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REGISTERED NUMBER: 07805243 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD

31 DECEMBER 2022 TO 29 DECEMBER 2023

FOR

YISHLET PROPERTIES LIMITED

YISHLET PROPERTIES LIMITED (REGISTERED NUMBER: 07805243)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 9

YISHLET PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023







DIRECTORS: S Freilich
L C Freilich





SECRETARY: B Grossman





REGISTERED OFFICE: 5 Sentinel Square
Hendon
London
NW4 2EL





REGISTERED NUMBER: 07805243 (England and Wales)





ACCOUNTANTS: MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
HA8 7LW

YISHLET PROPERTIES LIMITED (REGISTERED NUMBER: 07805243)

BALANCE SHEET
29 DECEMBER 2023

29.12.23 30.12.22
Notes £    £   
FIXED ASSETS
Investment property 4 1,040,000 1,040,000

CURRENT ASSETS
Debtors 5 135,597 89,664

CREDITORS
Amounts falling due within one year 6 (428,254 ) (410,696 )
NET CURRENT LIABILITIES (292,657 ) (321,032 )
TOTAL ASSETS LESS CURRENT LIABILITIES 747,343 718,968

CREDITORS
Amounts falling due after more than one year 7 (632,341 ) (632,341 )
NET ASSETS 115,002 86,627

CAPITAL AND RESERVES
Called up share capital 10 1 1
Fair value reserve 11 91,757 91,757
Retained earnings 11 23,244 (5,131 )
SHAREHOLDERS' FUNDS 115,002 86,627

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 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.

YISHLET PROPERTIES LIMITED (REGISTERED NUMBER: 07805243)

BALANCE SHEET - continued
29 DECEMBER 2023


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

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 24 September 2024 and were signed on its behalf by:





L C Freilich - Director


YISHLET PROPERTIES LIMITED (REGISTERED NUMBER: 07805243)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


1. STATUTORY INFORMATION

Yishlet 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents rental income receivable.

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 period 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.

YISHLET PROPERTIES LIMITED (REGISTERED NUMBER: 07805243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Cash and cash equivalent
Cash and cash equivalent include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction and where material are subsequently measured at amortised cost using the effective interest method, less any impairment.

Basic financial liabilities
Basic financial liabilities, including trade and other payables and loans from company undertakings that are classified as debt are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest .

Trade creditors are obligations to pay for goods or services that have been acquired that have been acquired in the ordinary course of business from suppliers. Accounts payables are classified as current liabilities if a payment is due within one year or less. If not, they are present as non current liabilities. Short term creditors are initially recognised at transaction price and where material are subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transactions price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 December 2022
and 29 December 2023 1,040,000
NET BOOK VALUE
At 29 December 2023 1,040,000
At 30 December 2022 1,040,000

YISHLET PROPERTIES LIMITED (REGISTERED NUMBER: 07805243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.23 30.12.22
£    £   
Other debtors 135,597 89,664

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.23 30.12.22
£    £   
Amounts owed to group undertakings 397,674 387,674
Taxation and social security 11,310 3,752
Other creditors 19,270 19,270
428,254 410,696

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.12.23 30.12.22
£    £   
Bank loans (see note 8) 632,341 632,341

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 632,341 632,341

8. LOANS

An analysis of the maturity of loans is given below:

29.12.23 30.12.22
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 632,341 632,341

9. SECURED DEBTS

The following secured debts are included within creditors:

29.12.23 30.12.22
£    £   
Bank loans 632,341 632,341

Bank loans are secured against the investment property held by the company.

YISHLET PROPERTIES LIMITED (REGISTERED NUMBER: 07805243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.12.23 30.12.22
value: £    £   
1 Ordinary 1 1 1

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 31 December 2022 (5,131 ) 91,757 86,626
Profit for the period 28,375 28,375
At 29 December 2023 23,244 91,757 115,001

12. RELATED PARTY DISCLOSURES

Buy To Let Investments Ltd

A company which is controlled by a close family member of the director


This amount is repayable on demand.

29.12.23 30.12.22
£    £   
Amount due to related party at the balance sheet date 105,876 105,876

Moreland Property Group Ltd

A company under common control


29.12.23 30.12.22
£    £   
Amount due to related party at the balance sheet date 1,690 1,690

YISHLET PROPERTIES LIMITED (REGISTERED NUMBER: 07805243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


12. RELATED PARTY DISCLOSURES - continued

MP Group Services Ltd

A company which is controlled by a close family member of the director


This amount is repayable on demand.

29.12.23 30.12.22
£    £   
Amount due to related party at the balance sheet date 290,108 280,108

13. ULTIMATE PARENT COMPANY

The Moreland Property Group is regarded by the directors as being the ultimate parent company.

ULTIMATE CONTROLLING PARTY

The director considers the ultimate controlling party of the company to be the board of the Moreland Property Group Limited.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
YISHLET PROPERTIES LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Yishlet Properties Limited for the period ended 29 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Yishlet Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Yishlet Properties Limited and state those matters that we have agreed to state to the Board of Directors of Yishlet Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Yishlet Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Yishlet Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Yishlet Properties Limited. You consider that Yishlet Properties Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Yishlet Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
HA8 7LW


24 September 2024