REGISTERED NUMBER: 11731987 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

YMSG ESTATES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

S Grunfeld

REGISTERED OFFICE:

115 Craven Park Road

London

United Kingdom

N15 6BL

REGISTERED NUMBER:

11731987 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Investment property

4

4,196,245

3,563,239

CURRENT ASSETS

Debtors

5

522,557

541,371

Cash at bank

18,032

6,206

540,589

547,577

CREDITORS

Amounts falling due within one year

6

(2,072,498

)

(1,414,129

)

NET CURRENT LIABILITIES

(1,531,909

)

(866,552

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,664,336

2,696,687

CREDITORS

Amounts falling due after more than one year

7

(3,176,696

)

(3,183,294

)

NET LIABILITIES

(512,360

)

(486,607

)

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

(512,361

)

(486,608

)

SHAREHOLDERS' FUNDS

(512,360

)

(486,607

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 16 September 2026 and were signed by:

S Grunfeld - Director

1.	STATUTORY INFORMATION

Ymsg Estates Ltd 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

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.

Turnover

Turnover represents net rent receivable, excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

3,563,239

Additions

633,006

At 31 December 2025

4,196,245

NET BOOK VALUE

At 31 December 2025

4,196,245

At 31 December 2024

3,563,239

The director has confirmed that there is no significant increase or decrease in the property.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other debtors

522,557

541,371

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

514,130

-

Other creditors

1,547,354

1,398,735

Directors' current accounts

7,774

11,974

Accrued expenses

3,240

3,420

2,072,498

1,414,129

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans more 5 yrs non-inst

3,152,872

3,153,226

Other loans more 5yrs instal

23,824

30,068

3,176,696

3,183,294

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

3,152,872

3,153,226

Repayable by instalments

Other loans more 5yrs instal

23,824

30,068

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank loans

3,667,002

3,153,226

Other loans

23,824

30,068

3,690,826

3,183,294

1. Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

2. Under the bank loan, £41,178 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

1

Ordinary

£1

1

1

10.

RESERVES

Retained

earnings

£

At 1 January 2025

(486,608

)

Deficit for the year

(25,753

)

At 31 December 2025

(512,361

)

11.	RELATED PARTY DISCLOSURES

There are some loans between the companies which Mr S Grunfeld is appointed as director/shareholder, the loan balances as at 31/12/2025 are listed below:

A. Loan debtors:

1. Great Builders Ltd-£342,854.

2. Topriver Ltd-£9

3. Castle N15 Ltd-£734

4. Highriver Estates Ltd-£160

B. Loan creditors:

1. Banday Management Ltd-£44,763.

2. TWYL Ltd-£39,504.

3. Y and S Management Ltd-£390,021.

4. Fallow Close Ltd-£64,685.

5. Midmay High Ltd-£13,190.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Grunfeld.