REGISTERED NUMBER: 06336787 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

YUPELET LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Jason Christopher Coleman

REGISTERED OFFICE:

Cleveland House

1-10 Sitwell Street

KINGSTON UPON HULL

East Yorkshire

HU8 7BE

REGISTERED NUMBER:

06336787 (England and Wales)

ACCOUNTANTS:

G & C Professionals Limited

trading as Graham & Company

Chartered Certified Accountants

Cleveland House

1-10 Sitwell Street

KINGSTON UPON HULL

East Yorkshire

HU8 7BE

FIXED ASSETS

Tangible assets

4

2,088,179

2,281,828

CURRENT ASSETS

Debtors

5

48,691

321,222

Cash at bank

58,634

6,701

107,325

327,923

CREDITORS

Amounts falling due within one year

6

58,110

33,899

NET CURRENT ASSETS

49,215

294,024

TOTAL ASSETS LESS CURRENT LIABILITIES

2,137,394

2,575,852

CREDITORS

Amounts falling due after more than one year

7

2,083,751

2,226,390

NET ASSETS

53,643

349,462

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

53,543

349,362

SHAREHOLDERS' FUNDS

53,643

349,462

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 24 September 2025 and were signed by:

Jason Christopher Coleman - Director

1.	STATUTORY INFORMATION

YUPELET LTD 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.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Freehold property

-

not provided

Long leasehold

-

not provided

Fixtures and fittings

-

20% on reducing balance

Investment properties and their contents are reviewed on an annual basis and revalued, where appropriate, so that they are shown on the balance sheet at their open market value. The valuations are carried out by the company's director. In accordance with Statement of Standard Accounting Practice Number 19, depreciation is only provided in respect of a permanent fall in the value of the company's investment assets . These assets are held for their investment potential and the director considers that the adoption of this policy is necessary in order to give a true and fair view.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Long

and

property

leasehold

fittings

Totals

£

£

£

£

COST

At 1 January 2024

1,938,322

323,506

90,163

2,351,991

Disposals

(192,649

)

-

(7,295

)

(199,944

)

At 31 December 2024

1,745,673

323,506

82,868

2,152,047

DEPRECIATION

At 1 January 2024

-

-

70,163

70,163

Eliminated on disposal

-

-

(6,295

)

(6,295

)

At 31 December 2024

-

-

63,868

63,868

NET BOOK VALUE

At 31 December 2024

1,745,673

323,506

19,000

2,088,179

At 31 December 2023

1,938,322

323,506

20,000

2,281,828

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,473

1,073

Amounts owed by group undertakings

37,074

-

Other debtors

1,291

312,270

Prepayments

8,853

7,879

48,691

321,222

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 8)

10,000

10,000

Trade creditors

11,528

11,903

Corporation tax

6,769

-

Social security and other taxes

43

8

Other creditors

23,055

3,417

Accrued expenses

6,715

8,571

58,110

33,899

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 8)

9,064

19,097

Other loans (see note 8)

2,074,687

2,207,293

2,083,751

2,226,390

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Property mortgages

2,074,687

2,207,293

Other loans relate to funds provided by the director and his associates to finance initial property purchase and refurbishment costs.

8.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans payable in less

than one year

10,000

10,000

10,000

10,000

Amounts falling due between one and two years:

Bank loans payable in one to two years

9,064

10,000

Amounts falling due between two and five years:

Bank loans payable in two to five years

-

9,097

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Property mortgages

2,074,687

2,207,293

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

19,064

29,097

Property mortgages

2,074,687

2,207,293

2,093,751

2,236,390

The bank loans represent commercial mortgages secured by a first charge over the various properties purchased by the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 January 2024

349,362

Profit for the year

54,181

Dividends

(350,000

)

At 31 December 2024

53,543

12.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Coleman Properties (Yorkshire) Company Limited a company registered in England and Wales, company number 11738294.