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Registration number: 11610154

Yland Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2024

Yland Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Yland Limited

Company Information

Director | Mr Richard Dines

Registered office | Morva Parc Owles Carbis Bay Cornwall TR26 2RE

Accountants | Vale & West Accountancy Services Limited Chartered AccountantsVictoria House 26 Queen Victoria Street Reading Berkshire RG1 1TG

Yland Limited

(Registration number: 11610154)
Balance Sheet as at 31 October 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 60,160 | 114,812
Investment property | 5 | 1,208,087 | 1,208,087
|  | 1,268,247 | 1,322,899
Current assets |  |  |
Debtors | 6 | 20,028 | 52,600
Cash at bank and in hand |  | 51,140 | 115,893
|  | 71,168 | 168,493
Creditors: Amounts falling due within one year | 7 | (288,857) | (382,732)
Net current liabilities |  | (217,689) | (214,239)
Total assets less current liabilities |  | 1,050,558 | 1,108,660
Creditors: Amounts falling due after more than one year | 7 | (652,473) | (728,042)
Provisions for liabilities |  | (15,040) | (17,068)
Net assets |  | 383,045 | 363,550
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Retained earnings |  | 382,945 | 363,450
Shareholders' funds |  | 383,045 | 363,550

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 November 2025

Yland Limited

(Registration number: 11610154)
Balance Sheet as at 31 October 2024 (continued)

......................................... Mr Richard Dines Director

Yland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Morva
Parc Owles
Carbis Bay
Cornwall
TR26 2RE

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services, and the letting of property, in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Yland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

2 | Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% Reducing balance
Fixture & fittings | 25% Reducing balance
Motor vehicles | 25% Reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Yland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

2 | Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

Yland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

4 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 November 2023 | 34,103 | 946 | 106,100 | 141,149
Disposals | - | - | (43,800) | (43,800)
At 31 October 2024 | 34,103 | 946 | 62,300 | 97,349
Depreciation
At 1 November 2023 | 3,614 | 436 | 22,287 | 26,337
Charge for the year | 7,622 | 127 | 12,304 | 20,053
Eliminated on disposal | - | - | (9,201) | (9,201)
At 31 October 2024 | 11,236 | 563 | 25,390 | 37,189
Carrying amount
At 31 October 2024 | 22,867 | 383 | 36,910 | 60,160
At 31 October 2023 | 30,489 | 510 | 83,813 | 114,812

5 | Investment properties

| 2024 £
At 1 November | 1,208,087
At 31 October | 1,208,087

There has been no valuation of investment property by an independent valuer.

6 | Debtors

Current | 2024 £ | 2023 £
Trade debtors | 420 | -
Prepayments | - | 46,000
Other debtors | 19,608 | 6,600
| 20,028 | 52,600

Yland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings | 9 | 47,163 | 14,866
Trade creditors |  | 377 | 1,044
Taxation and social security |  | 313 | 5,152
Accruals and deferred income |  | - | 42,800
Other creditors |  | 241,004 | 318,870
|  | 288,857 | 382,732

Yland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

7 | Creditors (continued)

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings | 9 | 652,473 | 728,042

8 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

9 | Loans and borrowings

Non-current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 652,473 | 648,504
Hire purchase contracts | - | 79,538
| 652,473 | 728,042

Current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 11,238 | 14,866
Hire purchase contracts | 35,925 | -
| 47,163 | 14,866