Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-313falsefalsetrue2023-06-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity 14868612 2023-05-31 14868612 2023-06-01 2024-05-31 14868612 2022-06-01 2023-05-31 14868612 2024-05-31 14868612 c:Director1 2023-06-01 2024-05-31 14868612 d:Buildings 2023-06-01 2024-05-31 14868612 d:Buildings 2024-05-31 14868612 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 14868612 d:FreeholdInvestmentProperty 2023-06-01 2024-05-31 14868612 d:FreeholdInvestmentProperty 2024-05-31 14868612 d:CurrentFinancialInstruments 2024-05-31 14868612 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14868612 d:ShareCapital 2024-05-31 14868612 d:RetainedEarningsAccumulatedLosses 2024-05-31 14868612 c:OrdinaryShareClass1 2023-06-01 2024-05-31 14868612 c:OrdinaryShareClass1 2024-05-31 14868612 c:FRS102 2023-06-01 2024-05-31 14868612 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 14868612 c:FullAccounts 2023-06-01 2024-05-31 14868612 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14868612 2 2023-06-01 2024-05-31 14868612 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14868612









YORK 68 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MAY 2024

 
YORK 68 LIMITED
REGISTERED NUMBER: 14868612

BALANCE SHEET
AS AT 31 MAY 2024

2024
Note
£

Fixed assets
  

Tangible assets
  
563,518

Investment property
 5 
467,000

  
1,030,518

Current assets
  

Stocks
  
6,529

Debtors: amounts falling due within one year
 6 
129

Cash at bank and in hand
 7 
10,233

  
16,891

Creditors: amounts falling due within one year
 8 
(1,025,534)

Net current (liabilities)/assets
  
 
 
(1,008,643)

Total assets less current liabilities
  
21,875

  

Net assets
  
21,875


Capital and reserves
  

Called up share capital 
 9 
100

Profit and loss account
  
21,775

  
21,875


The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 statement of comprehensive income 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: 


Page 1

 
YORK 68 LIMITED
REGISTERED NUMBER: 14868612
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024



Dursun Nalbant
Director

Date: 29 April 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
YORK 68 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

YORK 68 LIMITED is a private company limited by share capital, incorporated in England and Wales, registration number 14868612. The address of the registered office is 291 Green Lanes, Palmers Green, London, N13 4XS.

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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
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.

Page 3

 
YORK 68 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Taxation

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.

 
2.7

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.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%

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.

 
2.8

Investment property

Investment property is carried at fair value determined annually by the Director 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.

Page 4

 
YORK 68 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

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.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

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.


3.


Employees

2024
£

Wages and salaries
15,320

Cost of defined contribution scheme
168

15,488


The average monthly number of employees, including directors, during the period was 3.

Page 5

 
YORK 68 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

4.


Tangible fixed assets





Freehold property

£



Cost or valuation


Additions
570,365



At 31 May 2024

570,365



Depreciation


Charge for the period on owned assets
6,847



At 31 May 2024

6,847



Net book value



At 31 May 2024
563,518


5.


Investment property


Freehold investment property

£



Valuation


Additions at cost
467,000



At 31 May 2024
467,000

The 2024 valuations were made by the Director, on a fair value basis.





6.


Debtors

2024
£


Prepayments and accrued income
129

129


Page 6

 
YORK 68 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

7.


Cash and cash equivalents

2024
£

Cash at bank and in hand
10,233

10,233



8.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
1,814

Corporation tax
7,649

Other taxation and social security
4,727

Other creditors
1,009,888

Accruals and deferred income
1,456

1,025,534



9.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


100 Ordinary shares of £1 each have been allotted, called up and fully paid in the period.


10.


Related party transactions

Included within Other Creditors due within less than one year is a loan amount of £183,500 due to a company under common control. The loan is unsecured, free of interest and repayable on demand.
Included within Other Creditors due within less than one year is a loan amount of £826,320 due to the company Director. The loan is unsecured, free of interest and repayable on demand.

 
Page 7