TAYLOR'S PROPERTY DEVELOPMENTS (YORKSHIRE) LTD

TAYLOR'S PROPERTY DEVELOPMENTS (YORKSHIRE) LTD

TAYLOR'S PROPERTY DEVELOPMENTS (YORKSHIRE) LTD - Company Information

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Company Registration No. 08845241 (England and Wales)
TAYLOR'S PROPERTY DEVELOPMENTS (YORKSHIRE) LTD Unaudited accounts for the year ended 31 January 2021
TAYLOR'S PROPERTY DEVELOPMENTS (YORKSHIRE) LTD Unaudited accounts Contents
Page
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TAYLOR'S PROPERTY DEVELOPMENTS (YORKSHIRE) LTD Company Information for the year ended 31 January 2021
Directors
Andrew Taylor Janet Taylor
Company Number
08845241 (England and Wales)
Registered Office
138 TOWN STREET STANNINGLEY PUDSEY WEST YORKSHIRE LS28 6ER
Accountants
Michael Upton 138 Town Street Stanningley Leeds LS28 6ER
- 3 -
TAYLOR'S PROPERTY DEVELOPMENTS (YORKSHIRE) LTD Accountants' report
Accountants' report to the board of directors of TAYLOR'S PROPERTY DEVELOPMENTS (YORKSHIRE) LTD on the preparation of the unaudited statutory accounts for the year ended 31 January 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of TAYLOR'S PROPERTY DEVELOPMENTS (YORKSHIRE) LTD for the year ended 31 January 2021 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of TAYLOR'S PROPERTY DEVELOPMENTS (YORKSHIRE) LTD, as a body, in accordance with the terms of our engagement letter dated 29 October 2021. Our work has been undertaken solely to prepare for your approval the accounts of TAYLOR'S PROPERTY DEVELOPMENTS (YORKSHIRE) LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TAYLOR'S PROPERTY DEVELOPMENTS (YORKSHIRE) LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that TAYLOR'S PROPERTY DEVELOPMENTS (YORKSHIRE) LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of TAYLOR'S PROPERTY DEVELOPMENTS (YORKSHIRE) LTD. You consider that TAYLOR'S PROPERTY DEVELOPMENTS (YORKSHIRE) LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of TAYLOR'S PROPERTY DEVELOPMENTS (YORKSHIRE) LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Michael Upton 138 Town Street Stanningley Leeds LS28 6ER 29 October 2021
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TAYLOR'S PROPERTY DEVELOPMENTS (YORKSHIRE) LTD Statement of financial position as at 31 January 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
4,036,771 
5,521,382 
Current assets
Debtors
5
632,125 
- 
Cash at bank and in hand
745,956 
8,420 
1,378,081 
8,420 
Creditors: amounts falling due within one year
6
(23,064)
(65,477)
Net current assets/(liabilities)
1,355,017 
(57,057)
Total assets less current liabilities
5,391,788 
5,464,325 
Creditors: amounts falling due after more than one year
7
(1,328,433)
(2,196,845)
Net assets
4,063,355 
3,267,480 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
4,125,365 
3,809,365 
Profit and loss account
(62,011)
(541,886)
Shareholders' funds
4,063,355 
3,267,480 
For the year ending 31 January 2021 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2021 and were signed on its behalf by
Andrew Taylor Director Company Registration No. 08845241
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TAYLOR'S PROPERTY DEVELOPMENTS (YORKSHIRE) LTD Notes to the Accounts for the year ended 31 January 2021
1
Statutory information
TAYLOR'S PROPERTY DEVELOPMENTS (YORKSHIRE) LTD is a private company, limited by shares, registered in England and Wales, registration number 08845241. The registered office is 138 TOWN STREET, STANNINGLEY, PUDSEY, WEST YORKSHIRE, LS28 6ER.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18%
Motor vehicles
18%
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At cost 
At 1 February 2020
5,431,250 
46,000 
75,000 
5,552,250 
Additions
367,750 
25,550 
32,820 
426,120 
Revaluations
316,000 
- 
- 
316,000 
Disposals
(2,200,000)
- 
- 
(2,200,000)
At 31 January 2021
3,915,000 
71,550 
107,820 
4,094,370 
Depreciation
At 1 February 2020
- 
12,118 
18,750 
30,868 
Charge for the year
- 
10,698 
16,033 
26,731 
At 31 January 2021
- 
22,816 
34,783 
57,599 
Net book value
At 31 January 2021
3,915,000 
48,734 
73,037 
4,036,771 
At 31 January 2020
5,431,250 
33,882 
56,250 
5,521,382 
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TAYLOR'S PROPERTY DEVELOPMENTS (YORKSHIRE) LTD Notes to the Accounts for the year ended 31 January 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
49,905 
- 
Debtors: amounts falling due after more than one year
Other debtors
582,220 
- 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
- 
53,962 
Obligations under finance leases and hire purchase contracts
23,064 
10,072 
Trade creditors
- 
1,443 
23,064 
65,477 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
55,600 
484,366 
Obligations under finance leases and hire purchase contracts
44,936 
44,073 
Other creditors
64,607 
1,668,406 
Loans from directors
1,163,290 
- 
1,328,433 
2,196,845 
Of the £1,328,433 Creditors Due after one year, £1,163,290 is due the company director.
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).
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