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Company No: 04972466 (England and Wales)

# ANDREW YELLAND LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

ANDREW YELLAND LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

ANDREW YELLAND LIMITED

## BALANCE SHEET

As at 31 December 2025
ANDREW YELLAND LIMITED

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 7,801 |  | 10,711
Investment property | 4 | 700,000 |  | 1,140,000
|  | 707,801 |  | 1,150,711
Current assets |  |  |  |
Debtors | 5 | 67,905 |  | 89,432
Investments | 6 | 226,261 |  | 197,945
Cash at bank and in hand |  | 334,639 |  | 46,673
|  | 628,805 |  | 334,050
Creditors: amounts falling due within one year | 7 | ( 81,642) |  | ( 185,829)
Net current assets |  | 547,163 |  | 148,221
Total assets less current liabilities |  | 1,254,964 |  | 1,298,932
Provision for liabilities |  | 0 |  | ( 1,779)
Net assets |  | 1,254,964 |  | 1,297,153
Capital and reserves |  |  |  |
Called-up share capital | 8 | 1,200 |  | 202
Profit and loss account |  | 1,253,764 |  | 1,296,951
Total shareholders' funds |  | 1,254,964 |  | 1,297,153

For the financial year ending 31 December 2025 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 financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Andrew Yelland Limited (registered number: 04972466) were approved and authorised for issue by the Director on 11 March 2026. They were signed on its behalf by:

Mr A Yelland Director |

ANDREW YELLAND LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
ANDREW YELLAND LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Andrew Yelland Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover represents the amount receivable in respect of rental income for the year.

##### Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Fixtures and fittings | 25 % reducing balance
Computer equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 2 |  | 2

#### 3. Tangible assets

| Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 January 2025 | 40,861 |  | 4,197 |  | 45,058
Additions | 0 |  | 678 |  | 678
At 31 December 2025 | 40,861 |  | 4,875 |  | 45,736
Accumulated depreciation |  |  |  |  |
At 01 January 2025 | 32,948 |  | 1,399 |  | 34,347
Charge for the financial year | 1,978 |  | 1,610 |  | 3,588
At 31 December 2025 | 34,926 |  | 3,009 |  | 37,935
Net book value |  |  |  |  |
At 31 December 2025 | 5,935 |  | 1,866 |  | 7,801
At 31 December 2024 | 7,913 |  | 2,798 |  | 10,711

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 January 2025 | 1,140,000
Fair value movement | (163,818)
Disposals | (276,182)
As at 31 December 2025 | 700,000

Investment property has been revalued on an open market basis by the directors as at 31 December 2025. If the property had not been revalued, it would have been held at its historic cost of £553,644 (2024 - £829,826).

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 67,905 |  | 89,432

#### 6. Current asset investments

| 2025 |  | 2024
| £ |  | £
Listed investments – at fair value | 226,261 |  | 197,945

The fair value of listed investments, which are all traded in active markets, was determined with reference to the quoted market price at the reporting date.

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Taxation and social security | 7,902 |  | 5,923
Other creditors | 73,740 |  | 179,906
| 81,642 |  | 185,829

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary A shares of £ 1.00 each | 100 |  | 100
100 Ordinary B shares of £ 1.00 each | 100 |  | 100
500 Ordinary C shares of £ 1.00 each (2024: nil shares) | 500 |  | 0
500 Ordinary D shares of £ 1.00 each (2024: nil shares) | 500 |  | 0
Nil Ordinary shares (2024: 2 shares of £ 1.00 each) | 0 |  | 2
| 1,200 |  | 202

During the year the Company made a bonus issue of 998 £1 ordinary shares, funded by capitalising £998 from accumulated revenue reserves. The bonus shares were issued fully paid to existing shareholders in proportion to their holdings. This resulted in an increase in share capital and a corresponding reduction in retained earnings, with no change in total equity.

#### 9. Related party transactions

Transactions with the entity's director

| 2025 |  | 2024
| £ |  | £
Brought forward | 82,432 |  | 39,713
Advances | 54,484 |  | 113,402
Repayments | (82,500) |  | (70,683)
Carried forward | 54,416 |  | 82,432

Interest has been charged on overdrawn balances during the year at the official rate per HMRC.

Other related party transactions

Included in other debtors are amounts owed to close family members of the director of £13,489 (2024- £Nil). These loans carry no fixed terms of repayment.
Included in other creditors are amounts owed to close family members of the director of £66,540 (2024- £171,585). These loans carry no fixed terms of repayment.

#### 10. Reserves

Included within the profit and loss account balance carried forward are non-distributable reserves of £231,311 (2024 - £ 361,017). These reserves represent the cumulative unrealised revaluation gains on the company's investment portfolio and investment properties, net of the provision of deferred taxation thereon.