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REGISTERED NUMBER: 09670220 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

YYZ PROPERTY LIMITED

YYZ PROPERTY LIMITED (REGISTERED NUMBER: 09670220)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YYZ PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: A K Gillespie
Mrs C R Gillespie





REGISTERED OFFICE: Partridges Accountancy Services Limited
Wellington House
Aylesbury Road
Princes Risborough
Buckinghamshire
HP27 0JP





REGISTERED NUMBER: 09670220 (England and Wales)





ACCOUNTANTS: Partridges Accountancy Services Limited
Chartered Certified Accountants
2nd Floor - Robert House
19 Station Road
Chinnor
Oxfordshire
OX39 4PU

YYZ PROPERTY LIMITED (REGISTERED NUMBER: 09670220)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,105,000 1,390,000

CURRENT ASSETS
Debtors 5 1,616 2,002
Cash at bank 423 2,701
2,039 4,703
CREDITORS
Amounts falling due within one year 6 554,378 615,763
NET CURRENT LIABILITIES (552,339 ) (611,060 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

552,661

778,940

CREDITORS
Amounts falling due after more than one year 7 (399,556 ) (587,224 )

PROVISIONS FOR LIABILITIES (23,935 ) (27,820 )
NET ASSETS 129,170 163,896

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 129,070 163,796
SHAREHOLDERS' FUNDS 129,170 163,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

YYZ PROPERTY LIMITED (REGISTERED NUMBER: 09670220)

BALANCE SHEET - continued
31 JULY 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 17 February 2025 and were signed on its behalf by:




A K Gillespie - Director



Mrs C R Gillespie - Director


YYZ PROPERTY LIMITED (REGISTERED NUMBER: 09670220)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

YYZ PROPERTY 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

YYZ PROPERTY LIMITED (REGISTERED NUMBER: 09670220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 1,390,000
Disposals (285,000 )
At 31 July 2024 1,105,000
NET BOOK VALUE
At 31 July 2024 1,105,000
At 31 July 2023 1,390,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2024 230,000
Valuation in 2024 275,000
Valuation in 2024 300,000
Valuation in 2024 300,000
1,105,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.7.24 31.7.23
£    £   
Cost 986,672 1,255,080

The Investment Properties were valued on an open market basis on 31 July 2024 by the directors in consultation with agents .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 1,616 2,002

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors - (1 )
Taxation and social security - 3,522
Other creditors 554,378 612,242
554,378 615,763

YYZ PROPERTY LIMITED (REGISTERED NUMBER: 09670220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 399,556 587,224

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 399,556 587,224

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed the sum of £552,117 to the director (2023: £608,967). The loan is interest free and repayable on demand.