YTF Developments Limited 13128248 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is property development. Digita Accounts Production Advanced 6.30.9574.0 true true 13128248 2023-02-01 2024-01-31 13128248 2024-01-31 13128248 core:RetainedEarningsAccumulatedLosses 2024-01-31 13128248 core:ShareCapital 2024-01-31 13128248 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 13128248 bus:SmallEntities 2023-02-01 2024-01-31 13128248 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13128248 bus:FullAccounts 2023-02-01 2024-01-31 13128248 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13128248 bus:RegisteredOffice 2023-02-01 2024-01-31 13128248 bus:Director1 2023-02-01 2024-01-31 13128248 bus:Director2 2023-02-01 2024-01-31 13128248 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13128248 countries:EnglandWales 2023-02-01 2024-01-31 13128248 2022-02-01 2023-01-31 13128248 2023-01-31 13128248 core:RetainedEarningsAccumulatedLosses 2023-01-31 13128248 core:ShareCapital 2023-01-31 13128248 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 13128248

YTF Developments Limited

Unaudited Financial Statements

for the Year Ended 31 January 2024

 

YTF Developments Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 4

 

YTF Developments Limited

(Registration number: 13128248)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

176,224

175,857

Cash at bank and in hand

 

484

687

 

176,708

176,544

Creditors: Amounts falling due within one year

5

(179,633)

(177,929)

Net liabilities

 

(2,925)

(1,385)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(3,025)

(1,485)

Shareholders' deficit

 

(2,925)

(1,385)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

YTF Developments Limited

(Registration number: 13128248)
Balance Sheet as at 31 January 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the Board on 25 October 2024 and signed on its behalf by:
 

.........................................
Mr T J Price
Director

.........................................
Mr R L P Price
Director

 

YTF Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 The Gables
Green Lane
Higher Poynton
Cheshire
SK12 1TJ
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the directors. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

 

YTF Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Stocks

2024
£

2023
£

Work in progress

176,224

175,857

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

 

Owed to group undertakings

4,900

3,400

Other payables

 

174,213

174,213

Accruals

 

520

316

 

179,633

177,929