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REGISTERED NUMBER: 05686540 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

YORVALE (LEEDS) LIMITED

YORVALE (LEEDS) LIMITED (REGISTERED NUMBER: 05686540)






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 (LEEDS) LIMITED

COMPANY INFORMATION
for the year ended 31 October 2024







DIRECTORS: M D Cormack
J J Binnian



SECRETARY: J J Binnian



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



REGISTERED NUMBER: 05686540 (England and Wales)



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



SOLICITORS: DWF
Bridgewater Place
Water Lane
Leeds
LS11 5DY

YORVALE (LEEDS) LIMITED (REGISTERED NUMBER: 05686540)

BALANCE SHEET
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,000,000 1,000,000

CURRENT ASSETS
Debtors 5 30,973 30,973
Cash at bank 16,680 49,067
47,653 80,040
CREDITORS
Amounts falling due within one year 6 666,624 715,799
NET CURRENT LIABILITIES (618,971 ) (635,759 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

381,029

364,241

PROVISIONS FOR LIABILITIES 52,253 52,253
NET ASSETS 328,776 311,988

CAPITAL AND RESERVES
Called up share capital 7 1 1
Revaluation reserve 8 156,757 156,757
Retained earnings 8 172,018 155,230
SHAREHOLDERS' FUNDS 328,776 311,988

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 (LEEDS) LIMITED (REGISTERED NUMBER: 05686540)

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:




M D Cormack - Director



J J Binnian - Director


YORVALE (LEEDS) LIMITED (REGISTERED NUMBER: 05686540)

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

1. STATUTORY INFORMATION

Yorvale (Leeds) 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 (LEEDS) LIMITED (REGISTERED NUMBER: 05686540)

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 1,000,000
NET BOOK VALUE
At 31 October 2024 1,000,000
At 31 October 2023 1,000,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2022 1,000,000

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

31.10.24 31.10.23
£    £   
Cost 790,990 790,990

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

Both valuers are directors of the company.

In the event of disposal at the market value stated above, a tax charge of £52,253 would arise.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Loans to associated companies 30,973 30,973

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 1,837 1,836
Amounts advanced from parent company 404,466 454,965
Amounts owed to associates 223,969 223,969
Tax 4,352 3,029
Accruals and deferred income 32,000 32,000
666,624 715,799

YORVALE (LEEDS) LIMITED (REGISTERED NUMBER: 05686540)

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 £1 1 1

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 November 2023 155,230 156,757 311,987
Profit for the year 16,788 16,788
At 31 October 2024 172,018 156,757 328,775

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