Yorkshire Choice Homes Limited 13819888 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is development of building projects. Digita Accounts Production Advanced 6.30.9574.0 true false false true 13819888 2024-04-01 2025-03-31 13819888 2025-03-31 13819888 core:RetainedEarningsAccumulatedLosses 2025-03-31 13819888 core:ShareCapital 2025-03-31 13819888 core:CurrentFinancialInstruments 2025-03-31 13819888 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 13819888 bus:SmallEntities 2024-04-01 2025-03-31 13819888 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 13819888 bus:FilletedAccounts 2024-04-01 2025-03-31 13819888 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13819888 bus:RegisteredOffice 2024-04-01 2025-03-31 13819888 bus:Director2 2024-04-01 2025-03-31 13819888 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13819888 1 2024-04-01 2025-03-31 13819888 countries:EnglandWales 2024-04-01 2025-03-31 13819888 core:CostValuation 2024-03-31 13819888 2023-04-01 2024-03-31 13819888 2024-03-31 13819888 core:RetainedEarningsAccumulatedLosses 2024-03-31 13819888 core:ShareCapital 2024-03-31 13819888 core:CurrentFinancialInstruments 2024-03-31 13819888 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 13819888

Yorkshire Choice Homes Limited
Unaudited Financial Statements
for the Year Ended 31 March 2025

Yorkshire Choice Homes Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 5

Yorkshire Choice Homes Limited

(Registration number: 13819888)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investments | 4 | 9 | 9
Current assets |  |  |
Debtors (including £10,923,607 (2024: £3,382,749) due after one year) | 5 | 13,197,953 | 6,833,698
Cash at bank and in hand |  | 1,703 | 2,798
|  | 13,199,656 | 6,836,496
Creditors: Amounts falling due within one year | 6 | (13,032,112) | (6,905,220)
Net current assets/(liabilities) |  | 167,544 | (68,724)
Net assets/(liabilities) |  | 167,553 | (68,715)
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 167,453 | (68,815)
Shareholders' funds/(deficit) |  | 167,553 | (68,715)

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 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.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:

......................................... Ms J E Ismail Director

Yorkshire Choice Homes Limited

Notes to the Unaudited 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:
Unit 2 Block C
14 Hulme Street
Salford
Greater Manchester
M5 4ZG
UK

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.

Group accounts not prepared

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent, qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the parent company. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

Yorkshire Choice Homes Limited

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

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Investments

Investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss. A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 9 | 9

Subsidiaries | £
Cost or valuation
At 1 April 2024 | 9
Carrying amount
At 31 March 2025 | 9
At 31 March 2024 | 9

Yorkshire Choice Homes Limited

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

Details of undertakings

|  |  |  | Proportion of voting rights
Undertaking |  | Holding |  | and shares held
Subsidiary undertaking |  |  |  | 2025 | 2024 |  | Principal Activity
Yorkshire Choice Homes Construction Limited |  | Ordinary |  | 100% | 100% |  | Development of building projects
Yorkshire Choice Homes SPV 1 Limited |  | Ordinary |  | 100% | 100% |  | Development of building projects
Yorkshire Choice Homes SPV 2 Limited |  | Ordinary |  | 100% | 100% |  | Development of building projects
Yorkshire Choice Homes SPV 3 Limited |  | Ordinary |  | 100% | 100% |  | Development of building projects
Yorkshire Choice Homes SPV 4 Limited |  | Ordinary |  | 100% | 100% |  | Development of building projects
Yorkshire Choice Homes SPV 5 Limited |  | Ordinary |  | 100% | 100% |  | Development of building projects
Yorkshire Choice Homes SPV 6 Limited |  | Ordinary |  | 100% | 100% |  | Development of building projects
Yorkshire Choice Homes SPV 7 Limited |  | Ordinary |  | 100% | 100% |  | Development of building projects
Yorkshire Choice Homes SPV 8 Limited |  | Ordinary |  | 100% | 100% |  | Development of building projects

5 | Debtors

|  | 2025 £ | 2024 £
Owed by group undertakings |  | 11,376,547 | 6,065,680
Prepayments |  | 1,821,356 | 767,968
Other debtors |  | 50 | 50
|  | 13,197,953 | 6,833,698

Details of non-current trade and other debtors

£10,923,607 (2024: £3,382,749) of 'owed by group undertakings' is classified as non current.

6 | Creditors

Creditors: amounts falling due within one year

|  | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 6,254 | 6,254
Owed to group undertakings |  | 11,108,115 | 6,083,680
Accruals and deferred income |  | 1,917,743 | 815,286
|  | 13,032,112 | 6,905,220

Yorkshire Choice Homes Limited

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

Included within owed to related parties is £11,108,115 (2024: £5,873,464) in relation to a loan which is secured by a first legal mortgage dated 17 May 2022, 30 January 2023 and 18 April 2023 by Salboy Partnerships Limited, securing any monies due to them.
The legal mortgages created a fixed and floating charge over the company’s freehold or leasehold land and property which is owned by Yorkshire Choice Homes SPV 1 Limited, and ‘Westfield Lane, Wyke’ which is owned by Yorkshire Choice Homes SPV 2 Limited. As well as the above, a floating charge over all the property or undertakings of the company.

7 | Parent and ultimate parent undertaking

The company is owned by Salboy Partnerships Limited, J Begg Holdings Limited and D Begg Holdings Limited who between them own 100% of the issued share capital. In the opinion of the directors there is no ultimate controlling party.
Salboy Partnerships Limited is a company incorporated in England and Wales, company number 13626842, registered office Unit 2 Block C, 14 Hulme Street, Salford, Manchester, England, M5 4ZG.
J Begg Holdings Limited is a company incorporated in England and Wales, company number 12035253, registered office Unit 7 Courtyard 31, Pontefract Road, Normanton, United Kingdom, WF6 1JU
D Begg Holdings Limited is a company incorporated in England and Wales, company number 12035224, registered office Unit 7 Courtyard 31, Pontefract Road, Normanton, United Kingdom, WF6 1JU