REGISTERED NUMBER: 03521053 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Yardcrest Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R M Floriani

REGISTERED OFFICE:

1st Floor

314 Regents Park Road

Finchley

London

N3 2LT

REGISTERED NUMBER:

03521053 (England and Wales)

ACCOUNTANTS:

Wolfson Associates Limited

1st Floor

314 Regents Park Road

Finchley

London

N3 2LT

FIXED ASSETS

Tangible assets

4

1,427,555

1,426,747

CURRENT ASSETS

Prepayments and accrued income

3,873

3,708

Cash at bank

39,720

39,332

43,593

43,040

CREDITORS

Amounts falling due within one year

5

37,584

42,083

NET CURRENT ASSETS

6,009

957

TOTAL ASSETS LESS CURRENT LIABILITIES

1,433,564

1,427,704

CREDITORS

Amounts falling due after more than one year

6

(192,985

)

(202,036

)

PROVISIONS FOR LIABILITIES

8

(214,339

)

(214,137

)

ACCRUALS AND DEFERRED INCOME

(24,272

)

(12,346

)

NET ASSETS

1,001,968

999,185

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

957,500

957,500

Retained earnings

43,468

40,685

SHAREHOLDERS' FUNDS

1,001,968

999,185

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 July 2026 and were signed by:

Mr R M Floriani - Director

1.	STATUTORY INFORMATION

Yardcrest Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Going concern

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.

Tangible fixed assets

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

Freehold property

-

fully written off

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 August 2024

1,425,000

9,435

26,073

-

1,460,508

Additions

-

-

-

1,273

1,273

At 31 July 2025

1,425,000

9,435

26,073

1,273

1,461,781

DEPRECIATION

At 1 August 2024

-

9,218

24,543

-

33,761

Charge for year

-

44

230

191

465

At 31 July 2025

-

9,262

24,773

191

34,226

NET BOOK VALUE

At 31 July 2025

1,425,000

173

1,300

1,082

1,427,555

At 31 July 2024

1,425,000

217

1,530

-

1,426,747

Included in land and buildings is freehold land valuation of £650,000 [2022 : £625,000], which is not depreciated.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

27,913

27,913

Trade creditors

2,848

2,022

Tax

1,611

3,725

Social security and other taxes

1,380

1,294

Other creditors

2,500

2,500

Directors' current accounts

1,332

4,629

37,584

42,083

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans - 2-5 years

192,985

202,036

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.7.24

£

£

Bank loans

220,898

229,949

8.	PROVISIONS FOR LIABILITIES

31.7.25

31.7.24

£

£

Deferred tax

214,339

214,137

Deferred

tax

£

Balance at 1 August 2024

214,137

Provided during year

202

Balance at 31 July 2025

214,339

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 1 August 2024 the directors' loan account had a credit balance of £4,629. During the year, the company repaid £3,297 back to the directors. As a result, at the year end the company owed £1,332 to the directors.

10.	ULTIMATE CONTROLLING PARTY

The controlling party of the company is the director, Mr R Floriani, by virtue of his 100% holding of the issued share capital.