Registration number: 02417321

Yungs Brothers Limited

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 5

Yungs Brothers Limited

(Registration number: 02417321)
Statement of Financial Position as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	389	-
Investment property	4	1,385,000	1,385,000
		1,385,389	1,385,000
Current assets
Debtors	5	7,469	1,202
Cash at bank and in hand		101,772	83,850
		109,241	85,052
Creditors: Amounts falling due within one year	6	(21,992)	(27,635)
Net current assets		87,249	57,417
Total assets less current liabilities		1,472,638	1,442,417
Provisions for liabilities		(122,840)	(122,737)
Net assets		1,349,798	1,319,680
Capital and reserves
Called up share capital		6	6
Other reserves		819,112	819,112
Retained earnings		530,680	500,562
Shareholders' funds		1,349,798	1,319,680

Yungs Brothers Limited

(Registration number: 02417321)
Statement of Financial Position as at 30 November 2025

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 May 2026 and signed on its behalf by:
 

......................................... Y S Li Director

Yungs Brothers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	Accounting policies

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents rental income receivable from investment properties and is recognised in the period to which it relates

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	33% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Yungs Brothers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the income statement.
 

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

3	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
Additions	482	482
At 30 November 2025	482	482
Depreciation
Charge for the year	93	93
At 30 November 2025	93	93
Carrying amount
At 30 November 2025	389	389

4	Investment properties

	2025 £
At 1 December 2024	1,385,000
At 30 November 2025	1,385,000

The investment properties class of fixed assets was revalued on 30 November 2025 by Y S Li who is internal to the company. The basis of this valuation was open market. This class of assets has a current value of £1,385,000 (2024 - £1,385.000) and a carrying amount at historical cost of £443,152 (2024- £443,152). The depreciation on this historical cost is £nil (2024- £nil).
The directors consider that there has been no material change in the fair value of the investment property during the year ended 30 November 2025.

Yungs Brothers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

5

Debtors

	2025 £	2024 £
Trade debtors	6,901	-
Other debtors	-	332
Prepayments	189	149
Accrued income	379	721
	7,469	1,202

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	950	950
Taxation and social security	15,972	19,773
Accruals and deferred income	2,778	2,258
Other creditors	2,292	4,654
	21,992	27,635