REGISTERED NUMBER: 09183585 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

YS DEVELOPMENTS LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Property, plant and equipment

4

1,087

-

Investments

5

85

85

Investment properties

6

2,635,000

2,635,000

2,636,172

2,635,085

CURRENT ASSETS

Debtors

7

283,863

305,463

Cash at bank

206,221

92,871

490,084

398,334

CREDITORS

Amounts falling due within one year

8

728,371

699,413

NET CURRENT LIABILITIES

(238,287

)

(301,079

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,397,885

2,334,006

CREDITORS

Amounts falling due after more than one year

9

(1,581,015

)

(1,589,995

)

PROVISIONS FOR LIABILITIES

11

(161,293

)

(161,021

)

NET ASSETS

655,577

582,990

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

12

483,064

483,064

Retained earnings

172,413

99,826

655,577

582,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 May 2026 and were signed by:

Mr Y Stavrou - Director

1.	STATUTORY INFORMATION

YS Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09183585

Registered office:

1 Kings Avenue

Winchmore Hill

London

N21 3NA

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern

The financial statements have been prepared on a going concern basis as the director is satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are significant judgements and estimates involved in the preparation of the financial statements.

Revenue

Revenue represents the value of rental income chargeable in respect of the company's investment property.

Revenue is recognised evenly over the period of the rental agreement.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Cash and cash equivalents

Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible reference 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.

Investments in associates

Investments in associates are recognised at cost less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

Additions

1,087

At 31 August 2025

1,087

NET BOOK VALUE

At 31 August 2025

1,087

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 September 2024

and 31 August 2025

85

NET BOOK VALUE

At 31 August 2025

85

At 31 August 2024

85

6.	INVESTMENT PROPERTIES

Total

£

FAIR VALUE

At 1 September 2024

and 31 August 2025

2,635,000

NET BOOK VALUE

At 31 August 2025

2,635,000

At 31 August 2024

2,635,000

Fair value at 31 August 2025 is represented by:

£

Valuation in 2022

321,031

Valuation in 2024

323,054

Cost

1,990,915

2,635,000

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,990,915

1,990,915

The investment properties were valued on an open market basis on 31 August 2025 by the director of the company .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by associates

249,425

274,425

Other debtors

34,438

31,038

283,863

305,463

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

21,610

22,110

Taxation and social security

23,924

18,306

Other creditors

682,837

658,997

728,371

699,413

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

737,614

743,749

Other creditors

843,401

846,246

1,581,015

1,589,995

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

294,545

294,545

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

737,614

743,749

Bank loans are secured by way of fixed and floating charge on the property and other assets of the company and contains a negative pledge.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Other timing differences

161,293

161,021

Deferred

tax

£

Balance at 1 September 2024

161,021

Provided during year

272

Balance at 31 August 2025

161,293

12.

RESERVES

Fair

value

reserve

£

At 1 September 2024

and 31 August 2025

483,064

13.	RELATED PARTY DISCLOSURES

Included in the other debtors less than one year is an amount of £249,425 (2024: £274,425) due from the connected companies with common directorship and shareholdings.The loan remains interest free and recoverable on demand.

Included in the other creditors less than one year is an amount of £625,000 (2024: £625,000) due to the connected company with common directorship and shareholdings.The loan remains interest free and repayable on demand.

Included in the other creditors more than one year is an amount of £843,401 (2024: £846,246) due to the director of the company.