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Registered number: 06612118
The Upham Brush Company Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Behegan Lynes
Accountancy & Taxation Advisers
Bank Chambers
Brook Street
Bishops Waltham
Hampshire
SO32 1AX
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 06612118
31 December 2025 31 December 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,061 14,681
Investment Properties 5 490,000 490,000
501,061 504,681
CURRENT ASSETS
Debtors 6 2,678 1,835
Cash at bank and in hand 29,647 2,621
32,325 4,456
Creditors: Amounts Falling Due Within One Year 7 (8,009 ) (11,828 )
NET CURRENT ASSETS (LIABILITIES) 24,316 (7,372 )
TOTAL ASSETS LESS CURRENT LIABILITIES 525,377 497,309
Creditors: Amounts Falling Due After More Than One Year 8 (571,706 ) (555,714 )
NET LIABILITIES (46,329 ) (58,405 )
CAPITAL AND RESERVES
Called up share capital 9 204,452 204,452
Share premium account 27,750 27,750
Income Statement (278,531 ) (290,607 )
SHAREHOLDERS' FUNDS (46,329) (58,405)
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Page 2
For the year ending 31 December 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 Income Statement.
On behalf of the board
Mrs C S Le May
Director
13 October 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The Upham Brush Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06612118 . The registered office is Bank Chambers, Brook Street, Bishops Waltham, Southampton, Hampshire, SO32 1AX.
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. Going Concern Disclosure
The directors have assessed the Balance Sheet covering a period of 12 months from the date of approval of these financial statements, The directors note that the business has net liabilities. The Company is supported through loans from shareholders. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the shareholders will continue to support the Company.
Based on this ongoing financial support, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements. directors have assessed the Statement of Financial Position covering a period of 12 months from the date of approval of these financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business. Turnover is reduced for discounts given, rebates and other similar allowances.
Rental income is recognised on an accruals basis in accordance with the relevant rental agreements.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures, Fittings & Equipment 5 years straight line
2.5. 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 income statement.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Finance costs
All borrowing costs are recognised in the statement of income and retained earnings in the year in which they are incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 4)
3 4
4. Tangible Assets
Fixtures, Fittings & Equipment
£
Cost
As at 1 January 2025 36,473
As at 31 December 2025 36,473
...CONTINUED
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Depreciation
As at 1 January 2025 21,792
Provided during the period 3,620
As at 31 December 2025 25,412
Net Book Value
As at 31 December 2025 11,061
As at 1 January 2025 14,681
5. Investment Property
31 December 2025
£
Fair Value
As at 1 January 2025 and 31 December 2025 490,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
31 December 2025 31 December 2024
£ £
Cost 750,000 750,000
The property was last valued on 4 June 2024 by Christie & Co. on an open market value for existing use basis. The directors are satisfied that there has been no change in value since this date.
6. Debtors
31 December 2025 31 December 2024
£ £
Due within one year
Trade debtors 342 -
Other debtors 2,336 1,835
2,678 1,835
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7. Creditors: Amounts Falling Due Within One Year
31 December 2025 31 December 2024
£ £
Other creditors 8,009 11,828
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2025 31 December 2024
£ £
Other creditors 571,706 555,714
9. Share Capital
31 December 2025 31 December 2024
Allotted, called up and fully paid £ £
204,452 Ordinary Shares of £ 1.00 each 204,452 204,452
10. Related Party Transactions
The amounts including within 'other creditors due after more than one year' are amounts owed to the shareholders, a total of £571,706 (2024 : £555,714).  Interest is charged on an element of these loans at a rate that is considered to be at a fair market value linked to bank mortgage rates.
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