REGISTERED NUMBER: 11578352 (England and Wales)

Young Renovations Ltd

Unaudited Financial Statements

For The Year Ended

30th September 2025

Page

Balance Sheet

1

Notes to the Financial Statements

2

to

3

FIXED ASSETS

Tangible assets

4

1,833

2,444

CURRENT ASSETS

Stocks

226,739

531,093

Cash at bank

125,485

21,793

352,224

552,886

CREDITORS

Amounts falling due within one year

5

406,071

568,281

NET CURRENT LIABILITIES

(53,847

)

(15,395

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(52,014

)

(12,951

)

PROVISIONS FOR LIABILITIES

-

611

NET LIABILITIES

(52,014

)

(13,562

)

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

(52,016

)

(13,564

)

SHAREHOLDERS' FUNDS

(52,014

)

(13,562

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th July 2026 and were signed on its behalf by:

Mrs M L Young - Director

1.	STATUTORY INFORMATION

Young Renovations Ltd 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:

11578352

Registered office:

8 Hopper Way

Diss

Norfolk

IP22 4GT

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.

The company has a deficit on its balance sheet at the year end. The directors have confirmed their intention to continue to provide financial support to the company for the foreseeable future and, on that basis, the accounts have been prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st October 2024

and 30th September 2025

609

7,890

8,499

DEPRECIATION

At 1st October 2024

609

5,446

6,055

Charge for year

-

611

611

At 30th September 2025

609

6,057

6,666

NET BOOK VALUE

At 30th September 2025

-

1,833

1,833

At 30th September 2024

-

2,444

2,444

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

85

3,708

Other creditors

405,986

564,573

406,071

568,281

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary A shares

1

1

1

1

Ordinary B shares

1

1

1

2

2

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th September 2025 and 30th September 2024:

2025

2024

£

£

Mrs M L Young and R J Young

Balance outstanding at start of year

-

13,641

Amounts advanced

-

207

Amounts repaid

-

(13,848

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The company made a loan to a close family member, interest has been charged at 2.25%p.a., the loan was repaid on 3 June 2024.

8.	RELATED PARTY DISCLOSURES

The company owes the directors £304,127 (2024 £297,902) the loan is interest free and repayable on demand. The directors will not seek repayment of the loan until such time that funds are available.

An interest free loan of £100,000 (2024 £100,000) was received from a close family member of the directors which has no specific repayment date and is included in current liabilities.