02208089falsethat of property development2022-11-012023-10-31http://www.companieshouse.gov.uk/2022-10-31http://www.companieshouse.gov.uk/cd:CompanySecretary12022-11-012023-10-31http://www.companieshouse.gov.uk/pt:PlantMachinery2022-10-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-10-31http://www.companieshouse.gov.uk/cd:Director12022-11-012023-10-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2022-10-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-10-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-10-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-10-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-10-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-11-012023-10-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-10-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-11-012023-10-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-11-012023-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-10-31http://www.companieshouse.gov.uk/2022-11-012023-10-31http://www.companieshouse.gov.uk/2022-10-31http://www.companieshouse.gov.uk/cd:FRS1022022-11-012023-10-31http://www.companieshouse.gov.uk/2023-10-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-11-012023-10-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-11-012023-10-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 02208089

Young Property Development Limited

ACCOUNTS
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
Nicholas Robert Young
SECRETARY
Kirsty Jayne Young
REGISTERED OFFICE
47a Commercial Road
Ashley Cross
Poole
Dorset
BH14 0HU
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 Sheet3
Notes To The Accounts4
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 31 October 2023
20232022
Notes££
FIXED ASSETS
Tangible assets215,75220,342
CURRENT ASSETS
Debtors344,21840,861
44,21840,861
CREDITORS: Amounts falling due within one year444,81941,650
NET CURRENT LIABILITIES(601)(789)
TOTAL ASSETS LESS CURRENT LIABILITIES15,15119,553
CREDITORS: Amounts falling due after more than one year55,2528,861
PROVISIONS FOR LIABILITIES AND CHARGES72,9933,865
NET ASSETS6,9066,827
CAPITAL AND RESERVES
Called up share capital81,0001,000
Profit and loss account5,9065,827
SHAREHOLDERS' FUNDS6,9066,827
For the year ending 31 October 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 11 July 2024 and signed on their behalf by
.............................
Nicholas Robert Young
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 20%
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
2. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesEquipmentTotal
££££
Cost
At 1 November 202230,72645,113-75,839
Additions--537537
At 31 October 202330,72645,11353776,376
Depreciation
At 1 November 202228,87626,621-55,497
For the year3704,6231345,127
At 31 October 202329,24631,24413460,624
Net Book Amounts
At 31 October 20231,48013,86940315,752
At 31 October 20221,85018,492-20,342
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 20232022
££
Amounts falling due within one year
Trade debtors-200
Prepayments5541,275
Directors current account43,66439,386
44,21840,861
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax3,9317,156
VAT6,7413,911
PAYE control1,0811,585
Bank loans and overdrafts8,0692,375
Hire purchase3,6093,326
Trade creditors18,51320,622
Accruals2,8752,675
44,81941,650
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Hire purchase 5,2528,861
5,2528,861
6. EMPLOYEES
20232022
No.No.
Average number of employees22

Young Property Development Limited

7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation2,9933,865
2,9933,865
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1000 Ordinary shares of £1 each10001000
1,0001,000