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REGISTERED NUMBER: 14258543 (England and Wales)















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: D G Summerfield
Mrs H E A N Summerfield





REGISTERED OFFICE: Ashley Moor Hall
Orleton
Ludlow
Shropshire
SY8 4JJ





REGISTERED NUMBER: 14258543 (England and Wales)





AUDITORS: D.R.E. & Co. (Audit) Limited
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 2,044,191 2,044,191

CURRENT ASSETS
Debtors 5 16,797,156 18,250,869
Cash at bank 3,354,355 2,132,455
20,151,511 20,383,324
CREDITORS
Amounts falling due within one year 6 66,936 118,589
NET CURRENT ASSETS 20,084,575 20,264,735
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,128,766

22,308,926

CREDITORS
Amounts falling due after more than one year 7 4,926,339 5,149,718
NET ASSETS 17,202,427 17,159,208

CAPITAL AND RESERVES
Called up share capital 8 16,081,487 16,081,487
Retained earnings 1,120,940 1,077,721
SHAREHOLDERS' FUNDS 17,202,427 17,159,208

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 21 May 2025 and were signed on its behalf by:





D G Summerfield - Director


YARPOLE LIMITED (REGISTERED NUMBER: 14258543)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Yarpole 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.

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 1 (2023 - 1 ) .

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 - 1,586,500
Other debtors - 100
Prepayments and accrued income 53,861 41,742
53,861 1,628,342

Amounts falling due after more than one year:
Trade debtors 16,743,295 16,324,651
Prepayments and accrued income - 297,876
16,743,295 16,622,527

Aggregate amounts 16,797,156 18,250,869

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Tax 13,810 65,463
Directors' current accounts 47,126 47,126
Accruals and deferred income 6,000 6,000
66,936 118,589

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Other loans - 2-5 years 4,926,339 5,149,718

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
16,081,487 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.

Aled R Davies FCCA (Senior Statutory Auditor)
for and on behalf of D.R.E. & Co. (Audit) Limited

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
£    £   
D G Summerfield
Balance outstanding at start of year 47,126 -
Amounts advanced - 47,126
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 47,126 47,126

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 Davisummer OU by virtue of their 100% shareholding in Yarpole Ltd.