Presentia Young & Co Limited - Accounts to registrar (filleted) - small 22.3

Presentia Young & Co Limited - Accounts to registrar (filleted) - small 22.3

PRESENTIA YOUNG & CO LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v22.3.3.48 00960302 Board of Directors 1.9.21 31.8.22 31.8.22 true false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure009603022021-08-31009603022022-08-31009603022021-09-012022-08-31009603022020-08-31009603022020-09-012021-08-31009603022021-08-3100960302ns16:EnglandWales2021-09-012022-08-3100960302ns15:PoundSterling2021-09-012022-08-3100960302ns11:Director12021-09-012022-08-3100960302ns11:PrivateLimitedCompanyLtd2021-09-012022-08-3100960302ns11:SmallEntities2021-09-012022-08-3100960302ns11:AuditExempt-NoAccountantsReport2021-09-012022-08-3100960302ns11:SmallCompaniesRegimeForDirectorsReport2021-09-012022-08-3100960302ns11:SmallCompaniesRegimeForAccounts2021-09-012022-08-3100960302ns11:FullAccounts2021-09-012022-08-3100960302ns11:Director22021-09-012022-08-3100960302ns11:RegisteredOffice2021-09-012022-08-3100960302ns6:CurrentFinancialInstruments2022-08-3100960302ns6:CurrentFinancialInstruments2021-08-3100960302ns6:ShareCapital2022-08-3100960302ns6:ShareCapital2021-08-3100960302ns6:CapitalRedemptionReserve2022-08-3100960302ns6:CapitalRedemptionReserve2021-08-3100960302ns6:RetainedEarningsAccumulatedLosses2022-08-3100960302ns6:RetainedEarningsAccumulatedLosses2021-08-3100960302ns6:FurnitureFittings2021-09-012022-08-3100960302ns6:FurnitureFittings2021-08-3100960302ns6:FurnitureFittings2022-08-3100960302ns6:FurnitureFittings2021-08-3100960302ns6:CostValuation2021-08-31
REGISTERED NUMBER: 00960302 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

FOR

PRESENTIA YOUNG & CO LIMITED
PRESENTIA YOUNG & CO LIMITED (REGISTERED NUMBER: 00960302)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRESENTIA YOUNG & CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2022







DIRECTORS: N J Wright
Mrs S.C Wright





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 00960302 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ
Page 1
PRESENTIA YOUNG & CO LIMITED (REGISTERED NUMBER: 00960302)

BALANCE SHEET
31 AUGUST 2022

31.8.22 31.8.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57 72
Investments 5 4,500 4,500
Investment property 6 281,884 281,884
286,441 286,456

CURRENT ASSETS
Debtors 7 118,000 25,826
Cash at bank 572,615 446,340
690,615 472,166
CREDITORS
Amounts falling due within one year 8 189,955 128,118
NET CURRENT ASSETS 500,660 344,048
TOTAL ASSETS LESS CURRENT
LIABILITIES
787,101
630,504

CAPITAL AND RESERVES
Called up share capital 45,165 45,165
Capital redemption reserve 8,335 8,335
Retained earnings 733,601 577,004
SHAREHOLDERS' FUNDS 787,101 630,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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 notes form part of these financial statements

Page 2 continued...
PRESENTIA YOUNG & CO LIMITED (REGISTERED NUMBER: 00960302)

BALANCE SHEET - continued
31 AUGUST 2022


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 21 December 2022 and were signed on its behalf by:





N J Wright - Director


The notes form part of these financial statements

Page 3
PRESENTIA YOUNG & CO LIMITED (REGISTERED NUMBER: 00960302)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022


1. STATUTORY INFORMATION

Presentia Young & Co 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment properties are included at open market value at the year end.

Changes in the value of investment properties are shown as movements in the revaluation reserve. Where properties are valued at below cost the diminution is written off to the profit and loss account.

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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Page 4 continued...
PRESENTIA YOUNG & CO LIMITED (REGISTERED NUMBER: 00960302)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2022


2. ACCOUNTING POLICIES - continued

Fixed asset investments
Investments are included at cost less amounts written off. Profits or losses arising from disposals of fixed asset investments are treated as part of the results from ordinary activities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& equipment
£   
COST
At 1 September 2021
and 31 August 2022 1,646
DEPRECIATION
At 1 September 2021 1,574
Charge for year 15
At 31 August 2022 1,589
NET BOOK VALUE
At 31 August 2022 57
At 31 August 2021 72

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2021
and 31 August 2022 4,500
NET BOOK VALUE
At 31 August 2022 4,500
At 31 August 2021 4,500

Page 5 continued...
PRESENTIA YOUNG & CO LIMITED (REGISTERED NUMBER: 00960302)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2022


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2021
and 31 August 2022 281,884
NET BOOK VALUE
At 31 August 2022 281,884
At 31 August 2021 281,884

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.22 31.8.21
£    £   
Amounts owed by group undertakings 118,000 25,826

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.22 31.8.21
£    £   
Amounts owed to group undertakings 1,593 1,593
VAT 1,984 1,851
Other creditors 37,259 32,822
Directors' loan accounts 146,818 89,552
Accruals and deferred income 2,301 2,300
189,955 128,118

Page 6