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REGISTERED NUMBER: 06624281 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 December 2021

for

YUPELET 2 LTD

YUPELET 2 LTD (REGISTERED NUMBER: 06624281)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YUPELET 2 LTD

Company Information
for the Year Ended 31 December 2021







DIRECTOR: Jason Christopher Coleman





REGISTERED OFFICE: Cleveland House
1-10 Sitwell Street
KINGSTON UPON HULL
East Yorkshire
HU8 7BE





REGISTERED NUMBER: 06624281 (England and Wales)





ACCOUNTANTS: G & C Professionals Limited
trading as Graham & Company
Chartered Certified Accountants
& Business Advisers
Cleveland House
1-10 Sitwell Street
KINGSTON UPON HULL
East Yorkshire
HU8 7BE

YUPELET 2 LTD (REGISTERED NUMBER: 06624281)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,050,000 4,050,000

CURRENT ASSETS
Debtors 5 94,983 62,252
Cash at bank 15,127 50,851
110,110 113,103
CREDITORS
Amounts falling due within one year 6 32,408 16,132
NET CURRENT ASSETS 77,702 96,971
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,127,702

4,146,971

CREDITORS
Amounts falling due after more than one
year

7

2,671,902

2,681,053
NET ASSETS 1,455,800 1,465,918

CAPITAL AND RESERVES
Called up share capital 9 50 50
Revaluation reserve 10 1,200,669 1,200,669
Capital redemption reserve 10 50 50
Retained earnings 10 255,031 265,149
SHAREHOLDERS' FUNDS 1,455,800 1,465,918

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

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

The director acknowledges his 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.

YUPELET 2 LTD (REGISTERED NUMBER: 06624281)

Balance Sheet - continued
31 December 2021


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

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 16 August 2022 and were signed by:





Jason Christopher Coleman - Director


YUPELET 2 LTD (REGISTERED NUMBER: 06624281)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

YUPELET 2 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.

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
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Investment properties and their contents are reviewed on an annual basis and revalued, where appropriate, so that they are shown on the balance sheet at their open market value. The valuations are carried out by the company's director. In accordance with Statement of Standard Accounting Practice Number 19, depreciation is only provided in respect of a permanent fall in the value of the company's investment assets . These assets are held for their investment potential and the director considers that the adoption of this policy is necessary in order to give a true and fair view.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 January 2021
and 31 December 2021 3,930,000 195,540 4,125,540
DEPRECIATION
At 1 January 2021
and 31 December 2021 - 75,540 75,540
NET BOOK VALUE
At 31 December 2021 3,930,000 120,000 4,050,000
At 31 December 2020 3,930,000 120,000 4,050,000

YUPELET 2 LTD (REGISTERED NUMBER: 06624281)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2021 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2017 452,326 - 452,326
Valuation in 2012 982,356 - 982,356
Cost 2,495,318 195,540 2,690,858
3,930,000 195,540 4,125,540

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 1,914 -
Other debtors 86,213 61,237
Prepayments 6,856 1,015
94,983 62,252

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts (see note 8) 10,000 2,500
Trade creditors 5,655 3,405
Corporation tax 8,886 8,067
Other creditors 3,454 -
Accrued expenses 4,413 2,160
32,408 16,132

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans (see note 8) 38,333 47,500
Other loans (see note 8) 2,633,569 2,633,553
2,671,902 2,681,053

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Property mortgages 2,633,569 2,633,553

Repayable by instalments
Bank loans payable in more than five
years

-

7,500

YUPELET 2 LTD (REGISTERED NUMBER: 06624281)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

8. LOANS

An analysis of the maturity of loans is given below:

2021 2020
£    £   
Amounts falling due within one year or on demand:
Bank loans payable in less
than one year 10,000 2,500
10,000 2,500

Amounts falling due between one and two years:
Bank loans payable in one to two years 10,000 10,000

Amounts falling due between two and five years:
Bank loans payable in two to five years 28,333 30,000

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Property mortgages 2,633,569 2,633,553

Repayable by instalments
Bank loans payable in more than five
years

-

7,500

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
50 Ordinary £1 50 50

10. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 January 2021 265,149 1,200,669 50 1,465,868
Profit for the year 37,882 37,882
Dividends (48,000 ) (48,000 )
At 31 December 2021 255,031 1,200,669 50 1,455,750