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REGISTERED NUMBER: 04220018 (England and Wales)















Financial Statements for the Year Ended 30 September 2023

for

YORK APARTMENTS LIMITED

YORK APARTMENTS LIMITED (REGISTERED NUMBER: 04220018)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YORK APARTMENTS LIMITED

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: Mr Z Zi Pear





REGISTERED OFFICE: 1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ





REGISTERED NUMBER: 04220018 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

YORK APARTMENTS LIMITED (REGISTERED NUMBER: 04220018)

Balance Sheet
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,081 4,161
Investment property 5 15,523,614 16,704,364
15,525,695 16,708,525

CURRENT ASSETS
Debtors 6 91,094 41,158
Cash at bank 227,193 141,488
318,287 182,646
CREDITORS
Amounts falling due within one year 7 (282,953 ) (217,539 )
NET CURRENT ASSETS/(LIABILITIES) 35,334 (34,893 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,561,029

16,673,632

CREDITORS
Amounts falling due after more than one
year

8

(4,724,918

)

(5,180,725

)

PROVISIONS FOR LIABILITIES 10 (1,004,844 ) (910,288 )
NET ASSETS 9,831,267 10,582,619

CAPITAL AND RESERVES
Called up share capital 11 488,896 488,896
Revaluation reserve 12 8,431,123 9,331,517
Retained earnings 12 911,248 762,206
SHAREHOLDERS' FUNDS 9,831,267 10,582,619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

YORK APARTMENTS LIMITED (REGISTERED NUMBER: 04220018)

Balance Sheet - continued
30 SEPTEMBER 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 25 September 2024 and were signed by:





Mr Z Zi Pear - Director


YORK APARTMENTS LIMITED (REGISTERED NUMBER: 04220018)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

York Apartments 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income comprises rent receivable from investment properties net of value added tax and is recognised on an
accruals basis.

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 - 33.33% on reducing balance

Investment property
Investment property comprises freehold and long leasehold properties

Initial measurement
Investment properties are initially measured at cost.

Subsequent measurement
Investment properties are measured at fair value at each reporting date with changes in fair values recognised in profit or loss. No depreciation is provided in respect of investment properties.

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.

YORK APARTMENTS LIMITED (REGISTERED NUMBER: 04220018)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2022
and 30 September 2023 83,267
DEPRECIATION
At 1 October 2022 79,106
Charge for year 2,080
At 30 September 2023 81,186
NET BOOK VALUE
At 30 September 2023 2,081
At 30 September 2022 4,161

5. INVESTMENT PROPERTY

Investment properties were valued on an open market basis on 30 September 2022 by the directors.

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2019 7,559,315
Valuation in 2020 2,639,553
Valuation in 2021 (1,630,081 )
Valuation in 2022 (162,634 )
Valuation in 2023 (900,394 )
Cost 8,017,855
15,523,614

YORK APARTMENTS LIMITED (REGISTERED NUMBER: 04220018)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

30.9.23 30.9.22
£    £   
Cost 8,298,211 8,298,211

Investment properties were valued on an open market basis on 30 September 2022 by directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 72,511 16,612
Other debtors 18,583 24,546
91,094 41,158

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 87,860 87,860
Trade creditors 16,110 1,412
Taxation and social security 85,954 49,627
Other creditors 93,029 78,640
282,953 217,539

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 4,724,918 5,180,725

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 4,223,193 4,679,000

Repayable by instalments
Bank loans more 5 yr by instal 165,348 165,348

YORK APARTMENTS LIMITED (REGISTERED NUMBER: 04220018)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans 4,812,778 5,268,585

The bank loans are secured on the investment properties.

10. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax 1,004,844 910,288

Deferred
tax
£   
Balance at 1 October 2022 910,288
Provided during year 94,556
Balance at 30 September 2023 1,004,844

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
244,448 ORDINARY A £1 244,448 244,448
244,448 ORDINARY B £1 244,448 244,448
488,896 488,896

12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 October 2022 762,206 9,331,517 10,093,723
Deficit for the year (751,352 ) (751,352 )
Non distributable reserves 900,394 (900,394 ) -
At 30 September 2023 911,248 8,431,123 9,342,371