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REGISTERED NUMBER: 09194110 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

Y.M.S. ESTATES LTD

Y.M.S. ESTATES LTD (REGISTERED NUMBER: 09194110)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Y.M.S. ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: M Stern





REGISTERED OFFICE: Unit 13 Grosvenor way
London
E5 9ND





REGISTERED NUMBER: 09194110 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

Y.M.S. ESTATES LTD (REGISTERED NUMBER: 09194110)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Investment property 4 425,000 420,000

CURRENT ASSETS
Debtors 5 97,041 101,311
Cash at bank 5,423 6,989
102,464 108,300
CREDITORS
Amounts falling due within one year 6 (21,012 ) (25,512 )
NET CURRENT ASSETS 81,452 82,788
TOTAL ASSETS LESS CURRENT
LIABILITIES

506,452

502,788

CREDITORS
Amounts falling due after more than one
year

7

(299,688

)

(301,288

)

PROVISIONS FOR LIABILITIES (33,044 ) (33,044 )
NET ASSETS 173,720 168,456

CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 159,099 159,099
Retained earnings 10 14,620 9,356
SHAREHOLDERS' FUNDS 173,720 168,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Y.M.S. ESTATES LTD (REGISTERED NUMBER: 09194110)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 28 May 2025 and were signed by:





M Stern - Director


Y.M.S. ESTATES LTD (REGISTERED NUMBER: 09194110)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Y.M.S. Estates Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net rent 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 420,000
Additions 5,000
At 31 August 2024 425,000
NET BOOK VALUE
At 31 August 2024 425,000
At 31 August 2023 420,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2017 22,143
Valuation in 2020 10,000
Valuation in 2023 160,000
Cost 232,857
425,000

Y.M.S. ESTATES LTD (REGISTERED NUMBER: 09194110)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 2,041 1,311
Other debtors 95,000 100,000
97,041 101,311

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 126 687
Other creditors 20,886 24,825
21,012 25,512

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 296,888 296,888
Other creditors 2,800 4,400
299,688 301,288

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 296,888 296,888

Repayable by instalments
Other loans more 5yrs instal 2,800 4,400

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 296,888 296,888
Other loans 2,800 4,400
299,688 301,288

1. Long term bank loan is secured by first charge over the company's investment property.

2. Under the bank loan, £2,800 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

Y.M.S. ESTATES LTD (REGISTERED NUMBER: 09194110)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 September 2023 9,356 159,099 168,455
Profit for the year 5,264 5,264
At 31 August 2024 14,620 159,099 173,719

11. ULTIMATE CONTROLLING PARTY

The controlling party is M Stern.