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Registration number: 1833724

Yarwood Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

Yarwood Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Yarwood Limited

(Registration number: 1833724)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

28,335

28,335

Current assets

 

Debtors

5

1,213,653

1,213,653

Net assets

 

1,241,988

1,241,988

Capital and reserves

 

Called up share capital

6

707,102

707,102

Share premium reserve

12,702

12,702

Other reserves

302,864

302,864

Retained earnings

219,320

219,320

Shareholders' funds

 

1,241,988

1,241,988

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 November 2023
 

.........................................
Mr John Lewis Nicholls
Director

 

Yarwood Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Treefield Industrial Estate
Gelderd Road
Gildersome
Leeds
West Yorkshire
LS27 7JU
England

These financial statements were authorised for issue by the director on 8 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Yarwood Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

4

Investments

2023
£

2022
£

Investments in subsidiaries

28,335

28,335

Subsidiaries

£

Cost or valuation

At 1 March 2022

28,335

Provision

Carrying amount

At 28 February 2023

28,335

At 28 February 2022

28,335

Subsidiaries

£

Fair value

At 1 March 2022

28,335

At 28 February 2023

28,335

5

Debtors

Note

2023
£

2022
£

Amounts owed by related parties

1,213,651

1,213,651

Other debtors

 

2

2

 

1,213,653

1,213,653

6

Share capital

Allotted, called up and fully paid shares

 

Yarwood Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

707,102

707,102

707,102

707,102

         

7

Dividends

Final dividends paid

   

2023
£

 

2022
£

Final dividend of £0.268 (2022 - £0.127) per each Ordinary shares

 

190,000

 

90,000

         

Reconciliation to Dividends categories

Total assigned to category SOCIE 2 1

 

150000

 

90000

Difference to be corrected

 

40,000

 

-

8

Parent and ultimate parent undertaking

The company's immediate parent is Yarwood 2000 Limited, incorporated in England.