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REGISTERED NUMBER: 00912643 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Double Yews Group Limited

Double Yews Group Limited (Registered number: 00912643)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Double Yews Group Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr P J Winston
Mr A R Winston
Mr W D Wetzel
Mrs J Winston





REGISTERED OFFICE: 1st Floor
314 Regents Park Road
Finchley
London
N3 2LT





REGISTERED NUMBER: 00912643 (England and Wales)





ACCOUNTANTS: Wolfson Associates Limited
1st Floor
314 Regents Park Road
Finchley
London
N3 2LT

Double Yews Group Limited (Registered number: 00912643)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 421,568 454,994
Investments 5 526,557 273,117
Investment property 6 1,991,161 1,991,161
2,939,286 2,719,272

CURRENT ASSETS
Debtors 7 2,563,562 3,317,724
Cash at bank and in hand 508,102 93,500
3,071,664 3,411,224
CREDITORS
Amounts falling due within one year 8 55,126 73,599
NET CURRENT ASSETS 3,016,538 3,337,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,955,824

6,056,897

PROVISIONS FOR LIABILITIES 9 7,985 12,604
NET ASSETS 5,947,839 6,044,293

CAPITAL AND RESERVES
Called up share capital 8,476 8,476
Share premium 10 61,537 61,537
Revaluation reserve 10 783,232 783,232
Capital redemption reserve 10 7,063 7,063
Retained earnings 10 5,087,531 5,183,985
SHAREHOLDERS' FUNDS 5,947,839 6,044,293

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

Double Yews Group Limited (Registered number: 00912643)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:





Mr P J Winston - Director


Double Yews Group Limited (Registered number: 00912643)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Double Yews Group 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 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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Preparation of consolidated financial statements
The financial statements contain information about Double Yews Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of s33.11 of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Double Yews Group Limited (Registered number: 00912643)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions toaccounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements
The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Provisions and contingencies
Management assess provisions for branch closure at the balance sheet date based upon their knowledge of the industry and determined by employee length of service.

Asset impairment
The Group reviews its investment property for impairment at each balance sheet date. If events or circumstances indicate that the carrying value may not be recoverable, the value is adjusted to the recoverable amount, determined by independent third party valuations. Any impairment is recognised in the income statement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2.5% on straight line
Plant and machinery - 20% straight line
Fixtures and fittings - 12.5% on cost
Motor vehicles - 20% straight line
Computer equipment - 20% straight line

Investments in subsidiaries
Equity investments are measured at fair value through income statement, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes reliable.

In the parent company financial statements, investment in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Double Yews Group Limited (Registered number: 00912643)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair at the reporting date. The surplus or deficit on revaluation is recognized in the income statement.

Where fair value cannot be achieved without undue cost or effect, investment property is accounted for as tangible fixed assets.

Double Yews Group Limited (Registered number: 00912643)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Accounts payable are classified as 'creditors: amounts falling due within one year' if payment is due within one year or less. If not, they are presented as 'creditors: amounts falling due after more than one year'. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities
Other financial liabilities, including debt instruments that do not meet the definition of a basic financial instrument, are measured at fair value through profit or loss.

Derecognition of financial liabilities
Financial liabilities are derecognised when, and only when, the company's obligations are discharged, cancelled, or they expire.

Employee benefits
The costs of short-term employee benefits and contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.


Double Yews Group Limited (Registered number: 00912643)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrable committed to terminate the employment of an employee or to provide termination benefits.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Leases
Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Double Yews Group Limited (Registered number: 00912643)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Impairment of fixed assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss unless the relevant asset is carried in at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 513,361 6,992 39,750
Additions - - -
At 31 December 2024 513,361 6,992 39,750
DEPRECIATION
At 1 January 2024 108,452 2,047 7,950
Charge for year 12,852 1,398 7,950
At 31 December 2024 121,304 3,445 15,900
NET BOOK VALUE
At 31 December 2024 392,057 3,547 23,850
At 31 December 2023 404,909 4,945 31,800

Double Yews Group Limited (Registered number: 00912643)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 56,618 4,607 621,328
Additions - 1,237 1,237
At 31 December 2024 56,618 5,844 622,565
DEPRECIATION
At 1 January 2024 45,308 2,577 166,334
Charge for year 11,310 1,153 34,663
At 31 December 2024 56,618 3,730 200,997
NET BOOK VALUE
At 31 December 2024 - 2,114 421,568
At 31 December 2023 11,310 2,030 454,994

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2024 273,117
Additions 253,440
At 31 December 2024 526,557
NET BOOK VALUE
At 31 December 2024 526,557
At 31 December 2023 273,117

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Journeys Friend Exports Limited
Registered office: C/O Valentine & Co, Galley House, Moon Lane, Barnet, EN5 5YL.
Nature of business: The company is under voluntary winding-up.
%
Class of shares: holding
Ordinary 100.00

Double Yews Group Limited (Registered number: 00912643)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. FIXED ASSET INVESTMENTS - continued

Back Lane Properties Ltd
Registered office: 1st Floor 314 Regents Park Road, Finchley, London, United Kingdom, N3 2LT
Nature of business: Investment property
%
Class of shares: holding
Ordinary 100.00
31.12.24
£   
Aggregate capital and reserves 43,122
Profit for the year 18,983

On 29.03.2022 the company acquired 100% share capital in British Property Services Mallorca SL, a company incorporated in Mallorca, Spain.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 1,991,161
NET BOOK VALUE
At 31 December 2024 1,991,161
At 31 December 2023 1,991,161

Investment property comprises of residential properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out at the year end by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

7. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 960 100,184
Amounts owed by group undertakings 1,306,506 -
Other debtors 1,080,969 1,706,232
Tax 148,308 148,308
Prepayments and accrued income 26,819 56,510
2,563,562 2,011,234

Amounts falling due after more than one year:
Other debtors - 1,306,490

Aggregate amounts 2,563,562 3,317,724

Double Yews Group Limited (Registered number: 00912643)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 7,269 11,301
Tax 7,526 30,342
Social security and other taxes 1,057 -
Accruals and deferred income 39,274 31,956
55,126 73,599

9. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax
Accelerated capital allowances 7,985 12,604

Deferred
tax
£   
Balance at 1 January 2024 12,604
Provided during year (4,619 )
Balance at 31 December 2024 7,985

The deferred tax asset set our above is expected to reverse and relates to the utilisation of tax losses against future expected profits of the same period.

10. RESERVES
Capital
Retained Share Revaluation redemption
earnings premium reserve reserve Totals
£    £    £    £    £   

At 1 January 2024 5,183,985 61,537 783,232 7,063 6,035,817
Deficit for the year (559 ) (559 )
Dividends (95,895 ) (95,895 )
At 31 December 2024 5,087,531 61,537 783,232 7,063 5,939,363

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
Mr P J Winston
Balance outstanding at start of year (453,579 ) (381,993 )
Amounts advanced - (71,586 )
Amounts repaid 453,579 -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (453,579 )

Double Yews Group Limited (Registered number: 00912643)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

12. RELATED PARTY DISCLOSURES

Included in other debtors is £Nil [2023 : £1,306,490] due from Back Lane Properties Limited, a company under common control. Interest is charged at the rate of 3% per annum and has no specified repayment date.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P J Winston.