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Registered number: 10010917

YTS Estates Limited

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023

Prepared By:
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

YTS Estates Limited

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
DIRECTORS
Ian Goldstein
Tzvi Grosskopf
REGISTERED OFFICE
14 The Promenade
Edgware
Middlesex
HA8 7JZ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10010917
BANKERS
Barclays
SOLICITORS
Moerans
ACCOUNTANTS
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

YTS Estates Limited

ACCOUNTS
FOR THEYEARENDED28/02/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

YTS Estates Limited

BALANCE SHEET AT 28/02/2023
20232022
Notes££
FIXED ASSETS
Tangible assets1,088,4822,100,000
CURRENT ASSETS
Debtors220,00057,164
Cash at bank and in hand61,5566,037
81,55663,201
CREDITORS: Amounts falling due within one year3669,798959,389
NET CURRENT LIABILITIES(588,242)(896,188)
TOTAL ASSETS LESS CURRENT LIABILITIES500,2401,203,812
CREDITORS: Amounts falling due after more than one year420,000594,034
PROVISIONS FOR LIABILITIES AND CHARGES634,86289,000
NET ASSETS445,378520,778
CAPITAL AND RESERVES
Called up share capital7300300
Profit and loss account445,078520,478
SHAREHOLDERS' FUNDS445,378520,778

YTS Estates Limited

BALANCE SHEET AT 28/02/2023
For the year ending 28/02/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 22/11/2023 and signed on their behalf by
.............................
Tzvi Grosskopf
Director
.............................
Ian Goldstiein
Director

YTS Estates Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1c. Property Provisions
Where properties are no longer utilised in the business a provision is recorded if the future expected cash outflows exceed any inflow from rental income The provision is discounted in line with the requirements of FRS12.
2. DEBTORS 20232022
££
Amounts falling due within one year
Prepayments20,00057,164
20,00057,164
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax42,4022,862
Trade creditors3,319117,946
Other creditors622,276836,181
Accruals1,8002,400
669,797959,389

YTS Estates Limited

4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (secured) >1yr20,000594,034
20,000594,034
5. EMPLOYEES
20232022
No.No.
Average number of employees--
6. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation34,86289,000
34,86289,000
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
300 Class 1 shares of £1 each300300
300300
8. RELATED PARTY TRANSACTIONS
During the year, certain loans were advanced to the company by I Goldstein, one of the directors. The loans are interest free and repayable on demand. At the year end, the balance due to I. Goldstein totalled £445,682 (2022: £445,682).