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REGISTERED NUMBER: 05735292 (England and Wales)


















Fraser Properties (Yorkshire) Limited

Unaudited Financial Statements for the Year Ended 31st March 2023






Fraser Properties (Yorkshire) Limited (Registered number: 05735292)






Contents of the Financial Statements
for the year ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fraser Properties (Yorkshire) Limited

Company Information
for the year ended 31st March 2023







DIRECTORS: A J Fraser
M C Fraser





REGISTERED OFFICE: Denby Hall Barn
Denby Hall Lane
Denby Dale
Huddersfield
West Yorkshire
HD8 8YL





REGISTERED NUMBER: 05735292 (England and Wales)





ACCOUNTANTS: Smailes Goldie Limited
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Fraser Properties (Yorkshire) Limited (Registered number: 05735292)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,139,116 1,216,402

CURRENT ASSETS
Stocks 4,800 2,300
Debtors 5 3,183 6,545
Cash at bank 53,062 68,579
61,045 77,424
CREDITORS
Amounts falling due within one year 6 182,875 244,433
NET CURRENT LIABILITIES (121,830 ) (167,009 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,017,286

1,049,393

CREDITORS
Amounts falling due after more than one
year

7

(1,198,266

)

(1,267,602

)

PROVISIONS FOR LIABILITIES (45,407 ) (48,255 )
NET LIABILITIES (226,387 ) (266,464 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (226,487 ) (266,564 )
(226,387 ) (266,464 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

Fraser Properties (Yorkshire) Limited (Registered number: 05735292)

Balance Sheet - continued
31st March 2023


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 12th September 2023 and were signed on its behalf by:





M C Fraser - Director


Fraser Properties (Yorkshire) Limited (Registered number: 05735292)

Notes to the Financial Statements
for the year ended 31st March 2023

1. STATUTORY INFORMATION

Fraser Properties (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 principal activities of the company during the year were acting as a commercial property landlord, energy provider and management services.

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.

Going concern
The financial statements have been prepared on a going concern basis as the shareholders have indicated their willingness to support the company for the foreseeable future.

Turnover
Rents receivable under operating leases are included within turnover on a straight line basis over the term of the lease. Energy costs are included within turnover based on the number of units of energy used in the year. All turnover is exclusive of Value Added Tax.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation
Depreciation of fixed assets is charged by annual instalments commencing with the year of acquisition at rates estimated to write off their cost less any residual value over the expected useful lives.

The annual rates used are as follows:

Land and buildingover the period of the lease
Plant and machinery5 - 25% on cost
Fixtures and fittings15% reducing balance
Computer
equipment

25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.


Fraser Properties (Yorkshire) Limited (Registered number: 05735292)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Debtors and creditors receivable/ payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

Fraser Properties (Yorkshire) Limited (Registered number: 05735292)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st April 2022 2,006,608 167,236 4,233 9,055 2,187,132
Additions - 950 - - 950
At 31st March 2023 2,006,608 168,186 4,233 9,055 2,188,082
DEPRECIATION
At 1st April 2022 911,317 56,466 731 2,216 970,730
Charge for year 66,887 8,560 525 2,264 78,236
At 31st March 2023 978,204 65,026 1,256 4,480 1,048,966
NET BOOK VALUE
At 31st March 2023 1,028,404 103,160 2,977 4,575 1,139,116
At 31st March 2022 1,095,291 110,770 3,502 6,839 1,216,402

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 512 475
Other debtors 114 -
Prepayments and accrued income 2,557 6,070
3,183 6,545

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 73,193 71,993
Trade creditors 2,086 2,107
Tax 23,926 14,423
Social security and other taxes - 2,631
VAT 21,603 24,460
Other creditors 15,283 83,404
Accruals and deferred income 46,784 45,415
182,875 244,433

Other creditors include a short-term loan from a shareholder. There are no formal terms in place therefore the balance £15,283 (2022 £83,404) is shown as repayable on demand.

Fraser Properties (Yorkshire) Limited (Registered number: 05735292)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 76,998 75,159
Bank loans - 2-5 years 255,887 246,150
Bank loans more 5 yr by instal 865,381 946,293
1,198,266 1,267,602

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 865,381 946,293

The controlling party has provided security for the bank loans of £1,271,459 (2022: £1,339,595) in the form of various properties.

Included within creditors: amounts falling due after more than one year is an amount of £865,381 (2022: £946,293) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.