Joseph Yates Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00183875 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Joseph Yates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S A Briggs

SECRETARY:

Mrs C J Briggs

REGISTERED OFFICE:

Danehill Lodge

Tanyard Lane

Danehill

West Sussex

RH17 7JW

REGISTERED NUMBER:

00183875 (England and Wales)

ACCOUNTANTS:

Harrison North

Adam House, 7-10 Adam Street

London

WC2N 6AA

FIXED ASSETS

Investment property

4

8,175,000

CURRENT ASSETS

Stocks

308,566

200,000

Debtors

5

24,286

16,293

Cash at bank

36,189

11,622

369,041

227,915

CREDITORS

Amounts falling due within one year

6

3,199,303

6,108,150

NET CURRENT LIABILITIES

(2,830,262

)

(5,880,235

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,344,738

2,294,765

CREDITORS

Amounts falling due after more than
one year

7

3,000,000

-

NET ASSETS

2,344,738

2,294,765

CAPITAL AND RESERVES

Called up share capital

18,000

Capital redemption reserve

2,000

Fair value reserve

10

1,043,509

Retained earnings

1,281,229

1,231,256

2,344,738

2,294,765

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 13 October 2026 and were signed by:

S A Briggs - Director

1.	STATUTORY INFORMATION

Joseph Yates 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.

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 as modified by the revaluation of certain assets.

Significant judgements and estimates

No significant judgements have had to be made by the directors in preparing these financial statements other than the value of the London investment property.

Turnover

Turnover comprises commercial rent receivable and residential rents receivable, net of letting agency fees.

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.

Stocks

The property development in progress is shown at its original cost with the addition of professional fees incurred and no finance costs.

The developments in progress is also assessed for impairment at each reporting date. The carrying amount is compared with its estimated selling price less costs to complete and sell. If a development is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

8,175,000

NET BOOK VALUE

At 31 March 2026

8,175,000

At 31 March 2025

8,175,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2024

8,175,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

31.3.26

31.3.25

£

Other debtors

24,286

16,293

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

31.3.26

31.3.25

£

Trade creditors

584

1,765

Amounts owed to group undertakings

2,859,406

5,857,206

Taxation and social security

16,316

8,440

Other creditors

322,997

240,739

3,199,303

6,108,150

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR

31.3.26

31.3.25

£

Bank loans (see note 8)

3,000,000

-

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.26

31.3.25

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

3,000,000

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

Bank loans

3,000,000

-

The Handelsbanken plc bank loan advanced during the period carries interest payable quarterly at a rate of 2.24% over the Bank of England base rate. The capital element is repayable on 2nd July 2029.

10.

RESERVES

Fair

value

reserve

£

At 1 April 2025

and 31 March 2026

1,043,509

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Stonehurst Estates Limited.

The ultimate controlling party is S A Briggs.