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REGISTERED NUMBER: 00183875 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Joseph Yates Limited

| Joseph Yates Limited (Registered number: 00183875) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

| Joseph Yates Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTOR: | S A Briggs

| SECRETARY: | Mrs C J Briggs

| REGISTERED OFFICE: | Danehill Lodge

| Tanyard Lane

| Danehill

| West Sussex

| RH17 7JW

| REGISTERED NUMBER: | 00183875 (England and Wales)

| ACCOUNTANTS: | Harrison North

| Adam House, 7-10 Adam Street

| London

| WC2N 6AA

| Joseph Yates Limited (Registered number: 00183875) |

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 8,175,000 |  | 8,175,000 |  |

CURRENT ASSETS

Stocks | 200,000 |  | 426,471 |  |

Debtors | 5 | 16,293 |  | 133,567 |  |

Cash at bank | 11,622 |  | 242,549 |  |

227,915 |  | 802,587 |  |

CREDITORS

Amounts falling due within one year | 6 | 6,108,150 |  | 6,709,665 |  |

NET CURRENT LIABILITIES | (5,880,235 | ) | (5,907,078 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,294,765 |  | 2,267,922 |  |

CAPITAL AND RESERVES

Called up share capital | 18,000 |  | 18,000 |  |

Capital redemption reserve | 2,000 |  | 2,000 |  |

Fair value reserve | 7 | 1,043,509 |  | 1,043,509 |  |

Retained earnings | 1,231,256 |  | 1,204,413 |  |

2,294,765 |  | 2,267,922 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

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

| Joseph Yates Limited (Registered number: 00183875) |

Balance Sheet - continued

31 March 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 21 October 2025 and were signed by:

S A Briggs - Director

| Joseph Yates Limited (Registered number: 00183875) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Joseph Yates 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.

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.

| Significant judgements and estimates

| No significant judgements have had to be made by the directors in preparing these financial statements other than the value of the London investment property.

| Turnover

| Turnover comprises commercial rent receivable and residential rents receivable, net of letting agency fees.

| 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

| The property development in progress is shown at its original cost with the addition of professional fees incurred and no finance costs.

| The developments in progress is also assessed for impairment at each reporting date. The carrying amount is compared with its estimated selling price less costs to complete and sell. If a development is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or 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.

| Joseph Yates Limited (Registered number: 00183875) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 7 ) .

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024

| and 31 March 2025 | 8,175,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 8,175,000 |  |

| At 31 March 2024 | 8,175,000 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2024 | 8,175,000 |  |

| Joseph Yates Limited (Registered number: 00183875) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | - |  | 76,348 |  |

| Other debtors | 16,293 |  | 57,219 |  |

16,293 |  | 133,567 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade creditors | 1,765 |  | 98 |  |

| Amounts owed to group undertakings | 5,857,206 |  | 6,199,975 |  |

| Taxation and social security | 8,440 |  | 65,093 |  |

| Other creditors | 240,739 |  | 444,499 |  |

6,108,150 |  | 6,709,665 |  |

7. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 April 2024

| and 31 March 2025 | 1,043,509 |  |

8. | ULTIMATE CONTROLLING PARTY

| The controlling party is Stonehurst Estates Limited.

| The ultimate controlling party is S A Briggs.