| Registered number: 02208089 | ||||||||
| FOR THE YEAR ENDED 31 OCTOBER 2024 | ||||||||
| Prepared By: | ||||||||
| Willow Accounting & Consultancy | ||||||||
| 47a Commercial Road | ||||||||
| Ashley Cross | ||||||||
| Poole | ||||||||
| Dorset | ||||||||
| BH14 0HU | ||||||||
| Young Property Development Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THE YEAR ENDED 31 OCTOBER 2024 | ||||||||
| DIRECTORS | ||||||||
| SECRETARY | ||||||||
| REGISTERED OFFICE | ||||||||
| Dorset | ||||||||
| COMPANY DETAILS | ||||||||
| Private company limited by shares registered in EW - England and Wales, registered number 02208089 | ||||||||
| ACCOUNTANTS | ||||||||
| Willow Accounting & Consultancy | ||||||||
| 47a Commercial Road | ||||||||
| Ashley Cross | ||||||||
| Poole | ||||||||
| Dorset | ||||||||
| BH14 0HU | ||||||||
| Young Property Development Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THEYEARENDED31 OCTOBER 2024 | ||||||||
| CONTENTS | ||||||||
| Page | ||||||||
| Directors' Report | - | |||||||
| Accountants' Report | - | |||||||
| Statement Of Comprehensive Income | - | |||||||
| Balance Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| The following do not form part of the statutory financial statements: | ||||||||
| Trading And Profit And Loss Account | - | |||||||
| Profit And Loss Account Summaries | - | |||||||
| Young Property Development Limited | ||||||||
| BALANCE SHEET AT | ||||||||||
| 2024 | 2023 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Tangible assets | 2 | |||||||||
| CURRENT ASSETS | ||||||||||
| Debtors | 3 | |||||||||
| Cash at bank and in hand | ||||||||||
| 45,929 | 44,218 | |||||||||
| CREDITORS: Amounts falling due within one year | 4 | |||||||||
| NET CURRENT ASSETS / (LIABILITIES) | (601) | |||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| CREDITORS: Amounts falling due after more than one year | 5 | 21,641 | 5,252 | |||||||
| PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
| NET ASSETS | ||||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | 8 | |||||||||
| Profit and loss account | 5,906 | 5,906 | ||||||||
| SHAREHOLDERS' FUNDS | ||||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| Director | ||||||||||
| Young Property Development Limited | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE YEAR ENDED 31 OCTOBER 2024 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. Basis Of Accounting | ||||||||
| The accounts have been prepared under the historical cost convention. | ||||||||
| The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . | ||||||||
| 1b. Depreciation | ||||||||
| Plant and Machinery | reducing balance 20% | |||||||
| Commercial Vehicles | reducing balance 25% | |||||||
| Equipment | reducing balance 25% | |||||||
| 2. TANGIBLE FIXED ASSETS | |||||||||||
| Plant and | Commercial | ||||||||||
| Machinery | Vehicles | Equipment | Total | ||||||||
| £ | £ | £ | £ | ||||||||
| Cost | |||||||||||
| At 1 November 2023 | 30,726 | 45,113 | 537 | 76,376 | |||||||
| Additions | - | 24,950 | 317 | 25,267 | |||||||
| At 31 October 2024 | 30,726 | 70,063 | 854 | 101,643 | |||||||
| Depreciation | |||||||||||
| At 1 November 2023 | 29,246 | 31,244 | 134 | 60,624 | |||||||
| For the year | 296 | 9,705 | 180 | 10,181 | |||||||
| At 31 October 2024 | 29,542 | 40,949 | 314 | 70,805 | |||||||
| Net Book Amounts | |||||||||||
| At 31 October 2024 | 30,838 | ||||||||||
| At 31 October 2023 | 15,752 | ||||||||||
| Included in Commercial Vehicles are assets subject to hire purchase agreements, the net book value of which amounts to £24,764 at 31 October 2024. Depreciation of £8,254 has been charged against this asset in the year. | |||||||||||
| Young Property Development Limited | ||||||||
| 3. DEBTORS | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year | ||||||||
| Prepayments | 70 | 554 | ||||||
| Directors current account | 45,258 | 43,664 | ||||||
| 45,328 | 44,218 | |||||||
| 4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| UK corporation tax | 2,620 | 3,931 | ||||||
| VAT | 7,545 | 6,741 | ||||||
| PAYE control | 3,923 | 1,081 | ||||||
| Bank loans and overdrafts | - | 8,069 | ||||||
| Hire purchase | 7,711 | 3,609 | ||||||
| Trade creditors | 18,087 | 18,513 | ||||||
| Accruals | 2,475 | 2,875 | ||||||
| 42,361 | 44,819 | |||||||
| 5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Hire purchase | 21,641 | 5,252 | ||||||
| 21,641 | 5,252 | |||||||
| 6. EMPLOYEES | ||||||
| 2024 | 2023 | |||||
| No. | No. | |||||
| Average number of employees | 2 | |||||
| Young Property Development Limited | ||||||||
| 7. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Deferred taxation | 5,859 | 2,993 | ||||||
| 5,859 | 2,993 | |||||||
| 8. SHARE CAPITAL | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Allotted, issued and fully paid: | ||||||||
| 1000 | 1000 | |||||||
| 1,000 | 1,000 | |||||||