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REGISTERED NUMBER: 10992276 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2021

FOR

YOKE PROPERTIES LTD

YOKE PROPERTIES LTD (REGISTERED NUMBER: 10992276)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2021




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


YOKE PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2021







DIRECTOR: Mrs L Young





REGISTERED OFFICE: 2 Sunset View
Alkington Road
Whitchurch
SY13 1TA





REGISTERED NUMBER: 10992276 (England and Wales)





ACCOUNTANTS: Stanton Ralph & Co Limited
Chartered Accountants
The Old Police Station
Whitburn Street
Bridgnorth
Shropshire
WV16 4QP

YOKE PROPERTIES LTD (REGISTERED NUMBER: 10992276)

ABRIDGED BALANCE SHEET
31ST OCTOBER 2021

31.10.20 31.10.21
£    £    Notes £    £   
FIXED ASSETS
231,500 Investment property 4 261,500

CURRENT ASSETS
319 Debtors 199
- Cash at bank 3,217
319 3,416
CREDITORS
16,662 Amounts falling due within one year 16,467
(16,343 ) NET CURRENT LIABILITIES (13,051 )

215,157
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,449

CREDITORS

(182,664

)
Amounts falling due after more than one
year

5

(184,059

)

(5,605 ) PROVISIONS FOR LIABILITIES (11,305 )
26,888 NET ASSETS 53,085

CAPITAL AND RESERVES
2 Called up share capital 2
26,886 Retained earnings 53,083
26,888 53,085

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

YOKE PROPERTIES LTD (REGISTERED NUMBER: 10992276)

ABRIDGED BALANCE SHEET - continued
31ST OCTOBER 2021


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st October 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13th May 2022 and were signed by:





Mrs L Young - Director


YOKE PROPERTIES LTD (REGISTERED NUMBER: 10992276)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2021

1. STATUTORY INFORMATION

Yoke Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

YOKE PROPERTIES LTD (REGISTERED NUMBER: 10992276)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2021

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2020 231,500
Revaluations 30,000
At 31st October 2021 261,500
NET BOOK VALUE
At 31st October 2021 261,500
At 31st October 2020 231,500

Fair value at 31st October 2021 is represented by:
£   
Valuation in 2020 165,000
Valuation in 2020 66,500
Valuation in 2021 30,000
261,500

If investment property had not been revalued it would have been included at the following historical cost:

31.10.21 31.10.20
£    £   
Cost 201,998 201,998

The investment properties have been revalued to fair value based on the directors opinions.

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.10.21 31.10.20
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 79,930 84,467

6. SECURED DEBTS

The following secured debts are included within creditors:

31.10.21 31.10.20
£    £   
Bank loans 100,755 104,677

The bank loans are secured on the investment properties.