02208089falsethat of property development2023-11-012024-10-31http://www.companieshouse.gov.uk/2023-10-31http://www.companieshouse.gov.uk/cd:CompanySecretary12023-11-012024-10-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-10-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-10-31http://www.companieshouse.gov.uk/cd:Director12023-11-012024-10-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-10-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-10-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-10-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-10-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-10-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-11-012024-10-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-10-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-11-012024-10-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-11-012024-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-10-31http://www.companieshouse.gov.uk/2023-11-012024-10-31http://www.companieshouse.gov.uk/2023-10-31http://www.companieshouse.gov.uk/cd:FRS1022023-11-012024-10-31http://www.companieshouse.gov.uk/2024-10-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-11-012024-10-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-11-012024-10-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 02208089

Young Property Development Limited

ACCOUNTS
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
Nicholas Robert Young
SECRETARY
Kirsty Jayne Young
REGISTERED OFFICE
47a Commercial Road
Ashley Cross
Poole
Dorset
BH14 0HU
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 Sheet3
Notes To The Accounts4
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 31 October 2024
20242023
Notes££
FIXED ASSETS
Tangible assets230,83815,752
CURRENT ASSETS
Debtors345,32844,218
Cash at bank and in hand601-
45,92944,218
CREDITORS: Amounts falling due within one year442,36144,819
NET CURRENT ASSETS / (LIABILITIES)3,568(601)
TOTAL ASSETS LESS CURRENT LIABILITIES34,40615,151
CREDITORS: Amounts falling due after more than one year521,6415,252
PROVISIONS FOR LIABILITIES AND CHARGES75,8592,993
NET ASSETS6,9066,906
CAPITAL AND RESERVES
Called up share capital81,0001,000
Profit and loss account5,9065,906
SHAREHOLDERS' FUNDS6,9066,906
For the year ending 31 October 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24 July 2025 and signed on their behalf by
.............................
Nicholas Robert Young
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 20%
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
2. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesEquipmentTotal
££££
Cost
At 1 November 202330,72645,11353776,376
Additions-24,95031725,267
At 31 October 202430,72670,063854101,643
Depreciation
At 1 November 202329,24631,24413460,624
For the year2969,70518010,181
At 31 October 202429,54240,94931470,805
Net Book Amounts
At 31 October 20241,18429,11454030,838
At 31 October 20231,48013,86940315,752
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 20242023
££
Amounts falling due within one year
Prepayments70554
Directors current account45,25843,664
45,32844,218
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax2,6203,931
VAT7,5456,741
PAYE control3,9231,081
Bank loans and overdrafts-8,069
Hire purchase7,7113,609
Trade creditors18,08718,513
Accruals2,4752,875
42,36144,819
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Hire purchase 21,6415,252
21,6415,252
6. EMPLOYEES
20242023
No.No.
Average number of employees32

Young Property Development Limited

7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation5,8592,993
5,8592,993
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1000 Ordinary shares of £1 each10001000
1,0001,000