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REGISTERED NUMBER: 00831982 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

YORKSHIRE MERCHANT SECURITIES LIMITED

YORKSHIRE MERCHANT SECURITIES LIMITED (REGISTERED NUMBER: 00831982)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YORKSHIRE MERCHANT SECURITIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs C J Watson
Mr D S R Watson
Mr C D R Watson





REGISTERED OFFICE: Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH





BUSINESS ADDRESS: Broome Cottage
Evenlode
MORETON-IN-MARSH
Gloucestershire
GL56 0NN





REGISTERED NUMBER: 00831982 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

YORKSHIRE MERCHANT SECURITIES LIMITED (REGISTERED NUMBER: 00831982)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,200,000 1,200,000
1,200,000 1,200,000

CURRENT ASSETS
Debtors 6 2,400 2,400
Cash at bank 17,114 427
19,514 2,827
CREDITORS
Amounts falling due within one year 7 179,328 186,059
NET CURRENT LIABILITIES (159,814 ) (183,232 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,040,186

1,016,768

CREDITORS
Amounts falling due after more than one
year

8

(65,587

)

(22,174

)

PROVISIONS FOR LIABILITIES 10 (66,184 ) (50,300 )
NET ASSETS 908,415 944,294

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 268,148 284,032
Retained earnings 640,167 660,162
SHAREHOLDERS' FUNDS 908,415 944,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

YORKSHIRE MERCHANT SECURITIES LIMITED (REGISTERED NUMBER: 00831982)

BALANCE SHEET - continued
31 MARCH 2024


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 28 October 2024 and were signed on its behalf by:




Mr D S R Watson - Director



Mr C D R Watson - Director


YORKSHIRE MERCHANT SECURITIES LIMITED (REGISTERED NUMBER: 00831982)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Yorkshire Merchant Securities 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 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 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 3 (2023 - 3 ) .

YORKSHIRE MERCHANT SECURITIES LIMITED (REGISTERED NUMBER: 00831982)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 8,519
DEPRECIATION
At 1 April 2023
and 31 March 2024 8,519
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,200,000
NET BOOK VALUE
At 31 March 2024 1,200,000
At 31 March 2023 1,200,000

If the investment property was sold for its fair value, there would be tax payable of £66,184 .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 2,400 2,400

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 17,876 3,876
Trade creditors 797 709
Social security and other taxes 149 70
Other creditors 30 30
Directors' current accounts 141,972 168,496
Accruals and deferred income 10,511 4,884
Accrued expenses 7,993 7,994
179,328 186,059

YORKSHIRE MERCHANT SECURITIES LIMITED (REGISTERED NUMBER: 00831982)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 17,876 3,876
Bank loans - 2-5 years 44,295 11,628
Bank loans more 5 yr by instal 3,416 6,670
65,587 22,174

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,416 6,670

9. SECURED DEBTS

Nationwide Finance Limited took out a First Fixed Charge dated 23 August 2023 over all present and future properties and interests of the company.

Nationwide Finance Limited took out a Fixed Charge by way of a legal mortgage dated 16 August 2023 over all of the property known as Broome Cottage, Evenlode, Moreton-in-Marsh, GL56 0NN.

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 66,184 50,300

Deferred
tax
£   
Balance at 1 April 2023 50,300
Movement in year 15,884
Balance at 31 March 2024 66,184

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

12. RELATED PARTY DISCLOSURES

During the year Mr DSR Watson, Mrs C J Watson and Mr C D R Watson paid rent to the company of £22,200 (2023 : £22,200) and provided the company with an interest free loan.