YPG DEVELOPMENTS LTD

YPG DEVELOPMENTS LTD

YPG DEVELOPMENTS LTD - Company Information

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YPG DEVELOPMENTS LTD

Company Registration Number:
09883699 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2019

Period of accounts

Start date: 01 December 2018

End date: 30 November 2019

YPG DEVELOPMENTS LTD

Contents of the Financial Statements

for the Period Ended 30 November 2019

Balance sheet
Notes

YPG DEVELOPMENTS LTD

Balance sheet

As at 30 November 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 988,096 10,479
Total fixed assets: 988,096 10,479
Current assets
Stocks: 30,426,641 19,220,000
Debtors:   155,833 139,733
Cash at bank and in hand: 10,200 5,962
Total current assets: 30,592,674 19,365,695
Creditors: amounts falling due within one year:   (29,134,634) (17,726,668)
Net current assets (liabilities): 1,458,040 1,639,027
Total assets less current liabilities: 2,446,136 1,649,506
Provision for liabilities: (1,990) (1,990)
Total net assets (liabilities): 2,444,146 1,647,516
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:42,444,0461,647,416
Shareholders funds: 2,444,146 1,647,516

The notes form part of these financial statements

YPG DEVELOPMENTS LTD

Balance sheet statements

For the year ending 30 November 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 August 2020
and signed on behalf of the board by:

Name: M Yeung
Status: Director

The notes form part of these financial statements

YPG DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

YPG DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2019

2. Employees

2019 2018
Average number of employees during the period 8 8

YPG DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2019

3. Tangible Assets

Total
Cost £
At 01 December 2018 10,479
Additions 977,617
At 30 November 2019 988,096
Depreciation
At 01 December 2018 0
At 30 November 2019 0
Net book value
At 30 November 2019 988,096
At 30 November 2018 10,479

YPG DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2019

4. Revaluation reserve

2019
£
Balance at 01 December 2018 1,647,416
Surplus or deficit after revaluation 796,630
Balance at 30 November 2019 2,444,046