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REGISTERED NUMBER: 10506844 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

YLF Property Limited

YLF Property Limited (Registered number: 10506844)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YLF Property Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: M Orford
G Orford





REGISTERED OFFICE: Unit 1
Mildred Sylvester Way
Normanton
Wakefield
West Yorkshire
WF6 1TA





REGISTERED NUMBER: 10506844 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
3 Park Square
Leeds
LS1 2NE

YLF Property Limited (Registered number: 10506844)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,670,835 1,707,157
Investments 5 201 201
1,671,036 1,707,358

CURRENT ASSETS
Debtors 6 39,531 24,029
Cash at bank 77,038 55,527
116,569 79,556
CREDITORS
Amounts falling due within one year 7 203,167 75,193
NET CURRENT (LIABILITIES)/ASSETS (86,598 ) 4,363
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,584,438

1,711,721

CREDITORS
Amounts falling due after more than one
year

8

1,188,063

1,306,418
NET ASSETS 396,375 405,303

CAPITAL AND RESERVES
Called up share capital 11 201 201
Retained earnings 12 396,174 405,102
SHAREHOLDERS' FUNDS 396,375 405,303

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

YLF Property Limited (Registered number: 10506844)

Balance Sheet - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





M Orford - Director


YLF Property Limited (Registered number: 10506844)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

YLF Property 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.

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.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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. EMPLOYEES AND DIRECTORS

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

YLF Property Limited (Registered number: 10506844)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 December 2022
and 30 November 2023 1,816,124
DEPRECIATION
At 1 December 2022 108,967
Charge for year 36,322
At 30 November 2023 145,289
NET BOOK VALUE
At 30 November 2023 1,670,835
At 30 November 2022 1,707,157

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 December 2022
and 30 November 2023 201
NET BOOK VALUE
At 30 November 2023 201
At 30 November 2022 201

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 29,712 13,543
Tax 9,819 9,819
Prepayments - 667
39,531 24,029

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 9) 52,611 51,108
Amounts owed to group undertakings 106,367 -
Tax 28,620 11,343
Social security and other taxes 5,392 4,116
Accrued expenses 10,177 8,626
203,167 75,193

YLF Property Limited (Registered number: 10506844)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 9) 1,088,984 1,143,098
Directors loan accounts 99,079 163,320
1,188,063 1,306,418

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 years 912,338 923,064

9. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 52,611 51,108

Amounts falling due between two and five years:
Bank loans - 2-5 years 176,646 220,034

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more than 5 years 912,338 923,064

10. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 1,141,594 1,143,097

The bank loans are secured by a fixed and floating charge over the assets and undertakings of the company and its subsidiary undertaking.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100
100 B Ordinary £1 100 100
1 C Ordinary £1 1 1
201 201

YLF Property Limited (Registered number: 10506844)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

12. RESERVES
Retained
earnings
£   

At 1 December 2022 405,102
Profit for the year 28,072
Dividends (37,000 )
At 30 November 2023 396,174

13. RELATED PARTY DISCLOSURES

Included in trade debtors at the year end is an amount due from Yorkshire Laser & Fabrication Limited of £13,900 (2022: £11,306).

The company charged Yorkshire Laser & Fabrications Limited £54,000 (2022: £54,148) during the year for rent and £2,860 (2022: £3,431) for insurance.

At 30 November 2023 the company owed £106,367 (2022:£Nil) to Yorkshire Laser & Fabrications Limited.

Yorkshire Laser & Fabrications Limited is a wholly owned subsidiary undertaking of the company.

14. ULTIMATE CONTROL

The company is under the ultimate control of the directors.