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REGISTERED NUMBER: 04495537 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Y Move Properties Limited

Y Move Properties Limited (Registered number: 04495537)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Y Move Properties Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: P Follows
Mrs A Vaughan





SECRETARY: P Follows





REGISTERED OFFICE: 2 Pinewood Avenue
Cannock
Staffordshire
WS11 4AZ





REGISTERED NUMBER: 04495537 (England and Wales)





ACCOUNTANTS: Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Y Move Properties Limited (Registered number: 04495537)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 23,372 27,034
Investment property 5 1,599,550 1,430,130
1,622,922 1,457,164

CURRENT ASSETS
Cash at bank 5,934 4,034

CREDITORS
Amounts falling due within one year 6 (502,125 ) (499,944 )
NET CURRENT LIABILITIES (496,191 ) (495,910 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,126,731

961,254

CREDITORS
Amounts falling due after more than one
year

7

(287,212

)

(313,951

)

PROVISIONS FOR LIABILITIES 9 (152,346 ) -
NET ASSETS 687,173 647,303

CAPITAL AND RESERVES
Called up share capital 10 20 20
Fair value reserve 11 457,037 449,306
Retained earnings 230,116 197,977
SHAREHOLDERS' FUNDS 687,173 647,303

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Move Properties Limited (Registered number: 04495537)

Balance Sheet - continued
31 July 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by:





P Follows - Director


Y Move Properties Limited (Registered number: 04495537)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Y Move Properties 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 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2022
and 31 July 2023 36,620
DEPRECIATION
At 1 August 2022 9,586
Charge for year 3,662
At 31 July 2023 13,248
NET BOOK VALUE
At 31 July 2023 23,372
At 31 July 2022 27,034

Y Move Properties Limited (Registered number: 04495537)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 1,430,130
Revaluations 169,420
At 31 July 2023 1,599,550
NET BOOK VALUE
At 31 July 2023 1,599,550
At 31 July 2022 1,430,130

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2006 406,926
Valuation in 2008 (91,964 )
Valuation in 2009 125,000
Valuation in 2023 169,420
Cost 990,168
1,599,550

Investment property was valued on an open market basis on 31 July 2023 by the director .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 29,372 32,004
Amounts owed to participating interests 185,000 -
Taxation and social security 13,568 12,313
Other creditors 274,185 455,627
502,125 499,944

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 287,212 313,951

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 316,584 345,955

All loans are secured on the value of the investment properties held by the company.

Y Move Properties Limited (Registered number: 04495537)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 152,346 -

Deferred
tax
£   
Provided during year 152,346
Balance at 31 July 2023 152,346

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20 Ordinary £1 20 20

11. RESERVES
Fair
value
reserve
£   
At 1 August 2022 449,306
Transfer 7,731

At 31 July 2023 457,037

12. RELATED PARTY DISCLOSURES

Classic Homes (Staffs) Limited

A company in which Mr Follows is a director and shareholder


During the year a loan of £185,000 was received from Classic Homes (Staffs) Limited. This is an interest free loan and there are no fixed repayment terms in operation.

P Follows
Director


The company had an outstanding directors loan of £271,752 (2022: £453,254) at the year end, included in other creditors. This loan is interest free and there are no fixed repayment terms in operation.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Y Move 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Y Move Properties Limited for the year ended 31 July 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Y Move Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Y Move Properties Limited and state those matters that we have agreed to state to the Board of Directors of Y Move Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Y Move Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Y Move Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Y Move Properties Limited. You consider that Y Move Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Y Move Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


8 February 2024