Yorkshire Builders Federation Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12465428 (England and Wales)

Unaudited Financial Statements

for the Period 15 February 2020 to 31 March 2020

for

Yorkshire Builders Federation Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms C Atherton

Mr I D Billyard

Mr S A Carr

Mr S R Derry

Mr M G Hind

Mr L K G Hind

Ms S Kettlestring

Mr N J Sangwin

Mr M Scott

Mr P M Senior

Mr A D Shaw

SECRETARY:

Mr M Scott

REGISTERED OFFICE:

Citadel House

58 High Street

Hull

HU1 1QE

REGISTERED NUMBER:

12465428 (England and Wales)

ACCOUNTANTS:

JBC Accountants Limited

Chartered Accountants

3B Lockheed Court

Preston Farm

Stockton on Tees

TS18 3SH

SOLICITORS:

Rollits LLP

Citadel House

59 High Street

Hull

HU1 1QE

FIXED ASSETS

Tangible assets

4

90,000

Investments

5

429,258

519,258

CURRENT ASSETS

Debtors

6

3,457

Cash at bank

7,033

10,490

CREDITORS

Amounts falling due within one year

7

1,808

NET CURRENT ASSETS

8,682

TOTAL ASSETS LESS CURRENT LIABILITIES

527,940

PROVISIONS FOR LIABILITIES

54,277

NET ASSETS

473,663

RESERVES

Revaluation reserve

72,900

Other reserves

243,706

Retained earnings

157,057

473,663

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2020 and were signed on its behalf by:

Mr M Scott - Director

Mr N J Sangwin - Director

1.	STATUTORY INFORMATION

Yorkshire Builders Federation Limited is a private company, limited by guarantee , 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.

The assets and liabilities of the Yorkshire Builders Federation were transferred to the company on 21 February

2020 and an 'Other Reserve' was created on that date.

Tangible fixed assets

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

Included in tangible fixed assets, is a 'Chain of Office' which is included at valuation. Any annual changes in

value will be recognised in the revaluation reserve, after deferred tax provision.

As the residual value is expected to be equal to or more than current value, no depreciation will be charged.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 is recognised in respect of all timing differences between the carrying amounts of assets and

liabilities in the financial statements and the corresponding tax bases used in the computation of taxable

profit.The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to

the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the

asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which

the liability is settled or the asset realised, based on tax rates that have been enacted or substantively enacted by

the balance sheet date.

Investments

Investments comprise investments in listed equity instruments which are measured at fair value. Changes in fair

value are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST OR VALUATION

Revaluations

90,000

At 31 March 2020

90,000

NET BOOK VALUE

At 31 March 2020

90,000

Cost or valuation at 31 March 2020 is represented by:

Plant and

machinery

etc

£

Valuation in 2020

90,000

The Chain of Office was valued on an open market basis on 15 January 2020 by Phillip Stoner the Jeweller .

The original cost of the Chain of Office is unknown.

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

Additions

233,590

Revaluations

195,668

At 31 March 2020

429,258

NET BOOK VALUE

At 31 March 2020

429,258

Cost or valuation at 31 March 2020 is represented by:

Other

investments

£

Valuation in 2020

195,668

Cost

233,590

429,258

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

3,457

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

1,808