IRIS Accounts Production v25.1.3.33 12888569 director 1.10.23 30.9.24 30.9.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh128885692023-09-30128885692024-09-30128885692023-10-012024-09-30128885692022-09-30128885692022-10-012023-09-30128885692023-09-3012888569ns15:EnglandWales2023-10-012024-09-3012888569ns14:PoundSterling2023-10-012024-09-3012888569ns10:Director12023-10-012024-09-3012888569ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3012888569ns10:SmallEntities2023-10-012024-09-3012888569ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3012888569ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3012888569ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3012888569ns10:FullAccounts2023-10-012024-09-3012888569ns10:RegisteredOffice2023-10-012024-09-3012888569ns5:CurrentFinancialInstruments2024-09-3012888569ns5:CurrentFinancialInstruments2023-09-3012888569ns5:Non-currentFinancialInstruments2024-09-3012888569ns5:Non-currentFinancialInstruments2023-09-3012888569ns5:ShareCapital2024-09-3012888569ns5:ShareCapital2023-09-3012888569ns5:RevaluationReserve2024-09-3012888569ns5:RevaluationReserve2023-09-3012888569ns5:RetainedEarningsAccumulatedLosses2024-09-3012888569ns5:RetainedEarningsAccumulatedLosses2023-09-3012888569ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-09-3012888569ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-09-3012888569ns5:RevaluationReserve2023-09-30
REGISTERED NUMBER: 12888569 (England and Wales)















PROPERTYSENSE (YORKSHIRE) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH SEPTEMBER 2024






PROPERTYSENSE (YORKSHIRE) LIMITED (REGISTERED NUMBER: 12888569)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROPERTYSENSE (YORKSHIRE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTOR: Mr P J Singleton





REGISTERED OFFICE: Wentworth House
School Road
Hemingbrough
Selby
North Yorkshire
YO8 6QS





REGISTERED NUMBER: 12888569 (England and Wales)





ACCOUNTANTS: KTC
Chartered Certified Accountants
80 West View
Barlby Road
Selby
North Yorkshire
YO8 5BD

PROPERTYSENSE (YORKSHIRE) LIMITED (REGISTERED NUMBER: 12888569)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 1,870,000 1,962,362

CURRENT ASSETS
Debtors 5 1,255 1,059
Cash at bank 3,174 4,011
4,429 5,070
CREDITORS
Amounts falling due within one year 6 (306,884 ) (421,651 )
NET CURRENT LIABILITIES (302,455 ) (416,581 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,567,545

1,545,781

CREDITORS
Amounts falling due after more than one
year

7

(1,161,650

)

(1,160,750

)

PROVISIONS FOR LIABILITIES (92,815 ) (90,315 )
NET ASSETS 313,080 294,716

CAPITAL AND RESERVES
Called up share capital 100 100
Undistributable reserve 9 278,828 271,328
Retained earnings 34,152 23,288
313,080 294,716

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

PROPERTYSENSE (YORKSHIRE) LIMITED (REGISTERED NUMBER: 12888569)

BALANCE SHEET - continued
30TH SEPTEMBER 2024


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 20th May 2025 and were signed by:





Mr P J Singleton - Director


PROPERTYSENSE (YORKSHIRE) LIMITED (REGISTERED NUMBER: 12888569)

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


1. STATUTORY INFORMATION

Propertysense (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 represents rents receivable, excluding value added tax.

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 NIL (2023 - NIL).

PROPERTYSENSE (YORKSHIRE) LIMITED (REGISTERED NUMBER: 12888569)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2023 1,962,362
Additions 3,750
Disposals (106,112 )
Revaluations 10,000
At 30th September 2024 1,870,000
NET BOOK VALUE
At 30th September 2024 1,870,000
At 30th September 2023 1,962,362

Fair value at 30th September 2024 is represented by:
£   
Valuation in 2021 75,628
Valuation in 2022 209,920
Valuation in 2023 76,095
Valuation in 2024 10,000
Cost 1,498,357
1,870,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,498,357 1,600,719

Investment property was valued on an open market basis on 30th September 2024 by Mr P Singleton, director of the company .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 1,255 1,059

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 2,962 6,116
Directors' current accounts 295,839 409,400
Accruals and deferred income 8,083 6,135
306,884 421,651

PROPERTYSENSE (YORKSHIRE) LIMITED (REGISTERED NUMBER: 12888569)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Mortgages 1,161,650 1,160,750

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 1,161,650 1,160,750

The mortgages are secured by fixed charges over the freehold properties held as investment properties.

9. RESERVES
Undistributable
reserve
£   
At 1st October 2023 271,328
Surplus/deficit on revaluation 10,000
Deferred tax movement (2,500 )

At 30th September 2024 278,828