IRIS Accounts Production v24.2.0.383 10017104 director 1.3.23 29.2.24 29.2.24 false true false false true false Fair value model Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh100171042023-02-28100171042024-02-29100171042023-03-012024-02-29100171042022-02-28100171042022-03-012023-02-28100171042023-02-2810017104ns15:EnglandWales2023-03-012024-02-2910017104ns14:PoundSterling2023-03-012024-02-2910017104ns10:Director12023-03-012024-02-2910017104ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2910017104ns10:SmallEntities2023-03-012024-02-2910017104ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2910017104ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2910017104ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2910017104ns10:FullAccounts2023-03-012024-02-2910017104ns10:OrdinaryShareClass12023-03-012024-02-2910017104ns10:RegisteredOffice2023-03-012024-02-2910017104ns5:CurrentFinancialInstruments2024-02-2910017104ns5:CurrentFinancialInstruments2023-02-2810017104ns5:ShareCapital2024-02-2910017104ns5:ShareCapital2023-02-2810017104ns5:RetainedEarningsAccumulatedLosses2024-02-2910017104ns5:RetainedEarningsAccumulatedLosses2023-02-2810017104ns5:PlantMachinery2023-03-012024-02-2910017104ns5:PlantMachinery2023-02-2810017104ns5:PlantMachinery2024-02-2910017104ns5:PlantMachinery2023-02-2810017104ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2910017104ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2810017104ns10:OrdinaryShareClass12024-02-2910017104ns5:RetainedEarningsAccumulatedLosses2023-02-2810017104ns5:RetainedEarningsAccumulatedLosses2023-03-012024-02-291001710412023-03-012024-02-29
REGISTERED NUMBER: 10017104 (England and Wales)















YNS PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024






YNS PROPERTIES LIMITED (REGISTERED NUMBER: 10017104)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


YNS PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Z Yunus





REGISTERED OFFICE: 2nd Floor, One Hobbs House
Harrovian Business Village
Bessborough Road
Harrow
HA1 3EX





REGISTERED NUMBER: 10017104 (England and Wales)





ACCOUNTANTS: Albury Associates Limited
2nd Floor, One Hobbs House,
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

YNS PROPERTIES LIMITED (REGISTERED NUMBER: 10017104)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,050 1,660
Investment property 5 640,834 -
641,884 1,660

CURRENT ASSETS
Debtors 6 7,071 1,133
Cash at bank 521,610 1,225,933
528,681 1,227,066
CREDITORS
Amounts falling due within one year 7 931,556 939,986
NET CURRENT (LIABILITIES)/ASSETS (402,875 ) 287,080
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,009

288,740

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 238,909 288,640
SHAREHOLDERS' FUNDS 239,009 288,740

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





Z Yunus - Director


YNS PROPERTIES LIMITED (REGISTERED NUMBER: 10017104)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

YNS Properties Limited 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Although the Companies Act require the systematic annual depreciation of fixed assets, the directors believe the policy of not providing depreciation is necessary in order for the financial statements to give a true and fair view, since the current value of properties, and changes to that value, are of primary importance rather a calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation and the amount that might otherwise have been included cannot be separately identified or quantified.

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.

Cash at bank and in hand
Cash at bank and in hand is represented by cash in hand and deposits held with financial institutions repayable without penalty or a notice of not less than 24 hour's.

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

YNS PROPERTIES LIMITED (REGISTERED NUMBER: 10017104)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 15,417
DEPRECIATION
At 1 March 2023 13,757
Charge for year 610
At 29 February 2024 14,367
NET BOOK VALUE
At 29 February 2024 1,050
At 28 February 2023 1,660

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 640,834
At 29 February 2024 640,834
NET BOOK VALUE
At 29 February 2024 640,834

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 7,071 1,133

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax - 1,371
Directors' loan accounts 930,356 937,535
Accrued expenses 1,200 1,080
931,556 939,986

YNS PROPERTIES LIMITED (REGISTERED NUMBER: 10017104)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary Shares £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 March 2023 288,640
Deficit for the year (48,731 )
Dividends (1,000 )
At 29 February 2024 238,909

10. RELATED PARTY DISCLOSURES

At the year-end date, included within creditors, amount falling due within one year, is £930,357 (2023: £937,535) owed to the director, Mr Z Yunus.

This amount is unsecured, interest free and repayable on demand.

11. POST BALANCE SHEET EVENTS

Since the year-end date, the director has acquired an additional property, on 16 July 2024.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Z Yunus.