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REGISTERED NUMBER: 14196810 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

ESSENTIAL PROPERTY DEVELOPMENT
(YORKSHIRE) LIMITED

ESSENTIAL PROPERTY DEVELOPMENT
(YORKSHIRE) LIMITED (REGISTERED NUMBER: 14196810)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ESSENTIAL PROPERTY DEVELOPMENT
(YORKSHIRE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTOR: D Clarke





REGISTERED OFFICE: 46 Main Street
Mexborough
South Yorkshire
S64 9DU





REGISTERED NUMBER: 14196810 (England and Wales)





ACCOUNTANTS: Leesing Marrison Lee & Co
Chartered Certified Accountants
46 Main Street
Mexborough
South Yorkshire
S64 9DU

ESSENTIAL PROPERTY DEVELOPMENT
(YORKSHIRE) LIMITED (REGISTERED NUMBER: 14196810)

BALANCE SHEET
30TH JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 305,000 176,678

CURRENT ASSETS
Cash at bank 29,123 8,142

CREDITORS
Amounts falling due within one year 5 103,926 98,617
NET CURRENT LIABILITIES (74,803 ) (90,475 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,197

86,203

CREDITORS
Amounts falling due after more than one
year

6

(115,156

)

(85,777

)

PROVISIONS FOR LIABILITIES (28,764 ) -
NET ASSETS 86,277 426

RESERVES
Retained earnings 86,277 426
86,277 426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 25th March 2025 and were signed by:





D Clarke - Director


ESSENTIAL PROPERTY DEVELOPMENT
(YORKSHIRE) LIMITED (REGISTERED NUMBER: 14196810)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

Essential Property Development (Yorkshire) 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 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2023 176,678
Additions 13,266
Revaluations 115,056
At 30th June 2024 305,000
NET BOOK VALUE
At 30th June 2024 305,000
At 30th June 2023 176,678

ESSENTIAL PROPERTY DEVELOPMENT
(YORKSHIRE) LIMITED (REGISTERED NUMBER: 14196810)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

4. INVESTMENT PROPERTY - continued

Fair value at 30th June 2024 is represented by:
£   
Valuation in 2024 115,056
Cost 189,944
305,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 2,200 5,161
Taxation and social security - 135
Other creditors 101,726 93,321
103,926 98,617

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 115,156 85,777

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 104,656 59,972

7. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 117,356 90,938

Borrowings are secured by a fixed charge over the company's assets.

8. RELATED PARTY DISCLOSURES

The director is interested as director and shareholder in Essential Roof Coverings Limited. During the year the company was advanced money from Essential Roof Coverings Limited and at the year end an amount of £70,660 (2023: £1,433) was outstanding and is included in Other Creditors.