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REGISTERED NUMBER: 13208943 (England and Wales)















YUILL FAMILY HOLDINGS LIMITED

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTOR AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






YUILL FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 13208943)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Director 3

Report of the Independent Auditors 4 to 7

Consolidated Income Statement 8

Consolidated Other Comprehensive Income 9

Consolidated Balance Sheet 10

Company Balance Sheet 11

Consolidated Statement of Changes in Equity 12

Company Statement of Changes in Equity 13

Consolidated Cash Flow Statement 14

Notes to the Consolidated Cash Flow Statement 15

Notes to the Consolidated Financial Statements 16 to 28


YUILL FAMILY HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: I T Yuill





REGISTERED OFFICE: Barn 4
Yew Tree Farm
Upper Harlestone
Northampton
Northamptonshire
NN7 4EL





REGISTERED NUMBER: 13208943 (England and Wales)





AUDITORS: Duncan & Toplis Audit Limited, Statutory Auditor
3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ

YUILL FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 13208943)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

The director presents his strategic report of the company and the group for the year ended 30 September 2024.

REVIEW OF BUSINESS
Yuill Family Holdings Limited is a privately owned group that supplies ancillary care activities and has substantially property investments.

The group considers its key performance indicator of the business to be its net assets and turnover. The net asset position of the Group at the Year End is £10.8m with the group generating turnover of £7.4m. The group generated a pre-tax profit of £878k. The Group held a cash balance of £2.0m at the Year End, however the majority of the assets are held in investment property.

PRINCIPAL RISKS AND UNCERTAINTIES
It is the group's policy to proactively identify, understand and manage the risk inherent in the operation of our business so as to encourage responsible and informed decision making.

We consider the group's principal risks to be competitive, operational, legal and compliance risk. Risks are managed through prudent planning and ongoing analysis of market conditions to ensure that the group stays ahead of its competitors.

POST BALANCE SHEET CONSIDERATIONS
Since the balance sheet date, the UK and global economic outlook remain uncertain, with inflationary pressures persisting despite some signs of moderation. The Bank of England has maintained elevated interest rates to address inflation, contributing to challenging economic conditions. The director continues to monitor the situation closely and is implementing strategies to navigate these headwinds. While uncertainty persists, the director is confident that the group is well-positioned to manage the challenges ahead.

KEY PERFORMANCE CONSIDERATIONS
Yuill Family Holdings Limited uses a number of key performance indicators for managing the business, principally net assets, revenue, profitability, liquidity and risk.

An analysis of both resourcing and opportunity costs set against potential returns and risk is used for investment decisions.

FUTURE DEVELOPMENTS
The trading environment in which the company operates is expected to remain competitive for the foreseeable future, with the director remaining confident that the company can continue to find development opportunities to create value for the business.

ON BEHALF OF THE BOARD:





I T Yuill - Director


8 July 2025

YUILL FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 13208943)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30 SEPTEMBER 2024

The director presents his report with the financial statements of the company and the group for the year ended 30 September 2024.

DIVIDENDS
An interim dividend of £88.26 per share was paid on 30 September 2024. The director recommends that no final dividend be paid.

The total distribution of dividends for the year ended 30 September 2024 will be £ 150,050 .

DIRECTOR
I T Yuill held office during the whole of the period from 1 October 2023 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, Duncan & Toplis Audit Limited, Statutory Auditor, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





I T Yuill - Director


8 July 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
YUILL FAMILY HOLDINGS LIMITED

Opinion
We have audited the financial statements of Yuill Family Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 30 September 2024 and of the group's loss for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
YUILL FAMILY HOLDINGS LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
YUILL FAMILY HOLDINGS LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We have identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial experience, knowledge of the sector, a review of regulatory and legal correspondence and through discussions with Directors and other management obtained as part of the work required by auditing standards. We have also discussed with the Directors and other management the policies and procedures relating to compliance with laws and regulations. We communicated laws and regulations throughout the team and remained alert to any indications of non-compliance throughout the audit.

The potential impact of different laws and regulations varies considerably. Firstly, the company is subject to laws and regulations that directly impact the financial statements (for example financial reporting legislation) and we have assessed the extent of compliance with such laws as part of our financial statements audit. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including risk of override of controls) and determined that the principal risks were related to management bias in accounting estimates and judgemental areas of the financial statements, as well as the risk of inappropriate journal entries to increase reported profitability. Audit procedures performed by the engagement team included the identification and testing of material and unusual journal entries and challenging management on key accounting estimates, assumptions and judgements made in the preparation of the financial statements. We carried out detailed substantive tests on accounting estimates, including reviewing the methods used by management to make those estimates, re-performing the calculation, and reviewing the outcome of prior year estimates.

Secondly, the company is subject to other laws and regulations where the consequence for non-compliance could have a material effect on the amounts or disclosures in the financial statements. We identified the following areas as those most likely to have such an effect: Care Quality Commission (CQC) regulations, health and safety regulations, landlord-tenant law and employment law.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Directors and other management and inspection. This inspection included a review of the CQC inspections conducted in the year, and a review of Health and Safety and employment controls. Through these procedures, if we became aware of any non-compliance, we considered the impact on the procedures performed on the related financial statement items.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. As with any audit, there is a greater risk of non-detection of irregularities as these may involve collusion, intentional omissions of the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
YUILL FAMILY HOLDINGS LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Hassan Behcet (Senior Statutory Auditor)
for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor
3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ

9 July 2025

YUILL FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 13208943)

CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   

TURNOVER 3 7,412,580 4,926,006

Cost of sales 3,193,329 2,758,493
GROSS PROFIT 4,219,251 2,167,513

Administrative expenses 3,051,705 1,458,062
1,167,546 709,451

Other operating income 19,749 -
OPERATING PROFIT 5 1,187,295 709,451

Interest receivable and similar income 13,892 20,961
1,201,187 730,412
Gain/loss on revaluation of investment property 2,435,492 4,548,006
3,636,679 5,278,418

Interest payable and similar expenses 6 2,758,757 1,133,956
PROFIT BEFORE TAXATION 877,922 4,144,462

Tax on profit 7 1,386,500 1,147,339
(LOSS)/PROFIT FOR THE FINANCIAL YEAR (508,578 ) 2,997,123
(Loss)/profit attributable to:
Owners of the parent (508,578 ) 2,997,123

YUILL FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 13208943)

CONSOLIDATED OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   

(LOSS)/PROFIT FOR THE YEAR (508,578 ) 2,997,123


OTHER COMPREHENSIVE INCOME
Merger reserve movement - 8,624,184
Income tax relating to other comprehensive
income

-

-
OTHER COMPREHENSIVE INCOME FOR THE YEAR,
NET OF INCOME TAX

-

8,624,184
TOTAL COMPREHENSIVE INCOME FOR THE YEAR (508,578 ) 11,621,307

Total comprehensive income attributable to:
Owners of the parent (508,578 ) 11,621,307

YUILL FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 13208943)

CONSOLIDATED BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 10 5,228,977 5,854,740
Tangible assets 11 901,977 864,608
Investments 12 1,305,800 2,115,800
Investment property 13 37,250,000 36,093,967
44,686,754 44,929,115

CURRENT ASSETS
Debtors 14 446,914 294,298
Cash at bank and in hand 1,977,853 9,648
2,424,767 303,946
CREDITORS
Amounts falling due within one year 15 10,602,485 11,136,859
NET CURRENT LIABILITIES (8,177,718 ) (10,832,913 )
TOTAL ASSETS LESS CURRENT LIABILITIES 36,509,036 34,096,202

CREDITORS
Amounts falling due after more than one year 16 (20,853,502 ) (19,096,995 )

PROVISIONS FOR LIABILITIES 19 (4,794,951 ) (3,479,996 )
NET ASSETS 10,860,583 11,519,211

CAPITAL AND RESERVES
Called up share capital 20 1,700 1,700
Other reserves 21 8,624,184 8,624,184
Fair value reserve 21 1,826,619 -
Retained earnings 21 408,080 2,893,327
SHAREHOLDERS' FUNDS 10,860,583 11,519,211

The financial statements were approved by the director and authorised for issue on 8 July 2025 and were signed by:





I T Yuill - Director


YUILL FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 13208943)

COMPANY BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 10 - -
Tangible assets 11 - -
Investments 12 1,600 1,600
Investment property 13 - -
1,600 1,600

CURRENT ASSETS
Debtors 14 250,100 3,600
Cash at bank 153 175
250,253 3,775
CREDITORS
Amounts falling due within one year 15 242,490 3,200
NET CURRENT ASSETS 7,763 575
TOTAL ASSETS LESS CURRENT LIABILITIES 9,363 2,175

CAPITAL AND RESERVES
Called up share capital 20 1,700 1,700
Retained earnings 21 7,663 475
SHAREHOLDERS' FUNDS 9,363 2,175

Company's profit for the financial year 157,238 104,271

The financial statements were approved by the director and authorised for issue on 8 July 2025 and were signed by:





I T Yuill - Director


YUILL FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 13208943)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Called up Fair
share Retained Other value Total
capital earnings reserves reserve equity
£    £    £    £    £   
Balance at 1 October 2022 100 (120 ) - - (20 )

Changes in equity
Issue of share capital 1,600 - - - 1,600
Dividends - (103,676 ) - - (103,676 )
Total comprehensive income - 2,997,123 8,624,184 - 11,621,307
Balance at 30 September 2023 1,700 2,893,327 8,624,184 - 11,519,211

Changes in equity
Dividends - (150,050 ) - - (150,050 )
Total comprehensive income - (2,335,197 ) - 1,826,619 (508,578 )
Balance at 30 September 2024 1,700 408,080 8,624,184 1,826,619 10,860,583

YUILL FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 13208943)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 October 2022 100 (120 ) (20 )

Changes in equity
Issue of share capital 1,600 - 1,600
Dividends - (103,676 ) (103,676 )
Total comprehensive income - 104,271 104,271
Balance at 30 September 2023 1,700 475 2,175

Changes in equity
Dividends - (150,050 ) (150,050 )
Total comprehensive income - 157,238 157,238
Balance at 30 September 2024 1,700 7,663 9,363

YUILL FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 13208943)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 2,445,018 2,271,731
Interest paid (1,930,147 ) (626,645 )
Interest element of hire purchase payments paid (141,541 ) (82,667 )
Tax paid (868,872 ) (162,800 )
Net cash from operating activities (495,542 ) 1,399,619

Cash flows from investing activities
Purchase of intangible fixed assets - (1,798 )
Purchase of tangible fixed assets (127,140 ) (237,826 )
Purchase of investment property (596,078 ) -
Sale of tangible fixed assets 108,016 40,173
Sale of fixed asset investments 800,000 -
Sale of investment property 1,553,131 -
Net cash acquired on acquisition - 227,428
Interest received 13,892 20,961
Net cash from investing activities 1,751,821 48,938

Cash flows from financing activities
New loans in year 11,903,125 500,000
Capital repayments in year (11,113,376 ) (1,835,533 )
Amount introduced by directors 72,227 -
Equity dividends paid (150,050 ) (103,676 )
Net cash from financing activities 711,926 (1,439,209 )

Increase in cash and cash equivalents 1,968,205 9,348
Cash and cash equivalents at beginning of year 2 9,648 300

Cash and cash equivalents at end of year 2 1,977,853 9,648

YUILL FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 13208943)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 877,922 4,144,462
Depreciation charges 874,132 529,087
Loss/(profit) on disposal of fixed assets 404,594 (13,054 )
Gain on revaluation of fixed assets (2,435,492 ) (4,548,006 )
Impairment - 142,980
Finance costs 2,758,757 1,133,956
Finance income (13,892 ) (20,961 )
2,466,021 1,368,464
(Increase)/decrease in trade and other debtors (152,612 ) 363,910
Increase in trade and other creditors 131,609 539,357
Cash generated from operations 2,445,018 2,271,731

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 September 2024
30.9.24 1.10.23
£    £   
Cash and cash equivalents 1,977,853 9,648
Year ended 30 September 2023
30.9.23 1.10.22
£    £   
Cash and cash equivalents 9,648 300


3. ANALYSIS OF CHANGES IN NET DEBT

Other
non-cash
At 1.10.23 Cash flow changes At 30.9.24
£    £    £    £   
Net cash
Cash at bank
and in hand 9,648 1,968,205 1,977,853
9,648 1,968,205 1,977,853
Debt
Finance leases (1,654,621 ) 766,770 (338,802 ) (1,226,653 )
Debts falling due
within 1 year (343,076 ) (169,080 ) - (512,156 )
Debts falling due
after 1 year (17,636,131 ) (2,279,832 ) - (19,915,963 )
(19,633,828 ) (1,682,142 ) (338,802 ) (21,654,772 )
Total (19,624,180 ) 286,063 (338,802 ) (19,676,919 )

YUILL FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 13208943)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Yuill Family Holdings 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Basis of consolidation
The consolidated financial statements present the results of the company and its own subsidiaries ("the group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgements that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when the asset is disposed off.

There is estimation uncertainty in calculating revaluations of investment property. A full line by line review of investment property is carried out by management regularly and professional advice is sought were needed. Whilst every attempt is made to ensure that the investment property is as accurate as possible, there remains a risk that the amounts do not match the exact market value of the asset on a given day.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

When the outcome of a transaction can be estimated reliably, turnover from rent is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the lease agreement.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

YUILL FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 13208943)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - Nil
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.3% on cost and 25% on reducing balance

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.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument
.
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

YUILL FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 13208943)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

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

3. TURNOVER

The turnover and profit before taxation are attributable to the principal activities of the group.

An analysis of turnover by class of business is given below:

2024 2023
£    £   
Rental income 2,319,780 1,113,312
Care services 5,092,800 3,812,694
7,412,580 4,926,006

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 2,249,526 2,013,029
Social security costs 209,807 215,863
Other pension costs 44,474 38,989
2,503,807 2,267,881

The average number of employees during the year was as follows:
2024 2023

Staff 89 76

The average number of employees by undertakings that were proportionately consolidated during the year was 89 (2023 - 76 ) .

2024 2023
£    £   
Director's remuneration 4,500 9,000

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Hire of plant and machinery 21,586 894
Depreciation - owned assets 137,978 465,427
Depreciation - assets on hire purchase contracts 110,391 201,389
Loss/(profit) on disposal of fixed assets 404,594 (13,054 )
Goodwill amortisation 625,673 403,730
Patents and licences amortisation 90 57
Computer software amortisation - 6,000
Auditors remuneration 37,000 35,000

YUILL FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 13208943)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest 5,256 -
Bank loan interest 886,534 (5,426 )
Arrangement fees 304,749 -
Loan 857,864 252,184
Interest payable 562,546 771,817
Interest on late payment of CT (371 ) 16,677
Hire purchase 142,179 98,704
2,758,757 1,133,956

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 71,545 31,615

Deferred tax 1,314,955 1,115,724
Tax on profit 1,386,500 1,147,339

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 877,922 4,144,462
Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2023 -
25 %)

219,481

1,036,116

Effects of:
Expenses not deductible for tax purposes 389,251 155,372
Income not taxable for tax purposes (619,391 ) (1,152,266 )
Depreciation in excess of capital allowances 116,456 48,097
Utilisation of tax losses (32,585 ) (77,852 )
Adjustments to tax charge in respect of previous periods - 270
Affects of excluding pre-acquisition income and expenses - 26,885
Change in tax rates - (4,350 )
Marginal relief (1,667 ) (657 )
Temporary timing differences 1,314,955 1,115,724
Total tax charge 1,386,500 1,147,339

Tax effects relating to effects of other comprehensive income

There were no tax effects for the year ended 30 September 2024.

2023
Gross Tax Net
£    £    £   
Merger reserve movement 8,624,184 - 8,624,184

YUILL FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 13208943)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


9. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim 150,050 103,676

10. INTANGIBLE FIXED ASSETS

Group
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 6,256,729 1,798 6,258,527
AMORTISATION
At 1 October 2023 403,730 57 403,787
Amortisation for year 625,673 90 625,763
At 30 September 2024 1,029,403 147 1,029,550
NET BOOK VALUE
At 30 September 2024 5,227,326 1,651 5,228,977
At 30 September 2023 5,852,999 1,741 5,854,740

YUILL FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 13208943)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11. TANGIBLE FIXED ASSETS

Group
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2023 303,989 41,448 276,975
Additions 22,506 13,950 48,340
Disposals - - (360 )
Reclassification/transfer - - 755
At 30 September 2024 326,495 55,398 325,710
DEPRECIATION
At 1 October 2023 - 8,443 183,166
Charge for year 65,299 10,527 31,678
Eliminated on disposal - - (208 )
Reclassification/transfer - - 755
At 30 September 2024 65,299 18,970 215,391
NET BOOK VALUE
At 30 September 2024 261,196 36,428 110,319
At 30 September 2023 303,989 33,005 93,809

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 842,265 33,001 1,497,678
Additions 374,746 6,400 465,942
Disposals (344,153 ) - (344,513 )
Reclassification/transfer - (15,671 ) (14,916 )
At 30 September 2024 872,858 23,730 1,604,191
DEPRECIATION
At 1 October 2023 416,739 24,722 633,070
Charge for year 135,380 5,485 248,369
Eliminated on disposal (164,101 ) - (164,309 )
Reclassification/transfer - (15,671 ) (14,916 )
At 30 September 2024 388,018 14,536 702,214
NET BOOK VALUE
At 30 September 2024 484,840 9,194 901,977
At 30 September 2023 425,526 8,279 864,608

The net book value of tangible fixed assets includes £ 418,302 (2023 - £ 304,546 ) in respect of assets held under hire purchase contracts.

YUILL FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 13208943)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

12. FIXED ASSET INVESTMENTS

Group Company
2024 2023 2024 2023
£    £    £    £   
Other investments not loans 1,305,800 2,115,800 1,600 1,600

Additional information is as follows:

Group
Unlisted
investments
£   
COST
At 1 October 2023
and 30 September 2024 100
NET BOOK VALUE
At 30 September 2024 100
At 30 September 2023 100

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other investments 1,305,700 2,115,700
Company
Unlisted
investments
£   
COST
At 1 October 2023
and 30 September 2024 1,600
NET BOOK VALUE
At 30 September 2024 1,600
At 30 September 2023 1,600

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

Subsidiaries

The Cube Future Living Ltd
Registered office: Barn 4, Upper Harlestone, Northampton, NN7 4EL
Nature of business: Holding Company
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 8,888 89,472
Profit for the year 169,417 18,362

YUILL FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 13208943)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

12. FIXED ASSET INVESTMENTS - continued

Yuill Family Investments Ltd
Registered office: Barn 4, Yew Tree Farm, Upper Harlestone, Northampton, Northamptonshire, NN7 4EL
Nature of business: Investment company
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves (1,376,254 ) (320,322 )
Loss for the year (1,055,932 ) (214,784 )

The Cube Disability Ltd
Registered office: Barn 4, Yew Tree Farm, Upper Harlestone, Northampton, Northamptonshire, NN7 4EL
Nature of business: ancillary care activities
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 154,385 32,047
Profit/(loss) for the year 122,337 (275,188 )

Voguefutureliving Limited
Registered office: Barn 3, Yew Tree Farm, Upper Harlestone, Northampton, Northamptonshire, NN7 4EL
Nature of business: residential care activities
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 1,572,246 1,418,691
Profit for the year 403,555 496,940

Dalmantinka Ltd
Registered office: Barn 4, Yew Tree Farm, Upper Harlestone, Northamptonshire, NN7 4EL
Nature of business: dormant
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 100 100

Yuill Family Properties Limited
Registered office: Barn 4, Yew Tree Farm, Upper Harlestone, Northampton, NN7 4EL
Nature of business: provision of other accommodation
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 6,312,905 7,216,202
(Loss)/profit for the year (903,297 ) 2,545,417

YUILL FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 13208943)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

12. FIXED ASSET INVESTMENTS - continued

Yuill Properties Limited
Registered office: Barn 4, Yew Tree Farm, Upper Harlestone, Northampton, Northamptonshire, NN7 4EL
Nature of business: property investment and letting
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 1,809,488 1,309,255
Profit/(loss) for the year 500,234 (190,461 )

Yuill Realisations Limited
Registered office: Barn 4, Yew Tree Farm, Upper Harlestone, Northampton, NN7 4EL
Nature of business: investment company
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 4,704,988 4,707,590
(Loss)/profit for the year (2,602 ) 4,708,810

Payll Developments Limited
Registered office: Barn 4, Yew Tree Farm, Upper Harlestone, Northampton, Northamptonshire, NN7 4EL
Nature of business: development of building projects
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 8,903,068 8,106,068
Profit for the year 797,000 833,882


13. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
At 1 October 2023 36,093,967
Additions 596,078
Disposals (1,875,537 )
Revaluations 2,435,492
At 30 September 2024 37,250,000
NET BOOK VALUE
At 30 September 2024 37,250,000
At 30 September 2023 36,093,967

YUILL FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 13208943)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

13. INVESTMENT PROPERTY - continued

Group

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2019 5,976,000
Valuation in 2020 795,000
Valuation in 2021 4,858,635
Valuation in 2022 1,912,328
Valuation in 2023 4,365,185
Valuation in 2024 2,435,492
Cost 16,907,360
37,250,000

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 220,293 57,937 - -
Amounts owed by group undertakings - - 250,000 -
Other debtors 42,540 219,912 100 3,600
Prepayments and accrued income 184,081 16,449 - -
446,914 294,298 250,100 3,600

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts (see note 17) 512,156 343,076 - -
Hire purchase contracts (see note 18) 289,114 193,757 - -
Trade creditors 86,559 103,714 - -
Amounts owed to group undertakings - - 231,690 3,200
Tax 199,945 997,272 - -
Social security and other taxes 52,956 38,005 - -
Other creditors 8,038,109 9,083,645 - -
Pensions 14,569 6,790 - -
Net wages 157,918 134,448 - -
Directors' current accounts 72,227 - - -
Accrued expenses 1,178,932 236,152 10,800 -
10,602,485 11,136,859 242,490 3,200

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group
2024 2023
£    £   
Bank loans (see note 17) 19,915,963 17,636,131
Hire purchase contracts (see note 18) 937,539 1,460,864
20,853,502 19,096,995

YUILL FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 13208943)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

17. LOANS

An analysis of the maturity of loans is given below:

Group
2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 512,156 343,076
Amounts falling due between one and two years:
Bank loans - 1-2 years 6,431,317 312,521
Amounts falling due between two and five years:
Bank loans - 2-5 years 2,491,521 17,323,610
Amounts falling due in more than five years:
Repayable by instalments
Bank loans - 5+ years 10,993,125 -

18. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 289,114 193,757
Between one and five years 937,539 1,460,864
1,226,653 1,654,621

19. PROVISIONS FOR LIABILITIES

Group
2024 2023
£    £   
Deferred tax 4,794,951 3,479,996

Group
Deferred
tax
£   
Balance at 1 October 2023 3,479,996
Provided during year 1,314,955
Balance at 30 September 2024 4,794,951

20. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 1,700 1,700

YUILL FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 13208943)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

21. RESERVES

Group
Fair
Retained Other value
earnings reserves reserve Totals
£    £    £    £   

At 1 October 2023 2,893,327 8,624,184 - 11,517,511
Deficit for the year (508,578 ) (508,578 )
Dividends (150,050 ) (150,050 )
Movements in the year (1,826,619 ) - 1,826,619 -
At 30 September 2024 408,080 8,624,184 1,826,619 10,858,883

Company
Retained
earnings
£   

At 1 October 2023 475
Profit for the year 157,238
Dividends (150,050 )
At 30 September 2024 7,663

The retained earnings represents cumulative profits and losses, net of dividends and other adjustments.

Other reserves represents the merger reserve as a result of the purchase of the shares in The Cube Future Living Ltd, Yuill Family Investments Ltd, The Cube Disability Ltd, Voguefutureliving Limited, Dalmantinka Ltd, Yuill Family Properties Limited, Yuill Properties Limited, Yuill Realisations Limited and Payll Developments Limited in the year ended 30 September 2023. All subsidiaries are wholly owned subsidiaries.

The fair value reserve represents cumulative unrealised gains arising from the revaluation of investment property to fair value. These gains are recognised in the profit and loss and then transferred into this reserve unless and until the investment property is disposed of, at which point the related balance is transferred back to retained earnings. The reserve is not distributable.

22. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

An amount of £7,682,757 is owed to related parties in the form of a secured loan at the balance sheet date. Interest was payable on the loan of £857,864 during the year.

Payment for services to related parties totalling £21,600 were incurred during the period.

23. ULTIMATE CONTROLLING PARTY

During the year, Mr I T Yuill was the ultimate controlling party of Yuill Family Holdings Limited by virture of majority shareholding.

YUILL FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 13208943)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

24. SUBSIDIARY AUDIT EXEMPTIONS

The subsidiaries of the Group have taken advantage of the audit exemption under Section 479A of the Companies Act 2006. This exemption is available where the parent company guarantees the liabilities of its subsidiaries, and the parent company’s financial statements are audited.

The parent company, Yuill Family Holdings, has provided guarantees for the liabilities of the following subsidiaries for the financial year ended 30 September 2023:

The Cube Future Living Limited
The Cube Disability Ltd
Voguefutureliving Ltd
Dalmantinka Ltd
Yuill Family Investments Ltd
Yuill Properties Limited
Yuill Realisations Limited
Payll Developments Limited
Yuill Family Properties Limited

As a result, these subsidiaries are exempt from the requirement to have their financial statements audited under Section 479A of the Companies Act 2006.