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REGISTERED NUMBER: 10453584 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

J & P Yates Limited

J & P Yates Limited (Registered number: 10453584)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J & P Yates Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J Yates
P Yates





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 10453584 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

J & P Yates Limited (Registered number: 10453584)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 678,244 1,046,404
Investments 5 100 100
678,344 1,046,504

CURRENT ASSETS
Debtors 6 234,678 50,991
Cash at bank 2,319 779
236,997 51,770
CREDITORS
Amounts falling due within one year 7 104,286 183,574
NET CURRENT ASSETS/(LIABILITIES) 132,711 (131,804 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

811,055

914,700

CREDITORS
Amounts falling due after more than one
year

8

(154,500

)

(6,478

)

PROVISIONS FOR LIABILITIES - (66,204 )
NET ASSETS 656,555 842,018

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 656,355 841,818
656,555 842,018

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

J & P Yates Limited (Registered number: 10453584)

Balance Sheet - continued
30 April 2024


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 31 January 2025 and were signed on its behalf by:





J Yates - Director


J & P Yates Limited (Registered number: 10453584)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

J & P Yates 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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is derived from ordinary activities and is measured at the fair value of the consideration received or receivable from rent and consultancy fees, excluding discounts, rebates, value added tax and other sales taxes. The company recognises revenue in the period which the rent or service is accrued.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - in accordance with the property
Plant and machinery etc - 15% on reducing balance and 10% on reducing balance

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

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand) are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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.


J & P Yates Limited (Registered number: 10453584)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 675,000 649,186 1,324,186
Disposals - (320,831 ) (320,831 )
At 30 April 2024 675,000 328,355 1,003,355
DEPRECIATION
At 1 May 2023 - 277,782 277,782
Charge for year - 164,696 164,696
Eliminated on disposal - (117,367 ) (117,367 )
At 30 April 2024 - 325,111 325,111
NET BOOK VALUE
At 30 April 2024 675,000 3,244 678,244
At 30 April 2023 675,000 371,404 1,046,404

J & P Yates Limited (Registered number: 10453584)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 169,372
Disposals (64,980 )
Transfer to ownership (104,392 )
At 30 April 2024 -
DEPRECIATION
At 1 May 2023 63,043
Eliminated on disposal (21,893 )
Transfer to ownership (41,150 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 106,329

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 100
NET BOOK VALUE
At 30 April 2024 100
At 30 April 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed by group undertakings 225,667 -
Other debtors 9,011 50,991
234,678 50,991

J & P Yates Limited (Registered number: 10453584)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts - 17,205
Amounts owed to group undertakings - 38,110
Amounts owed to associates 87,581 111,182
Taxation and social security 6,414 13,118
Other creditors 10,291 3,959
104,286 183,574

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 154,500 -
Hire purchase contracts - 6,478
154,500 6,478

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 154,500 -
Hire purchase contracts - 23,683
154,500 23,683

10. RELATED PARTY DISCLOSURES

Included in debtors is £225,667 (2023: (£38,110)) due from the subsidiary of J & P Yates Ltd and included in creditors is £87,581 (2023: £111,182) due to a company which is under common control with J & P Yates Ltd. Both of which are interest free and repayable on demand.