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REGISTERED NUMBER: 02343577 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

YORKSHIRE COAST WORKSHOPS LIMITED

YORKSHIRE COAST WORKSHOPS LIMITED (REGISTERED NUMBER: 02343577)

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


YORKSHIRE COAST WORKSHOPS LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2023







DIRECTORS: Mr Douglas James Durrant
Mr Anthony Charles Robinson
Mrs Jennifer Crowther





SECRETARY: Mrs Joanne Elizabeth Greenwood





REGISTERED OFFICE: Cayley Court
Hopper Hill Road
Eastfield
Scarborough
North Yorkshire
YO11 3YJ





REGISTERED NUMBER: 02343577 (England and Wales)





ACCOUNTANTS: Fortus North Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

YORKSHIRE COAST WORKSHOPS LIMITED (REGISTERED NUMBER: 02343577)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,946 42,916
Investment property 5 1,850,000 1,850,000
1,886,946 1,892,916

CURRENT ASSETS
Debtors 6 139,893 120,713
Cash at bank and in hand 156,564 130,051
296,457 250,764
CREDITORS
Amounts falling due within one year 7 138,553 99,231
NET CURRENT ASSETS 157,904 151,533
TOTAL ASSETS LESS CURRENT LIABILITIES 2,044,850 2,044,449

CREDITORS
Amounts falling due after more than
one year

8

1,933,777

1,967,409
NET ASSETS 111,073 77,040

CAPITAL AND RESERVES
Called up share capital 10 8 4
Capital redemption reserve 2 2
Fair value reserve 11 (321,262 ) (321,262 )
Retained earnings 432,325 398,296
SHAREHOLDERS' FUNDS 111,073 77,040

YORKSHIRE COAST WORKSHOPS LIMITED (REGISTERED NUMBER: 02343577)

BALANCE SHEET - continued
31 March 2023


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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by:





Mr Douglas James Durrant - Director


YORKSHIRE COAST WORKSHOPS LIMITED (REGISTERED NUMBER: 02343577)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023


1. STATUTORY INFORMATION

Yorkshire Coast Workshops 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 presentation currency of the financial statements is the Pound Sterling (£).


The level of rounding used in the financial statements is to the nearest £1.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of the exemption in section 33.1A of FRS 102 to not disclose
transactions entered into with its parent company.

Turnover
The turnover shown in the profit and loss account represents the total invoice value, excluding value
added tax, of rents and charges for other services made during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - Straight line over the life of the lease
Fixtures, fittings & equipment - 10% on cost
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


YORKSHIRE COAST WORKSHOPS LIMITED (REGISTERED NUMBER: 02343577)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 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.

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.

Going concern - basis of preparation
In assessing the appropriateness of the application of the going concern basis, the directors have considered the uncertainties around the general economic environment, the current and future trading performance of the company and available cash. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, accordingly they continues to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 53,246 160,776 214,022
Additions - 1,576 1,576
At 31 March 2023 53,246 162,352 215,598
DEPRECIATION
At 1 April 2022 38,011 133,095 171,106
Charge for year 2,130 5,416 7,546
At 31 March 2023 40,141 138,511 178,652
NET BOOK VALUE
At 31 March 2023 13,105 23,841 36,946
At 31 March 2022 15,235 27,681 42,916

YORKSHIRE COAST WORKSHOPS LIMITED (REGISTERED NUMBER: 02343577)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,850,000
NET BOOK VALUE
At 31 March 2023 1,850,000
At 31 March 2022 1,850,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2009 159,416
Valuation in 2018 (508,175 )
Valuation in 2020 (164,016 )
Valuation in 2021 100,000
Cost 2,262,775
1,850,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 2,262,775 2,262,775

The investment properties were valued on a fair value basis on 31 March 2023 by the directors .

The completed investment properties are stated at fair value in accordance with the requirements of Section 1A ''Small Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland''.

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 39,692 26,223
Other debtors 100,197 94,490
139,889 120,713

Amounts falling due after more than one year:
Other debtors 4 -

Aggregate amounts 139,893 120,713

YORKSHIRE COAST WORKSHOPS LIMITED (REGISTERED NUMBER: 02343577)

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 32,896 32,896
Trade creditors 4,380 6,427
Taxation and social security 26,343 15,868
Other creditors 74,934 44,040
138,553 99,231

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 67,104 271,400
Amounts owed to group undertakings 1,866,673 1,696,009
1,933,777 1,967,409

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Creditors due within one year 138,553 99,231
Creditors due after one year 1,933,777 1,967,409
2,072,330 2,066,640

The company has entered into an unlimited guarantee with its parent Yorkshire In Business Ltd to
secure all the liabilities of each other.

The bank loan is secured by first legal charges over property owned by the company, along with a
debenture over all company assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 A Ordinary £1 1 1
3 B Ordinary £1 3 3
4 4

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
4 B Employee shares £1 4 -

4 B Employee shares of £1 each were allotted at par during the year.

YORKSHIRE COAST WORKSHOPS LIMITED (REGISTERED NUMBER: 02343577)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


11. RESERVES
Fair
value
reserve
£   
At 1 April 2022
and 31 March 2023 (321,262 )

12. CONTINGENT LIABILITIES

The company has a unilateral guarantee with its parent company Yorkshire In Business Ltd to guarantee the liabilities of each other. The current and long term liabilities of the parent company at the year end is £420,284.

13. CONTROLLING PARTY

The company is a wholly owned subsidiary of Yorkshire In Business Ltd, (who own 100% of the share
capital with voting rights) whose company reference is 01982116 and whose registered office is
Cayley Court, Hopper Hill Road, Eastfield, Scarborough, North Yorkshire, YO11 3YJ.