Company registration number 10699100 (England and Wales)
CROSSLAND YATES ESTATES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
CROSSLAND YATES ESTATES LIMITED
COMPANY INFORMATION
Directors
Mr A J Yates
Mrs H Yates
Mr W Crossland
Company number
10699100
Registered office
1 Beevor Court
Pontefract Road
Barnsley
South Yorkshire
S71 1HG
Accountants
Brearley & Co Accountants Limited
39/43 Bridge Street
Swinton
Mexborough
South Yorkshire
S64 8AP
Business address
1 Beevor Court
Pontefract Road
Barnsley
South Yorkshire
S71 1HG
Bankers
Lloyds Bank Plc
32 Corporation Street
Rotherham
South Yorkshire
S60 1NQ
CROSSLAND YATES ESTATES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
CROSSLAND YATES ESTATES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment properties
4
1,644,644
1,644,644
Current assets
Debtors
5
3,780
3,397
Cash at bank and in hand
3,685
23,274
7,465
26,671
Creditors: amounts falling due within one year
6
(73,842)
(60,832)
Net current liabilities
(66,377)
(34,161)
Total assets less current liabilities
1,578,267
1,610,483
Creditors: amounts falling due after more than one year
7
(502,744)
(544,642)
Provisions for liabilities
(144,500)
(144,500)
Net assets
931,023
921,341
Capital and reserves
Called up share capital
8
100
100
Fair value reserve
433,500
433,500
Profit and loss reserves
497,423
487,741
Total equity
931,023
921,341

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 15 October 2025 and are signed on its behalf by:
Mr A J Yates
Mr W Crossland
Director
Director
Company Registration No. 10699100
CROSSLAND YATES ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Crossland Yates Estates Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Beevor Court, Pontefract Road, Barnsley, South Yorkshire, S71 1HG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

CROSSLAND YATES ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

CROSSLAND YATES ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Judgements and key sources of estimation uncertainty

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 the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
4
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
1,644,644

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
2,550
2,325
Other debtors
1,230
1,072
3,780
3,397

Other debtors of £1,230 (2024 - £1,072) includes prepayments of £1,230 (2024 - £1,072).

CROSSLAND YATES ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
30,316
31,899
Taxation and social security
2,241
12,850
Other creditors
41,285
16,083
73,842
60,832

Other creditors of £41,285 (2024 - £16,083) includes directors' current accounts £1,17 6 (202 4 - £1,176), hire purchase liability £13,16 9 (202 4 - £1 3,169), accruals and deferred income £1,440 (202 4 - £1,738) and connected company loan £25,500 (202 4 - £Nil).

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
478,047
506,741
Other creditors
24,697
37,901
502,744
544,642

The bank loans are secured by charges over the buildings at:

61 Barnsley Road, Wombwell, Barnsley, South Yorkshire, S73 8HT

170 Hough lane, Wombwell, Barnsley, South Yorkshire, S73 0EF

4A Clifford Street, Cudworth, Barnsley, South Yorkshire, S72 8BA

6 Main Street, Wombwell, Barnsley, South Yorkshire, S73 8JQ

20 Princess Street, Wombwell, Barrnsley, South Yorkshire, S73 8JX

37 Schofield Road, Darfield, Barnsley, South Yorkshire, S73 9DZ

17 Park View, Brierley, Barnsley, South Yorkshire, S72 9EN

100 Main Street, Wombwell, Barnsley, South Yorkshire, S73 8JU

26 Pontefract Road, Cudworth, Barnsley, South Yorkshire, S72 8AY

16 Belgrave Road, Barnsley, South Yorkshire, S71 1EQ

4 West Street, Darfield, Barnsley, South Yorkshire, S7 3 9NF

7 Marsh Street, Wombwell, Barnsley, South Yorkshire, S73 0AG

Other creditors of £24,697 (2024 - £37,901) includes hire purchase liability £24,697 (2024 - £37,901).

Creditors which fall due after five years are as follows:
2025
2024
£
£
Payable by instalments
365,033
385,193
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A Shares of £1 each
100
100
100
100
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