Registered number
12007886
Yardshore Ltd
Filleted Accounts
31 May 2024
Yardshore Ltd
Registered number: 12007886
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 420,000 420,000
Current assets
Debtors 4 371,100 389,100
Cash at bank and in hand 553 3,866
371,653 392,966
Creditors: amounts falling due within one year 5 (433,234) (436,364)
Net current liabilities (61,581) (43,398)
Total assets less current liabilities 358,419 376,602
Creditors: amounts falling due after more than one year 6 (402,249) (408,131)
Net liabilities (43,830) (31,529)
Capital and reserves
Called up share capital 1 1
Profit and loss account (43,831) (31,530)
Shareholders' funds (43,830) (31,529)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
David Breisch
Director
Approved by the board on 26 February 2025
Yardshore Ltd
Notes to the Accounts
for the period from 31 May 2023 to 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 31 May 2023 420,000
At 31 May 2024 420,000
Depreciation
At 31 May 2024 -
Net book value
At 31 May 2024 420,000
At 30 May 2023 420,000
4 Debtors 2024 2023
£ £
Other debtors 221,000 261,000
Related party transactions 150,100 128,100
371,100 389,100
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 433,234 436,364
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 35,294 41,176
Long term contracts 316,955 316,955
Other creditors 50,000 50,000
402,249 408,131
7 Related party transactions
During the financial period, Yardshore Ltd made and received related party transactions to and from the following companies. As of the year end date, the aggregate amounts in debtors were:

Bloom Commercial Properties Limited: £6,600
Foburg Enterprises Ltd: -£19,000
Greenline Estates Limited: £70,900
Greenline Housing Limited: £73,500
Greenline Ventures Limited: £13,000
Gunton Properties Limited: £5,000
8 Other information
Yardshore Ltd is a private company limited by shares and incorporated in England. Its registered office is:
158 Cromwell Road
Salford
M6 6DE
Yardshore Ltd 12007886 false 2023-05-31 2024-05-31 2024-05-31 VT Final Accounts July 2024 David Breisch No description of principal activity 12007886 2022-05-31 2023-05-30 12007886 core:WithinOneYear 2023-05-30 12007886 core:AfterOneYear 2023-05-30 12007886 core:ShareCapital 2023-05-30 12007886 core:RetainedEarningsAccumulatedLosses 2023-05-30 12007886 2023-05-31 2024-05-31 12007886 bus:PrivateLimitedCompanyLtd 2023-05-31 2024-05-31 12007886 bus:AuditExempt-NoAccountantsReport 2023-05-31 2024-05-31 12007886 bus:Director40 2023-05-31 2024-05-31 12007886 1 2023-05-31 2024-05-31 12007886 2 2023-05-31 2024-05-31 12007886 countries:England 2023-05-31 2024-05-31 12007886 bus:FRS102 2023-05-31 2024-05-31 12007886 bus:FilletedAccounts 2023-05-31 2024-05-31 12007886 2024-05-31 12007886 core:WithinOneYear 2024-05-31 12007886 core:AfterOneYear 2024-05-31 12007886 core:ShareCapital 2024-05-31 12007886 core:RetainedEarningsAccumulatedLosses 2024-05-31 12007886 core:LandBuildings 2024-05-31 12007886 2023-05-30 12007886 core:LandBuildings 2023-05-30 iso4217:GBP xbrli:pure