Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-302023-12-01Property rental2false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04509749 2023-12-01 2024-11-30 04509749 2024-11-30 04509749 2022-12-01 2023-11-30 04509749 2023-11-30 04509749 c:Director2 2023-12-01 2024-11-30 04509749 d:FreeholdInvestmentProperty 2024-11-30 04509749 d:FreeholdInvestmentProperty 2023-11-30 04509749 d:CurrentFinancialInstruments 2024-11-30 04509749 d:CurrentFinancialInstruments 2023-11-30 04509749 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 04509749 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 04509749 d:ShareCapital 2024-11-30 04509749 d:ShareCapital 2023-11-30 04509749 d:OtherMiscellaneousReserve 2023-12-01 2024-11-30 04509749 d:OtherMiscellaneousReserve 2024-11-30 04509749 d:OtherMiscellaneousReserve 2023-11-30 04509749 d:RetainedEarningsAccumulatedLosses 2023-12-01 2024-11-30 04509749 d:RetainedEarningsAccumulatedLosses 2024-11-30 04509749 d:RetainedEarningsAccumulatedLosses 2023-11-30 04509749 c:FRS102 2023-12-01 2024-11-30 04509749 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 04509749 c:FullAccounts 2023-12-01 2024-11-30 04509749 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 04509749 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Company Registration Number 04509749























YORHOMES LIMITED





UNAUDITED
FINANCIAL STATEMENTS





 30 NOVEMBER 2024

























 
YORHOMES LIMITED
REGISTERED NUMBER: 04509749

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
839,950
839,950

  
839,950
839,950

Current assets
  

Debtors: amounts falling due within one year
 5 
1,749
1,496

Cash at bank and in hand
 6 
8,630
14,101

  
10,379
15,597

Creditors: amounts falling due within one year
 7 
(49,193)
(85,102)

Net current liabilities
  
 
 
(38,814)
 
 
(69,505)

Total assets less current liabilities
  
801,136
770,445

Provisions for liabilities
  

Deferred tax
  
(2,743)
(2,743)

  
 
 
(2,743)
 
 
(2,743)

Net assets
  
798,393
767,702


Capital and reserves
  

Called up share capital 
  
2
2

Other reserves
 8 
316,157
316,157

Profit and loss account
 8 
482,234
451,543

  
798,393
767,702


Page 1

 
YORHOMES LIMITED
REGISTERED NUMBER: 04509749

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 July 2025.

T J Morton
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
YORHOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Yorhomes Limited is a private company limited by shares, incorporated in England and Wales under company number 04509749. The company's registered office is Third Floor, Goodbard House, 15 Infirmary Street, Leeds, LS1 2JS.
These financial statements have been presented in Pound Sterling as this is the currency of the primary economic environment in which the company operates. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
YORHOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
YORHOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 December 2023
839,950



At 30 November 2024
839,950

The 2024 valuations were made by the directors, on an open market value for existing use basis.





5.


Debtors

2024
2023
£
£


Prepayments and accrued income
1,749
1,496

1,749
1,496


Page 5

 
YORHOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
8,630
14,101

8,630
14,101



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
32,078

Corporation tax
7,220
7,725

Accruals and deferred income
41,973
45,299

49,193
85,102





8.


Reserves

Other reserves

Non distributable reserve arising from the upward revaluation of the Company's freehold investment property.

Profit and loss account

Fully-distributable reserve containing the accumulated balance of the Company's retained earnings.


9.


Related party transactions

T Morton is a director and shareholder of both Yorplace Limited and Yorparks Limited.
Included in creditors is an amount due to Yorplace Limited totalling £25,000 (2023 - £25,000).
Included in creditors is an amount due to Yorparks Limited totalling £10,000 (2023 - NIL).


Page 6