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REGISTERED NUMBER: 08583902 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

YAMESK LIMITED

YAMESK LIMITED (REGISTERED NUMBER: 08583902)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YAMESK LIMITED

COMPANY INFORMATION
For The Year Ended 30 June 2023







DIRECTORS: Mr W D Cowen
Mrs S L Cowen





SECRETARY: Mr W D Cowen





REGISTERED OFFICE: 5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU





REGISTERED NUMBER: 08583902 (England and Wales)





ACCOUNTANTS: Fortus North Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

YAMESK LIMITED (REGISTERED NUMBER: 08583902)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 960 48
Investment property 5 1,635,137 1,635,137
1,636,097 1,635,185

CURRENT ASSETS
Debtors 6 676 72,363
Cash at bank 164,182 31,023
164,858 103,386
CREDITORS
Amounts falling due within one year 7 28,739 19,780
NET CURRENT ASSETS 136,119 83,606
TOTAL ASSETS LESS CURRENT LIABILITIES 1,772,216 1,718,791

CREDITORS
Amounts falling due after more than
one year

8

(1,152,884

)

(1,142,217

)

PROVISIONS FOR LIABILITIES (74,781 ) (56,834 )
NET ASSETS 544,551 519,740

CAPITAL AND RESERVES
Called up share capital 10 200 200
Fair value reserve 276,339 294,287
Retained earnings 268,012 225,253
SHAREHOLDERS' FUNDS 544,551 519,740

YAMESK LIMITED (REGISTERED NUMBER: 08583902)

BALANCE SHEET - continued
30 June 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 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 18 January 2024 and were signed on its behalf by:





Mr W D Cowen - Director


YAMESK LIMITED (REGISTERED NUMBER: 08583902)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023


1. STATUTORY INFORMATION

Yamesk 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover represents net rents receivable for the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit and loss.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

YAMESK LIMITED (REGISTERED NUMBER: 08583902)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 30,335
Additions 1,200
At 30 June 2023 31,535
DEPRECIATION
At 1 July 2022 30,287
Charge for year 288
At 30 June 2023 30,575
NET BOOK VALUE
At 30 June 2023 960
At 30 June 2022 48

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 1,635,137
NET BOOK VALUE
At 30 June 2023 1,635,137
At 30 June 2022 1,635,137

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2015 112,041
Valuation in 2017 83,000
Valuation in 2018 41,650
Valuation in 2020 114,429
Cost 1,284,017
1,635,137

YAMESK LIMITED (REGISTERED NUMBER: 08583902)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023


5. INVESTMENT PROPERTY - continued

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

2023 2022
£    £   
Cost 1,284,017 1,284,017

Investment property was valued on an open market value basis on 30 June 2020 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 676 72,363

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans 10,000 7,481
Taxation and social security 11,968 9,713
Other creditors 6,771 2,586
28,739 19,780

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 82,483 113,816
Amounts owed to associates 1,070,401 1,028,401
1,152,884 1,142,217

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 92,483 121,297

The bank loan is secured on freehold property.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary 1 200 200

YAMESK LIMITED (REGISTERED NUMBER: 08583902)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Mr W D Cowen and Mrs S L Cowen
Balance outstanding at start of year 71,516 120,113
Amounts advanced - 126,403
Amounts repaid (75,516 ) (175,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,000 ) 71,516