Company No: 01082080 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	1,894		1,894
		1,894		1,894
Current assets
Debtors	4	7,662		8,049
Cash at bank and in hand		2,844		17,368
		10,506		25,417
Creditors: amounts falling due within one year	5	( 12,487)		( 17,673)
Net current (liabilities)/assets		(1,981)		7,744
Total assets less current liabilities		(87)		9,638
Net (liabilities)/assets		( 87)		9,638
Capital and reserves
Called-up share capital	6	16		16
Other reserves	7	2,729		16,914
Profit and loss account		( 2,832 )		( 7,292 )
Total shareholder's (deficit)/funds		( 87)		9,638

For the financial year ending 30 June 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Upper Garden Flats Limited (registered number: 01082080) were approved and authorised for issue by the Board of Directors on 21 October 2026. They were signed on its behalf by:

A D Benson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Upper Garden Flats Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Foxes Property Management, 6 Poole Hill, Bournemouth, BH2 5PS, United Kingdom. The principal place of business is Cheyne Court, 37 Surrey Road, Bournemouth, Dorset, BH4 9HR.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the maintenance contributions receivable from the residential lessees.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The directors consider that the freehold property is maintained in such a state of repair that the residual value is at least equal to the net book value. As a result, any depreciation would be immaterial and is therefore not charged in the profit and loss account.

Land and buildings

not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		5

3. Tangible assets

	Land and buildings		Total
	£		£
Cost
At 01 July 2025	1,894		1,894
At 30 June 2026	1,894		1,894
Accumulated depreciation
At 01 July 2025	0		0
At 30 June 2026	0		0
Net book value
At 30 June 2026	1,894		1,894
At 30 June 2025	1,894		1,894

4. Debtors

	2026		2025
	£		£
Trade debtors	100		3,000
Prepayments	3,983		5,049
Other debtors	3,579		0
	7,662		8,049

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	7,806		6,006
Other taxation and social security	64		114
Other creditors	4,617		11,553
	12,487		17,673

6. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
16 Ordinary shares of £ 1.00 each	16		16

7. Other reserves

	2026		2025
	£		£
Members contribution towards Freehold	1,825		1,825
Sinking Fund	904		15,089
	2,729		16,914