REGISTERED NUMBER: 02343577 (England and Wales)

Yorkshire Coast Workshops Limited

Unaudited Financial Statements

For The Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Crowther

D J Durrant

A C Robinson

SECRETARY:

J E Greenwood

REGISTERED OFFICE:

Cayley Court

Hopper Hill Road

Eastfield

Scarborough

North Yorkshire

YO11 3YJ

REGISTERED NUMBER:

02343577 (England and Wales)

ACCOUNTANTS:

Ingham & Co.

Chartered Accountants

George Stanley House

2 West Parade Road

Scarborough

North Yorkshire

YO12 5ED

FIXED ASSETS

Tangible assets

4

40,901

33,857

Investments

5

49

49

Investment property

6

1,400,000

1,385,000

1,440,950

1,418,906

CURRENT ASSETS

Debtors

7

19,496

52,275

Cash at bank and in hand

849,941

615,510

869,437

667,785

CREDITORS

Amounts falling due within one year

8

73,668

82,028

NET CURRENT ASSETS

795,769

585,757

TOTAL ASSETS LESS CURRENT LIABILITIES

2,236,719

2,004,663

CREDITORS

Amounts falling due after more than one year

9

(2,041,917

)

(1,895,188

)

PROVISIONS FOR LIABILITIES

(8,014

)

(5,473

)

NET ASSETS

186,788

104,002

CAPITAL AND RESERVES

Called up share capital

10

4

9

Capital redemption reserve

3

3

Fair value reserve

(385,135

)

(400,135

)

Retained earnings

571,916

504,125

SHAREHOLDERS' FUNDS

186,788

104,002

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 directors acknowledge their 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 Board of Directors and authorised for issue on 15 October 2025 and were signed on its behalf by:

D J Durrant - Director

1.	STATUTORY INFORMATION

Yorkshire Coast Workshops 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 rents and service charges receivable on investment properties, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements

-

Straight line over the term of the lease

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

and

Motor

improvements

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

53,246

160,721

6,500

220,467

Additions

-

14,965

-

14,965

At 31 March 2025

53,246

175,686

6,500

235,432

DEPRECIATION

At 1 April 2024

42,271

140,659

3,680

186,610

Charge for year

2,130

5,086

705

7,921

At 31 March 2025

44,401

145,745

4,385

194,531

NET BOOK VALUE

At 31 March 2025

8,845

29,941

2,115

40,901

At 31 March 2024

10,975

20,062

2,820

33,857

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 April 2024

and 31 March 2025

49

NET BOOK VALUE

At 31 March 2025

49

At 31 March 2024

49

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,385,000

Revaluations

15,000

At 31 March 2025

1,400,000

NET BOOK VALUE

At 31 March 2025

1,400,000

At 31 March 2024

1,385,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2009

159,416

Valuation in 2018

(508,175

)

Valuation in 2020

(61,376

)

Valuation in 2021

100,000

Valuation in 2024

(90,000

)

Valuation in 2025

15,000

Cost

1,785,135

1,400,000

If freehold investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,785,135

1,785,135

Freehold investment properties were valued on a fair value basis on 31 March 2025 by the directors .

7.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

886

42,061

Other debtors

3,500

3,825

Prepayments

3,871

2,209

Accrued income

11,239

4,175

19,496

52,270

Amounts falling due after more than one year:

Called up share capital not paid

-

5

Aggregate amounts

19,496

52,275

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

18,469

3,679

Corporation tax

31,338

23,161

Social security and other taxes

10,876

12,455

Other creditors

1,536

1,616

Amounts received in advance

1,591

22,697

Accrued expenses

9,858

18,420

73,668

82,028

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

2,041,917

1,895,188

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

'A' Foundation Shares

£1

1

1

3

'B' Employee Shares

£1

3

3

4

4

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

NIL

'B' Employee Shares

£5

-

5

During the year, 5 "B" Employee shares of £1 each which had not been fully paid were cancelled.

11.	ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Yorkshire in Business Ltd, which owns 100% of the share capital with voting rights. The company registration number of Yorkshire in Business Ltd is 01982116 and its registered office is at Cayley Court, Hopper Hill Road, Eastfield, Scarborough, North Yorkshire, YO11 3YJ.