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Company Registration No. 12577932 (England and Wales)
Yorvik Land Limited Unaudited accounts for the year ended 30 September 2025
Yorvik Land Limited Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
56,238
37,062
Current assets
Inventories
3,985,996
4,345,342
Debtors
5
154,441
993,202
Cash at bank and in hand
(210)
35,723
4,140,227
5,374,267
Creditors: amounts falling due within one year
6
(258,152)
(1,026,277)
Net current assets
3,882,075
4,347,990
Total assets less current liabilities
3,938,313
4,385,052
Creditors: amounts falling due after more than one year
7
(3,122,087)
(3,845,502)
Provisions for liabilities
Deferred tax
(14,060)
(9,266)
Net assets
802,166
530,284
Capital and reserves
Called up share capital
100
100
Profit and loss account
802,066
530,184
Shareholders' funds
802,166
530,284
For the year ending 30 September 2025 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 February 2026 and were signed on its behalf by
M J Gath Director Company Registration No. 12577932
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Yorvik Land Limited Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
Yorvik Land Limited is a private company, limited by shares, registered in England and Wales, registration number 12577932. The registered office is First Floor, 4 Audax Court, Audax Close, YORK, YO30 4RB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20.00% Reducing Balance
Computer equipment
33.33% Straight Line
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Yorvik Land Limited Notes to the Accounts for the year ended 30 September 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
Pension contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 October 2024
51,520
316
51,836
Additions
55,233
7,459
62,692
Disposals
(51,520)
-
(51,520)
At 30 September 2025
55,233
7,775
63,008
Depreciation
At 1 October 2024
14,769
5
14,774
Charge for the year
8,891
2,162
11,053
On disposals
(19,057)
-
(19,057)
At 30 September 2025
4,603
2,167
6,770
Net book value
At 30 September 2025
50,630
5,608
56,238
At 30 September 2024
36,751
311
37,062
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
1,198
2,701
Trade debtors
53,000
401,379
Accrued income and prepayments
243
117,122
Other debtors
100,000
100,000
154,441
621,202
Amounts falling due after more than one year
Amounts due from group undertakings etc.
-
372,000
- 4 -
Yorvik Land Limited Notes to the Accounts for the year ended 30 September 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
13,333
13,333
Trade creditors
-
540
Amounts owed to group undertakings and other participating interests
25,000
25,000
Taxes and social security
89,133
147,105
Other creditors
-
343,979
Loans from directors
129,437
495,000
Accruals
1,249
1,320
258,152
1,026,277
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
22,087
6,679
Other creditors
1,500,000
300,000
Loans from directors
1,600,000
3,538,823
3,122,087
3,845,502
Included within creditors falling due after more than one year is a loan of £1,500,000 from Miss L G Gath.
8
Transactions with related parties
On 24 October 2025, the director Mr M J Gath, by deed of assignment, assigned £1,200,000 from his Director's loan account to Miss L G Gath. At 30 September 2025 the company owed the Director, Mr M J Gath £1,729,437 (2024 - £4,033,823).
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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