Company Registration No. 11218309 (England and Wales)
Youngman Lets Ltd
Unaudited accounts
for the year ended 30 April 2022
Youngman Lets Ltd
Unaudited accounts
Contents
Youngman Lets Ltd
Company Information
for the year ended 30 April 2022
Directors
Raymond Youngman
Danielle Youngman
Company Number
11218309 (England and Wales)
Registered Office
15 HILL HALL
THEYDON MOUNT
EPPING
CM16 7QQ
ENGLAND
Accountants
JSM Partners
Brightfield Business Hub
Bakewell Road
Peterborough
Cambridgeshire
PE2 6XU
Youngman Lets Ltd
Statement of financial position
as at 30 April 2022
Tangible assets
569,763
560,016
Cash at bank and in hand
4,423
14,962
Creditors: amounts falling due within one year
(29,928)
(50,679)
Net current liabilities
(7,375)
(35,717)
Total assets less current liabilities
562,849
524,299
Creditors: amounts falling due after more than one year
(609,694)
(563,503)
Net liabilities
(46,845)
(39,204)
Called up share capital
2
2
Profit and loss account
(46,847)
(39,206)
Shareholders' funds
(46,845)
(39,204)
For the year ending 30 April 2022 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 August 2022 and were signed on its behalf by
Danielle Youngman
Director
Company Registration No. 11218309
Youngman Lets Ltd
Notes to the Accounts
for the year ended 30 April 2022
Youngman Lets Ltd is a private company, limited by shares, registered in England and Wales, registration number 11218309. The registered office is 15 HILL HALL, THEYDON MOUNT, EPPING, CM16 7QQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2021
552,933
6,512
1,280
560,725
Additions
10,874
988
-
11,862
At 30 April 2022
563,807
7,500
1,280
572,587
At 1 May 2021
-
665
44
709
Charge for the year
-
1,795
320
2,115
At 30 April 2022
-
2,460
364
2,824
At 30 April 2022
563,807
5,040
916
569,763
At 30 April 2021
552,933
5,847
1,236
560,016
5
Investments
Other investments
Valuation at 30 April 2022
461
Youngman Lets Ltd
Notes to the Accounts
for the year ended 30 April 2022
6
Debtors: amounts falling due within one year
2022
2021
Accrued income and prepayments
1,130
-
Debtors: amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2022
2021
Other creditors
8,666
8,668
Loans from directors
21,262
42,011
8
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
609,694
538,503
During the year loans totalling £21,262.00 were received from the directors. These remain outstanding at the year end and are interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 2 (2021: 2).