Company registration number 03424265 (England and Wales)
YEOMAN PROPERTY DEVELOPMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
YEOMAN PROPERTY DEVELOPMENTS LIMITED
COMPANY INFORMATION
Director
Mr J W Hemans
Secretary
F M Hemans
Company number
03424265
Registered office
Manor Farm
Stour Provost
Gillingham
Dorset
SP8 5SA
Accountants
Abbeycure Limited T/as Gambrill & Co
Gautam House
1 - 3 Shenley Avenue
Ruislip Manor
Middlesex
HA4 6BP
YEOMAN PROPERTY DEVELOPMENTS LIMITED
CONTENTS
Page
Balance sheet
2
Notes to the financial statements
3 - 5
YEOMAN PROPERTY DEVELOPMENTS LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF YEOMAN PROPERTY DEVELOPMENTS LIMITED FOR THE YEAR ENDED 29 FEBRUARY 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Yeoman Property Developments Limited for the year ended 29 February 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

It is your duty to ensure that Yeoman Property Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Yeoman Property Developments Limited. You consider that Yeoman Property Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Yeoman Property Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Abbeycure Limited T/as Gambrill & Co
21 November 2024
Gautam House
1 - 3 Shenley Avenue
Ruislip Manor
Middlesex
HA4 6BP
YEOMAN PROPERTY DEVELOPMENTS LIMITED
BALANCE SHEET
AS AT
29 FEBRUARY 2024
29 February 2024
- 2 -
29 February 2024
28 February 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
10,194
11,993
Investments
4
167,307
167,307
177,501
179,300
Current assets
Stocks
75,635
75,635
Debtors
5
6,166,386
4,751,919
Cash at bank and in hand
234,772
381,341
6,476,793
5,208,895
Creditors: amounts falling due within one year
6
(4,576,310)
(3,714,922)
Net current assets
1,900,483
1,493,973
Net assets
2,077,984
1,673,273
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
2,077,982
1,673,271
Total equity
2,077,984
1,673,273

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 21 November 2024
Mr J W Hemans
Director
YEOMAN PROPERTY DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 3 -
1
Accounting policies
Company information

Yeoman Property Developments Limited is a private company limited by shares incorporated in England and Wales. The registered office is Manor Farm, Stour Provost, Gillingham, Dorset, SP8 5SA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
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.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Short Leasehold
evenly over 25 years
Plant and equipment
15% on reducing balance
Motor vehicles
15% on reducing balance
1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

YEOMAN PROPERTY DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Short Leasehold
Plant and equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 March 2023 and 29 February 2024
17,166
41,456
8,000
66,622
Depreciation and impairment
At 1 March 2023
12,587
35,731
6,311
54,629
Depreciation charged in the year
687
859
253
1,799
At 29 February 2024
13,274
36,590
6,564
56,428
Carrying amount
At 29 February 2024
3,892
4,866
1,436
10,194
At 28 February 2023
4,579
5,725
1,689
11,993
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings
106
106
Other investments
167,201
167,201
167,307
167,307
YEOMAN PROPERTY DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
4
Fixed asset investments
(Continued)
- 5 -
Movements in fixed asset investments
Shares in subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 March 2023
106
167,201
167,307
At 29 February 2024
106
167,201
167,307
Carrying amount
At 29 February 2024
106
167,201
167,307
At 28 February 2023
106
167,201
167,307
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
104,313
52,258
Other debtors
4,024,656
2,732,023
Prepayments and accrued income
2,037,417
1,967,638
6,166,386
4,751,919
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
2,423,168
1,762,091
Corporation tax
136,881
226,929
Other taxation and social security
14,461
10,846
Deferred income
-
0
22,822
Other creditors
1,998,850
1,620,531
Accruals and deferred income
2,950
71,703
4,576,310
3,714,922
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