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REGISTERED NUMBER: 04491023 (England and Wales)















FIRST 4 PROPERTIES (YORKSHIRE) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023






FIRST 4 PROPERTIES (YORKSHIRE) LIMITED (REGISTERED NUMBER: 04491023)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


FIRST 4 PROPERTIES (YORKSHIRE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: K F Henry
J Henry





SECRETARY: K F Henry





REGISTERED OFFICE: 8 Hill Top Grove
Wakefield
West Yorkshire
WF3 1HP





REGISTERED NUMBER: 04491023 (England and Wales)





ACCOUNTANTS: Weaver Wroot
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB

FIRST 4 PROPERTIES (YORKSHIRE) LIMITED (REGISTERED NUMBER: 04491023)

BALANCE SHEET
30TH JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 446,000 446,000

CURRENT ASSETS
Debtors 5 2,073 1,565
Cash at bank 13,175 9,279
15,248 10,844
CREDITORS
Amounts falling due within one year 6 36,194 49,188
NET CURRENT LIABILITIES (20,946 ) (38,344 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

425,054

407,656

PROVISIONS FOR LIABILITIES 14,776 14,776
NET ASSETS 410,278 392,880

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 7 62,992 62,992
Retained earnings 347,284 329,886
SHAREHOLDERS' FUNDS 410,278 392,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th March 2024 and were signed on its behalf by:





J Henry - Director


FIRST 4 PROPERTIES (YORKSHIRE) LIMITED (REGISTERED NUMBER: 04491023)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

First 4 Properties (Yorkshire) 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover consists of rental income from the company's investment properties.

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.

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 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2022
and 30th June 2023 446,000
NET BOOK VALUE
At 30th June 2023 446,000
At 30th June 2022 446,000

FIRST 4 PROPERTIES (YORKSHIRE) LIMITED (REGISTERED NUMBER: 04491023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

4. INVESTMENT PROPERTY - continued

Fair value at 30th June 2023 is represented by:
£   
Valuation in 2006 143,433
Valuation in 2013 17,615
Valuation in 2015 (75,000 )
Valuation in 2021 (8,270 )
Valuation in 2023 (10 )
Cost 368,232
446,000

If investment property had not been revalued it would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 368,232 368,232

Investment property was valued on a vacant possession basis on 30th June 2023 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 1,435 1,038
Other debtors 638 527
2,073 1,565

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Corporation tax 4,081 3,894
Other creditors 456 466
Directors' current accounts 31,000 43,000
Accrued expenses 657 1,828
36,194 49,188

7. RESERVES
Revaluation
reserve
£   
At 1st July 2022
and 30th June 2023 62,992

8. ULTIMATE CONTROLLING PARTY

The company is controlled by its shareholders, however no one individual has overall control.