IRIS Accounts Production v25.1.4.42 11229778 director 1.3.24 28.2.25 28.2.25 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh112297782024-02-29112297782025-02-28112297782024-03-012025-02-28112297782023-02-28112297782023-03-012024-02-29112297782024-02-2911229778ns15:EnglandWales2024-03-012025-02-2811229778ns14:PoundSterling2024-03-012025-02-2811229778ns10:Director12024-03-012025-02-2811229778ns10:PrivateLimitedCompanyLtd2024-03-012025-02-2811229778ns10:SmallEntities2024-03-012025-02-2811229778ns10:AuditExempt-NoAccountantsReport2024-03-012025-02-2811229778ns10:SmallCompaniesRegimeForDirectorsReport2024-03-012025-02-2811229778ns10:SmallCompaniesRegimeForAccounts2024-03-012025-02-2811229778ns10:FullAccounts2024-03-012025-02-2811229778ns10:RegisteredOffice2024-03-012025-02-2811229778ns5:CurrentFinancialInstruments2025-02-2811229778ns5:CurrentFinancialInstruments2024-02-2911229778ns5:Non-currentFinancialInstruments2025-02-2811229778ns5:Non-currentFinancialInstruments2024-02-2911229778ns5:ShareCapital2025-02-2811229778ns5:ShareCapital2024-02-2911229778ns5:RetainedEarningsAccumulatedLosses2025-02-2811229778ns5:RetainedEarningsAccumulatedLosses2024-02-2911229778ns5:PlantMachinery2024-03-012025-02-2811229778ns5:PlantMachinery2025-02-2811229778ns5:WithinOneYearns5:CurrentFinancialInstruments2025-02-2811229778ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-29
REGISTERED NUMBER: 11229778 (England and Wales)















Financial Statements for the Year Ended 28 February 2025

for

Young Homes Limited

Young Homes Limited (Registered number: 11229778)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Young Homes Limited

Company Information
for the Year Ended 28 February 2025







DIRECTOR: P Young





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 11229778 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Young Homes Limited (Registered number: 11229778)

Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,666 -
Investment property 5 267,781 -
284,447 -

CURRENT ASSETS
Stocks 570,668 295,358
Debtors 6 1,337,822 843,997
Cash at bank and in hand 14,280 242,914
1,922,770 1,382,269
CREDITORS
Amounts falling due within one year 7 1,657,405 1,070,294
NET CURRENT ASSETS 265,365 311,975
TOTAL ASSETS LESS CURRENT
LIABILITIES

549,812

311,975

CREDITORS
Amounts falling due after more than one
year

8

490,555

250,000
NET ASSETS 59,257 61,975

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 59,157 61,875
SHAREHOLDERS' FUNDS 59,257 61,975

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Young Homes Limited (Registered number: 11229778)

Balance Sheet - continued
28 February 2025


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 director and authorised for issue on 8 August 2025 and were signed by:





P Young - Director


Young Homes Limited (Registered number: 11229778)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Young Homes 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable on construction services, excluding discounts, rebates, value added tax and other sales taxes. revenue is recognised on completion of the developments.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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.


Young Homes Limited (Registered number: 11229778)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 18,449
At 28 February 2025 18,449
DEPRECIATION
Charge for year 1,783
At 28 February 2025 1,783
NET BOOK VALUE
At 28 February 2025 16,666

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 267,781
At 28 February 2025 267,781
NET BOOK VALUE
At 28 February 2025 267,781

Young Homes Limited (Registered number: 11229778)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade debtors 351,386 24,728
Amounts owed by associates 921,380 808,329
Other debtors 65,056 10,940
1,337,822 843,997

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade creditors 240,812 94,271
Amounts owed to associates 946,205 860,602
Taxation and social security 9,126 24,153
Other creditors 461,262 91,268
1,657,405 1,070,294

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.25 29.2.24
£    £   
Other creditors 490,555 250,000

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 490,555 250,000

9. RELATED PARTY DISCLOSURES

Included within other debtors is an amount of £300,694, (2024, £285,643), owing from SFY Construction Limited, a company controlled by Mr P Young.

Included within other debtors is an amount of £522,686, (2024, £522,686), owing from Vauxhall Developments Limited, a company controlled by Mr P Young.

Included within other debtors is an amount of £98,000, (2024, £nil), owing from Everton Road Developments Limited, a company controlled by Mr P Young.

Included within other creditors is an amount of £125,767, (2024, £196,089), owing to Paddy Developments Limited, a company controlled by Mr P Young.

Included within other creditors is an amount of £820,438, (2024, £664,513), owing to Elm Vale Limited, a company controlled by Mr P Young.

All companies are related by common control.

The loans are interest free and repayable on demand.