| Director |
| Registered office | |
| Registered number | 10369433 |
| Notes |
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The financial statements were approved and authorised for issue by the director on
Nicholas Davidson
Director |
Company registration number 10369433
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The financial statements are presented in sterling and this is the functional currency of the company.
The financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
The financial statements have been prepared under the historical cost convention, as modified by the revaluation of investment properties in accordance with the Companies Act 2006.
The director has confirmed his continued financial support and has agreed not to seek repayment of his loan until the company has the funds available. On this basis the financial statements have been prepared on the going concern basis.
Turnover represents rents receivable during the period. Rental income is recognised on the basis of amounts due in the period.
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.
Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investment properties are stated at fair value at each balance sheet date. Fair value is the director's assessment of open market value, informed by lender valuations obtained during the year. No depreciation is provided. Surpluses and deficits arising on revaluation are credited or debited to the revaluation reserve.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, bank loans and loans from the director and group companies. These are measured at transaction price and subsequently at amortised cost.
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The bank loans are secured by fixed charges over the company's investment properties. Of the bank loans, £2,019,149 (2025: £2,019,149) is repayable otherwise than by instalments after more than five years.
You & Co. Living Limited holds 100% of the ordinary share capital of Edyllica Limited and Monocrom Limited, both with registered office at 27 Brook Lane, Chester, CH2 2AP.