Acorah Software Products - Accounts Production 16.4.675 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 08549842 Mr RICHARD YOUNG iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08549842 2023-05-31 08549842 2024-05-31 08549842 2023-06-01 2024-05-31 08549842 frs-core:CurrentFinancialInstruments 2024-05-31 08549842 frs-core:Non-currentFinancialInstruments 2024-05-31 08549842 frs-core:FurnitureFittings 2024-05-31 08549842 frs-core:FurnitureFittings 2023-06-01 2024-05-31 08549842 frs-core:FurnitureFittings 2023-05-31 08549842 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 08549842 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08549842 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 08549842 frs-core:ShareCapital 2024-05-31 08549842 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 08549842 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08549842 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 08549842 frs-bus:SmallEntities 2023-06-01 2024-05-31 08549842 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08549842 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08549842 frs-bus:Director1 2023-06-01 2024-05-31 08549842 frs-core:CurrentFinancialInstruments 1 2024-05-31 08549842 frs-core:Non-currentFinancialInstruments 2 2024-05-31 08549842 frs-core:CurrentFinancialInstruments 4 2024-05-31 08549842 frs-countries:EnglandWales 2023-06-01 2024-05-31 08549842 2022-05-31 08549842 2023-05-31 08549842 2022-06-01 2023-05-31 08549842 frs-core:CurrentFinancialInstruments 2023-05-31 08549842 frs-core:Non-currentFinancialInstruments 2023-05-31 08549842 frs-core:ShareCapital 2023-05-31 08549842 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 08549842 frs-core:CurrentFinancialInstruments 1 2023-05-31 08549842 frs-core:Non-currentFinancialInstruments 2 2023-05-31 08549842 frs-core:CurrentFinancialInstruments 4 2023-05-31
Registered number: 08549842
YOUNG ESTATES LIMITED
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08549842
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 341,052 341,403
341,052 341,403
CURRENT ASSETS
Cash at bank and in hand 4,142 1,941
4,142 1,941
Creditors: Amounts Falling Due Within One Year 5 (127,497 ) (96,994 )
NET CURRENT ASSETS (LIABILITIES) (123,355 ) (95,053 )
TOTAL ASSETS LESS CURRENT LIABILITIES 217,697 246,350
Creditors: Amounts Falling Due After More Than One Year 6 (229,637 ) (236,670 )
NET (LIABILITIES)/ASSETS (11,940 ) 9,680
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (11,941 ) 9,679
SHAREHOLDERS' FUNDS (11,940) 9,680
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr RICHARD YOUNG
Director
08/08/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
YOUNG ESTATES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08549842 . The registered office is Unit 2 Rotherside Court Rotherside Road, Eckington, Sheffield, S21 4HL.
The director has confirmed the valuation of the property reflects current market value.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold none claimed
Fixtures & Fittings 25% reducing
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 1)
- 1
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2023 340,000 13,265 353,265
As at 31 May 2024 340,000 13,265 353,265
Depreciation
As at 1 June 2023 - 11,862 11,862
Provided during the period - 351 351
As at 31 May 2024 - 12,213 12,213
Net Book Value
As at 31 May 2024 340,000 1,052 341,052
As at 1 June 2023 340,000 1,403 341,403
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,227 2,175
Corporation tax 2,449 2,105
Other taxes and social security 2,598 4,008
Director loans account 90,111 82,511
CAROLINE YOUNG LOAN ACCOUNT 21,000 -
Accruals and deferred income 9,112 6,195
127,497 96,994
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 224,637 229,470
Bounce back loan 5,000 7,200
229,637 236,670
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3