New Yatt Business Centre Limited 00991948 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is the letting of business units. Digita Accounts Production Advanced 6.30.9574.0 true 00991948 2024-04-01 2025-03-31 00991948 2025-03-31 00991948 core:CurrentFinancialInstruments 2025-03-31 00991948 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 00991948 core:FurnitureFittings 2025-03-31 00991948 core:OfficeEquipment 2025-03-31 00991948 core:PlantMachinery 2025-03-31 00991948 bus:SmallEntities 2024-04-01 2025-03-31 00991948 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 00991948 bus:FilletedAccounts 2024-04-01 2025-03-31 00991948 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 00991948 bus:RegisteredOffice 2024-04-01 2025-03-31 00991948 bus:CompanySecretaryDirector1 2024-04-01 2025-03-31 00991948 bus:Director1 2024-04-01 2025-03-31 00991948 bus:Director2 2024-04-01 2025-03-31 00991948 bus:Director4 2024-04-01 2025-03-31 00991948 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00991948 bus:Agent1 2024-04-01 2025-03-31 00991948 core:ComputerEquipment 2024-04-01 2025-03-31 00991948 core:FurnitureFittings 2024-04-01 2025-03-31 00991948 core:OfficeEquipment 2024-04-01 2025-03-31 00991948 core:PlantMachinery 2024-04-01 2025-03-31 00991948 countries:EnglandWales 2024-04-01 2025-03-31 00991948 2024-03-31 00991948 core:FurnitureFittings 2024-03-31 00991948 core:OfficeEquipment 2024-03-31 00991948 core:PlantMachinery 2024-03-31 00991948 2023-04-01 2024-03-31 00991948 2024-03-31 00991948 core:CurrentFinancialInstruments 2024-03-31 00991948 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 00991948 core:FurnitureFittings 2024-03-31 00991948 core:OfficeEquipment 2024-03-31 00991948 core:PlantMachinery 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 00991948

New Yatt Business Centre Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

New Yatt Business Centre Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 8

 

New Yatt Business Centre Limited

Company Information

Directors

D G Lonsdale

A Lonsdale

J D Lonsdale

A R Lonsdale

Company secretary

J D Lonsdale

Registered office

Site Office New Yatt Business Centre
New Yatt
Witney
Oxon
OX29 6TJ

Accountants

Landmark Accountants Limited Leavesden Park
5 Hercules Way
Watford
Hertfordshire
WD25 7GS

 

New Yatt Business Centre Limited

(Registration number: 00991948)
Balance Sheet as at 31 March 2025

Note

2025

2024

   

£

£

£

£

Fixed assets

   

 

Tangible assets

4

 

9,040

 

9,976

Investment property

5

 

2,237,913

 

2,237,913

   

2,246,953

 

2,247,889

Current assets

   

 

Debtors

6

18,729

 

43,728

 

Cash at bank and in hand

 

449,679

 

397,691

 

 

468,408

 

441,419

 

Creditors: Amounts falling due within one year

7

(128,560)

 

(128,750)

 

Net current assets

   

339,848

 

312,669

Total assets less current liabilities

   

2,586,801

 

2,560,558

Provisions for liabilities

 

(22,472)

 

(22,234)

Net assets

   

2,564,329

 

2,538,324

Capital and reserves

   

 

Called up share capital

35,000

 

35,000

 

Fair value reserve

1,774,438

 

1,774,438

 

Retained earnings

754,891

 

728,886

 

Shareholders' funds

   

2,564,329

 

2,538,324

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

New Yatt Business Centre Limited

(Registration number: 00991948)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 1 August 2025 and signed on its behalf by:
 

.........................................
D G Lonsdale
Director

 

New Yatt Business Centre Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Site Office New Yatt Business Centre
New Yatt
Witney
Oxon
OX29 6TJ
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling, which is the functional currency of the company and rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of business units and recharges to tenants in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

New Yatt Business Centre Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% straight line

Plant and machinery

25% straight line

Office equipment

25% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate, determined annually by the directors with periodic external valuations. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

Trade debtors

Trade debtors are amounts due from customers for rents and related charges.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

New Yatt Business Centre Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.
 Recognition and measurement
Basic financial instruments are recognised at amortised cost.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

 

New Yatt Business Centre Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2024

19,847

41,088

6,494

67,429

Additions

1,173

1,488

1,567

4,228

Disposals

-

(11,022)

-

(11,022)

At 31 March 2025

21,020

31,554

8,061

60,635

Depreciation

At 1 April 2024

17,439

33,994

6,020

57,453

Charge for the year

1,101

3,700

363

5,164

Eliminated on disposal

-

(11,022)

-

(11,022)

At 31 March 2025

18,540

26,672

6,383

51,595

Carrying amount

At 31 March 2025

2,480

4,882

1,678

9,040

At 31 March 2024

2,408

7,094

474

9,976

5

Investment properties

2025
£

At 1 April

2,237,913

At 31 March

2,237,913

6

Debtors

2025
£

2024
£

Trade debtors

18,273

12,127

Prepayments

456

31,601

18,729

43,728

 

New Yatt Business Centre Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

7

Creditors

2025
£

2024
£

Due within one year

Taxation and social security

52,911

48,360

Accruals and deferred income

16,767

21,508

Other creditors

58,882

58,882

128,560

128,750