REGISTERED NUMBER: 06624281 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

YUPELET 2 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:

06624281 (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

4,050,000

4,050,000

CURRENT ASSETS

Debtors

5

137,075

70,717

Cash at bank

1,689

189,370

138,764

260,087

CREDITORS

Amounts falling due within one year

6

114,502

40,226

NET CURRENT ASSETS

24,262

219,861

TOTAL ASSETS LESS CURRENT LIABILITIES

4,074,262

4,269,861

CREDITORS

Amounts falling due after more than one year

7

2,851,613

2,846,140

NET ASSETS

1,222,649

1,423,721

CAPITAL AND RESERVES

Called up share capital

9

50

50

Revaluation reserve

10

1,200,669

1,200,669

Capital redemption reserve

10

50

50

Retained earnings

10

21,880

222,952

SHAREHOLDERS' FUNDS

1,222,649

1,423,721

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 2 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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

3,930,000

195,540

4,125,540

DEPRECIATION

At 1 January 2024

and 31 December 2024

-

75,540

75,540

NET BOOK VALUE

At 31 December 2024

3,930,000

120,000

4,050,000

At 31 December 2023

3,930,000

120,000

4,050,000

Cost or valuation at 31 December 2024 is represented by:

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

Valuation in 2017

452,326

-

452,326

Valuation in 2012

982,355

-

982,355

Cost

2,495,319

195,540

2,690,859

3,930,000

195,540

4,125,540

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

3,429

2,103

Other debtors

123,220

61,222

Prepayments

10,426

7,392

137,075

70,717

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 8)

10,000

10,000

Trade creditors

9,468

10,500

Amounts owed to group undertakings

87,002

-

Other creditors

3,954

11,934

Accrued expenses

4,078

7,792

114,502

40,226

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 8)

8,677

18,505

Other loans (see note 8)

2,842,936

2,827,635

2,851,613

2,846,140

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Property mortgages

2,842,936

2,827,635

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

8,677

10,000

Amounts falling due between two and five years:

Bank loans payable in two to five years

-

8,505

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Property mortgages

2,842,936

2,827,635

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

50

Ordinary

£1

50

50

10.

RESERVES

Capital

Retained

Revaluation

redemption

earnings

reserve

reserve

Totals

£

£

£

£

At 1 January 2024

222,952

1,200,669

50

1,423,671

Deficit for the year

(1,072

)

(1,072

)

Dividends

(200,000

)

(200,000

)

At 31 December 2024

21,880

1,200,669

50

1,222,599

11.	ULTIMATE CONTROLLING PARTY

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