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REGISTERED NUMBER: 08678011 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SIMPLY YORKSHIRE LIMITED

SIMPLY YORKSHIRE LIMITED (REGISTERED NUMBER: 08678011)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIMPLY YORKSHIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mr Philip David Markham
Mrs Sharon Markham





REGISTERED OFFICE: Fairfield Cottage
Throxenby Hall
Throxenby Lane
Scarborough
North Yorkshire
YO12 5RE





REGISTERED NUMBER: 08678011 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5 & 6 Manor Garth
Manor Court
Scarborough
North Yorkshire
YO11 3TU

SIMPLY YORKSHIRE LIMITED (REGISTERED NUMBER: 08678011)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,428 90,940
Investment property 5 1,695,066 1,675,066
1,763,494 1,766,006

CURRENT ASSETS
Debtors 6 7,421 7,578
Cash at bank 57,474 18,185
64,895 25,763
CREDITORS
Amounts falling due within one year 7 816,215 820,710
NET CURRENT LIABILITIES (751,320 ) (794,947 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,012,174 971,059

CREDITORS
Amounts falling due after more than
one year

8

(472,554

)

(472,554

)

PROVISIONS FOR LIABILITIES 10 (114,806 ) (87,730 )
NET ASSETS 424,814 410,775

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 294,769 302,017
Retained earnings 129,945 108,658
SHAREHOLDERS' FUNDS 424,814 410,775

SIMPLY YORKSHIRE LIMITED (REGISTERED NUMBER: 08678011)

BALANCE SHEET - continued
31 MARCH 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2025 and were signed on its behalf by:





Mr Philip David Markham - Director


SIMPLY YORKSHIRE LIMITED (REGISTERED NUMBER: 08678011)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Simply 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 rental income arising from the investment property and is recognised on a straight line basis over the term of the lease.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% reducing balance

Investment property
Investment properties are properties held to earn rentals or for capital appreciation or both.

Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss in the period in which they arise. Deferred taxation is provided on these gains.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 (2024 - NIL).

SIMPLY YORKSHIRE LIMITED (REGISTERED NUMBER: 08678011)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 3,369 99,011 102,380
DEPRECIATION
At 1 April 2024 1,124 10,316 11,440
Charge for year 338 22,174 22,512
At 31 March 2025 1,462 32,490 33,952
NET BOOK VALUE
At 31 March 2025 1,907 66,521 68,428
At 31 March 2024 2,245 88,695 90,940

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 1,675,066
Revaluations 20,000
At 31 March 2025 1,695,066
NET BOOK VALUE
At 31 March 2025 1,695,066
At 31 March 2024 1,675,066

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2018 70,990
Valuation in 2019 10,000
Valuation in 2022 134,479
Valuation in 2023 157,000
Valuation in 2025 20,000
Cost 1,302,597
1,695,066

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

2025 2024
£    £   
Cost 1,302,597 1,302,597

The investment property was valued on the fair value basis on 31 March 2025 by the directors .

SIMPLY YORKSHIRE LIMITED (REGISTERED NUMBER: 08678011)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


5. INVESTMENT PROPERTY - continued

The completed investment property is stated at fair value in accordance with the requirements of Section 1A ''Small Entities'' of Financial Reporting Standard FRS 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland''..

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 7,421 7,578

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other creditors 816,215 820,710

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Mortgages 472,554 472,554

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Paragon mortgage 120,650 120,650
Keystone mortgage 351,904 351,904
472,554 472,554

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Mortgages 472,554 472,554

The company's bank borrowing included in creditors due over one year are secured by a fixed charge and negative pledge over the investment property owned by the company.

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax
Accelerated capital allowances 17,107 17,279
Deferred tax on investment
property 97,699 70,451
114,806 87,730

SIMPLY YORKSHIRE LIMITED (REGISTERED NUMBER: 08678011)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2024 87,730
Provided during year 27,076
Balance at 31 March 2025 114,806

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary 1 100 100

12. RESERVES
Fair
value
reserve
£   
At 1 April 2024 302,017
Investment property revaluation 20,000
Deferred tax on investment property (27,248 )

At 31 March 2025 294,769

13. RELATED PARTY DISCLOSURES

Included in creditors due within one year is £812,470 (2024 £816,851) owing to the directors of the company. This loan is deemed to be repayable on demand, and no interest has been charged to the company on the amount outstanding.