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YES PROPERTIES INVESTMENT LIMITED

Registered Number
13748237
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

YES PROPERTIES INVESTMENT LIMITED
Company Information
for the year from 1 December 2022 to 30 November 2023

Director

YE, Songhe

Registered Address

40 Chalfont Close
Cambridge
CB1 9NA

Registered Number

13748237 (England and Wales)
YES PROPERTIES INVESTMENT LIMITED
Statement of Financial Position
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investment property31,027,596375,416
1,027,596375,416
Current assets
Debtors-1,089
Cash at bank and on hand6,52314,336
6,52315,425
Creditors amounts falling due within one year4(1,053,750)(489,302)
Net current assets (liabilities)(1,047,227)(473,877)
Total assets less current liabilities(19,631)(98,461)
Net assets(19,631)(98,461)
Capital and reserves
Called up share capital1,0001,000
Profit and loss account(20,631)(99,461)
Shareholders' funds(19,631)(98,461)
The financial statements were approved and authorised for issue by the Board of Directors on 21 May 2025, and are signed on its behalf by:
YE, Songhe
Director
Registered Company No. 13748237
YES PROPERTIES INVESTMENT LIMITED
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A, as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.
Trade and other creditors
Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20232022
Average number of employees during the year11
3.Investment property

£
Fair value at 01 December 22375,416
Additions556,245
Fair value adjustments95,935
At 30 November 231,027,596
4.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables-3,503
Amounts owed to related parties1,039,643480,333
Other creditors10,1975,466
Accrued liabilities and deferred income3,910-
Total1,053,750489,302