IRIS Accounts Production v24.1.4.33 10512477 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model Ordinary A Shares 1.00000 Ordinary B Shares 1.00000 43876 99926 7048 56050 36828 43876 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh105124772022-12-31105124772023-12-31105124772023-01-012023-12-31105124772021-12-31105124772022-01-012022-12-31105124772022-12-3110512477ns15:EnglandWales2023-01-012023-12-3110512477ns14:PoundSterling2023-01-012023-12-3110512477ns10:Director12023-01-012023-12-3110512477ns10:Director22023-01-012023-12-3110512477ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3110512477ns10:SmallEntities2023-01-012023-12-3110512477ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3110512477ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3110512477ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3110512477ns10:AbridgedAccounts2023-01-012023-12-3110512477ns10:OrdinaryShareClass12023-01-012023-12-3110512477ns10:OrdinaryShareClass22023-01-012023-12-311051247742ns10:Director22022-12-311051247742ns10:Director22021-12-311051247742ns10:Director22023-01-012023-12-311051247742ns10:Director22022-01-012022-12-311051247742ns10:Director22023-12-311051247742ns10:Director22022-12-3110512477ns10:RegisteredOffice2023-01-012023-12-3110512477ns5:CurrentFinancialInstruments2023-12-3110512477ns5:CurrentFinancialInstruments2022-12-3110512477ns5:Non-currentFinancialInstruments2023-12-3110512477ns5:Non-currentFinancialInstruments2022-12-3110512477ns5:ShareCapital2023-12-3110512477ns5:ShareCapital2022-12-3110512477ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3110512477ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3110512477ns5:RetainedEarningsAccumulatedLosses2023-12-3110512477ns5:RetainedEarningsAccumulatedLosses2022-12-3110512477ns5:FurnitureFittings2023-01-012023-12-3110512477ns5:Secured2023-12-3110512477ns5:Secured2022-12-3110512477ns5:DeferredTaxation2022-12-3110512477ns5:DeferredTaxation2023-01-012023-12-3110512477ns5:DeferredTaxation2023-12-3110512477ns10:OrdinaryShareClass12023-12-3110512477ns10:OrdinaryShareClass22023-12-3110512477ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-31105124771ns10:Director12022-12-31105124771ns10:Director12021-12-31105124771ns10:Director12023-01-012023-12-31105124771ns10:Director12022-01-012022-12-31105124771ns10:Director12023-12-31105124771ns10:Director12022-12-31
REGISTERED NUMBER: 10512477 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

YST Properties Limited

YST Properties Limited (Registered number: 10512477)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


YST Properties Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr A Braimoh
Mrs F Braimoh





REGISTERED OFFICE: 18 Calshot Avenue
Chafford Hundred
Grays
RM16 6QY





REGISTERED NUMBER: 10512477 (England and Wales)





ACCOUNTANTS: Norton Tax Shops Limited
3 & 5 Station Road
Keynsham
Bristol
BS31 2BH

YST Properties Limited (Registered number: 10512477)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 590,000 565,000
590,000 565,000

CURRENT ASSETS
Debtors 500 -
Cash at bank 1,241 1,317
1,741 1,317
CREDITORS
Amounts falling due within one year 38,392 45,004
NET CURRENT LIABILITIES (36,651 ) (43,687 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

553,349

521,313

CREDITORS
Amounts falling due after more than one
year

(406,995

)

(406,995

)

PROVISIONS FOR LIABILITIES 7 (36,184 ) (22,750 )
NET ASSETS 110,170 91,568

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 108,554 96,988
Retained earnings 1,516 (5,520 )
SHAREHOLDERS' FUNDS 110,170 91,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

YST Properties Limited (Registered number: 10512477)

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by:




Mr A Braimoh - Director



Mrs F Braimoh - Director


YST Properties Limited (Registered number: 10512477)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

YST Properties Limited is a private company, limited by shares , registered in England and Wales. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

YST Properties Limited (Registered number: 10512477)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 290
DEPRECIATION
At 1 January 2023
and 31 December 2023 290
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 565,000
Revaluations 25,000
At 31 December 2023 590,000
NET BOOK VALUE
At 31 December 2023 590,000
At 31 December 2022 565,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 25,000
Valuation in 2022 20,000
Valuation in 2021 51,166
Valuation in 2020 48,572
Cost 445,262
590,000

If Investment property had not been revalued they would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 445,262 445,262

The properties have been revalued by the Directors.

YST Properties Limited (Registered number: 10512477)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 406,995 406,995

7. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 36,184 22,750

Deferred
tax
£   
Balance at 1 January 2023 22,750
Charge to Income Statement during year 13,434
Balance at 31 December 2023 36,184

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
50 Ordinary A Shares £1 50 50
50 Ordinary B Shares £1 50 50
100 100

9. RESERVES
Fair
value
reserve
£   
At 1 January 2023 96,988
Movement in year 11,566

At 31 December 2023 108,554

YST Properties Limited (Registered number: 10512477)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mr A Braimoh and Mrs F Braimoh
Balance outstanding at start of year (43,876 ) (99,926 )
Amounts advanced 7,048 56,050
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (36,828 ) (43,876 )