Registration number:
Yew Tree Property Company (Nantwich) Limited
For The Year Ended 30 April 2024
Yew Tree Property Company (Nantwich) Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
Yew Tree Property Company (Nantwich) Limited
(Registration number: 11857374)
Balance Sheet as at 30 April 2024
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2023 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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Yew Tree Property Company (Nantwich) Limited
(Registration number: 11857374)
Balance Sheet as at 30 April 2024
For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Yew Tree Property Company (Nantwich) Limited
Notes to the Unaudited Financial Statements For The Year Ended 30 April 2024
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Revenue includes the fair value of rental income from leased properties. The income is recognised as it falls due, in accordance with the lease to which it relates.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
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 .
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Yew Tree Property Company (Nantwich) Limited
Notes to the Unaudited Financial Statements For The Year Ended 30 April 2024
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Fixtures and equipment |
At varying rates between 10% and 25% on a straight line basis. |
Investment property
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Yew Tree Property Company (Nantwich) Limited
Notes to the Unaudited Financial Statements For The Year Ended 30 April 2024
Tangible assets |
Other tangible assets |
Total |
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Cost or valuation |
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At 1 May 2023 |
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At 30 April 2024 |
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Depreciation |
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At 1 May 2023 |
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Charge for the year |
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At 30 April 2024 |
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Carrying amount |
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At 30 April 2024 |
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At 30 April 2023 |
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Investment properties |
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At 1 May |
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At 30 April 2024 |
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The directors consider the carrying value of the investment property to be not materially different to its fair value at 30 April 2024.
Creditors |
Creditors: amounts falling due within one year
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2024 |
2023 |
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Loans and borrowings |
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Taxation and social security |
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Other creditors |
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Yew Tree Property Company (Nantwich) Limited
Notes to the Unaudited Financial Statements For The Year Ended 30 April 2024
Creditors: amounts falling due after more than one year
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2024 |
2023 |
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Loans and borrowings |
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Loans and borrowings |
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2023 |
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Current loans and borrowings |
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Bank borrowings |
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2023 |
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Non-current loans and borrowings |
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Bank borrowings |
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Loans and borrowings include bank loans repayable by instalments of £283,080 (2023 - £293,375) due after more than five years. The bank borrowings are secured by way of a legal charge over the investment property held by the company.