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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
Page
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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
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Seven Yards Properties Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
136,039 
136,039 
Current assets
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)
Capital and reserves
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
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Seven Yards Properties Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
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.
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.
Turnover
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.
4
Investment property
2024 
£ 
Fair value at 1 September 2023
136,039 
At 31 August 2024
136,039 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
388 
- 
Accruals
395 
- 
783 
- 
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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 
£ 
£ 
Bank loans
98,286 
98,230 
Other creditors
750 
750 
Loans from directors
38,985 
39,085 
138,021 
138,065 
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).
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