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REGISTERED NUMBER: 09358126 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

YMR HOLDINGS LIMITED

YMR HOLDINGS LIMITED (REGISTERED NUMBER: 09358126)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YMR HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: VC Hughes
DJ Hughes





REGISTERED OFFICE: 11 - 13 Station Road
Kettering
Northamptonshire
NN15 7HH





REGISTERED NUMBER: 09358126 (England and Wales)

YMR HOLDINGS LIMITED (REGISTERED NUMBER: 09358126)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,089,639 2,917,022
Investments 5 100 100
3,089,739 2,917,122

CURRENT ASSETS
Debtors 6 836,027 872,487
Cash at bank 32,839 79,329
868,866 951,816
CREDITORS
Amounts falling due within one year 7 113,076 225,098
NET CURRENT ASSETS 755,790 726,718
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,845,529

3,643,840

CREDITORS
Amounts falling due after more than one
year

8

(90,380

)

(42,975

)

PROVISIONS FOR LIABILITIES (226,886 ) (154,836 )
NET ASSETS 3,528,263 3,446,029

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 3,528,161 3,445,927
SHAREHOLDERS' FUNDS 3,528,263 3,446,029

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

YMR HOLDINGS LIMITED (REGISTERED NUMBER: 09358126)

BALANCE SHEET - continued
30TH NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd February 2024 and were signed on its behalf by:





DJ Hughes - Director


YMR HOLDINGS LIMITED (REGISTERED NUMBER: 09358126)

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


1. STATUTORY INFORMATION

YMR Holdings 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 (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about YMR Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance and 10% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company is party to only the basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.


YMR HOLDINGS LIMITED (REGISTERED NUMBER: 09358126)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

YMR HOLDINGS LIMITED (REGISTERED NUMBER: 09358126)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st December 2022 2,102,094 1,127,765 1,913 21,667 3,253,439
Additions 80,000 97,000 - 120,575 297,575
At 30th November 2023 2,182,094 1,224,765 1,913 142,242 3,551,014
DEPRECIATION
At 1st December 2022 - 329,903 1,913 4,601 336,417
Charge for year - 120,891 - 4,067 124,958
At 30th November 2023 - 450,794 1,913 8,668 461,375
NET BOOK VALUE
At 30th November 2023 2,182,094 773,971 - 133,574 3,089,639
At 30th November 2022 2,102,094 797,862 - 17,066 2,917,022

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st December 2022 239,000 - 239,000
Additions - 120,575 120,575
At 30th November 2023 239,000 120,575 359,575
DEPRECIATION
At 1st December 2022 105,175 - 105,175
Charge for year 15,055 1,507 16,562
At 30th November 2023 120,230 1,507 121,737
NET BOOK VALUE
At 30th November 2023 118,770 119,068 237,838
At 30th November 2022 133,825 - 133,825

YMR HOLDINGS LIMITED (REGISTERED NUMBER: 09358126)

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


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1st December 2022
and 30th November 2023 100
NET BOOK VALUE
At 30th November 2023 100
At 30th November 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 290,011
Amounts owed by group undertakings 456,829 582,476
Other debtors 379,198 -
836,027 872,487

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 49,049 45,283
Taxation and social security 61,397 152,213
Other creditors 2,630 27,602
113,076 225,098

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 90,380 42,975

9. RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.