Company Registration No. 12631592 (England and Wales)
YORK HOUSE TRADING LIMITED
Unaudited accounts
for the year ended 31 March 2023
YORK HOUSE TRADING LIMITED
Unaudited accounts
Contents
YORK HOUSE TRADING LIMITED
Company Information
for the year ended 31 March 2023
Directors
Peter Cameron
Spencer Leslie
Ali Ravanshad
Company Number
12631592 (England and Wales)
Registered Office
73 Cornhill
London
EC3V 3QQ
England
Accountants
Williams Stanley and Co
YORK HOUSE TRADING LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
63,874
62,223
Cash at bank and in hand
664
117,374
Creditors: amounts falling due within one year
(1,489,716)
(334,137)
Net current liabilities
(1,421,458)
(187,338)
Net liabilities
(1,357,584)
(125,115)
Called up share capital
100
100
Profit and loss account
(1,357,684)
(125,215)
Shareholders' funds
(1,357,584)
(125,115)
For the year ending 31 March 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
Spencer Leslie
Director
Company Registration No. 12631592
YORK HOUSE TRADING LIMITED
Notes to the Accounts
for the year ended 31 March 2023
YORK HOUSE TRADING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12631592. The registered office is 73 Cornhill, London, EC3V 3QQ, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
At the time of approving the financial statements, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
YORK HOUSE TRADING LIMITED
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Charge for the year
19,100
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
17,992
14,148
Amounts owed to group undertakings and other participating interests
1,152,297
-
Taxes and social security
4,403
7,721
The Ultimate Controlling Party is York House GP Limited who own 100% of the share capital in the company.
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Average number of employees
During the year the average number of employees was 0 (2022: 3).