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Company Registration No. 06800183 (England and Wales)
Quality Yorkshire Homes Limited Unaudited accounts for the year ended 30 June 2024
Quality Yorkshire Homes Limited Unaudited accounts Contents
Page
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Quality Yorkshire Homes Limited Company Information for the year ended 30 June 2024
Directors
David Oldroyd S Ayton
Company Number
06800183 (England and Wales)
Registered Office
Enclave Daw Lane Horbury Wakefield West Yorkshire WF4 5DR England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Quality Yorkshire Homes Limited Accountants' report
Accountants' report to the board of directors of Quality Yorkshire Homes Limited on the preparation of the unaudited statutory accounts for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Quality Yorkshire Homes Limited for the year ended 30 June 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Quality Yorkshire Homes Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Quality Yorkshire Homes Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Quality Yorkshire Homes Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Quality Yorkshire Homes Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Quality Yorkshire Homes Limited. You consider that Quality Yorkshire Homes Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Quality Yorkshire Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 7 March 2025
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Quality Yorkshire Homes Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,711 
2,885 
Investment property
1,956,884 
1,662,675 
1,959,595 
1,665,560 
Current assets
Debtors
12,500 
10,835 
Cash at bank and in hand
28,272 
11,931 
40,772 
22,766 
Creditors: amounts falling due within one year
(253,746)
(192,086)
Net current liabilities
(212,974)
(169,320)
Total assets less current liabilities
1,746,621 
1,496,240 
Creditors: amounts falling due after more than one year
(1,183,589)
(1,029,803)
Provisions for liabilities
Deferred tax
(143,372)
(120,559)
Net assets
419,660 
345,878 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
430,116 
380,413 
Profit and loss account
(10,458)
(34,537)
Shareholders' funds
419,660 
345,878 
For the year ending 30 June 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2025 and were signed on its behalf by
S Ayton Director Company Registration No. 06800183
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Quality Yorkshire Homes Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Quality Yorkshire Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 06800183. The registered office is Enclave Daw Lane, Horbury, Wakefield, West Yorkshire, WF4 5DR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% on cost
Motor vehicles
33% on cost
Fixtures & fittings
Between 10% and 33% on cost
Computer equipment
33% on cost
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The properties were revalued by the Director at the year end. The gain on revaluation is unrealised and hence, not available for distribution.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Quality Yorkshire Homes Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2023
721 
3,250 
10,896 
2,440 
17,307 
Additions
- 
- 
- 
824 
824 
At 30 June 2024
721 
3,250 
10,896 
3,264 
18,131 
Depreciation
At 1 July 2023
721 
3,250 
8,875 
1,576 
14,422 
Charge for the year
- 
- 
577 
421 
998 
At 30 June 2024
721 
3,250 
9,452 
1,997 
15,420 
Net book value
At 30 June 2024
- 
- 
1,444 
1,267 
2,711 
At 30 June 2023
- 
- 
2,021 
864 
2,885 
5
Investment property
2024 
£ 
Fair value at 1 July 2023
1,662,675 
Additions
227,938 
Net gain from fair value adjustments
66,271 
At 30 June 2024
1,956,884 
The investment properties were revalued by the Directors at the year end
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
12,500 
10,835 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,341 
- 
Other creditors
12,500 
10,835 
Loans from directors
239,129 
180,475 
Accruals
776 
776 
253,746 
192,086 
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Quality Yorkshire Homes Limited Notes to the Accounts for the year ended 30 June 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,060,589 
996,689 
Other creditors
123,000 
33,114 
1,183,589 
1,029,803 
Aggregate of amounts that fall due for payment after five years
1,060,589 
996,689 
Included in long term creditors are bank loans secured on investment properties. Personal guarantees have been provided.
9
Deferred taxation
2024 
2023 
£ 
£ 
Revaluation of investment property
143,372 
126,804 
Tax losses carried forward
- 
(6,245)
143,372 
120,559 
2024 
2023 
£ 
£ 
Provision at start of year
120,559 
- 
Charged to the profit and loss account
22,813 
120,559 
Provision at end of year
143,372 
120,559 
Comparatives have been restated for deferred tax provision on revaluation of investment properties, and deferred tax asset on taxable losses
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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