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Registered number: 03915319














YADE REALTY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

 
YADE REALTY LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 9


 
YADE REALTY LIMITED
REGISTERED NUMBER:03915319

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
-
596

Investments
 5 
1
-

Investment property
 6 
6,934,411
22,150,000

  
6,934,412
22,150,596

Current assets
  

Debtors: amounts falling due after more than one year
 7 
7,229,807
-

Debtors: amounts falling due within one year
 7 
194,879
77,904

Cash at bank and in hand
  
189,190
23,376

  
7,613,876
101,280

Current liabilities
  

Creditors: amounts falling due within one year
 8 
(262,021)
(417,397)

Net current assets/(liabilities)
  
 
 
7,351,855
 
 
(316,117)

Total assets less current liabilities
  
14,286,267
21,834,479

Creditors: amounts falling due after more than one year
 9 
(4,640,401)
(11,940,000)

Provisions for liabilities
  

Deferred tax
 10 
(97,976)
(1,342,208)

Net assets
  
9,547,890
8,552,271


Capital and reserves
  

Called up share capital 
 11 
2
2

Profit and loss account
 12 
9,547,888
8,552,269

  
9,547,890
8,552,271


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 statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
YADE REALTY LIMITED
REGISTERED NUMBER:03915319
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 April 2025.


D Yamin-Joseph
Director

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
YADE REALTY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Yade Realty Limited is a private limited liability company incorporated in England and Wales, with its registered office and business address at 3rd Floor, 107 Jermyn Street, SW1Y 6EE.
The principal activity of the Company is that of investment.
The Company's functional and presentational currency is £ Sterling. 

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

Going concern

The financial statements of the Company have been prepared on a going concern basis, the validity of which is dependant on the continued support of the directors and the other related party creditors of the business. The directors are satisfied that suitable facilities will continue to be made available for at least twelve months from the date of their approval of these financial statements and that the Company will be able to meet its working capital requirements for the foreseeable future. 

 
2.3

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.4

Turnover

Turnover comprises rent receivable exclusive of Value Added Tax.
Rental income is recognised in the period to which it relates. Rental income received in advance is carried forward as deferred income. 

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model, other than investment properties, 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.

Page 3

 
YADE REALTY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight line
Fixtures and fittings
-
25%
straight line

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.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

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 the Statement of Comprehensive Income.

 
2.8

Debtors

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

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions. 

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Finance costs

Finance costs are charged to the Statement of Comprehensive Income 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.

 
2.12

Borrowing costs

All borrowing costs are recognised in the Statement of Comprehensive Income in the year in which they are incurred.

Page 4

 
YADE REALTY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.13

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 reporting 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 reporting 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.



 
2.14

Dividends

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 directors were the only employees of the Company during the current and preceding period.


Page 5

 
YADE REALTY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Other fixed assets

£



Cost


At 1 August 2023
569,887



At 31 July 2024

569,887



Depreciation


At 1 August 2023
569,291


Charge for the year on owned assets
596



At 31 July 2024

569,887



Net book value



At 31 July 2024
-



At 31 July 2023
596


5.


Fixed asset investments





Investments in subsidiary company

£



Cost


Additions
1



At 31 July 2024
1

Page 6

 
YADE REALTY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Investment property


Freehold investment property

£



Valuation


At 1 August 2023
22,150,000


Transfers intra group
(15,215,589)



At 31 July 2024
6,934,411

The 2024 valuations were made by the directors, on an open market value for existing use basis.



If the investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
5,100,036
12,896,179


7.


Debtors

2024
2023
£
£

Due after more than one year

Amounts owed by group undertakings
7,229,807
-


2024
2023
£
£

Trade debtors
70
7,675

Other debtors
43,730
43,730

Prepayments and accrued income
151,079
26,499

194,879
77,904


Page 7

 
YADE REALTY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
100,000

Trade creditors
36,139
24,795

Taxation and social security
10,214
12,697

Other creditors
170,124
170,126

Accruals and deferred income
45,544
109,779

262,021
417,397


Secured loans
The bank and other loans are secured by first charges over freehold investment properties and a rental assignment deed.


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,750,401
9,050,000

Other loans
1,800,000
2,800,000

Other creditors
90,000
90,000

4,640,401
11,940,000


Secured loans
The bank and other loans are secured by first charges over freehold investment properties and a rental assignment deed.


10.


Deferred taxation




2024
2023


£

£



At beginning of year
1,342,208
1,318,216


(Released)/charged to profit or loss
(1,244,232)
23,992



At end of year
97,976
1,342,208

Page 8

 
YADE REALTY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
 
10.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Decelerated capital allowances
(1,708)
(1,935)

Tax losses carried forward
(191,631)
(179,342)

Fair value adjustments
291,315
1,523,485

97,976
1,342,208


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1 each
2
2



12.


Reserves

Profit and loss account

At the reporting date, the Company had accumulated reserves of £9,547,888 (2023 - £8,552,269), of which £1,543,060 (2023 - £7,730,336) are not distributable.


13.


Auditors' information

The auditors' report on the financial statements for the year ended 31 July 2024 was unqualified.

The audit report was signed on 24 April 2025 by Stephen Iseman FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

 
Page 9