IRIS Accounts Production v22.2.0.402 06336787 director 1.1.21 31.12.21 31.12.21 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure063367872020-12-31063367872021-12-31063367872021-01-012021-12-31063367872019-12-31063367872020-01-012020-12-31063367872020-12-3106336787ns16:EnglandWales2021-01-012021-12-3106336787ns15:PoundSterling2021-01-012021-12-3106336787ns11:Director12021-01-012021-12-3106336787ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3106336787ns11:SmallEntities2021-01-012021-12-3106336787ns11:AuditExempt-NoAccountantsReport2021-01-012021-12-3106336787ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3106336787ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3106336787ns11:FullAccounts2021-01-012021-12-3106336787ns11:OrdinaryShareClass12021-01-012021-12-3106336787ns11:RegisteredOffice2021-01-012021-12-3106336787ns6:CurrentFinancialInstruments2021-12-3106336787ns6:CurrentFinancialInstruments2020-12-3106336787ns6:Non-currentFinancialInstruments2021-12-3106336787ns6:Non-currentFinancialInstruments2020-12-3106336787ns6:ShareCapital2021-12-3106336787ns6:ShareCapital2020-12-3106336787ns6:RetainedEarningsAccumulatedLosses2021-12-3106336787ns6:RetainedEarningsAccumulatedLosses2020-12-3106336787ns6:OwnedOrFreeholdAssetsns6:LandBuildings2021-01-012021-12-3106336787ns6:LongLeaseholdAssetsns6:LandBuildings2021-01-012021-12-3106336787ns6:FurnitureFittings2021-01-012021-12-3106336787ns6:MotorVehicles2021-01-012021-12-3106336787ns6:LandBuildings2020-12-3106336787ns6:LongLeaseholdAssetsns6:LandBuildings2020-12-3106336787ns6:FurnitureFittings2020-12-3106336787ns6:MotorVehicles2020-12-3106336787ns6:LandBuildings2021-01-012021-12-3106336787ns6:LandBuildings2021-12-3106336787ns6:LongLeaseholdAssetsns6:LandBuildings2021-12-3106336787ns6:FurnitureFittings2021-12-3106336787ns6:MotorVehicles2021-12-3106336787ns6:LandBuildings2020-12-3106336787ns6:LongLeaseholdAssetsns6:LandBuildings2020-12-3106336787ns6:FurnitureFittings2020-12-3106336787ns6:MotorVehicles2020-12-3106336787ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3106336787ns6:WithinOneYearns6:CurrentFinancialInstruments2020-12-3106336787ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2021-12-3106336787ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2020-12-3106336787ns6:Non-currentFinancialInstruments2021-01-012021-12-3106336787ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2021-12-3106336787ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2020-12-3106336787ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2021-12-3106336787ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2020-12-3106336787ns6:Secured2021-12-3106336787ns6:Secured2020-12-3106336787ns11:OrdinaryShareClass12021-12-3106336787ns6:RetainedEarningsAccumulatedLosses2020-12-3106336787ns6:RetainedEarningsAccumulatedLosses2021-01-012021-12-31
REGISTERED NUMBER: 06336787 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 December 2021

for

YUPELET LTD

YUPELET LTD (REGISTERED NUMBER: 06336787)






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 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: 06336787 (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 LTD (REGISTERED NUMBER: 06336787)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,281,828 2,282,828

CURRENT ASSETS
Debtors 5 304,966 228,614
Cash at bank 12,236 57,755
317,202 286,369
CREDITORS
Amounts falling due within one year 6 33,599 26,876
NET CURRENT ASSETS 283,603 259,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,565,431

2,542,321

CREDITORS
Amounts falling due after more than one
year

7

2,236,209

2,245,437
NET ASSETS 329,222 296,884

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 329,122 296,784
SHAREHOLDERS' FUNDS 329,222 296,884

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 LTD (REGISTERED NUMBER: 06336787)

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 LTD (REGISTERED NUMBER: 06336787)

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

1. STATUTORY INFORMATION

YUPELET 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Long leasehold - not provided
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 4 ) .

YUPELET LTD (REGISTERED NUMBER: 06336787)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Long and Motor
property leasehold fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2021 1,938,322 323,506 90,163 12,488 2,364,479
Disposals - - - (12,488 ) (12,488 )
At 31 December 2021 1,938,322 323,506 90,163 - 2,351,991
DEPRECIATION
At 1 January 2021 - - 70,163 11,488 81,651
Eliminated on disposal - - - (11,488 ) (11,488 )
At 31 December 2021 - - 70,163 - 70,163
NET BOOK VALUE
At 31 December 2021 1,938,322 323,506 20,000 - 2,281,828
At 31 December 2020 1,938,322 323,506 20,000 1,000 2,282,828

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 2,778 -
Payments in advance - 107
Other debtors 296,682 225,981
Prepayments 5,506 2,526
304,966 228,614

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts (see note 8) 10,000 2,500
Trade creditors 8,408 10,838
Corporation tax 7,820 10,739
Social security and other taxes - 392
Other creditors 1,400 247
Accrued expenses 5,971 2,160
33,599 26,876

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) 2,197,876 2,197,937
2,236,209 2,245,437

YUPELET LTD (REGISTERED NUMBER: 06336787)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2021 2020
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Property mortgages 2,197,876 2,197,937

Repayable by instalments
Bank loans payable in more than five
years

-

7,500

Other loans relate to funds provided by the director and his associates to finance initial property purchase and refurbishment costs.

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 2,197,876 2,197,937

Repayable by instalments
Bank loans payable in more than five
years

-

7,500

YUPELET LTD (REGISTERED NUMBER: 06336787)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loans 48,333 50,000
Property mortgages 2,197,876 2,197,937
2,246,209 2,247,937

The bank loans represent commercial mortgages secured by a first charge over the various properties purchased by the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 January 2021 296,784
Profit for the year 32,338
At 31 December 2021 329,122