ACCOUNTS - Final Accounts

Registered number: 15669211

YADE ST JAMES LTD

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2025


YADE ST JAMES LTD

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 5


YADE ST JAMES LTD REGISTERED NUMBER:15669211

STATEMENT OF FINANCIAL POSITION

AS AT 31 JULY 2025

		2025
Note		£

Fixed assets
Investment property	4		16,457,498
Current assets
Debtors: amounts falling due within one year	5	1,608
Cash at bank and in hand		100,539
		102,147
Current liabilities
Creditors: amounts falling due within one year	6	(196,266)
Net current liabilities			(94,119)
Total assets less current liabilities			16,363,379
Creditors: amounts falling due after more than one year	7		(16,452,524)
Net liabilities			(89,145)

Capital and reserves
Called up share capital	8	1
Profit and loss account		(89,146)
		(89,145)

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 April 2026.

D Yamin-Joseph

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1


YADE ST JAMES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2025

1.	General information

Yade St James Ltd is a private limited liability company incorporated in England and Wales, with its registered office and business address at 3rd Floor, 107 Jermyn Street, London SW1Y 6EE.

The Company was incorporated on 22 April 2024 and commenced activity on 8 July 2024.

The principal activity of the Company is that of property investment.

The Company's functional and presentational currency is £ Sterling.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis.

The Company incurred a loss for the period; however, it holds investment properties on long leases with a fair value of approximately £16.5 million, which are financed by long-term bank borrowings and amounts due to its parent undertaking. All bank borrowings are repayable after more than one year.

The directors have prepared cash flow forecasts covering a period of at least twelve months from the date of approval of these financial statements. These forecasts indicate that the Company is expected to operate close to break-even and generate small profits going forward.

The directors are satisfied that financial support will continue to be available from the parent undertaking as required and that the Company will be able to meet its liabilities as they fall due. Accordingly, the financial statements have been prepared on a going concern basis.

2.3

Turnover

Turnover comprises rent receivable exclusive of Value Added Tax.

Rental income is recognised in the period to which it relates. Rental income received in advance is carried forward as deferred income.

2.4

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

2.5

Borrowing costs

All borrowing costs are recognised in the Statement of Comprehensive Income in the year in which they are incurred.

Page 2


YADE ST JAMES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2025

2.Accounting policies (continued)

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

2.7

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

2.8

Debtors

Short term debtors are measured at the transaction price, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The director was the only employee of the Company during the current period.

Page 3


YADE ST JAMES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2025

4.	Investment property

		Long term leasehold investment property
		£
	Valuation
	Transfers intra group	16,457,498
	At 31 July 2025	16,457,498

The 2025 valuations were made by the director, on an open market value for existing use basis. In the opinion of the director there has been no change in value between the date the properties were transferred in and the reporting date.

	If the investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
					2025
					£

Historic deemed cost on intra group transfer

9,760,454

During the period the Company was granted long-term leases over residential investment properties from its parent undertaking at a peppercorn rent in two tranches, at a total combined value of £16.5 million. No deferred tax has been recognised on the transfers but a tax liability would arise if the properties were subsequently sold for an amount exceeding their tax base. A deferred tax liability of approximately £1.2 million would arise if the properties were sold for their current carrying amount. As this liability depends on a future sale, it has not been recognised in these financial statements.

Debtors

					2025
					£

	Prepayments and accrued income	1,608

6.	Creditors: Amounts falling due within one year
		2025
		£

	Amounts owed to group undertakings	100,539
	Accruals and deferred income	95,727
		196,266

Page 4


YADE ST JAMES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2025

7.	Creditors: Amounts falling due after more than one year
		2025
		£

	Bank loans	7,917,744
	Amounts owed to group undertakings	8,534,780
		16,452,524

Secured loans

The bank loans are secured by first charges over the leasehold investment properties.

8.	Share capital
		2025
		£

		Allotted, called up and fully paid

		1 Ordinary share of £1	1

On incorporation, 1 Ordinary share of £1 was allotted and fully paid at par to provide initial capital.

9.Director's personal guarantees

The director has given a personal guarantee limited to the sum of £1.5m as security for the Company's bank facilities.

10.	Related party transactions
	The Company has taken advantage of the exemption under FRS102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.

11.	Controlling party

The Company is a wholly owned subsidiary of Yade Realty Limited, a company registered in England and Wales, which the director regards as the ultimate parent company.

12.	Auditors' information

The auditors' report on the financial statements for the period ended 31 July 2025 was unqualified.

The audit report was signed on 14 April 2026 by Stephen Iseman FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

Page 5