Yorkshire Country Properties (DD) Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10804745 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2022

for

Yorkshire Country Properties (Denby

Dale) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R H Butterfield

S S Ahluwalia

G R Butterfield

P S Ahluwalia

R C Wilkinson

P S Brown

REGISTERED OFFICE:

Permanent House

1 Dundas Street

Huddersfield

West Yorkshire

HD1 2EX

REGISTERED NUMBER:

10804745 (England and Wales)

CURRENT ASSETS

Stocks

3,408,202

2,184,167

Debtors

4

4,596

7,850

Cash at bank

97,427

-

3,510,225

2,192,017

CREDITORS

Amounts falling due within one year

5

2,057,562

2,192,016

NET CURRENT ASSETS

1,452,663

1

TOTAL ASSETS LESS CURRENT LIABILITIES

1,452,663

1

CREDITORS

Amounts falling due after more than one year

6

1,452,662

-

NET ASSETS

1

1

CAPITAL AND RESERVES

Called up share capital

8

1

1

SHAREHOLDERS' FUNDS

1

1

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st December 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th September 2023 and were signed on its behalf by:

R H Butterfield - Director

1.	STATUTORY INFORMATION

Yorkshire Country Properties (Denby Dale) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statements of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Going concern

The financial statements have been prepared on a going concern basis. Having carried out a detailed review of the company's resources and the challenges presented by the current economic climate, the directors are satisfied that the company has sufficient cash flows to meet its liabilities as they fall due for at least one year from the date of approval of the financial statements.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Other debtors

4,596

7,850

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade creditors

60,797

-

Amounts owed to group undertakings

1,974,551

2,192,016

Amounts owed to associates

20,714

-

Other creditors

1,500

-

2,057,562

2,192,016

The amounts owed to group undertakings are interest free and repayable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans

1,452,662

-

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.22

31.12.21

£

£

Bank loans

1,452,662

-

The loan is secured by way of a debenture in favour of Paragon Development Finance Limited dated 18 February 2022. The loan is secured over the whole of the undertakings, property and assets of the company together with a fixed charge over the shares of Yorkshire Country Properties Holdings Limited, the entity's owner.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.22

31.12.21

value:

£

£

1

Ordinary

£1

1

1

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year the company received goods and services amounting to £1,157,309 from associated companies.

At 31 December 2022, the amount outstanding owed to associated companies was £20,714.