IRIS Accounts Production v23.1.0.753 SC657923 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC6579232022-03-31SC6579232023-03-31SC6579232022-04-012023-03-31SC6579232021-03-31SC6579232021-04-012022-03-31SC6579232022-03-31SC657923ns15:Scotland2022-04-012023-03-31SC657923ns14:PoundSterling2022-04-012023-03-31SC657923ns10:Director12022-04-012023-03-31SC657923ns10:PrivateLimitedCompanyLtd2022-04-012023-03-31SC657923ns10:SmallEntities2022-04-012023-03-31SC657923ns10:AuditExemptWithAccountantsReport2022-04-012023-03-31SC657923ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC657923ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-31SC657923ns10:FullAccounts2022-04-012023-03-31SC657923ns10:Director22022-04-012023-03-31SC657923ns10:CompanySecretary12022-04-012023-03-31SC657923ns10:RegisteredOffice2022-04-012023-03-31SC657923ns5:CurrentFinancialInstruments2023-03-31SC657923ns5:CurrentFinancialInstruments2022-03-31SC657923ns5:Non-currentFinancialInstruments2023-03-31SC657923ns5:Non-currentFinancialInstruments2022-03-31SC657923ns5:ShareCapital2023-03-31SC657923ns5:ShareCapital2022-03-31SC657923ns5:RetainedEarningsAccumulatedLosses2023-03-31SC657923ns5:RetainedEarningsAccumulatedLosses2022-03-31SC657923ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-04-012023-03-31SC657923ns5:LandBuildings2022-03-31SC657923ns5:LandBuildings2023-03-31SC657923ns5:LandBuildings2022-03-31SC657923ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31SC657923ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: SC657923 (Scotland)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

Y & B PROPERTIES LIMITED

Y & B PROPERTIES LIMITED (REGISTERED NUMBER: SC657923)






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

Report of the Accountants 6

Y & B PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: Mrs Y Price
B C Price





SECRETARY: Mrs Y Price





REGISTERED OFFICE: 42 Bellflower Grove
Stewartfield
East Kilbride
Lanarkshire
G74 4TB





REGISTERED NUMBER: SC657923 (Scotland)





ACCOUNTANTS: G. Ingram and Company Limited
Ardoch House
Lesmahagow
South Lanarkshire
ML11 0HJ

Y & B PROPERTIES LIMITED (REGISTERED NUMBER: SC657923)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 123,000 123,000

CURRENT ASSETS
Debtors 5 145 1,333
Cash at bank 4,295 3,816
4,440 5,149
CREDITORS
Amounts falling due within one year 6 3,781 3,375
NET CURRENT ASSETS 659 1,774
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,659

124,774

CREDITORS
Amounts falling due after more than one
year

7

109,375

116,667
NET ASSETS 14,284 8,107

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,184 8,007
SHAREHOLDERS' FUNDS 14,284 8,107

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.

Y & B PROPERTIES LIMITED (REGISTERED NUMBER: SC657923)

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 14 November 2023 and were signed on its behalf by:





Mrs Y Price - Director


Y & B PROPERTIES LIMITED (REGISTERED NUMBER: SC657923)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Y & B Properties Limited is a private company, limited by shares , registered in Scotland. 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.

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.
Freehold property - not provided

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.

3. EMPLOYEES AND DIRECTORS

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

Y & B PROPERTIES LIMITED (REGISTERED NUMBER: SC657923)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 April 2022
and 31 March 2023 123,000
NET BOOK VALUE
At 31 March 2023 123,000
At 31 March 2022 123,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 1,200
Other debtors 145 133
145 1,333

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors - (1 )
Taxation and social security 2,049 2,742
Other creditors 1,732 634
3,781 3,375

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 65,471 72,763
Other creditors 43,904 43,904
109,375 116,667

Y & B PROPERTIES LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
Y & B PROPERTIES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






G. Ingram and Company Limited
Ardoch House
Lesmahagow
South Lanarkshire
ML11 0HJ


Date: .............................................