Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 09666115 Mr Michael Durrell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09666115 2023-07-31 09666115 2024-07-31 09666115 2023-08-01 2024-07-31 09666115 frs-core:CurrentFinancialInstruments 2024-07-31 09666115 frs-core:Non-currentFinancialInstruments 2024-07-31 09666115 frs-core:RevaluationReserve 2023-08-01 2024-07-31 09666115 frs-core:RevaluationReserve 2024-07-31 09666115 frs-core:ShareCapital 2024-07-31 09666115 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 09666115 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09666115 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 09666115 frs-bus:SmallEntities 2023-08-01 2024-07-31 09666115 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09666115 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09666115 frs-bus:Director1 2023-08-01 2024-07-31 09666115 frs-countries:EnglandWales 2023-08-01 2024-07-31 09666115 2022-07-31 09666115 2023-07-31 09666115 2022-08-01 2023-07-31 09666115 frs-core:CurrentFinancialInstruments 2023-07-31 09666115 frs-core:Non-currentFinancialInstruments 2023-07-31 09666115 frs-core:RevaluationReserve 2023-07-31 09666115 frs-core:ShareCapital 2023-07-31 09666115 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 09666115
Yes Properties Limited
Financial Statements
For The Year Ended 31 July 2024
Denmark Forrester Limited
Chartered Accountant and Registered Auditor
Office 12 Bentalls Centre
Colchester Road
Maldon
Essex
CM9 4GD
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Mr Michael Durrell
Company Number 09666115
Registered Office Clapgate Farm Building, Unit 1 Bird Lane
Warley Gap
Brentwood
CM13 3DS
Accountants Denmark Forrester Limited
Chartered Accountant and Registered Auditor
Office 12 Bentalls Centre
Colchester Road
Maldon
Essex
CM9 4GD
Page 1
Page 2
Balance Sheet
Registered number: 09666115
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 4,600,001 1,405,252
4,600,001 1,405,252
CURRENT ASSETS
Debtors 5 150,332 224,570
Cash at bank and in hand 12,747 2,835
163,079 227,405
Creditors: Amounts Falling Due Within One Year 6 (285,522 ) (257,176 )
NET CURRENT ASSETS (LIABILITIES) (122,443 ) (29,771 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,477,558 1,375,481
Creditors: Amounts Falling Due After More Than One Year 7 (1,235,171 ) (1,210,583 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (775,460 ) -
NET ASSETS 2,466,927 164,898
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 2,326,380 -
Profit and Loss Account 140,447 164,798
SHAREHOLDERS' FUNDS 2,466,927 164,898
Page 2
Page 3
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Durrell
Director
28th October 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Yes Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09666115 . The registered office is Clapgate Farm Building, Unit 1 Bird Lane, Warley Gap, Brentwood, CM13 3DS.
2. Accounting Policies
2.1. Basis of Preparation of 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.
2.2. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.3. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Investment Property
2024
£
Fair Value
As at 1 August 2023 1,405,252
Additions 92,908
Revaluations 3,101,841
As at 31 July 2024 4,600,001
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 1,483,740 1,405,252
The investment properties were valued by the director at the year end date.
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 134,620 208,135
Prepayments and accrued income 15,712 16,435
150,332 224,570
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 19,973 53,346
Other creditors 263,908 199,999
Taxation and social security 1,641 3,831
285,522 257,176
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,235,171 1,210,583
Page 5
Page 6
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation Reserve
£
Transfer to profit and loss 2,326,380
As at 31 July 2024 2,326,380
10. Related Party Transactions
Yes Contracts Building Services LimitedCommon controlDuring the year the company received funds from Yes Contracts Building Services Limited. At the balance sheet date Yes Contracts Building Services Limited owed the company £134,620 (2023: £149,105).

Yes Contracts Building Services Limited

Common control

During the year the company received funds from Yes Contracts Building Services Limited. At the balance sheet date Yes Contracts Building Services Limited owed the company £134,620 (2023: £149,105).

Yes Store and Ship LimitedCommon controlDuring the year the company received funds from Yes Store and Ship Limited. At the balance sheet date the company owed £19,973 to (2023: was owed £35,555 by) Yes Store and Ship Limited.

Yes Store and Ship Limited

Common control

During the year the company received funds from Yes Store and Ship Limited. At the balance sheet date the company owed £19,973 to (2023: was owed £35,555 by) Yes Store and Ship Limited.

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