2023-11-012024-10-312024-10-31false12933579YEW-HOMES 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YEW-HOMES LTD

Registered Number
12933579
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

YEW-HOMES LTD
Company Information
for the year from 1 November 2023 to 31 October 2024

Directors

M C Barber
C C Newman

Registered Address

14 Park Lane
Paulerspury
Towcester
NN12 7NF

Registered Number

12933579 (England and Wales)
YEW-HOMES LTD
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property3510,000510,000
510,000510,000
Current assets
Cash at bank and on hand912992
912992
Creditors amounts falling due within one year4(2,260)(2,074)
Net current assets (liabilities)(1,348)(1,082)
Total assets less current liabilities508,652508,918
Creditors amounts falling due after one year5(448,732)(453,732)
Provisions for liabilities6(6,650)(6,650)
Net assets53,27048,536
Capital and reserves
Called up share capital11
Profit and loss account53,26948,535
Shareholders' funds53,27048,536
The financial statements were approved and authorised for issue by the Board of Directors on 6 December 2024, and are signed on its behalf by:
C C Newman
Director
Registered Company No. 12933579
YEW-HOMES LTD
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investment property
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.
2.Average number of employees

20242023
Average number of employees during the year00
3.Investment property
There has been no valuation of the investment properties by an independent valuer. However the director has confirmed the value shown in the accounts represents the fair value.

£
Fair value at 01 November 23510,000
At 31 October 24510,000
4.Creditors: amounts due within one year

2024

2023

££
Taxation and social security1,1111,274
Accrued liabilities and deferred income1,149800
Total2,2602,074
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts343,000343,000
Amounts owed to related parties105,732110,732
Total448,732453,732
The bank borrowings are a secured creditor.
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)6,6506,650
Total6,6506,650
7.Related party transactions
Yew-Prop Ltd (parent company) A loan exists between the companies. At the balance sheet date, the amount owed by the company to Yew-Prop Ltd was £105,732 (2023 - £110,732)