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Company registration number: 06864331







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
28 MARCH 2024


YARWELL ESTATES LIMITED






































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YARWELL ESTATES LIMITED
 


 
COMPANY INFORMATION


Directors
M. C. Annis (appointed 14 April 2023)
C. Crickmore (resigned 14 April 2023)
F. Doe (resigned 14 April 2023)




Registered number
06864331



Registered office
Ashcombe House
5 The Crescent

Leatherhead

Surrey

KT22 8DY




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


YARWELL ESTATES LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 


YARWELL ESTATES LIMITED
REGISTERED NUMBER:06864331



STATEMENT OF FINANCIAL POSITION
AS AT 28 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
15,000,000
13,250,000

  
15,000,000
13,250,000

  

Creditors: amounts falling due within one year
 5 
(83,404)
(83,404)

Net current liabilities
  
 
 
(83,404)
 
 
(83,404)

Total assets less current liabilities
  
14,916,596
13,166,596

Provisions for liabilities
  

Deferred tax
  
(3,366,500)
(2,929,000)

  
 
 
(3,366,500)
 
 
(2,929,000)

Net assets
  
11,550,096
10,237,596


Capital and reserves
  

Allotted, called up and fully paid share capital
  
1
1

Revaluation reserve
  
10,099,500
8,787,000

Profit and loss account
  
1,450,595
1,450,595

  
11,550,096
10,237,596


Page 1

 


YARWELL ESTATES LIMITED
REGISTERED NUMBER:06864331


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 MARCH 2024

The directors consider 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 directors acknowledge their 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 income statement 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 by: 




M. C. Annis
Director

Date: 2 December 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


YARWELL ESTATES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 MARCH 2024

1.


General information

Yarwell Estates Limited is a private company limited by shares incorporated in England and Wales. Details of the Company's registered office can be found on the Company information page. The Company's principal place of business is Yarwell Mill Country Park, Mill Road, Peterborough, PE8 6PZ. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.

The following principal accounting policies have been applied:

 
2.2

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Mobile home park land
-
Nil
Plant and machinery
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.3

Revaluation of tangible fixed assets

Individual freehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

Page 3

 


YARWELL ESTATES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 MARCH 2024

2.Accounting policies (continued)

 
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.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The Company has no employees other than the directors who did not receive any remueration (2023 - Nil).

Page 4

 


YARWELL ESTATES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 MARCH 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 29 March 2023
13,250,000
6,500
13,256,500


Revaluations
1,750,000
-
1,750,000



At 28 March 2024

15,000,000
6,500
15,006,500



Depreciation


At 29 March 2023
-
6,500
6,500



At 28 March 2024

-
6,500
6,500



Net book value



At 28 March 2024
15,000,000
-
15,000,000



At 28 March 2023
13,250,000
-
13,250,000

The freehold propery was revalued by Avison Young (UK) LImited on 13 March 2024 on an open market basis on an operational basis.

If the freehold property had not been included at valuation they would have been included under the historical cost convention as follows:

2024
2023
£
£



Cost
1,534,000
1,534,000

Net book value
1,534,000
1,534,000


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
83,404
83,404

83,404
83,404

Page 5

 


YARWELL ESTATES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 MARCH 2024

6.


Parent company

The parent company is Sunningdale Group Limited, a Company registered in England Wales and whose registered office address is Ashcombe House, 5 The Crescent, Leatherhead, Surrey, KT22 8DY.
Monte Carlo Parks Limited acquired the company on 9 August 2024. Subsequently, the ultimate parent company is Monte Carlo Parks Limited, a Company registered in England & Wales and whose registered address is Ashcombe House, 5 The Crescent, Leatherhead, Surrey, KT22 8DY.

Page 6