YC SHEPHERDS BUSH LIMITED

YC SHEPHERDS BUSH LIMITED

YC SHEPHERDS BUSH LIMITED - Company Information

Print Friendly Version

YC SHEPHERDS BUSH LIMITED

Company Registration Number:
07206167 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

YC SHEPHERDS BUSH LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

YC SHEPHERDS BUSH LIMITED

Balance sheet

As at 31 December 2022


Notes
2022
2021


£
£
Fixed assets
Investments: 3 17,900,003 12,820,321
Total fixed assets: 17,900,003 12,820,321
Current assets
Debtors: 4 4,622,457 2,964,678
Cash at bank and in hand: 1,521,620 150,239
Total current assets: 6,144,077 3,114,917
Creditors: amounts falling due within one year: 5 (557,365) (277,128)
Net current assets (liabilities): 5,586,712 2,837,789
Total assets less current liabilities: 23,486,715 15,658,110
Creditors: amounts falling due after more than one year: 6 (13,142,468) (12,516,636)
Total net assets (liabilities): 10,344,247 3,141,474
Capital and reserves
Called up share capital: 13,205,084 7,251,002
Share premium account: 5,950,342 5,950,342
Revaluation reserve:70(13,157,263)
Other reserves: 3,097,393 3,097,393
Profit and loss account: (11,908,572)
Shareholders funds: 10,344,247 3,141,474

The notes form part of these financial statements

YC SHEPHERDS BUSH LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 December 2023
and signed on behalf of the board by:

Name: Andrew Thorpe
Status: Director

The notes form part of these financial statements

YC SHEPHERDS BUSH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

YC SHEPHERDS BUSH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 4 4

YC SHEPHERDS BUSH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Fixed investments

Investment property is property held for long-term rental yields or for capital appreciation or both,and includes property that is being constructed or developed for future use as investment property. All investment property is stated at its fair value at the consolidated statement of financial positiondate. Gains and losses arising from changes in the fair value of investment property are included inthe period in which they arise in the consolidated statement of comprehensive income. Subsequentexpenditure is capitalised only when it is probable that future economic benefits are associated withthe expenditure. Ongoing repairs and maintenance were expensed as incurred. An investmentproperty is derecognised upon disposal or when the investment property is permanently withdrawnfrom use and no future economic benefits are expected from the disposal. Any gain or loss arisingon derecognition of the property (calculated as the difference between the net disposal proceeds andthe carrying amount of the asset) is recognised in the consolidated statement of comprehensiveincome in the period in which the property is derecognised.

YC SHEPHERDS BUSH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

2022 2021
££
Debtors due after more than one year: 0 0

YC SHEPHERDS BUSH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due within one year note

The amounts owed to group undertakings falling due within one year are interest free, unsecured andrepayable on demand.

YC SHEPHERDS BUSH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Creditors: amounts falling due after more than one year note

The Intercompany loan is for £15,000,000 with the Company’s parent company, YC SBM Holdings Ltdand is non-interest bearing. The company has applied a 5% discount rate to this amount, being itsrelevant interest rate and holds this balance at amortised cost of £13,142,468. The loan is repayable on17 September 2025 or earlier in the event the property or the company is sold.There is no interest payable on the loan.

YC SHEPHERDS BUSH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

7. Revaluation reserve

2022
£
Balance at 01 January 2022 (13,157,263)
Surplus or deficit after revaluation 13,157,263
Balance at 31 December 2022 0

YC SHEPHERDS BUSH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

8. Post balance sheet events

There were no known post balance sheet events needing disclosure at the date of signing the financialstatements.