Silverfin false 31/03/2023 01/02/2022 31/03/2023 Mrs J E Denbow 11/12/2000 Mr J F Denbow 11/12/2000 18 February 2024 The principal activity of the company during the financial year was that of motor vehicle engineering and property rentals. 04122427 2023-03-31 04122427 bus:Director1 2023-03-31 04122427 bus:Director2 2023-03-31 04122427 2022-01-31 04122427 core:CurrentFinancialInstruments 2023-03-31 04122427 core:CurrentFinancialInstruments 2022-01-31 04122427 core:Non-currentFinancialInstruments 2023-03-31 04122427 core:Non-currentFinancialInstruments 2022-01-31 04122427 core:ShareCapital 2023-03-31 04122427 core:ShareCapital 2022-01-31 04122427 core:RetainedEarningsAccumulatedLosses 2023-03-31 04122427 core:RetainedEarningsAccumulatedLosses 2022-01-31 04122427 core:LandBuildings 2022-01-31 04122427 core:InvestmentPropertyIncludedWithinPPE 2022-01-31 04122427 core:PlantMachinery 2022-01-31 04122427 core:Vehicles 2022-01-31 04122427 core:OfficeEquipment 2022-01-31 04122427 core:LandBuildings 2023-03-31 04122427 core:InvestmentPropertyIncludedWithinPPE 2023-03-31 04122427 core:PlantMachinery 2023-03-31 04122427 core:Vehicles 2023-03-31 04122427 core:OfficeEquipment 2023-03-31 04122427 bus:OrdinaryShareClass1 2023-03-31 04122427 2022-02-01 2023-03-31 04122427 bus:FullAccounts 2022-02-01 2023-03-31 04122427 bus:SmallEntities 2022-02-01 2023-03-31 04122427 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-03-31 04122427 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-03-31 04122427 bus:Director1 2022-02-01 2023-03-31 04122427 bus:Director2 2022-02-01 2023-03-31 04122427 core:LandBuildings core:TopRangeValue 2022-02-01 2023-03-31 04122427 core:PlantMachinery 2022-02-01 2023-03-31 04122427 core:Vehicles 2022-02-01 2023-03-31 04122427 core:OfficeEquipment 2022-02-01 2023-03-31 04122427 2021-02-01 2022-01-31 04122427 core:LandBuildings 2022-02-01 2023-03-31 04122427 core:InvestmentPropertyIncludedWithinPPE 2022-02-01 2023-03-31 04122427 core:Non-currentFinancialInstruments 2022-02-01 2023-03-31 04122427 bus:OrdinaryShareClass1 2022-02-01 2023-03-31 04122427 bus:OrdinaryShareClass1 2021-02-01 2022-01-31 04122427 bus:PreferenceShareClass1 2022-02-01 2023-03-31 04122427 bus:PreferenceShareClass1 2021-02-01 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04122427 (England and Wales)

YALBERTON AUTOS TORBAY LIMITED

Unaudited Financial Statements
For the financial period from 01 February 2022 to 31 March 2023
Pages for filing with the registrar

YALBERTON AUTOS TORBAY LIMITED

Unaudited Financial Statements

For the financial period from 01 February 2022 to 31 March 2023

Contents

YALBERTON AUTOS TORBAY LIMITED

COMPANY INFORMATION

For the financial period from 01 February 2022 to 31 March 2023
YALBERTON AUTOS TORBAY LIMITED

COMPANY INFORMATION (continued)

For the financial period from 01 February 2022 to 31 March 2023
DIRECTORS Mrs J E Denbow
Mr J F Denbow
SECRETARY Mrs J E Denbow
REGISTERED OFFICE Jupiter House Aspen Way
Yalberton Industrial Estate
Paignton
TQ4 7QR
United Kingdom
COMPANY NUMBER 04122427 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
YALBERTON AUTOS TORBAY LIMITED

BALANCE SHEET

As at 31 March 2023
YALBERTON AUTOS TORBAY LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 31.03.2023 31.01.2022
£ £
Fixed assets
Tangible assets 3 940,777 1,354,568
940,777 1,354,568
Current assets
Stocks 0 2,500
Debtors 4 221,286 48,132
Cash at bank and in hand 8,132 203,062
229,418 253,694
Creditors: amounts falling due within one year 5 ( 15,226) ( 98,685)
Net current assets 214,192 155,009
Total assets less current liabilities 1,154,969 1,509,577
Creditors: amounts falling due after more than one year 6 0 ( 15,000)
Net assets 1,154,969 1,494,577
Capital and reserves
Called-up share capital 7 1,000 2,000
Profit and loss account 1,153,969 1,492,577
Total shareholders' funds 1,154,969 1,494,577

For the financial period ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Yalberton Autos Torbay Limited (registered number: 04122427) were approved and authorised for issue by the Board of Directors on 18 February 2024. They were signed on its behalf by:

Mr J F Denbow
Director
YALBERTON AUTOS TORBAY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 February 2022 to 31 March 2023
YALBERTON AUTOS TORBAY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 February 2022 to 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Yalberton Autos Torbay Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Jupiter House Aspen Way, Yalberton Industrial Estate, Paignton, TQ4 7QR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The accounting date has been extended to reconcile with the group accounting date of 31 March. As such the accounts report a 14 month period compared to a 12 month comparative period.

Turnover

Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Investment property not depreciated
Plant and machinery 20 % reducing balance
Vehicles 20 % reducing balance
Office equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

Period from
01.02.2022 to
31.03.2023
Year ended
31.01.2022
Number Number
Monthly average number of persons employed by the Company during the period, including directors 6 15

3. Tangible assets

Land and buildings Investment property Plant and machinery Vehicles Office equipment Total
£ £ £ £ £ £
Cost
At 01 February 2022 600,000 636,236 166,364 549,395 43,893 1,995,888
Disposals 0 ( 209,453) ( 166,364) ( 549,395) ( 43,893) ( 969,105)
At 31 March 2023 600,000 426,783 0 0 0 1,026,783
Accumulated depreciation
At 01 February 2022 72,006 0 133,185 392,925 43,204 641,320
Charge for the financial period 14,000 0 0 0 0 14,000
Disposals 0 0 ( 133,185) ( 392,925) ( 43,204) ( 569,314)
At 31 March 2023 86,006 0 0 0 0 86,006
Net book value
At 31 March 2023 513,994 426,783 0 0 0 940,777
At 31 January 2022 527,994 636,236 33,179 156,470 689 1,354,568

4. Debtors

31.03.2023 31.01.2022
£ £
Trade debtors 1,746 45,076
Amounts owed by Group undertakings 215,856 0
Other debtors 3,684 3,056
221,286 48,132

5. Creditors: amounts falling due within one year

31.03.2023 31.01.2022
£ £
Trade creditors 5,764 12,119
Taxation and social security 6,712 25,733
Obligations under finance leases and hire purchase contracts 0 14,708
Other creditors 2,750 46,125
15,226 98,685

6. Creditors: amounts falling due after more than one year

31.03.2023 31.01.2022
£ £
Obligations under finance leases and hire purchase contracts 0 15,000

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

31.03.2023 31.01.2022
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000
nil Redeemable Preference shares (31.01.2022: 1,000 shares of £ 1.00 each) 0 1,000
1,000 2,000

8. Related party transactions

Transactions with the entity's directors

31.03.2023 31.01.2022
£ £
Amounts owed to/(by) Directors (3,684) (3,056)

Yalberton Autos Torbay Limited operates a Directors' Loan Account with the company director . There is no fixed date of repayment and the loan bears interest of 2% on any amounts overdrawn by more than £10,000.

9. Ultimate controlling party

Parent Company:

With effect from 1 June 2022 the parent company is:JFD Group Limited
Jupiter House
Aspen Way
Yalberton Industrial Estate
Paignton
Devon, TQ4 7QR