8 January 2025 false No description of principal activity Taxfiler 2024.6 SC833343 business:PrivateLimitedCompanyLtd 2025-01-08 2026-03-31 SC833343 2025-01-07 SC833343 2025-01-08 2026-03-31 SC833343 business:AuditExempt-NoAccountantsReport 2025-01-08 2026-03-31 SC833343 business:FilletedAccounts 2025-01-08 2026-03-31 SC833343 2026-03-31 SC833343 core:WithinOneYear 2026-03-31 SC833343 core:AfterOneYear 2026-03-31 SC833343 core:ShareCapital core:PreviouslyStatedAmount 2026-03-31 SC833343 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2026-03-31 SC833343 core:PreviouslyStatedAmount 2026-03-31 SC833343 business:SmallEntities 2025-01-08 2026-03-31 SC833343 business:Director1 2025-01-08 2026-03-31 SC833343 countries:Scotland 2025-01-08 2026-03-31 SC833343 business:RegisteredOffice 2025-01-08 2026-03-31 SC833343 core:FurnitureFittings 2025-01-08 2026-03-31 SC833343 core:FurnitureFittings 2025-01-07 SC833343 core:FurnitureFittings 2026-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC833343 (Scotland)
YKY PROPERTIES LTD Unaudited accounts for the period from 8 January 2025 to 31 March 2026
YKY PROPERTIES LTD Statement of financial position as at 31 March 2026
2026
Notes
£
Fixed assets
Tangible assets
4
4,705
Investment property
5
659,688
664,393
Current assets
Cash at bank and in hand
161,034
Creditors: amounts falling due within one year
6
(370,197)
Net current liabilities
(209,163)
Total assets less current liabilities
455,230
Creditors: amounts falling due after more than one year
7
(521,350)
Net liabilities
(66,120)
Capital and reserves
Called up share capital
100
Profit and loss account
(66,220)
Shareholders' funds
(66,120)
For the period ending 31 March 2026 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 2 June 2026 and were signed on its behalf by
Ibrahim Isa Yohanna Director Company Registration No. SC833343
- 2 -
YKY PROPERTIES LTD Notes to the Accounts for the period from 8 January 2025 to 31 March 2026
1
Statutory information
YKY PROPERTIES LTD is a private company, limited by shares, registered in Scotland, registration number SC833343. The registered office is 14 Valentine Crescent, Danestone, Aberdeen, Aberdeenshire, AB22 8DB, Scotland.
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 been consistently applied within the same accounts.
Basis of preparation
The financial statements have been prepared under the historical cost convention and 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. These financial statements are the company's first financial statements prepared in accordance with FRS 102 Section 1A. The transition to FRS 102 Section 1A has not resulted in any adjustments to the company's reported financial position or financial performance.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight-line
- 3 -
YKY PROPERTIES LTD Notes to the Accounts for the period from 8 January 2025 to 31 March 2026
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 8 January 2025
6,274
At 31 March 2026
6,274
Depreciation
Charge for the period
1,569
At 31 March 2026
1,569
Net book value
At 31 March 2026
4,705
5
Investment property
2026
£
Additions
659,688
At 31 March 2026
659,688
6
Creditors: amounts falling due within one year
2026
£
Other creditors
1,499
Loans from directors
368,698
370,197
7
Creditors: amounts falling due after more than one year
2026
£
Bank loans
521,350
8
Average number of employees
During the period the average number of employees was 1.
- 4 -