Y & F Property Limited - Limited company accounts 11.7

REGISTERED NUMBER: 07450308 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2014

FOR

Y & F PROPERTY LIMITED

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

E Bhad

SECRETARY:

REGISTERED OFFICE:

212D Romford Road

London

E7 9HZ

REGISTERED NUMBER:

07450308 (England and Wales)

ACCOUNTANTS:

Fordhams & Co.

Chartered Accountants

Unit 003

Parma house

Clarendon Road

London

N22 6XF

The director presents his report with the financial statements of the company for the year ended 30 November 2014.

DIRECTOR

E Bhad held office during the whole of the period from 1 December 2013 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

E Bhad - Director

31 July 2015

TURNOVER

-

Administrative expenses

13,769

7,744

(13,769

)

(7,744

)

Other operating income

43,397

26,949

OPERATING PROFIT

2

29,628

19,205

Interest payable and similar charges

5,798

2,416

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

23,830

16,789

Tax on profit on ordinary activities

3

4,459

3,444

PROFIT FOR THE FINANCIAL YEAR

19,371

13,345

FIXED ASSETS

Tangible assets

4

2,862

1,728

Investment property

5

426,314

429,176

428,042

CURRENT ASSETS

Cash at bank

12,212

26,090

CREDITORS

Amounts falling due within one year

6

67,943

39,205

NET CURRENT LIABILITIES

(55,731

)

(13,115

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

373,445

414,927

CREDITORS

Amounts falling due after more than one
year

7

282,512

343,365

NET ASSETS

90,933

71,562

CAPITAL AND RESERVES

Called up share capital

9

100

Profit and loss account

10

90,833

71,462

SHAREHOLDERS' FUNDS

90,933

71,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2014 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 31 July 2015 and were signed by:

E Bhad - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Tangible fixed assets

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

Plant and machinery etc

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

2.	OPERATING PROFIT

The operating profit is stated after charging:

30.11.14

30.11.13

£

Depreciation - owned assets

716

432

Director's remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

30.11.14

30.11.13

£

Current tax:

UK corporation tax

4,459

3,444

Tax on profit on ordinary activities

4,459

3,444

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2013

2,700

Additions

1,850

At 30 November 2014

4,550

DEPRECIATION

At 1 December 2013

972

Charge for year

716

At 30 November 2014

1,688

NET BOOK VALUE

At 30 November 2014

2,862

At 30 November 2013

1,728

5.	INVESTMENT PROPERTY

Total

£

COST

At 1 December 2013

and 30 November 2014

426,314

NET BOOK VALUE

At 30 November 2014

426,314

At 30 November 2013

426,314

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.14

30.11.13

£

Trade creditors

-

1

Taxation and social security

7,434

5,939

Other creditors

60,509

33,265

67,943

39,205

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.11.14

30.11.13

£

Bank loans

140,628

150,981

Other creditors

141,884

192,384

282,512

343,365

30.11.14

30.11.13

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

130,275

150,981

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.14

30.11.13

£

Bank loans

140,628

150,981

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.14

30.11.13

value:

£

100

Ordinary

1

100

10.

RESERVES

Profit

and loss

account

£

At 1 December 2013

71,462

Profit for the year

19,371

At 30 November 2014

90,833