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Registration number: 12813263

Young & East Property Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Young & East Property Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Young & East Property Ltd

Company Information

Director | Mr Michael John East

Registered office | 5 Malton Way York North Yorkshire YO30 5SG

Bankers | Starling Bank 3rd Floor 2 Finsbury Avenue London EC2M 2PP

Accountants | Flexibility Professional Services (UK) Ltd Cherry Tree Court 36 Ferensway Hull East Yorkshire HU2 8NH

Young & East Property Ltd

(Registration number: 12813263)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 470,000 | 364,000
Current assets |  |  |
Debtors | 5 | 491 | 453
Cash at bank and in hand |  | 8,095 | 8,137
|  | 8,586 | 8,590
Creditors: Amounts falling due within one year | 6 | (39,279) | (41,603)
Net current liabilities |  | (30,693) | (33,013)
Total assets less current liabilities |  | 439,307 | 330,987
Creditors: Amounts falling due after more than one year | 6 | (274,195) | (274,195)
Provisions for liabilities |  | (20,140) | -
Net assets |  | 144,972 | 56,792
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Revaluation reserve |  | 85,860 | -
Retained earnings |  | 59,012 | 56,692
Shareholders' funds |  | 144,972 | 56,792

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 May 2026

Young & East Property Ltd

(Registration number: 12813263)
Balance Sheet as at 31 December 2025

......................................... Mr Michael John East Director

Young & East Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Malton Way
York
North Yorkshire
YO30 5SG
United Kingdom

These financial statements were authorised for issue by the director on 20 May 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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.

Young & East Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Young & East Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4 | Investment properties

| 2025 £
At 1 January | 364,000
Fair value adjustments | 106,000
At 31 December | 470,000

The fair value of the investment properties has been determined by the directors using a market-based valuation approach. The directors obtained indicative market values from Zoopla on 20 May 2026 and used these as evidence of current market value at that date.
The valuations used were as follows:
Property Fair value
281 Wold Road £145,000
4 Haven Staithes £183,000
1 Dann Court, Hull £142,000
Total £470,000
The Zoopla estimates were based on automated valuation model data, including available comparable property and local market information. The estimates showed high confidence for 281 Wold Road and 4 Haven Staithes, and medium confidence for 1 Dann Court, Hull.
The significant assumptions applied by the directors are that the properties are in their existing condition and use, are capable of being sold in an orderly market transaction, and that there are no material title, legal, planning, structural, tenancy or other restrictions known to the directors that would materially affect their fair value. The directors have also assumed that there has been no material change in market conditions between 20 May 2026 and the reporting date. No deduction has been made for estimated selling costs.
The valuation was not carried out by an independent professionally qualified valuer. Accordingly, the fair values represent the directors’ estimate based on third-party online market data available at the valuation date.

Young & East Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

There has been no valuation of investment property by an independent valuer.

5 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 491 | 453
| 491 | 453

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 37,734 | 38,234
Taxation and social security |  | 675 | 2,525
Accruals and deferred income |  | 870 | 844
|  | 39,279 | 41,603

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 274,195 | 274,195

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary £1 of £1 each | 100 | 100 | 100 | 100

8 | Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Young & East Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

| Revaluation reserve £ | Total £
Surplus/deficit on property, plant and equipment revaluation | 85,860 | 85,860

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 274,195 | 274,195

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 37,734 | 38,234

Bank borrowings

The Mortgage Works is denominated in GBP with a nominal interest rate of 3.99%, and the final instalment is due on 18 January 2051. The carrying amount at year end is £89,495 (2024 - £89,495). First legal charge over 281 Wold Road, Hull, HU5 5PU.
Precise Mortgages is denominated in GBP with a nominal interest rate of 3.39%, and the final instalment is due on 30 June 2046. The carrying amount at year end is £101,250 (2024 - £101,250). First legal charge over 4 Haven Staithes, Preston, Hull, HU12 8HG.
Precise Mortgages is denominated in GBP with a nominal interest rate of 2.99%, and the final instalment is due on 1 June 2047. The carrying amount at year end is £83,450 (2024 - £83,450). First legal charge over 1 Dann Court, Hull, East Yorkshire, HU12 8GT.

10 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of £5.00 per each Ordinary £1 |  | 500 |  | 500

Young & East Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

11 | Related party transactions

Summary of transactions with other related parties

Loans provided to support purchase of investment properties.

Loans from related parties

2025 | Key management £ | Total £
At start of period | 38,234 | 38,234
Advanced | 500 | 500
Repaid | (1,000) | (1,000)
At end of period | 37,734 | 37,734

2024 | Key management £ | Total £
At start of period | 37,734 | 37,734
Advanced | 500 | 500
At end of period | 38,234 | 38,234

Terms of loans from related parties

Unsecured loan provided to the company by the directors without any formal repayment terms.