Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1No description of principal activity1falsetrue 13720378 2023-04-01 2024-03-31 13720378 2021-11-03 2023-03-31 13720378 2024-03-31 13720378 2023-03-31 13720378 c:Director1 2023-04-01 2024-03-31 13720378 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 13720378 d:FreeholdInvestmentProperty 2024-03-31 13720378 d:FreeholdInvestmentProperty 2023-03-31 13720378 d:CurrentFinancialInstruments 2024-03-31 13720378 d:CurrentFinancialInstruments 2023-03-31 13720378 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13720378 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13720378 d:ShareCapital 2024-03-31 13720378 d:ShareCapital 2023-03-31 13720378 d:RetainedEarningsAccumulatedLosses 2024-03-31 13720378 d:RetainedEarningsAccumulatedLosses 2023-03-31 13720378 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13720378 c:OrdinaryShareClass1 2024-03-31 13720378 c:OrdinaryShareClass1 2023-03-31 13720378 c:FRS102 2023-04-01 2024-03-31 13720378 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13720378 c:FullAccounts 2023-04-01 2024-03-31 13720378 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13720378









YOUMAR PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
YOUMAR PROPERTIES LIMITED
REGISTERED NUMBER: 13720378

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
1,959,094
1,046,379

  
1,959,094
1,046,379

Current assets
  

Debtors: amounts falling due within one year
  
1,484
-

Cash at bank and in hand
 6 
67,414
63,782

  
68,898
63,782

Creditors: amounts falling due within one year
 7 
(1,843,003)
(1,011,962)

Net current liabilities
  
 
 
(1,774,105)
 
 
(948,180)

Total assets less current liabilities
  
184,989
98,199

  

Net assets
  
184,989
98,199


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
184,889
98,099

  
184,989
98,199


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 November 2024.


Page 1

 
YOUMAR PROPERTIES LIMITED
REGISTERED NUMBER: 13720378
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024



Zahair Adil
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
YOUMAR PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Youmar Properties Limited is a private company limited by share capital, incorporated in England and Wales, registration number 13720378. The address of the registered office is 34-36 London Road, Wembley, Middlesex HA9 7EX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rent
Revenue from rent is recognised over the period in which the charge relates to.

 
2.3

Investment property

Investment property is carried at fair value determined annually by the director 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. Changes in fair value are recognised in profit or loss.

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
YOUMAR PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
1,046,379


Additions at cost
912,715



At 31 March 2024
1,959,094

The 2024 valuations were made by the Director, on a fair value basis.








5.


Debtors

2024
2023
£
£


Trade debtors
344
-

Prepayments and accrued income
1,140
-

1,484
-


Page 4

 
YOUMAR PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
67,414
63,783

67,414
63,783



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
108
-

Other taxation and social security
3,943
4,054

Other creditors
1,832,832
1,005,908

Accruals and deferred income
6,120
2,000

1,843,003
1,011,962



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



9.


Related party transactions

Included within Other Creditors due in less than once year at the period end is a loan amount of £1,177,201 (2023: £907,201) due to a company in which the Director has a minority shareholding and is under the control of his family. The loan is unsecured, free of interest and repayable on demand.
Included within Other Creditors due in less than once year at the period end is a loan amount of £648,901 (2023: £90,901) due to the Director. The loan is unsecured, free of interest and repayable on demand.

 
Page 5