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Registered number: 09241864
Yarrow Property & Building Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
TaxMatters Accountants
Chartered Certified Accountants
108 Pall Mall
Chorley
PR7 2LB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09241864
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 93,549 124,273
93,549 124,273
CURRENT ASSETS
Stocks 5 10,750 10,750
Debtors 6 705,042 442,710
Cash at bank and in hand 525,258 481,373
1,241,050 934,833
Creditors: Amounts Falling Due Within One Year 7 (299,013 ) (222,502 )
NET CURRENT ASSETS (LIABILITIES) 942,037 712,331
TOTAL ASSETS LESS CURRENT LIABILITIES 1,035,586 836,604
PROVISIONS FOR LIABILITIES
Deferred Taxation (23,075 ) (30,950 )
NET ASSETS 1,012,511 805,654
CAPITAL AND RESERVES
Called up share capital 8 99 99
Profit and Loss Account 1,012,412 805,555
SHAREHOLDERS' FUNDS 1,012,511 805,654
Page 1
Page 2
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Marcus Yarrow
Director
21st October 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Yarrow Property & Building Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09241864 . The registered office is Unit 17, Lower Healy Business Park, Froom Street, Chorley, PR6 9AR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% RB
Motor Vehicles 25% RB
Fixtures & Fittings 25% RB
Computer Equipment 25% RB
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 63,150 158,124 2,800 7,485 231,559
Additions - - - 748 748
As at 31 March 2025 63,150 158,124 2,800 8,233 232,307
Depreciation
As at 1 April 2024 34,398 66,158 1,225 5,505 107,286
Provided during the period 7,188 22,990 394 900 31,472
As at 31 March 2025 41,586 89,148 1,619 6,405 138,758
Net Book Value
As at 31 March 2025 21,564 68,976 1,181 1,828 93,549
As at 1 April 2024 28,752 91,966 1,575 1,980 124,273
5. Stocks
2025 2024
£ £
Materials 10,750 10,750
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 57,357 32,597
D&M Properties loan 194,410 190,598
Corporation tax recoverable assets 42,616 -
Directors' loan accounts 410,659 219,515
705,042 442,710
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 93,892 32,200
Corporation tax 99,339 90,979
Other taxes and social security 14,776 2,272
VAT 52,397 93,093
Accruals and deferred income 38,609 3,958
299,013 222,502
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 99 99
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Daniel Yarrow 131,620 140,312 34,500 - 237,432
Mr Marcus Yarrow 87,894 119,143 33,810 - 173,227
The above loan is unsecured, interest free and repayable on demand.
10. Related Party Transactions
During the year the company paid management charges of £15,000 (2024; £18,000) and received subcontract services of £70,466 from Yarrow Maintenance Ltd, a company owned and controlled by Marcus Yarrow who is a director of the company.
During the year the company also paid management charges of £13,500 (2024; £18,000) to Yarrow Fix, a business owned by Daniel Yarrow who is a director of the company.
The company also lent £194,410 (2024: £190,598) to and charged interest of £3,812 (2024; 6,196) to D&M Yarrow Properties Ltd, a company fully owned and controlled by the directors of the company.
11. Ultimate Controlling Party
The company is considered to be under the control of the directors acting in concert.
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