326,078	314,904

Page 3

UPHILL ROAD PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Amounts owed to group undertakings	1,419,381	1,282,173
Corporation tax	12,716	7,512
Accruals and deferred income	9,803	11,040
	1,441,900	1,300,725

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

	Bank loans	1,470,000	1,470,000

The bank loan is secured by a legal charge over the asset to which it relates together with a personal guarantee provided by one of the directors.



Amounts falling due 2-5 years
Bank loans	1,470,000	1,470,000

9.	Share capital
		2025	2024
		£	£

Allotted, called up and partly paid

1 (2024 - 1) Ordinary share of £1	1	1

10.	Controlling party

The immeditate and ultimate parent Company is Chaldean Properties Limited, a Company incorporated in England and Wales. The registered address of Chaldean Properties Limited is The Old Grain Store, Bromley Lane, Much Hadham, Hertfordshire, SG10 6HU.

Page 4