Company Registration No. 14315722 (England and Wales)
Seven Yards Properties Limited
Unaudited accounts
for the year ended 31 August 2024
Seven Yards Properties Limited
Unaudited accounts
Contents
Seven Yards Properties Limited
Company Information
for the year ended 31 August 2024
Director
James David White
Company Number
14315722 (England and Wales)
Registered Office
Gatewood House
Gatewood Lane
Cantley
Doncaster
DN3 3PL
England
Accountants
Micro Filer Ltd
International House
64 Nile Street
London
N1 7SR
Seven Yards Properties Limited
Statement of financial position
as at 31 August 2024
Investment property
136,039
136,039
Cash at bank and in hand
4,345
1,911
Creditors: amounts falling due within one year
(783)
-
Net current assets
3,562
1,911
Total assets less current liabilities
139,601
137,950
Creditors: amounts falling due after more than one year
(138,021)
(138,065)
Net assets/(liabilities)
1,580
(115)
Called up share capital
100
-
Profit and loss account
1,480
(115)
Shareholders' funds
1,580
(115)
For the year ending 31 August 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 director acknowledges his 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 11 September 2024 and were signed on its behalf by
James David White
Director
Company Registration No. 14315722
Seven Yards Properties Limited
Notes to the Accounts
for the year ended 31 August 2024
Seven Yards Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 14315722. The registered office is Gatewood House, Gatewood Lane, Cantley, Doncaster, DN3 3PL, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Fair value at 1 September 2023
136,039
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
388
-
Seven Yards Properties Limited
Notes to the Accounts
for the year ended 31 August 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
38,985
39,085
Included within creditors: amounts falling due after one year is an amount of £98,286 (2023 - £98,230) secured against properties owned by the company. There is also an amount of £38,985 (2023: £39,085) owed to the director. This amount is unsecured, non-interest bearing and repayable on demand.
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).