Yorkshire Merchant Securities Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00831982 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

YORKSHIRE MERCHANT SECURITIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C J Watson

Mr D S R Watson

Mr C D R Watson

REGISTERED OFFICE:

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

BUSINESS ADDRESS:

Broome Cottage

Evenlode

MORETON-IN-MARSH

Gloucestershire

GL56 0NN

REGISTERED NUMBER:

00831982 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Tangible assets

4

-

Investment property

5

1,200,000

CURRENT ASSETS

Debtors

6

2,400

Cash at bank

1,184

17,114

3,584

19,514

CREDITORS

Amounts falling due within one year

7

215,965

179,328

NET CURRENT LIABILITIES

(212,381

)

(159,814

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

987,619

1,040,186

CREDITORS

Amounts falling due after more than one
year

8

(44,389

)

(65,587

)

PROVISIONS FOR LIABILITIES

10

(66,184

)

(66,184

)

NET ASSETS

877,046

908,415

CAPITAL AND RESERVES

Called up share capital

11

100

Fair value reserve

268,148

Retained earnings

608,798

640,167

SHAREHOLDERS' FUNDS

877,046

908,415

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 30 December 2025 and were signed on its behalf by:

Mr D S R Watson - Director

Mr C D R Watson - Director

1.	STATUTORY INFORMATION

Yorkshire Merchant Securities 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.

Tangible fixed assets

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

Fixtures and fittings

-

25% on 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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

8,519

DEPRECIATION

At 1 April 2024

and 31 March 2025

8,519

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,200,000

NET BOOK VALUE

At 31 March 2025

1,200,000

At 31 March 2024

1,200,000

If the investment property was sold for its fair value, there would be tax payable of £66,184 .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

2,400

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

17,876

Trade creditors

4,457

797

Social security and other taxes

85

149

Other creditors

30

Directors' current accounts

163,816

141,972

Accruals and deferred income

11,153

10,511

Accrued expenses

18,548

7,993

215,965

179,328

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans - 1-2 years

17,876

Bank loans - 2-5 years

26,513

44,295

Bank loans more 5 yr by instal

-

3,416

44,389

65,587

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

3,416

9.	SECURED DEBTS

Nationwide Finance Limited took out a First Fixed Charge dated 23 August 2023 over all present and future properties and interests of the company.

Nationwide Finance Limited took out a Fixed Charge by way of a legal mortgage dated 16 August 2023 over all of the property known as Broome Cottage, Evenlode, Moreton-in-Marsh, GL56 0NN.

Grosvenor Funding Ltd took out a fixed charge dated 26 September 2025 over all of the property known as Broome Cottage, Evenlode, Moreton-in-Marsh, GL56 0NN.

Grosvenor Funding Ltd took out a fixed and floating charge dated 26 September 2025 over all of the property known as Broome Cottage, Evenlode, Moreton-in-Marsh, GL56 0NN.

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

66,184

Deferred

tax

£

Balance at 1 April 2024

66,184

Movement in year

Balance at 31 March 2025

66,184

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

Ordinary

£1

100

12.	RELATED PARTY DISCLOSURES

During the year Mr DSR Watson, Mrs C J Watson and Mr C D R Watson paid rent to the company of £22,200 (2024 : £22,200) and provided the company with an interest free loan.