Registered number: 02208089 | ||||||||
FOR THE YEAR ENDED 31 OCTOBER 2023 | ||||||||
Prepared By: | ||||||||
Willow Accounting & Consultancy | ||||||||
47a Commercial Road | ||||||||
Ashley Cross | ||||||||
Poole | ||||||||
Dorset | ||||||||
BH14 0HU |
Young Property Development Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 OCTOBER 2023 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Dorset | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 02208089 | ||||||||
ACCOUNTANTS | ||||||||
Willow Accounting & Consultancy | ||||||||
47a Commercial Road | ||||||||
Ashley Cross | ||||||||
Poole | ||||||||
Dorset | ||||||||
BH14 0HU |
Young Property Development Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 OCTOBER 2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Young Property Development Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 3 | |||||||||
44,218 | 40,861 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | |||||||||
NET CURRENT LIABILITIES | ( | (789) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 5 | 5,252 | 8,861 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 5,906 | 5,827 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Young Property Development Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 OCTOBER 2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 20% | |||||||
Commercial Vehicles | reducing balance 25% | |||||||
Equipment | reducing balance 25% |
2. TANGIBLE FIXED ASSETS | |||||||||||
Plant and | Commercial | ||||||||||
Machinery | Vehicles | Equipment | Total | ||||||||
£ | £ | £ | £ | ||||||||
Cost | |||||||||||
At 1 November 2022 | 30,726 | 45,113 | - | 75,839 | |||||||
Additions | - | - | 537 | 537 | |||||||
At 31 October 2023 | 30,726 | 45,113 | 537 | 76,376 | |||||||
Depreciation | |||||||||||
At 1 November 2022 | 28,876 | 26,621 | - | 55,497 | |||||||
For the year | 370 | 4,623 | 134 | 5,127 | |||||||
At 31 October 2023 | 29,246 | 31,244 | 134 | 60,624 | |||||||
Net Book Amounts | |||||||||||
At 31 October 2023 | 15,752 | ||||||||||
At 31 October 2022 | 20,342 | ||||||||||
Included in Commercial Vehicles is an asset subject to a hire purchase agreement, the net book value of which amounts to £8,068.15 at 31 October 2023. Depreciation of £2,689.39 has been charged against this asset in the year. | |||||||||||
Young Property Development Limited | ||||||||
3. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | - | 200 | ||||||
Prepayments | 554 | 1,275 | ||||||
Directors current account | 43,664 | 39,386 | ||||||
44,218 | 40,861 | |||||||
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 3,931 | 7,156 | ||||||
VAT | 6,741 | 3,911 | ||||||
PAYE control | 1,081 | 1,585 | ||||||
Bank loans and overdrafts | 8,069 | 2,375 | ||||||
Hire purchase | 3,609 | 3,326 | ||||||
Trade creditors | 18,513 | 20,622 | ||||||
Accruals | 2,875 | 2,675 | ||||||
44,819 | 41,650 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Hire purchase | 5,252 | 8,861 | ||||||
5,252 | 8,861 | |||||||
6. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
Young Property Development Limited | ||||||||
7. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 2,993 | 3,865 | ||||||
2,993 | 3,865 | |||||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
1000 | 1000 | |||||||
1,000 | 1,000 | |||||||