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Company No: 14217925 (England and Wales)

GHA YUILL PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

GHA YUILL PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

GHA YUILL PROPERTIES LIMITED

COMPANY INFORMATION

For the financial year ended 31 July 2024
GHA YUILL PROPERTIES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 July 2024
DIRECTORS Amey Yuill
Gavin Yuill
Heather Yuill
REGISTERED OFFICE Gascoyne House Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
IP28 6JY
United Kingdom
COMPANY NUMBER 14217925 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
GHA YUILL PROPERTIES LIMITED

BALANCE SHEET

As at 31 July 2024
GHA YUILL PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 639,497 639,497
639,497 639,497
Current assets
Cash at bank and in hand 15,173 14,066
15,173 14,066
Creditors: amounts falling due within one year 5 ( 176,513) ( 183,229)
Net current liabilities (161,340) (169,163)
Total assets less current liabilities 478,157 470,334
Creditors: amounts falling due after more than one year 6 ( 466,750) ( 466,750)
Net assets 11,407 3,584
Capital and reserves
Called-up share capital 7 3 3
Profit and loss account 11,404 3,581
Total shareholders' funds 11,407 3,584

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

Directors' responsibilities:

The financial statements of GHA Yuill Properties Limited (registered number: 14217925) were approved and authorised for issue by the Board of Directors on 06 November 2024. They were signed on its behalf by:

Gavin Yuill
Director
GHA YUILL PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
GHA YUILL PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

GHA Yuill Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Gascoyne House Moseleys Farm Business Centre, Fornham All Saints, Bury St Edmunds, IP28 6JY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

4. Tangible assets

Land and buildings Total
£ £
Cost
At 01 August 2023 639,497 639,497
At 31 July 2024 639,497 639,497
Accumulated depreciation
At 01 August 2023 0 0
At 31 July 2024 0 0
Net book value
At 31 July 2024 639,497 639,497
At 31 July 2023 639,497 639,497

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 1,835 840
Other creditors 174,678 182,389
176,513 183,229

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 466,750 466,750

Charges are held over the properties of Flat 39 & 32 The Lantern, Tayfen Road, IP33 1TB by Paragon Bank PLC for a total of £466,750.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
3 Ordinary shares of £ 1.00 each 3 3