Registration number: 11642655

YO42 Developments Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

YO42 Developments Limited

Company Information

Directors

M Wright R B Wright

Registered office

Ellerker House Main Street Everingham York YO42 4JA

YO42 Developments Limited

(Registration number: 11642655)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	6,167	10,633
Investment property	5	1,315,560	1,235,560
		1,321,727	1,246,193
Current assets
Debtors	6	3,051	1,976
Cash at bank and in hand		12,295	22,524
		15,346	24,500
Creditors: Amounts falling due within one year	7	(939,000)	(999,906)
Net current liabilities		(923,654)	(975,406)
Total assets less current liabilities		398,073	270,787
Provisions for liabilities		(50,302)	(35,868)
Net assets		347,771	234,919
Capital and reserves
Called up share capital		2,000	2,000
Revaluation reserve		280,893	151,894
Retained earnings		64,878	81,025
Shareholders' funds		347,771	234,919

For the financial year ending 31 October 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 April 2026 and signed on its behalf by:
 

......................................... R B Wright Director

YO42 Developments Limited

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

1	General information

The company is a private company limited by share capital incorporated in England & Wales and the company registration number is 11642655.

The address of its registered office is:
Ellerker House
Main Street
Everingham
York
YO42 4JA

These financial statements were authorised for issue by the Board on 21 April 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.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of property rental 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 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.

YO42 Developments Limited

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

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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
Fixtures & Fittings	20% Reducing Balance

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.

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.

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.

YO42 Developments Limited

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

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2024 - 2).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 November 2024	27,919	27,919
Additions	599	599
At 31 October 2025	28,518	28,518
Depreciation
At 1 November 2024	17,286	17,286
Charge for the year	5,065	5,065
At 31 October 2025	22,351	22,351
Carrying amount
At 31 October 2025	6,167	6,167
At 31 October 2024	10,633	10,633

5	Investment properties

	2025 £
At 1 November	1,235,560
Fair value adjustments	80,000
At 31 October	1,315,560

The investment property held at 31st October 2025 was revalued by the Directors on 31st October 2025. The carrying value is deemed to be fair value at the balance sheet date. An independent review has not taken place.

YO42 Developments Limited

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

6

Debtors

	2025 £	2024 £
Prepayments and accrued income	3,051	1,976
	3,051	1,976

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	922,712	981,923
Taxation and social security		14,524	12,141
Accruals and deferred income		1,764	5,842
		939,000	999,906

8	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	922,712	981,923

Other borrowings relate to unsecured director loans.

9	Related party transactions

Other transactions with directors

At the year end, the Company owed the Directors £922,712 (2024: £981,923). The amount is unsecured, interest-free and repayable on demand.

During the year, payments of £4,000 were paid to shareholders in respect of work carried out for the Company. These amounts have been deducted from the Company's profit in the year.