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REGISTERED NUMBER: 03031817 (England and Wales)











YORKWAY DEVELOPMENTS UK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






YORKWAY DEVELOPMENTS UK LIMITED (REGISTERED NUMBER: 03031817)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


YORKWAY DEVELOPMENTS UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mrs L P Lemon
P G Lemon
P J Lemon





SECRETARY: Mrs L P Lemon





REGISTERED OFFICE: Yorkway Motel
The Balk
Pocklington
East Yorkshire
YO42 2NX





REGISTERED NUMBER: 03031817 (England and Wales)





ACCOUNTANTS: UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW

YORKWAY DEVELOPMENTS UK LIMITED (REGISTERED NUMBER: 03031817)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 854,823 868,280
854,823 868,280

CURRENT ASSETS
Stocks 2,775 2,405
Debtors 6 15,149 8,249
Cash at bank and in hand 84,943 176,417
102,867 187,071
CREDITORS
Amounts falling due within one year 7 331,558 371,429
NET CURRENT LIABILITIES (228,691 ) (184,358 )
TOTAL ASSETS LESS CURRENT LIABILITIES 626,132 683,922

CREDITORS
Amounts falling due after more than one year 8 (50,152 ) (106,024 )

PROVISIONS FOR LIABILITIES (20,644 ) (37,643 )
NET ASSETS 555,336 540,255

YORKWAY DEVELOPMENTS UK LIMITED (REGISTERED NUMBER: 03031817)

BALANCE SHEET - continued
31 MARCH 2025

2025 2024
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 73,264 73,264
Fair value reserve 11 211,726 211,726
Retained earnings 270,346 255,265
SHAREHOLDERS' FUNDS 555,336 540,255

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2025 and were signed on its behalf by:





Mrs L P Lemon - Director


YORKWAY DEVELOPMENTS UK LIMITED (REGISTERED NUMBER: 03031817)

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


1. STATUTORY INFORMATION

Yorkway Developments UK 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.

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 or 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 sales from ordinary activities, excluding value added tax.

Sales are recognised when the related goods or service is provided. Accommodation revenue is recognised at the point of occupation and bar and food sales are recognised as supplied. Any deposits received in advance are deferred as appropriate.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, has been amortised evenly over its estimated useful life of five years.

Tangible fixed assets
No depreciation is provided on freehold land.

The company took advantage of the exemption available on initial transition to FRS102 to elect for land and property to be measured at its fair value at the date of transition and for that fair value to be used as the deemed cost of the asset going forward.

No depreciation is charged on freehold property as the amount is deemed to be immaterial. The directors carry out annual impairment reviews on freehold property to identify events or changes in circumstances which would indicate that the carrying value of the asset may not be equal to the recoverable value. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.


YORKWAY DEVELOPMENTS UK LIMITED (REGISTERED NUMBER: 03031817)

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


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 42,000
AMORTISATION
At 1 April 2024
and 31 March 2025 42,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

YORKWAY DEVELOPMENTS UK LIMITED (REGISTERED NUMBER: 03031817)

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


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 944,867 180,744 1,125,611
DEPRECIATION
At 1 April 2024 114,824 142,507 257,331
Charge for year - 13,457 13,457
At 31 March 2025 114,824 155,964 270,788
NET BOOK VALUE
At 31 March 2025 830,043 24,780 854,823
At 31 March 2024 830,043 38,237 868,280

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 15,149 8,249

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 11,230 15,509
Trade creditors 20,739 12,611
Taxation and social security 11,667 18,616
Other creditors 287,922 324,693
331,558 371,429

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 50,152 106,024

Amounts falling due in more than five years:

Repayable by instalments
Bank loans in more than 5 years 5,882 79,209

YORKWAY DEVELOPMENTS UK LIMITED (REGISTERED NUMBER: 03031817)

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


9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 61,382 121,533

The bank loan of £59,229 (2024 £108,927) is secured on land and buildings owned by the company.

Also included in secured debts is a bank loan provided through the Bounce Back Loan Scheme of £2,153 (2024 £12,606). Under the terms of the Scheme, the Secretary of State for Business, Energy and Industrial Strategy has agreed to provide the company's lenders with a Partial Guarantee. The lender's ability to provide this loan is dependent upon the lenders receiving the Partial Guarantee.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
73,264 Ordinary £1 73,264 73,264

11. RESERVES

The fair value reserve consists of gains arising from changes in the fair value of land and buildings less deferred tax provided on those gains.

12. OPERATING LEASE COMMITMENTS

At the year end, the company has lease commitments amounting to £12,544 (2024: £924).

13. RELATED PARTY DISCLOSURES

At 31 March 2024 the company owed the directors a total of £213,516 (2024: £254,282). Interest is payable on the loans at a rate of 5% (2024: 5%) per annum. Total interest charged in the current period amounted to £11,012 (2024: £14,891).