Acorah Software Products - Accounts Production 16.1.300 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 08760494 Mrs Yvonne Sykes Mrs Elizabeth Helena Sykes Mr Stephen Trevor David Sykes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08760494 2023-11-30 08760494 2024-11-30 08760494 2023-12-01 2024-11-30 08760494 frs-core:CurrentFinancialInstruments 2024-11-30 08760494 frs-core:FurnitureFittings 2024-11-30 08760494 frs-core:FurnitureFittings 2023-12-01 2024-11-30 08760494 frs-core:FurnitureFittings 2023-11-30 08760494 frs-core:ShareCapital 2024-11-30 08760494 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 08760494 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 08760494 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 08760494 frs-bus:SmallEntities 2023-12-01 2024-11-30 08760494 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 08760494 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 08760494 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-11-30 08760494 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-11-30 08760494 frs-bus:Director1 2023-12-01 2024-11-30 08760494 frs-bus:Director2 2023-12-01 2024-11-30 08760494 frs-bus:Director3 2023-12-01 2024-11-30 08760494 frs-countries:EnglandWales 2023-12-01 2024-11-30 08760494 2022-11-30 08760494 2023-11-30 08760494 2022-12-01 2023-11-30 08760494 frs-core:CurrentFinancialInstruments 2023-11-30 08760494 frs-core:ShareCapital 2023-11-30 08760494 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 08760494 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-11-30
Registered number: 08760494
Yes Homes Limited
Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08760494
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 212 2,735
Investment Properties 5 1,534,750 1,492,000
1,534,962 1,494,735
CURRENT ASSETS
Debtors 6 824 821
Cash at bank and in hand 57,947 22,359
58,771 23,180
Creditors: Amounts Falling Due Within One Year 7 (1,203,973 ) (1,202,693 )
NET CURRENT ASSETS (LIABILITIES) (1,145,202 ) (1,179,513 )
TOTAL ASSETS LESS CURRENT LIABILITIES 389,760 315,222
PROVISIONS FOR LIABILITIES
Deferred Taxation (40,052 ) (46,960 )
NET ASSETS 349,708 268,262
CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 143,887 94,229
Profit and Loss Account 205,721 173,933
SHAREHOLDERS' FUNDS 349,708 268,262
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Page 2
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stephen Trevor David Sykes
Director
10/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Yes Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08760494 . The registered office is Adams & Moore House, Instone Road, Dartford, Kent, DA1 2AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents rental income which relates to the period under review. Where rent is received which relates to a later period, appropriate adjustments are made and included in creditors due within one year.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on cost
2.4. Investment Properties
Investment property is included at fair value. Gains or losses are recognised in the income statement. Deferred taxation is provided on these gains or losses at the rate expected to apply when the property is sold.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees during the year was as follows: NIL (2023: NIL)
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4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 December 2023 13,373
As at 30 November 2024 13,373
Depreciation
As at 1 December 2023 10,638
Provided during the period 2,523
As at 30 November 2024 13,161
Net Book Value
As at 30 November 2024 212
As at 1 December 2023 2,735
5. Investment Property
2024
£
Fair Value
As at 1 December 2023 1,492,000
Revaluations 42,750
As at 30 November 2024 1,534,750
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 824 821
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,195,925 1,195,612
Taxation and social security 8,048 7,081
1,203,973 1,202,693
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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Page 5
9. Reserves
Fair Value Reserve
£
As at 1 December 2023 94,229
Movements in fair value reserve 49,658
As at 30 November 2024 143,887
Page 5