| REGISTERED NUMBER: |
| AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| YARPOLE LIMITED |
| REGISTERED NUMBER: |
| AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| YARPOLE LIMITED |
| YARPOLE LIMITED (REGISTERED NUMBER: 14258543) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| YARPOLE LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| 7 Lower Brook Street |
| Oswestry |
| Shropshire |
| SY11 2HG |
| YARPOLE LIMITED (REGISTERED NUMBER: 14258543) |
| BALANCE SHEET |
| 31 DECEMBER 2024 |
| 31.12.24 | 31.12.23 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| YARPOLE LIMITED (REGISTERED NUMBER: 14258543) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Yarpole Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The accounts are for the individual entity only. |
| The financial statements are presented in sterling (£), rounded to the nearest £1. |
| Significant judgements and estimates |
| The significant judgements and sources of key accounting estimates that have been applied in the preparation of these financial statements are set out below. These have been deemed appropriate and consistently applied to all the years presented. |
| Judgements |
| Provision against monies due to the company is considered at the end of the financial period. |
| Foreign income and costs policy |
| Loan interest receivable is recognised using the simple interest rate method. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| 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. |
| YARPOLE LIMITED (REGISTERED NUMBER: 14258543) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Investments |
| Investments in listed shares are shown in the balance sheet at market value. Realised and unrealised investment gains and losses are recognised in the profit and loss account in the period in which they occur. |
| Cash and cash equivalents |
| Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid |
| investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of |
| change in value. |
| Financial instruments |
| Recognition and measurement |
| Basic financial assets and liabilities are initially recognised at transaction price and are subsequently carried at amortised cost using the effective interest method. |
| Effective interest rate method |
| This is the rate that discounts estimated future cash receipts (including all fees that form an integral part of the effective interest rate, transaction costs or other premiums or discounts) through the expected life of the |
| instrument, or (where appropriate) a shorter period, to the net carrying amount of initial recognition. |
| Impairment |
| At the end of each financial period, financial assets are assessed for objective measurement of impairment and any impairment loss is recognised in the profit and loss. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | FIXED ASSET INVESTMENTS |
| Investments (neither listed nor unlisted) were as follows: |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Cost brought forward | 2,044,191 | - |
| Additions | - | 2,099,093 |
| Repayments | - | (54,902 | ) |
| 2,044,191 | 2,044,191 |
| YARPOLE LIMITED (REGISTERED NUMBER: 14258543) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 5. | DEBTORS |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| Prepayments and accrued income |
| Amounts falling due after more than one year: |
| Trade debtors |
| Prepayments and accrued income |
| Aggregate amounts |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Tax |
| Directors' current accounts |
| Accruals and deferred income |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Other loans - 2-5 years |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.24 | 31.12.23 |
| value: | £ | £ |
| Ordinary | £1 | 16,081,487 | 16,081,487 |
| The company was incorporated with 1 ordinary £1 share. |
| 9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| YARPOLE LIMITED (REGISTERED NUMBER: 14258543) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the year ended 31 December 2024 and the period ended 31 December 2023: |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| No interest is being charged on this balance. |
| 11. | RELATED PARTY DISCLOSURES |
| During the year, the company provided loans of £461,087, £4,533 and £372,118 to Kidwelly Causeway Ltd, Bailiwick Holdings Ltd and Global House Droitwich Ltd respectively, all companies in which D Summerfield is also a director. The balance owing from related companies total £897,560 (2023: £2,492,158). |
| During the year, the company received loans of £707,660, £150,000, £1,070 & £4,533 from Tuscantime Ltd, Monarch Property Services Ltd, Chadlington House Property Management Services Ltd and Paddington Street Ltd respectively, all companies in which D Summerfield is also a director. The balance owing to related companies total £4,910,636 (2023: £5,134,015). |
| The balance owning from and to related companies is included in trade creditors and trade debtors. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The ultimate parent company is |