Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Mr S A Clapp 22/02/2007 Mrs S G Clapp 14/01/1992 Ms L J Clapp 14/01/1992 Mr V R C Clapp 14/01/1992 06 February 2025 The principal activity of the Company during the financial year was the letting of the company's freehold properties at Old Tiverton Road, Exeter and Manor Road Exeter. 00468690 2024-09-30 00468690 bus:Director1 2024-09-30 00468690 bus:Director2 2024-09-30 00468690 bus:Director3 2024-09-30 00468690 bus:Director4 2024-09-30 00468690 2023-09-30 00468690 core:CurrentFinancialInstruments 2024-09-30 00468690 core:CurrentFinancialInstruments 2023-09-30 00468690 core:ShareCapital 2024-09-30 00468690 core:ShareCapital 2023-09-30 00468690 core:RetainedEarningsAccumulatedLosses 2024-09-30 00468690 core:RetainedEarningsAccumulatedLosses 2023-09-30 00468690 core:PlantMachinery 2023-09-30 00468690 core:ComputerEquipment 2023-09-30 00468690 core:PlantMachinery 2024-09-30 00468690 core:ComputerEquipment 2024-09-30 00468690 bus:OrdinaryShareClass1 2024-09-30 00468690 2023-10-01 2024-09-30 00468690 bus:FilletedAccounts 2023-10-01 2024-09-30 00468690 bus:SmallEntities 2023-10-01 2024-09-30 00468690 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 00468690 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00468690 bus:Director1 2023-10-01 2024-09-30 00468690 bus:Director2 2023-10-01 2024-09-30 00468690 bus:Director3 2023-10-01 2024-09-30 00468690 bus:Director4 2023-10-01 2024-09-30 00468690 core:PlantMachinery 2023-10-01 2024-09-30 00468690 core:ComputerEquipment 2023-10-01 2024-09-30 00468690 2022-10-01 2023-09-30 00468690 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 00468690 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 00468690 (England and Wales)

YEO AND DAVEY (PROPERTIES) LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

YEO AND DAVEY (PROPERTIES) LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

YEO AND DAVEY (PROPERTIES) LIMITED

BALANCE SHEET

As at 30 September 2024
YEO AND DAVEY (PROPERTIES) LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 6,960 7,626
Investment property 4 2,044,796 2,044,796
2,051,756 2,052,422
Current assets
Debtors 5 264,569 261,350
Cash at bank and in hand 91,742 100,487
356,311 361,837
Creditors: amounts falling due within one year 6 ( 14,546) ( 15,083)
Net current assets 341,765 346,754
Total assets less current liabilities 2,393,521 2,399,176
Provision for liabilities ( 79,000) ( 75,500)
Net assets 2,314,521 2,323,676
Capital and reserves
Called-up share capital 7 7,500 7,500
Profit and loss account 2,307,021 2,316,176
Total shareholders' funds 2,314,521 2,323,676

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Yeo and Davey (Properties) Limited (registered number: 00468690) were approved and authorised for issue by the Board of Directors on 06 February 2025. They were signed on its behalf by:

Mr S A Clapp
Director
YEO AND DAVEY (PROPERTIES) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
YEO AND DAVEY (PROPERTIES) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Yeo and Davey (Properties) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is School House, Upton Pyne, Exeter, EX5 5JA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. There are no material departures from FRS102.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

The turnover shown in the profit and loss represents rental income receivable in respect of the financial year.

Taxation

Current tax
Tax is recognised in the 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 corporation 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 country where the company operates and generates taxable income.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Computer equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is carried at open market value, derived from the current market prices for comparable real estate determined annually by the directors. The directors value the property using 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.

Financial instruments

The company holds the following financial instruments:

•Short term trade and other debtors and creditors; and
•Cash and bank balances.

All financial instruments are classified as basic.

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Plant and machinery Computer equipment Total
£ £ £
Cost
At 01 October 2023 26,593 7,532 34,125
Additions 366 708 1,074
At 30 September 2024 26,959 8,240 35,199
Accumulated depreciation
At 01 October 2023 19,083 7,416 26,499
Charge for the financial year 1,575 165 1,740
At 30 September 2024 20,658 7,581 28,239
Net book value
At 30 September 2024 6,301 659 6,960
At 30 September 2023 7,510 116 7,626

4. Investment property

Investment property
£
Valuation
As at 01 October 2023 2,044,796
As at 30 September 2024 2,044,796

The investment property is shown at cost which the directors consider to be the fair value.

5. Debtors

2024 2023
£ £
Trade debtors 2,045 0
Other debtors 262,524 261,350
264,569 261,350

6. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals 3,800 3,810
Taxation and social security 9,996 10,523
Payments received on account 750 750
14,546 15,083

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
7,500 Ordinary shares of £ 1.00 each 7,500 7,500

8. Related party transactions

Other related party transactions

2024 2023
£ £
Amounts owed by a director at the beginning of the year 195,332 195,332
Amounts owed by a director at end of year 195,332 195,332

Amounted owed by directors are repayable on demand and interest was not charged in the current or prior year.