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REGISTERED NUMBER: 06624281 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 December 2023

for

YUPELET 2 LTD

YUPELET 2 LTD (REGISTERED NUMBER: 06624281)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YUPELET 2 LTD

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Jason Christopher Coleman





REGISTERED OFFICE: Cleveland House
1-10 Sitwell Street
KINGSTON UPON HULL
East Yorkshire
HU8 7BE





REGISTERED NUMBER: 06624281 (England and Wales)





ACCOUNTANTS: G & C Professionals Limited
trading as Graham & Company
Chartered Certified Accountants
Cleveland House
1-10 Sitwell Street
KINGSTON UPON HULL
East Yorkshire
HU8 7BE

YUPELET 2 LTD (REGISTERED NUMBER: 06624281)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,050,000 4,050,000

CURRENT ASSETS
Debtors 5 70,717 94,622
Cash at bank 189,370 28,730
260,087 123,352
CREDITORS
Amounts falling due within one year 6 40,226 41,379
NET CURRENT ASSETS 219,861 81,973
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,269,861

4,131,973

CREDITORS
Amounts falling due after more than one
year

7

2,846,140

2,666,859
NET ASSETS 1,423,721 1,465,114

CAPITAL AND RESERVES
Called up share capital 9 50 50
Revaluation reserve 10 1,200,669 1,200,669
Capital redemption reserve 10 50 50
Retained earnings 10 222,952 264,345
SHAREHOLDERS' FUNDS 1,423,721 1,465,114

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 director acknowledges his 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.

YUPELET 2 LTD (REGISTERED NUMBER: 06624281)

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.

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

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





Jason Christopher Coleman - Director


YUPELET 2 LTD (REGISTERED NUMBER: 06624281)

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

1. STATUTORY INFORMATION

YUPELET 2 LTD 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Investment properties and their contents are reviewed on an annual basis and revalued, where appropriate, so that they are shown on the balance sheet at their open market value. The valuations are carried out by the company's director. In accordance with Statement of Standard Accounting Practice Number 19, depreciation is only provided in respect of a permanent fall in the value of the company's investment assets . These assets are held for their investment potential and the director considers that the adoption of this policy is necessary in order to give a true and fair view.

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 1 (2022 - 1 ) .

YUPELET 2 LTD (REGISTERED NUMBER: 06624281)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 3,930,000 195,540 4,125,540
DEPRECIATION
At 1 January 2023
and 31 December 2023 - 75,540 75,540
NET BOOK VALUE
At 31 December 2023 3,930,000 120,000 4,050,000
At 31 December 2022 3,930,000 120,000 4,050,000

Cost or valuation at 31 December 2023 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2017 452,326 - 452,326
Valuation in 2012 982,355 - 982,355
Cost 2,495,319 195,540 2,690,859
3,930,000 195,540 4,125,540

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,103 6,129
Other debtors 61,222 81,842
Prepayments 7,392 6,651
70,717 94,622

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,000
Trade creditors 10,500 9,092
Corporation tax - 11,567
Other creditors 11,934 7,770
Accrued expenses 7,792 2,950
40,226 41,379

YUPELET 2 LTD (REGISTERED NUMBER: 06624281)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 18,505 28,103
Other loans (see note 8) 2,827,635 2,638,756
2,846,140 2,666,859

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Property mortgages 2,827,635 2,638,756

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans payable in less
than one year 10,000 10,000
10,000 10,000

Amounts falling due between one and two years:
Bank loans payable in one to two years 10,000 10,000

Amounts falling due between two and five years:
Bank loans payable in two to five years 8,505 18,103

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Property mortgages 2,827,635 2,638,756

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary £1 50 50

YUPELET 2 LTD (REGISTERED NUMBER: 06624281)

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

10. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 January 2023 264,345 1,200,669 50 1,465,064
Deficit for the year (1,393 ) (1,393 )
Dividends (40,000 ) (40,000 )
At 31 December 2023 222,952 1,200,669 50 1,423,671