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Registered number: 14604773
Yarrowood Ltd
Unaudited Financial Statements
For the Period 19 January 2023 to 31 January 2024
KFS Accountants Limited
Elcot Park Elcot Mews
Elcot Lane
Marlborough
SN8 2BG
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 14604773
31 January 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 2,260,676
2,260,676
CURRENT ASSETS
Debtors 5 67,490
Cash at bank and in hand 24,670
92,160
Creditors: Amounts Falling Due Within One Year 6 (32,459 )
NET CURRENT ASSETS (LIABILITIES) 59,701
TOTAL ASSETS LESS CURRENT LIABILITIES 2,320,377
Creditors: Amounts Falling Due After More Than One Year 7 (2,096,100 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (38,000 )
NET ASSETS 186,277
CAPITAL AND RESERVES
Called up share capital 8 100
Revaluation reserve 10 163,900
Profit and Loss Account 22,277
SHAREHOLDERS' FUNDS 186,277
Page 1
Page 2
For the period ending 31 January 2024 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Christopher Stuart
Director
12th September 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Revaluation reserve Profit and Loss Account Total
£ £ £ £
As at 19 January 2023 100 - - 100
Profit for period - - 24,277 24,277
Net investment property revaluation reserve - 163,900 - 163,900
Other comprehensive income for the period - 163,900 - 163,900
Total comprehensive income for the period - 163,900 24,277 188,177
Dividends paid - - (2,000) (2,000)
As at 31 January 2024 100 163,900 22,277 186,277
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Yarrowood Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14604773 . The registered office is Kfs Accountants Ltd Elcot Close, Elcot Lane, Marlborough, SN8 2BG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold .
Computer Equipment 33% SL
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
Page 4
Page 5
4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost or Valuation
As at 19 January 2023 - - -
Additions 2,096,100 810 2,096,910
Revaluation 163,900 - 163,900
As at 31 January 2024 2,260,000 810 2,260,810
Depreciation
As at 19 January 2023 - - -
Provided during the period - 134 134
As at 31 January 2024 - 134 134
Net Book Value
As at 31 January 2024 2,260,000 676 2,260,676
As at 19 January 2023 - - -
5. Debtors
31 January 2024
£
Due within one year
Trade debtors 100
Other debtors 29,390
29,490
Due after more than one year
Other debtors 38,000
67,490
6. Creditors: Amounts Falling Due Within One Year
31 January 2024
£
Trade creditors 1,120
Other creditors 25,803
Taxation and social security 5,536
32,459
7. Creditors: Amounts Falling Due After More Than One Year
31 January 2024
£
Bank loans 957,997
Other creditors 1,138,103
2,096,100
Page 5
Page 6
8. Share Capital
31 January 2024
£
Allotted, Called up and fully paid 100
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
31 January 2024
£
Mr Christopher Stuart 1,000
Mrs Amy Stuart 1,000
10. Reserves
Revaluation Reserve
£
Net investment property revaluation reserve 163,900
As at 31 January 2024 163,900
Page 6