Registered number
09854660
YIR ESTATES LIMITED
Filleted Accounts
30 September 2024
YIR ESTATES LIMITED
Registered number: 09854660
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,773,766 2,888,305
Current assets
Debtors 4 36,999 33,237
Cash at bank and in hand 21,945 104,921
58,944 138,158
Creditors: amounts falling due within one year 5 (297,374) (242,146)
Net current liabilities (238,430) (103,988)
Total assets less current liabilities 3,535,336 2,784,317
Creditors: amounts falling due after more than one year 6 (2,970,555) (2,244,381)
Net assets 564,781 539,936
Capital and reserves
Called up share capital 1 1
Revaluation reserve 7 433,500 433,500
Profit and loss account 131,280 106,435
Shareholders' funds 564,781 539,936
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Reisel Schlaff
Director
Approved by the board on 19 June 2025
YIR ESTATES LIMITED
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 20% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2023 2,887,948 1,160 2,889,108
Additions 885,533 - 885,533
At 30 September 2024 3,773,481 1,160 3,774,641
Depreciation
At 1 October 2023 - 803 803
Charge for the year - 72 72
At 30 September 2024 - 875 875
Net book value
At 30 September 2024 3,773,481 285 3,773,766
At 30 September 2023 2,887,948 357 2,888,305
4 Debtors 2024 2023
£ £
Trade debtors 32,872 157
Other debtors 4,127 33,080
36,999 33,237
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 4,795 1,850
Corporation tax 6,244 5,519
Other creditors 286,335 234,777
297,374 242,146
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,970,555 2,244,381
7 Revaluation reserve 2024 2023
£ £
At 1 October 2023 433,500 387,000
Gain on revaluation of land and buildings - 46,500
At 30 September 2024 433,500 433,500
8 Other information
YIR ESTATES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
158 Cromwell Road
Salford
M6 6DE
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