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REGISTERED NUMBER: 03735224 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Yttrium Limited

Yttrium Limited (Registered number: 03735224)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Yttrium Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P J Lunnon
A Noss Boyd





REGISTERED OFFICE: 5 Bobbies bank
Whitby
North Yorkshire
YO21 1EF





REGISTERED NUMBER: 03735224 (England and Wales)





ACCOUNTANTS: Wasley Chapman LLP
Chartered Accountants
5 Bobbies Bank
Whitby
North Yorkshire
YO21 1EF

Yttrium Limited (Registered number: 03735224)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,763,527 11,376,881
Investments 5 12 12
11,763,539 11,376,893

CURRENT ASSETS
Debtors 6 73,473 28,471
Cash at bank 217,973 170,611
291,446 199,082
CREDITORS
Amounts falling due within one year 7 921,515 638,450
NET CURRENT LIABILITIES (630,069 ) (439,368 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,133,470

10,937,525

CREDITORS
Amounts falling due after more than one
year

8

(597,023

)

(859,290

)

PROVISIONS FOR LIABILITIES (897,084 ) (897,084 )

ACCRUALS AND DEFERRED INCOME (183,746 ) (190,530 )
NET ASSETS 9,455,617 8,990,621

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9,455,517 8,990,521
9,455,617 8,990,621

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

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

Yttrium Limited (Registered number: 03735224)

Balance Sheet - continued
31 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 7 November 2023 and were signed on its behalf by:





P J Lunnon - Director


Yttrium Limited (Registered number: 03735224)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Yttrium 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - not provided
Fixtures and fittings - 15% on cost and 15% on reducing balance

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Yttrium Limited (Registered number: 03735224)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Long and
property leasehold fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2022 3,486,548 7,870,917 85,996 11,443,461
Additions - 391,054 - 391,054
At 31 March 2023 3,486,548 8,261,971 85,996 11,834,515
DEPRECIATION
At 1 April 2022 - - 66,580 66,580
Charge for year - - 4,408 4,408
At 31 March 2023 - - 70,988 70,988
NET BOOK VALUE
At 31 March 2023 3,486,548 8,261,971 15,008 11,763,527
At 31 March 2022 3,486,548 7,870,917 19,416 11,376,881

Cost or valuation at 31 March 2023 is represented by:

Fixtures
Freehold Long and
property leasehold fittings Totals
£    £    £    £   
Valuation in 2023 3,486,548 8,261,971 85,996 11,834,515

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 12
NET BOOK VALUE
At 31 March 2023 12
At 31 March 2022 12

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 32,257 857
Other debtors 41,216 27,614
73,473 28,471

Yttrium Limited (Registered number: 03735224)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 271,895 271,895
Taxation and social security 175,837 141,247
Other creditors 473,783 225,308
921,515 638,450

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 597,023 859,290

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 73,081