YRS Estates Ltd - Accounts to registrar (filleted) - small 18.2

YRS Estates Ltd - Accounts to registrar (filleted) - small 18.2

YRS ESTATES LTD - Company Information

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IRIS Accounts Production v20.3.0.228 08755754 Board of Directors 1.11.18 31.10.19 31.10.19 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure087557542018-10-31087557542019-10-31087557542018-11-012019-10-31087557542017-10-31087557542017-11-012018-10-31087557542018-10-3108755754ns15:EnglandWales2018-11-012019-10-3108755754ns14:PoundSterling2018-11-012019-10-3108755754ns10:Director12018-11-012019-10-3108755754ns10:PrivateLimitedCompanyLtd2018-11-012019-10-3108755754ns10:SmallEntities2018-11-012019-10-3108755754ns10:AuditExempt-NoAccountantsReport2018-11-012019-10-3108755754ns10:SmallCompaniesRegimeForDirectorsReport2018-11-012019-10-3108755754ns10:SmallCompaniesRegimeForAccounts2018-11-012019-10-3108755754ns10:FullAccounts2018-11-012019-10-3108755754ns10:Director32018-11-012019-10-3108755754ns10:CompanySecretary12018-11-012019-10-3108755754ns10:RegisteredOffice2018-11-012019-10-3108755754ns5:CurrentFinancialInstruments2019-10-3108755754ns5:CurrentFinancialInstruments2018-10-3108755754ns5:ShareCapital2019-10-3108755754ns5:ShareCapital2018-10-3108755754ns5:RevaluationReserve2019-10-3108755754ns5:RevaluationReserve2018-10-3108755754ns5:RevaluationReserve2018-10-31
REGISTERED NUMBER: 08755754 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2019

FOR

YRS ESTATES LTD
YRS ESTATES LTD (REGISTERED NUMBER: 08755754)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2019




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


YRS ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2019







DIRECTORS: Y Rigal
Mrs S Regal





SECRETARY: Y Rigel





REGISTERED OFFICE: 74 Durley Road
London
N16 5JS





REGISTERED NUMBER: 08755754 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL
Page 1
YRS ESTATES LTD (REGISTERED NUMBER: 08755754)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2019

31.10.19 31.10.18
Notes £    £   
FIXED ASSETS
Investment property 4 373,011 373,011

CREDITORS
Amounts falling due within one year 5 (284,804 ) (284,818 )
NET CURRENT LIABILITIES (284,804 ) (284,818 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
88,207
88,193

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 6 104,050 104,050
Retained earnings (15,844 ) (15,858 )
SHAREHOLDERS' FUNDS 88,207 88,193

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2020 and were signed on its behalf by:





Y Rigal - Director


The notes form part of these financial statements

Page 2
YRS ESTATES LTD (REGISTERED NUMBER: 08755754)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2019

1. STATUTORY INFORMATION

YRS 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.

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.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2018 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2018
and 31 October 2019 373,011
NET BOOK VALUE
At 31 October 2019 373,011
At 31 October 2018 373,011

Page 3 continued...
YRS ESTATES LTD (REGISTERED NUMBER: 08755754)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2019

4. INVESTMENT PROPERTY - continued

Fair value at 31 October 2019 is represented by:

£   
Valuation in 2016 104,050
Cost 268,961
373,011

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.19 31.10.18
£    £   
Other creditors 284,804 284,818

6. RESERVES
Revaluation
reserve
£   
At 1 November 2018
and 31 October 2019 104,050

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs S Regal.

Page 4