1 August 2022 false No description of principal activity Taxfiler 2024.5 12087814business:PrivateLimitedCompanyLtd2022-08-012023-07-31 120878142022-07-31 120878142022-08-012023-07-31 12087814business:AuditExemptWithAccountantsReport2022-08-012023-07-31 12087814business:FilletedAccounts2022-08-012023-07-31 120878142023-07-31 12087814business:Director12022-08-012023-07-31 12087814business:RegisteredOffice2022-08-012023-07-31 120878142022-07-31 12087814core:WithinOneYear2023-07-31 12087814core:WithinOneYear2022-07-31 12087814core:AfterOneYear2023-07-31 12087814core:AfterOneYear2022-07-31 12087814core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 12087814core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 12087814core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 12087814core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 12087814core:PreviouslyStatedAmount2023-07-31 12087814core:PreviouslyStatedAmount2022-07-31 12087814business:SmallEntities2022-08-012023-07-31 12087814countries:EnglandWales2022-08-012023-07-31 120878142021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. 12087814 (England and Wales)
Y PROPERTIES LTD Unaudited accounts for the year ended 31 July 2023
Y PROPERTIES LTD Unaudited accounts Contents
Page
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Y PROPERTIES LTD Company Information for the year ended 31 July 2023
Director
A Yaris-Gordon
Company Number
12087814 (England and Wales)
Registered Office
78 QUEENS ROAD WATFORD HERTFORDSHIRE WD17 2LA ENGLAND
Accountants
Avin Accountants 78 Queens Road Watford Hertfordshire WD17 2LA
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Y PROPERTIES LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
67,000 
67,000 
Current assets
Cash at bank and in hand
18,675 
13,301 
Creditors: amounts falling due within one year
(7,177)
(1,579)
Net current assets
11,498 
11,722 
Total assets less current liabilities
78,498 
78,722 
Creditors: amounts falling due after more than one year
(78,941)
(75,815)
Net (liabilities)/assets
(443)
2,907 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(543)
2,807 
Shareholders' funds
(443)
2,907 
For the year ending 31 July 2023 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 January 2023 and were signed on its behalf by
A Yaris-Gordon Director Company Registration No. 12087814
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Y PROPERTIES LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Y PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 12087814. The registered office is 78 QUEENS ROAD, WATFORD, HERTFORDSHIRE, WD17 2LA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 July 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Investment property
2023 
£ 
Fair value at 1 August 2022
67,000 
At 31 July 2023
67,000 
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Y PROPERTIES LTD Notes to the Accounts for the year ended 31 July 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
125 
427 
Other creditors
7,052 
1,152 
7,177 
1,579 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
78,941 
75,815 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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