YZ PROPERTIES LIMITED |
Notes to the Accounts |
for the year ended 31 January 2023 |
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Investment property |
|
Investment property is shown at most recent valuations. Any aggregagate surplus or deficit arising from changes in fair value is recognised in the profit and loss account. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
|
3 |
Investment property |
|
Other |
investments |
£ |
|
At cost |
|
At 1 February 2022 |
273,943 |
|
|
At 31 January 2023 |
273,943 |
|
|
|
4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Other debtors |
2,350 |
|
2,350 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Taxation and social security costs |
1,252 |
|
2,069 |
|
Director's Loan Account |
262,259 |
|
269,970 |
|
Other creditors |
2,350 |
|
2,350 |
|
Accruals |
720 |
|
600 |
|
|
|
|
|
|
266,581 |
|
274,989 |
|
|
|
|
|
|
|
|
|
|
|
6 |
Other information |
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|
YZ PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
15 Abbotsleigh Avenue, |
|
Manchester |
|
M23 9RP |