Registered number
09677039
Yiewsley Property Ltd
Filleted Accounts
31 December 2023
Yiewsley Property Ltd
Registered number: 09677039
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 429,901 424,490
Current assets
Debtors 4 5,000 -
Cash at bank and in hand 9,326 841
14,326 841
Creditors: amounts falling due within one year 5 (19,490) (7,556)
Net current liabilities (5,164) (6,715)
Total assets less current liabilities 424,737 417,775
Creditors: amounts falling due after more than one year 6 (409,642) (409,642)
Net assets 15,095 8,133
Capital and reserves
Called up share capital 20 20
Profit and loss account 15,075 8,113
Shareholders' funds 15,095 8,133
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kalvin To
Director
Approved by the board on 12 September 2024
Yiewsley Property Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investment Property
Investment properties have been included at cost. The treatment is not inaccordance with FRS102, which requires the investment property to be included at fair values.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 421,580 32,640 454,220
Additions - 7,491 7,491
At 31 December 2023 421,580 40,131 461,711
Depreciation
At 1 January 2023 - 29,730 29,730
Charge for the year - 2,080 2,080
At 31 December 2023 - 31,810 31,810
Net book value
At 31 December 2023 421,580 8,321 429,901
At 31 December 2022 421,580 2,910 424,490
4 Debtors 2023 2022
£ £
Other debtors 5,000 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 1,390 2,606
Other creditors 18,100 4,950
19,490 7,556
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 409,642 409,642
7 Other information
Yiewsley Property Ltd is a private company limited by shares and incorporated in England. Its registered office is:
124 City Road
London
EC1V 2NX
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