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Registered number: 14244231
Young Friends Property Limited
Unaudited Financial Statements
For The Year Ended 30 July 2025
Harpers Accountancy LLP
PO Box 293
Lewes
BN7 9PG
Young Friends Property Limited
Unaudited Financial Statements
For The Year Ended 30 July 2025
Unaudited Financial Statements

Contents
| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—7

Page 1
Young Friends Property Limited
Balance Sheet
As At 30 July 2025
Balance Sheet
Registered number: 14244231

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investment Properties | 4 |  | 675,000 |  | 675,000
|  |  | 675,000 |  | 675,000
CURRENT ASSETS
Cash at bank and in hand |  | 6,989 |  | 59,166 |
|  | 6,989 |  | 59,166 |
Creditors: Amounts Falling Due Within One Year | 5 | (283,090 ) |  | (226,824 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (276,101 ) |  | (167,658 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 398,899 |  | 507,342
Creditors: Amounts Falling Due After More Than One Year | 6 |  | (553,067 ) |  | (569,516 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (5,437 ) |  | (5,437 )
NET LIABILITIES |  |  | (159,605 ) |  | (67,611 )
CAPITAL AND RESERVES
Called up share capital | 7 |  | 10 |  | 10
Fair value reserve | 9 |  | (28,882 ) |  | (28,882 )
Profit and Loss Account |  |  | (130,733 ) |  | (38,739 )
SHAREHOLDERS' FUNDS |  |  | (159,605) |  | (67,611)

Page 1
Page 2
Young Friends Property Limited
Balance Sheet (continued)
As At 30 July 2025
For the year ending 30 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Miss L Lloyd-Evans Director
25/03/2026

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Young Friends Property Limited
Notes to the Financial Statements
For The Year Ended 30 July 2025
Notes to the Financial Statements
1. General Information
Young Friends Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14244231 . The registered office is 89 Holland Road, Hove, East Sussex, BN3 1JP.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
2.4. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
Page 3
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Young Friends Property Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 July 2025
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
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.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 4
Page 5
Young Friends Property Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 July 2025
2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.8. Lease
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
2.9. Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 31 July 2024 and 30 July 2025 | 675,000

Investment property comprises property converted into a children's nursery. The fair value of the investment property has been arrived at on the basis of a valuation carried out as at 15 July 2022 by Messrs Flude Commercial, Chartered Surveyors, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. The director is satisfied that there has been no material movement in the fair value to 30 July 2025.
Metro Bank holds a charge over the property of the company.
Page 5
Page 6
Young Friends Property Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 July 2025

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cost | 703,882 |  | 703,882
Accumulated depreciation and impairment | 28,882 |  | 28,882
Carrying amount | 675,000 |  | 675,000

5. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 14,261 |  | 12,071
Amounts owed to group undertakings | 117,899 |  | 65,164
Other creditors | 150,930 |  | 149,589
| 283,090 |  | 226,824

6. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 553,067 |  | 569,516
| 553,067 |  | 569,516

7. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 10 |  | 10

8. Other Commitments
Lessor
At the reporting end date the company has contracted with tenants for the following minimum lease payments:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Later than one year and not later than five years | 115,000 |  | 163,000
| 115,000 |  | 163,000

Page 6
Page 7
Young Friends Property Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 July 2025
9. Reserves

| Fair Value Reserve
--- | ---
| £
As at 31 July 2024 | (28,882 )
As at 30 July 2025 | (28,882 )

Page 7