6 April 2024 false Taxfiler 2024.6 13913687 business:PrivateLimitedCompanyLtd 2024-04-06 2025-04-05 13913687 2024-04-05 13913687 2024-04-06 2025-04-05 13913687 business:AuditExemptWithAccountantsReport 2024-04-06 2025-04-05 13913687 business:FilletedAccounts 2024-04-06 2025-04-05 13913687 2025-04-05 13913687 business:Director1 2024-04-06 2025-04-05 13913687 business:RegisteredOffice 2024-04-06 2025-04-05 13913687 2024-04-05 13913687 core:WithinOneYear 2025-04-05 13913687 core:WithinOneYear 2024-04-05 13913687 core:ShareCapital core:PreviouslyStatedAmount 2025-04-05 13913687 core:ShareCapital core:PreviouslyStatedAmount 2024-04-05 13913687 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-04-05 13913687 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-04-05 13913687 core:PreviouslyStatedAmount 2025-04-05 13913687 core:PreviouslyStatedAmount 2024-04-05 13913687 business:SmallEntities 2024-04-06 2025-04-05 13913687 countries:EnglandWales 2024-04-06 2025-04-05 13913687 business:OrdinaryShareClass1 2024-04-06 2025-04-05 13913687 business:OrdinaryShareClass1 2023-04-06 2024-04-05 13913687 2023-04-06 2024-04-05 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 13913687 (England and Wales)
First Yard Ltd Unaudited accounts for the year ended 5 April 2025
First Yard Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
First Yard Ltd Company Information for the year ended 5 April 2025
Director
Alexander Osman
Company Number
13913687 (England and Wales)
Registered Office
124 City Road London EC1V 2NX England
Accountants
Pearl Accounting Limited Suite 1 116 Ballards Lane Finchley London N3 2DN
- 3 -
First Yard Ltd Statement of financial position as at 5 April 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
117,649
-
Current assets
Cash at bank and in hand
923
53
Creditors: amounts falling due within one year
5
(140,609)
(6,719)
Net current liabilities
(139,686)
(6,666)
Net liabilities
(22,037)
(6,666)
Capital and reserves
Called up share capital
6
1
1
Profit and loss account
(22,038)
(6,667)
Shareholders' funds
(22,037)
(6,666)
For the year ending 5 April 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 5 April 2026 and were signed on its behalf by
Alexander Osman Director Company Registration No. 13913687
- 4 -
First Yard Ltd Notes to the Accounts for the year ended 5 April 2025
1
Statutory information
First Yard Ltd is a private company, limited by shares, registered in England and Wales, registration number 13913687. The registered office is 124 City Road, London, EC1V 2NX, England.
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.
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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Investment property
2025
£
Additions
117,649
At 5 April 2025
117,649
- 5 -
First Yard Ltd Notes to the Accounts for the year ended 5 April 2025
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
82,491
-
Other creditors
2,200
2,200
Loans from directors
54,455
3,994
Accruals
1,463
525
140,609
6,719
6
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
- 6 -