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Company Registration No. 13377882 (England and Wales)
YCJP Limited Unaudited accounts for the year ended 31 May 2023
YCJP Limited Unaudited accounts Contents
Page
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YCJP Limited Company Information for the year ended 31 May 2023
Directors
Jack Povey Yu-Chun Dai
Secretary
Yu-Chun Dai
Company Number
13377882 (England and Wales)
Registered Office
82 Queensway Tiverton Devon EX16 6JQ England
Accountants
Cosmos Accounting Limited 82 Queensway Tiverton Devon EX16 6JQ
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YCJP Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,020 
- 
Investment property
773,400 
773,400 
777,420 
773,400 
Current assets
Debtors
- 
1,387 
Cash at bank and in hand
3,296 
7,289 
3,296 
8,676 
Creditors: amounts falling due within one year
(426,536)
(429,640)
Net current liabilities
(423,240)
(420,964)
Total assets less current liabilities
354,180 
352,436 
Creditors: amounts falling due after more than one year
(355,247)
(355,241)
Provisions for liabilities
Deferred tax
(764)
- 
Net liabilities
(1,831)
(2,805)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(1,833)
(2,807)
Shareholders' funds
(1,831)
(2,805)
For the year ending 31 May 2023 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 3 October 2023 and were signed on its behalf by
Jack Povey Director Company Registration No. 13377882
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YCJP Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
YCJP Limited is a private company, limited by shares, registered in England and Wales, registration number 13377882. The registered office is 82 Queensway, Tiverton, Devon, EX16 6JQ, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention except certain assets which will be modified by revaluation when required to show a fair value. Being a first year no revaluation has been required.
Presentation currency
The accounts are presented in £ sterling.
Going concern
At the balance sheet date the company had a net liability position to the value of £1,830. The directors have pledged to support the company for the foreseeable future.
Depreciation
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually from the directors. Any changes in fair value are recognised in the profit and loss. This policy is in accordance with FRS102.
Land & buildings
No depreciation
Plant & machinery
20% reducing balance basis
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YCJP Limited Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2022
- 
Additions
4,606 
At 31 May 2023
4,606 
Depreciation
Charge for the year
586 
At 31 May 2023
586 
Net book value
At 31 May 2023
4,020 
5
Investment property
2023 
£ 
Fair value at 1 June 2022
773,400 
At 31 May 2023
773,400 
Both properties were purchased by the company in the previous financial year and will still be considered a market value. The directors believe that no revaluation is required at this time, but will be done within the next 1-3 years, whenever the difference will be material to present a fair value.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
387 
Amounts falling due after more than one year
Other debtors
- 
1,000 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
12 
27 
Trade creditors
322 
189 
Taxes and social security
173 
- 
Loans from directors
426,029 
428,574 
Accruals
- 
850 
426,536 
429,640 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
355,247 
355,241 
Aggregate of amounts that fall due for payment after five years
355,112 
355,157 
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YCJP Limited Notes to the Accounts for the year ended 31 May 2023
9
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
764 
- 
Tax losses carried forward
- 
(387)
764 
(387)
2023 
2022 
£ 
£ 
Provision at start of year
(387)
- 
Charged/(credited) to the profit and loss account
1,151 
(387)
Provision at end of year
764 
(387)
10
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
11
Controlling party
The ultimate controlling party is Mr Jack Povey and Miss Yu-Chun Dai.
12
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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