Registered number
01280712
Yorkshire Capital Properties Limited
Filleted Accounts
31 March 2023
Yorkshire Capital Properties Limited
Registered number: 01280712
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 676,684 665,057
Current assets
Stocks 49,900 22,300
Cash at bank and in hand 795 1,003
50,695 23,303
Creditors: amounts falling due within one year 4 (184,537) (149,749)
Net current liabilities (133,842) (126,446)
Net assets 542,842 538,611
Capital and reserves
Share premium 100 100
Profit and loss account 542,742 538,511
Shareholder's funds 542,842 538,611
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J M H Myerscough
Director
Approved by the board on 6 November 2023
Yorkshire Capital Properties Limited
Notes to the Accounts
for the year ended 31 March 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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 10 years
Motor vehicles over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 629,233 42,177 11,039 682,449
Additions 18,052 - - 18,052
At 31 March 2023 647,285 42,177 11,039 700,501
Depreciation
At 1 April 2022 - 10,768 6,624 17,392
Charge for the year - 4,217 2,208 6,425
At 31 March 2023 - 14,985 8,832 23,817
Net book value
At 31 March 2023 647,285 27,192 2,207 676,684
At 31 March 2022 629,233 31,409 4,415 665,057
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 33 532
Other creditors 184,504 149,217
184,537 149,749
5 Other information
Yorkshire Capital Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
21a Pool Green
Neston
Corsham
SN13 9SN
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