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REGISTERED NUMBER: 06606060 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

YORVALE (YORK) LIMITED

YORVALE (YORK) LIMITED (REGISTERED NUMBER: 06606060)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YORVALE (YORK) LIMITED

COMPANY INFORMATION
for the year ended 31 October 2024







DIRECTORS: J J Binnian
M D Cormack





SECRETARY: J J Binnian





REGISTERED OFFICE: Pear Tree Farm
Shirbutt Lane
Hessay
York
YO26 8JT





REGISTERED NUMBER: 06606060 (England and Wales)





ACCOUNTANTS: Baty Casson Long
Windsor House
Cornwall Road
Harrogate
North Yorkshire
HG1 2PW

YORVALE (YORK) LIMITED (REGISTERED NUMBER: 06606060)

BALANCE SHEET
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 780,169 780,169

CURRENT ASSETS
Debtors 5 227,119 224,465
Cash at bank 3,973 85,817
231,092 310,282
CREDITORS
Amounts falling due within one year 6 274,954 400,162
NET CURRENT LIABILITIES (43,862 ) (89,880 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

736,307

690,289

PROVISIONS FOR LIABILITIES 25,934 25,934
NET ASSETS 710,373 664,355

CAPITAL AND RESERVES
Called up share capital 7 1 1
Revaluation reserve 8 81,856 81,856
Retained earnings 8 628,516 582,498
SHAREHOLDERS' FUNDS 710,373 664,355

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

YORVALE (YORK) LIMITED (REGISTERED NUMBER: 06606060)

BALANCE SHEET - continued
31 October 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 29 July 2025 and were signed on its behalf by:




J J Binnian - Director



M D Cormack - Director


YORVALE (YORK) LIMITED (REGISTERED NUMBER: 06606060)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Yorvale (York) 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 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.

The accounts have been prepared on the going concern basis which assumes the continued support of the bank and creditors and the company's ability to generate positive cash flow. In the opinion of the directors, the going concern basis is appropriate for the preparation of the accounts.

Turnover
Turnover represents amounts charged by the company in respect of rent and associated costs during the year, excluding value added tax.

Investment property
Investment property is shown at most recent market valuation. Any aggregate surplus or deficit arising from changes in market value is taken to profit and loss account and transferred to a fair value reserve: 'revaluation reserve'.

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 2 (2023 - 2 ) .

YORVALE (YORK) LIMITED (REGISTERED NUMBER: 06606060)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 780,169
NET BOOK VALUE
At 31 October 2024 780,169
At 31 October 2023 780,169

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2022 780,169

If investment property had not been revalued it would have been included at the following historical cost:

31.10.24 31.10.23
£    £   
Cost 689,256 689,256

Investment property was valued on an open market basis on 31 October 2022 by M Cormack MRICS and J Binnian MRICS .

Costs as stated above include capitalised interest of £3,095.

Both valuers are directors of the company.

In the event of disposal at the market value stated above, a tax charge of £22,728 would arise.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 3,152 498
Amounts owed by group undertakings 223,967 223,967
227,119 224,465

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 3,445 3,638
Amounts owed to group undertakings 240,698 365,496
Amounts owed to associates 4,632 4,632
Tax 14,891 15,746
VAT 3,051 2,413
Accruals and deferred income 8,237 8,237
274,954 400,162

YORVALE (YORK) LIMITED (REGISTERED NUMBER: 06606060)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
1 Ordinary share £1 1 1

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 November 2023 582,498 81,856 664,354
Profit for the year 46,018 46,018
At 31 October 2024 628,516 81,856 710,372

Deferred tax has been provided on the revaluation reserve at the rate of 25%.