Yakel Property Ltd

Unaudited Financial Statements for the Year Ended 30 November 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs K Farage

REGISTERED OFFICE:

Point Properties

182a-184a Smithdown Road

Liverpool

Merseyside

L15 3JR

REGISTERED NUMBER:

07432806

ACCOUNTANTS:

Matthews Sutton & Co Ltd

Chartered Certified Accountants

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

FIXED ASSETS

Tangible assets

4

183

243

Investments

5

100

-

Investment property

6

959,951

774,800

960,234

775,043

CURRENT ASSETS

Debtors

7

43,782

26,870

Cash at bank

732

83,863

44,514

110,733

CREDITORS

Amounts falling due within one year

8

835,914

714,183

NET CURRENT LIABILITIES

(791,400

)

(603,450

)

TOTAL ASSETS LESS CURRENT LIABILITIES

168,834

171,593

CREDITORS

Amounts falling due after more than one year

9

(4,666

)

(12,667

)

PROVISIONS FOR LIABILITIES

(7,160

)

(7,171

)

NET ASSETS

157,008

151,755

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

10

30,375

30,375

Retained earnings

125,633

120,380

157,008

151,755

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 27 August 2025 and were signed by:

Mrs K Farage - Director

1.	STATUTORY INFORMATION

Yakel Property Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is measured as rents receivable excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2023

and 30 November 2024

460

DEPRECIATION

At 1 December 2023

217

Charge for year

60

At 30 November 2024

277

NET BOOK VALUE

At 30 November 2024

183

At 30 November 2023

243

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

100

At 30 November 2024

100

NET BOOK VALUE

At 30 November 2024

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2023

774,800

Additions

185,151

At 30 November 2024

959,951

NET BOOK VALUE

At 30 November 2024

959,951

At 30 November 2023

774,800

Investment properties were valued using market data by the director on 30/11/2024.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

43,782

26,870

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

8,000

8,000

Trade creditors

-

659

Taxation and social security

1,345

3,139

Other creditors

826,569

702,385

835,914

714,183

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,666

12,667

10.

RESERVES

Fair

value

reserve

£

At 1 December 2023

and 30 November 2024

30,375