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Registered number: 00776093










YOUNG ESTATES & LAND LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
YOUNG ESTATES & LAND LIMITED
REGISTERED NUMBER: 00776093

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
92,877
99,765

Investment property
 5 
18,820,000
17,230,000

  
18,912,877
17,329,765

Current assets
  

Stocks
  
1,299,564
1,538,151

Debtors: amounts falling due within one year
 7 
772,195
879,630

Cash at bank and in hand
  
167,004
9,795

  
2,238,763
2,427,576

Creditors: amounts falling due within one year
 8 
(1,437,474)
(1,619,686)

Net current assets
  
 
 
801,289
 
 
807,890

Total assets less current liabilities
  
19,714,166
18,137,655

Provisions for liabilities
  

Deferred tax
  
(2,494,722)
(2,107,892)

  
 
 
(2,494,722)
 
 
(2,107,892)

Net assets
  
17,219,444
16,029,763


Capital and reserves
  

Called up share capital 
  
22,935
22,935

Other reserves
 9 
11,235,217
10,067,843

Profit and loss account
 9 
5,961,292
5,938,985

  
17,219,444
16,029,763


Page 1

 
YOUNG ESTATES & LAND LIMITED
REGISTERED NUMBER: 00776093
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R D Young
Director

Date: 24 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
YOUNG ESTATES & LAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Young Estates & Land Limited is a private company limited by shares and incorporated in England and
Wales. The registered address is Youngs Industrial Estate, Paices Hill, Aldermaston, Berkshire, RG7
4PQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Rent receivable is recognised in the period for which it relates to. Rent is measured as the fair value
of the consideration received or receivable, excluding Value Added Tax. 

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
YOUNG ESTATES & LAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following basis..

Depreciation is provided on the following basis:

Plant and machinery
-
15%
on written down value
Motor vehicles
-
25%
on written down value
Computer equipment
-
33%
on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
YOUNG ESTATES & LAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.10

Stocks

Stocks and work in progress are stated at the lower of cost and net realisable value, based on the cost of purchase.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.13

Creditors

Short term creditors are measured at the transaction price.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 11).

Page 5

 
YOUNG ESTATES & LAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£



Cost 


At 1 October 2023
212,834
48,658
22,626
284,118


Additions
16,275
-
1,511
17,786


Disposals
-
-
(6,479)
(6,479)



At 30 September 2024

229,109
48,658
17,658
295,425



Depreciation


At 1 October 2023
137,258
27,439
19,656
184,353


Charge for the year 
15,895
5,305
3,474
24,674


Disposals
-
-
(6,479)
(6,479)



At 30 September 2024

153,153
32,744
16,651
202,548



Net book value



At 30 September 2024
75,956
15,914
1,007
92,877



At 30 September 2023
75,576
21,219
2,970
99,765


5.


Investment property


Investment property

£



Valuation


At 1 October 2023
17,230,000


Additions at cost
35,797


Surplus on revaluation
1,554,203



At 30 September 2024
18,820,000









Page 6

 
YOUNG ESTATES & LAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Stocks

2024
2023
£
£

Property held for sale
1,299,564
1,538,151



7.


Debtors

2024
2023
£
£


Trade debtors
5,353
21,779

Other debtors
737,015
830,851

Prepayments and accrued income
29,827
27,000

772,195
879,630



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
57,749

Bank loans
-
152,749

Trade creditors
82,065
68,347

Corporation tax
124,776
110,003

Other taxation and social security
93,275
88,885

Other creditors
1,126,071
1,135,674

Accruals and deferred income
11,287
6,279

1,437,474
1,619,686


Bank loans and overdrafts were secured by way of a debenture over the assets of the company and a legal mortgage on the company's investment property. The loans were repaid in full during the year.

Page 7

 
YOUNG ESTATES & LAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Reserves

Other reserves

The other reserves comprises of the revaluations relating to the investment property net of deferred tax
on the gain.

Profit and loss account

The profit and loss account comprises of the balance of profits accumulated over the life of the company.

 
Page 8