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REGISTERED NUMBER: SC425906 (Scotland)















Unaudited Financial Statements for the Year Ended 30th June 2024

for

Yorkshire Investment Property Limited

Yorkshire Investment Property Limited (Registered number: SC425906)






Contents of the Financial Statements
for the Year Ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Yorkshire Investment Property Limited

Company Information
for the Year Ended 30th June 2024







DIRECTORS: Mrs A Smith
P B Smith





REGISTERED OFFICE: Duneira Pier Road
Rhu
Helensburgh
Argyll & Bute
G84 8LH





REGISTERED NUMBER: SC425906 (Scotland)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Yorkshire Investment Property Limited (Registered number: SC425906)

Balance Sheet
30th June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 700,000

CURRENT ASSETS
Debtors 5 57,967 192,220
Cash at bank 125,257 46,641
183,224 238,861
CREDITORS
Amounts falling due within one year 6 (50,712 ) (58,950 )
NET CURRENT ASSETS 132,512 179,911
TOTAL ASSETS LESS CURRENT LIABILITIES 132,512 879,911

CREDITORS
Amounts falling due after more than one
year

7

(9,883

)

(364,625

)

PROVISIONS FOR LIABILITIES - (65,272 )
NET ASSETS 122,629 450,014

CAPITAL AND RESERVES
Called up share capital 240 240
Revaluation reserve 9 - 278,264
Retained earnings 122,389 171,510
122,629 450,014

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

Yorkshire Investment Property Limited (Registered number: SC425906)

Balance Sheet - continued
30th June 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 27th June 2025 and were signed on its behalf by:





Mrs A Smith - Director


Yorkshire Investment Property Limited (Registered number: SC425906)

Notes to the Financial Statements
for the Year Ended 30th June 2024

1. STATUTORY INFORMATION

Yorkshire Investment Property Limited is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

Yorkshire Investment Property Limited (Registered number: SC425906)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1st July 2023 700,000 3,922 703,922
Disposals (700,000 ) - (700,000 )
At 30th June 2024 - 3,922 3,922
DEPRECIATION
At 1st July 2023
and 30th June 2024 - 3,922 3,922
NET BOOK VALUE
At 30th June 2024 - - -
At 30th June 2023 700,000 - 700,000

Cost or valuation at 30th June 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2016 343,536 - 343,536
Valuation in 2024 (343,536 ) - (343,536 )
Cost - 3,922 3,922
- 3,922 3,922

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,000 131,150
Other debtors 51,967 54,173
Directors' current accounts - 6,897
57,967 192,220

Yorkshire Investment Property Limited (Registered number: SC425906)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,015 9,736
Trade creditors 290 5,579
Tax 10,508 15,505
VAT 13,394 13,383
Other creditors 14,400 13,747
Directors' current accounts 905 -
Accrued expenses 1,200 1,000
50,712 58,950

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 9,883 20,209
Other creditors - 344,416
9,883 364,625

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages - 344,416

9. RESERVES
Revaluation
reserve
£   
At 1st July 2023 278,264
Movement in the year (278,264 )

At 30th June 2024 -

Yorkshire Investment Property Limited (Registered number: SC425906)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th June 2024 and 30th June 2023:

2024 2023
£    £   
Mrs A Smith and P B Smith
Balance outstanding at start of year 6,897 (5,786 )
Amounts advanced 100,197 12,683
Amounts repaid (108,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (906 ) 6,897