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REGISTERED NUMBER: 09913597 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

YUILL FAMILY PROPERTIES LTD

YUILL FAMILY PROPERTIES LTD (REGISTERED NUMBER: 09913597)

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


YUILL FAMILY PROPERTIES LTD

Company Information
for the year ended 30 September 2023







Director: Mr I T Yuill





Secretary: Ms Z Yuill





Registered office: Barn 4 Yew Tree Farm
Upper Harlestone
Northampton
NN7 4EL





Registered number: 09913597 (England and Wales)






YUILL FAMILY PROPERTIES LTD (REGISTERED NUMBER: 09913597)

Balance Sheet
30 September 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 4 1,741 -
Tangible assets 5 16,991,945 12,681,242
16,993,686 12,681,242

Current assets
Debtors 6 1,215,728 1,379,511
Cash at bank 2,521 113,941
1,218,249 1,493,452
Creditors
Amounts falling due within one year 7 1,781,493 1,900,243
Net current liabilities (563,244 ) (406,791 )
Total assets less current liabilities 16,430,442 12,274,451

Creditors
Amounts falling due after more than one year 8 (8,410,723 ) (7,603,666 )

Provisions for liabilities (803,517 ) -
Net assets 7,216,202 4,670,785

Capital and reserves
Called up share capital 11 1,000 1,000
Revaluation reserve 8,059,141 4,858,635
Retained earnings (843,939 ) (188,850 )
Shareholders' funds 7,216,202 4,670,785

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.

YUILL FAMILY PROPERTIES LTD (REGISTERED NUMBER: 09913597)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2024 and were signed by:





Mr I T Yuill - Director


YUILL FAMILY PROPERTIES LTD (REGISTERED NUMBER: 09913597)

Notes to the Financial Statements
for the year ended 30 September 2023


1. Statutory information

Yuill Family Properties 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.

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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Licences are being amortised evenly over their estimated useful life of five years.

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 reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

YUILL FAMILY PROPERTIES LTD (REGISTERED NUMBER: 09913597)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

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

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

YUILL FAMILY PROPERTIES LTD (REGISTERED NUMBER: 09913597)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


4. Intangible fixed assets
Patents and
licences
£
Cost
Additions 1,798
At 30 September 2023 1,798
Amortisation
Amortisation for year 57
At 30 September 2023 57
Net book value
At 30 September 2023 1,741

5. Tangible fixed assets
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£ £ £ £ £
Cost or valuation
At 1 October 2022 12,648,908 69,849 23,214 985 12,742,956
Additions 1,128,553 - - - 1,128,553
Disposals - (4,071 ) (23,214 ) - (27,285 )
Revaluations 3,200,506 - - - 3,200,506
At 30 September 2023 16,977,967 65,778 - 985 17,044,730
Depreciation
At 1 October 2022 - 47,863 13,420 431 61,714
Charge for year - 6,134 - 138 6,272
Eliminated on disposal - (1,781 ) (13,420 ) - (15,201 )
At 30 September 2023 - 52,216 - 569 52,785
Net book value
At 30 September 2023 16,977,967 13,562 - 416 16,991,945
At 30 September 2022 12,648,908 21,986 9,794 554 12,681,242

YUILL FAMILY PROPERTIES LTD (REGISTERED NUMBER: 09913597)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


5. Tangible fixed assets - continued

Cost or valuation at 30 September 2023 is represented by:

Fixtures
Freehold and Computer
property fittings equipment Totals
£ £ £ £
Cost 16,977,967 65,778 985 17,044,730

6. Debtors: amounts falling due within one year
2023 2022
£ £
Amounts owed by group undertakings 1,135,823 -
Other debtors 79,905 1,379,511
1,215,728 1,379,511

7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts (see note 9) 85,216 615,551
Trade creditors 8,028 47,365
Amounts owed to group undertakings 1,566,156 -
Taxation and social security 67,638 142,203
Other creditors 54,455 1,095,124
1,781,493 1,900,243

8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans (see note 9) 8,410,723 7,603,666

9. Loans

An analysis of the maturity of loans is given below:

2023 2022
£ £
Amounts falling due within one year or on demand:
Bank loans 85,216 615,551

Amounts falling due between one and two years:
Bank loans - 1-2 years 8,410,723 7,603,666

YUILL FAMILY PROPERTIES LTD (REGISTERED NUMBER: 09913597)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


9. Loans - continued

The loans are secured by a fixed charge over tangible and intangible assets, with a floating charge over all remaining assets.

10. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 21,190 8,725
Between one and five years - 21,190
21,190 29,915

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1,000 Ordinary £1 1,000 1,000

12. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the year ended 30 September 2023 and the period ended 30 September 2022:

2023 2022
£ £
Mr I T Yuill
Balance outstanding at start of year 347,340 120,256
Amounts advanced 157,881 229,612
Amounts repaid (505,221 ) (2,528 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 347,340

13. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.