Silverfin false false 31/08/2023 01/09/2022 31/08/2023 P Worswick 24/08/2015 29 August 2024 The principal activity of the Company during the financial year was the operation of a bar. From April 2020 the bar closed and the company's activity became that of a bottle shop, before ceasing trade in December 2021. 09745390 2023-08-31 09745390 bus:Director1 2023-08-31 09745390 core:CurrentFinancialInstruments 2023-08-31 09745390 core:CurrentFinancialInstruments 2022-08-31 09745390 core:Non-currentFinancialInstruments 2023-08-31 09745390 core:Non-currentFinancialInstruments 2022-08-31 09745390 2022-08-31 09745390 core:ShareCapital 2023-08-31 09745390 core:ShareCapital 2022-08-31 09745390 core:RetainedEarningsAccumulatedLosses 2023-08-31 09745390 core:RetainedEarningsAccumulatedLosses 2022-08-31 09745390 bus:OrdinaryShareClass1 2023-08-31 09745390 2022-09-01 2023-08-31 09745390 bus:FilletedAccounts 2022-09-01 2023-08-31 09745390 bus:SmallEntities 2022-09-01 2023-08-31 09745390 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 09745390 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 09745390 bus:Director1 2022-09-01 2023-08-31 09745390 2021-09-01 2022-08-31 09745390 core:Non-currentFinancialInstruments 2022-09-01 2023-08-31 09745390 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 09745390 bus:OrdinaryShareClass1 2021-09-01 2022-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09745390 (England and Wales)

THE YARDS GROUP LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2023
Pages for filing with the registrar

THE YARDS GROUP LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2023

Contents

THE YARDS GROUP LIMITED

COMPANY INFORMATION

For the financial year ended 31 August 2023
THE YARDS GROUP LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 August 2023
DIRECTOR P Worswick
REGISTERED OFFICE Lowin House
Tregolls Road
Truro
TR1 2NA
United Kingdom
COMPANY NUMBER 09745390 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
THE YARDS GROUP LIMITED

BALANCE SHEET

As at 31 August 2023
THE YARDS GROUP LIMITED

BALANCE SHEET (continued)

As at 31 August 2023
Note 2023 2022
£ £
Current assets
Debtors 3 2,977 6,140
2,977 6,140
Creditors: amounts falling due within one year 5 ( 33,614) ( 27,412)
Net current liabilities (30,637) (21,272)
Total assets less current liabilities (30,637) (21,272)
Creditors: amounts falling due after more than one year 6 ( 11,616) ( 17,366)
Net liabilities ( 42,253) ( 38,638)
Capital and reserves
Called-up share capital 7 2 2
Profit and loss account ( 42,255 ) ( 38,640 )
Total shareholder's deficit ( 42,253) ( 38,638)

For the financial year ending 31 August 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of The Yards Group Limited (registered number: 09745390) were approved and authorised for issue by the Director on 29 August 2024. They were signed on its behalf by:

P Worswick
Director
THE YARDS GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
THE YARDS GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Yards Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The company is no longer trading, but is kept solvent by virtue of continued support by the director.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Debtors

2023 2022
£ £
Other debtors 2,977 6,140

4. Cash and cash equivalents

2023 2022
£ £
Less: Bank overdrafts ( 5,432) ( 14,549)

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans and overdrafts 12,508 22,325
Taxation and social security 3,475 3,544
Other creditors 17,631 1,543
33,614 27,412

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 11,616 17,366

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
2 Ordinary Shares shares of £ 1.00 each 2 2