IRIS Accounts Production v24.2.0.383 07432806 director 1.12.22 30.11.23 30.11.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074328062022-11-30074328062023-11-30074328062022-12-012023-11-30074328062021-11-30074328062021-12-012022-11-30074328062022-11-3007432806ns14:PoundSterling2022-12-012023-11-3007432806ns10:Director12022-12-012023-11-3007432806ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3007432806ns10:SmallEntities2022-12-012023-11-3007432806ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3007432806ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3007432806ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3007432806ns10:FullAccounts2022-12-012023-11-3007432806ns10:RegisteredOffice2022-12-012023-11-3007432806ns5:CurrentFinancialInstruments2023-11-3007432806ns5:CurrentFinancialInstruments2022-11-3007432806ns5:Non-currentFinancialInstruments2023-11-3007432806ns5:Non-currentFinancialInstruments2022-11-3007432806ns5:ShareCapital2023-11-3007432806ns5:ShareCapital2022-11-3007432806ns5:FurtherSpecificReserve3ComponentTotalEquity2023-11-3007432806ns5:FurtherSpecificReserve3ComponentTotalEquity2022-11-3007432806ns5:RetainedEarningsAccumulatedLosses2023-11-3007432806ns5:RetainedEarningsAccumulatedLosses2022-11-3007432806ns5:PlantMachinery2022-11-3007432806ns5:PlantMachinery2022-12-012023-11-3007432806ns5:PlantMachinery2023-11-3007432806ns5:PlantMachinery2022-11-3007432806ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3007432806ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3007432806ns5:FurtherSpecificReserve3ComponentTotalEquity2022-11-30
















Yakel Property Ltd

Unaudited Financial Statements for the Year Ended 30 November 2023






Yakel Property Ltd (Registered number: 07432806)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Yakel Property Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mrs K Farage





REGISTERED OFFICE: Point Properties
182a-184a Smithdown Road
Liverpool
Merseyside
L15 3JR





REGISTERED NUMBER: 07432806





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

Yakel Property Ltd (Registered number: 07432806)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 243 99
Investment property 5 774,800 774,800
775,043 774,899

CURRENT ASSETS
Debtors 6 26,870 -
Cash at bank 83,863 133,901
110,733 133,901
CREDITORS
Amounts falling due within one year 7 714,183 742,734
NET CURRENT LIABILITIES (603,450 ) (608,833 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,593

166,066

CREDITORS
Amounts falling due after more than one
year

8

(12,667

)

(20,667

)

PROVISIONS FOR LIABILITIES (7,171 ) (7,144 )
NET ASSETS 151,755 138,255

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 9 30,375 30,375
Retained earnings 120,380 106,880
151,755 138,255

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Yakel Property Ltd (Registered number: 07432806)

Balance Sheet - continued
30 November 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 August 2024 and were signed by:





Mrs K Farage - Director


Yakel Property Ltd (Registered number: 07432806)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Yakel Property Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Yakel Property Ltd (Registered number: 07432806)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 234
Additions 226
At 30 November 2023 460
DEPRECIATION
At 1 December 2022 135
Charge for year 82
At 30 November 2023 217
NET BOOK VALUE
At 30 November 2023 243
At 30 November 2022 99

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 774,800
NET BOOK VALUE
At 30 November 2023 774,800
At 30 November 2022 774,800

Investment properties were valued using market data by the director on 30/11/2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 26,870 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,000 8,000
Trade creditors 659 599
Taxation and social security 3,139 14,189
Other creditors 702,385 719,946
714,183 742,734

Yakel Property Ltd (Registered number: 07432806)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 12,667 20,667

9. RESERVES
Fair
value
reserve
£   
At 1 December 2022
and 30 November 2023 30,375