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REGISTERED NUMBER: 08858304 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

R M English (Yorkshire) Limited

R M English (Yorkshire) Limited (Registered number: 08858304)






Contents of the Financial Statements
for the year ended 31 December 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


R M English (Yorkshire) Limited

Company Information
for the year ended 31 December 2022







DIRECTORS: S A Burley
J L Burley





REGISTERED OFFICE: 2 Railway Street
Pocklington
York
East Riding
YO42 2QZ





REGISTERED NUMBER: 08858304 (England and Wales)





ACCOUNTANTS: Fisher & Company Limited
Kingfisher House
65 Market Place
Market Weighton
York
East Riding of Yorks
YO43 3AN

R M English (Yorkshire) Limited (Registered number: 08858304)

Statement of Financial Position
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 24,945 44,945
Tangible assets 5 69,677 77,151
Investments 6 2,000 2,000
96,622 124,096

CURRENT ASSETS
Debtors 7 370,751 313,413
Cash at bank and in hand 222,830 250,126
593,581 563,539
CREDITORS
Amounts falling due within one year 8 419,268 438,709
NET CURRENT ASSETS 174,313 124,830
TOTAL ASSETS LESS CURRENT
LIABILITIES

270,935

248,926

CREDITORS
Amounts falling due after more than one
year

9

(30,116

)

-

PROVISIONS FOR LIABILITIES (13,239 ) (19,213 )
NET ASSETS 227,580 229,713

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 226,580 228,713
SHAREHOLDERS' FUNDS 227,580 229,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

R M English (Yorkshire) Limited (Registered number: 08858304)

Statement of Financial Position - continued
31 December 2022


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 Board of Directors and authorised for issue on 26 September 2023 and were signed on its behalf by:




S A Burley - Director



J L Burley - Director


R M English (Yorkshire) Limited (Registered number: 08858304)

Notes to the Financial Statements
for the year ended 31 December 2022

1. STATUTORY INFORMATION

R M English (Yorkshire) Limited 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.

No material uncertainties that may cast doubt about the ability of the company to continue as a going concern have been identified by the directors.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on the directors historical experience and knowledge as well as other factors which may be considered relevant, as a result the actual results may differ from these estimates.

The estimates and underlying assumptions applied are reviewed by the directors on an ongoing basis.

Revisions to these accounting estimates are recognised in the period to which the the revisions have been revised where these revisions affect only that period, or in the period of revision and future periods where this revision would affect both current and future periods.

No key sources of estimation uncertainty are noted by management that have a significant effect on the amounts recognised in the financial statements.

Revenue recognition
(i) Property commissions: Commissions become payable upon the agreed sale of properties concerned, other fees and charges outside of those agreed within the property sale commissions are charged either upon the completion of sale or withdrawal of the relevant properties from the market. Fees charged are on a credit basis and are net of Value Added Tax.

(ii) Rental commissions and fees: Commissions are payable monthly upon receipt of payment against the rents charged, inline with RICS rules and other legislation fees can only paid against monies received and are reported net of Value Added Tax.

(iii) Other income and fees: Fees are due when requested work has been agreed and completed, this is undertaken on a credit basis and are reported net of Value Added Tax.

(iv) Interest income: Interest income is recognised using the effective interest rate method.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

R M English (Yorkshire) Limited (Registered number: 08858304)

Notes to the Financial Statements - continued
for the year ended 31 December 2022

2. ACCOUNTING POLICIES - continued

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided on all property, plant and equipment, at rates calculated to write off the cost less estimated residual value, of each item on a systematic basis over their expected useful lives as follows:

Plant and equipment- 10% - 20% on reducing balance

Assets held under hire purchase agreements or finance leases are depreciated in the same way as owned assets.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount fo the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

R M English (Yorkshire) Limited (Registered number: 08858304)

Notes to the Financial Statements - continued
for the year ended 31 December 2022

2. ACCOUNTING POLICIES - continued

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.

Short-term employee benefits are recognised as an expense on the period they are incurred.

The obligations for contributions to the defined contribution schemes are recognised as an expense in the period they are incurred. The assets of the schemes are held separately from those of the company in independently administered funds.

Debtors and creditors receivable/payable within one year
i) Trade and other debtors:

Short term trade and other debtors are initially measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method, less any impairment.

ii) Trade and other creditors:

Short term trade and other creditors are initially measured at the transaction price, Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Related parties
For the purposes of these financial statements, a party is considered to be related to the company if:

(i) the party has the ability, directly or indirectly, through one or more intermediaries, to control the company or exercise significant influence over the company in the making of financial and operating policy decisions, or has overall or joint control over the company;

(ii) the company and the party are subject to common control;

(iii) the party is an associate of the company a joint venture in which the company is a party to;

(iv) the party is a member of key management personnel of the company or the company's parent, or a close family member of such an individual, or is an entity under the control, joint control or significant influence of such individuals;

(v) the party is a close family member of a party referred to within (i) or is an entity under the control, joint control or has significant influence of such individuals;

(vi) the party is a post-employment benefit plan which is for the benefit of employees of the company or of any entity that is a related party of the company;

(vii) the party, or any member of a group of which it is part of, provides key management personnel services to the company or the group.

Close family members of an individual are those family members who may be expected to influence or be influenced by, the relevant individuals in their dealings with the entity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2021 - 9 ) .

R M English (Yorkshire) Limited (Registered number: 08858304)

Notes to the Financial Statements - continued
for the year ended 31 December 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 200,000
AMORTISATION
At 1 January 2022 155,055
Charge for year 20,000
At 31 December 2022 175,055
NET BOOK VALUE
At 31 December 2022 24,945
At 31 December 2021 44,945

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 157,416
Additions 7,618
At 31 December 2022 165,034
DEPRECIATION
At 1 January 2022 80,265
Charge for year 15,092
At 31 December 2022 95,357
NET BOOK VALUE
At 31 December 2022 69,677
At 31 December 2021 77,151

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2022
and 31 December 2022 2,000
NET BOOK VALUE
At 31 December 2022 2,000
At 31 December 2021 2,000

R M English (Yorkshire) Limited (Registered number: 08858304)

Notes to the Financial Statements - continued
for the year ended 31 December 2022

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 94,122 67,363
Other debtors 276,629 246,050
370,751 313,413

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts (see note 10) 8,443 -
Trade creditors 107,629 3,725
Taxation and social security 30,236 18,141
Other creditors 272,960 416,843
419,268 438,709

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Hire purchase contracts (see note 10) 30,116 -

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2022 2021
£    £   
Net obligations repayable:
Within one year 8,443 -
Between one and five years 30,116 -
38,559 -

Non-cancellable operating leases
2022 2021
£    £   
Within one year 21,643 -
Between one and five years 20,732 15,287
42,375 15,287

R M English (Yorkshire) Limited (Registered number: 08858304)

Notes to the Financial Statements - continued
for the year ended 31 December 2022

11. PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of one of the directors'.

The scheme and its assets are held and managed by independent managers. The pension charge represents contributions due from the company and amounted to £12,000 (31 December 2021: £32,000).

The company operates a defined contribution pension scheme in respect of the employees.

The scheme and its assets are held and managed by independent managers. The pension charge represents contributions due from the company and amounted to £4,280 (31 December 2021: £4,475). At the balance sheet date, unpaid contributions of £990 (31 December 2021: £804) were due to the fund. They are included in other creditors.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Advances or credits have been granted by the company to its directors as follows:

The loans are unsecured and are repayable on demand, interest is charged when the balance owed by the directors exceeds H M Revenue and Customs beneficial loan limits.


Description
%
Rate

Opening

Amounts

Amounts

Interest

Closing
BalanceAdvancedRepaidChargedBalance
£££££

Directors Loan2.00(147,724)150,328--2,604


13. RELATED PARTY DISCLOSURES

The controlling party is S A Burley.

The ultimate controlling party is S A Burley.

No party has individual overall control over the company, however the above holds 50% of the issued share capital and due to the level of day to day involvement has effectively overall control.