Y2B PROPERTIES C.I.C.

Company limited by guarantee

Company Registration Number:
11813192 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2025

Period of accounts

Start date: 29 February 2024

End date: 28 February 2025

Y2B PROPERTIES C.I.C.

Contents of the Financial Statements

for the Period Ended 28 February 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

Y2B PROPERTIES C.I.C.

Directors' report period ended 28 February 2025

The directors present their report with the financial statements of the company for the period ended 28 February 2025

Principal activities of the company

Other service activities not elsewhere classified.

Additional information

Statement of director's responsibilities The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice. Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the director is required to : select suitable accounting policies and then apply them consistently make judgements and accounting estimates that are reasonable and prudent state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions



Directors

The director shown below has held office during the whole of the period from
29 February 2024 to 28 February 2025

Adeyemi James Dosunmu


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
25 March 2025

And signed on behalf of the board by:
Name: Adeyemi James Dosunmu
Status: Director

Y2B PROPERTIES C.I.C.

Profit And Loss Account

for the Period Ended 28 February 2025

2025 2024


£

£
Turnover: 176,335 82,585
Gross profit(or loss): 176,335 82,585
Administrative expenses: ( 162,755 ) ( 76,225 )
Operating profit(or loss): 13,580 6,360
Profit(or loss) before tax: 13,580 6,360
Profit(or loss) for the financial year: 13,580 6,360

Y2B PROPERTIES C.I.C.

Balance sheet

As at 28 February 2025

Notes 2025 2024


£

£
Current assets
Cash at bank and in hand: 147 3
Total current assets: 147 3
Creditors: amounts falling due within one year: 3 ( 20,488 ) ( 33,924 )
Net current assets (liabilities): (20,341) (33,921)
Total assets less current liabilities: (20,341) ( 33,921)
Total net assets (liabilities): (20,341) (33,921)
Members' funds
Profit and loss account: (20,341) ( 33,921)
Total members' funds: ( 20,341) (33,921)

The notes form part of these financial statements

Y2B PROPERTIES C.I.C.

Balance sheet statements

For the year ending 28 February 2025 the company was entitled to exemption 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.

This report was approved by the board of directors on 25 March 2025
and signed on behalf of the board by:

Name: Adeyemi James Dosunmu
Status: Director

The notes form part of these financial statements

Y2B PROPERTIES C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation is provided at rates calculated to write off the cost, less their estimated residual value, over their expected useful lives on the following basis:

    Other accounting policies

    Taxation Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted

Y2B PROPERTIES C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 1 1

Y2B PROPERTIES C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2025

3. Creditors: amounts falling due within one year note

2025 2024
£ £
Other creditors 20,488 33,924
Total 20,488 33,924

COMMUNITY INTEREST ANNUAL REPORT

Y2B PROPERTIES C.I.C.

Company Number: 11813192 (England and Wales)

Year Ending: 28 February 2025

Company activities and impact

The company has been operating as a local provider in the Corby area of Northamptonshire, but over the last year 2024-25 we have been beneficial to the local community by: -Making available supported living accommodation to the local area of Corby in particular and the whole of Northamptonshire in general. -We have also created a source of income for various local tradesmen who have performed a varied number of jobs at our property in Corby as we made modifications to the property to ensure suitability for the intended clients. -We have employed staff from the local community. -Our day to day running of our services relies on the resources that we source locally in the area.

Consultation with stakeholders

-The stakeholders are potential clients who comprise mainly individuals with learning disabilities and other mental health conditions and their social workers. -Consultations have been conducted by organising visits to the property, these by potential clients and taking note of the concerns raised. Involving clients and their family members/carers with other professionals involved in each client’s care for feedback in order to meet the needs around their accommodation.

Directors' remuneration

Directors' Fees - £12,570

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
25 March 2025

And signed on behalf of the board by:
Name: Adeyemi James Dosunmu
Status: Director