Y & F Property Limited - Limited company accounts 16.1

REGISTERED NUMBER: 07450308 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2015

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 6UL

The director presents his report with the financial statements of the company for the year ended 30 November 2015.

DIRECTOR

E Bhad held office during the whole of the period from 1 December 2014 to the date of this report.

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

companies.

ON BEHALF OF THE BOARD:

E Bhad - Director

20 July 2016

TURNOVER

44,643

42,996

Administrative expenses

9,283

13,769

35,360

29,227

Other operating income

485

401

OPERATING PROFIT

2

35,845

29,628

Interest payable and similar charges

7,673

5,798

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

28,172

23,830

Tax on profit on ordinary activities

3

6,162

4,459

PROFIT FOR THE FINANCIAL YEAR

22,010

19,371

FIXED ASSETS

Tangible assets

4

2,290

2,862

Investment property

5

426,314

428,604

429,176

CURRENT ASSETS

Debtors

6

190,264

-

Cash at bank

8,418

12,212

198,682

12,212

CREDITORS

Amounts falling due within one year

7

75,725

67,943

NET CURRENT ASSETS/(LIABILITIES)

122,957

(55,731

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

551,561

373,445

CREDITORS

Amounts falling due after more than one
year

8

438,618

282,512

NET ASSETS

112,943

90,933

CAPITAL AND RESERVES

Called up share capital

10

100

Profit and loss account

11

112,843

90,833

SHAREHOLDERS' FUNDS

112,943

90,933

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 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 provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the director on 20 July 2016 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 January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Turnover represents net invoiced value of rent and other services received, excluding value added tax.

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:

30.11.15

30.11.14

£

Depreciation - owned assets

572

716

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:

30.11.15

30.11.14

£

Current tax:

UK corporation tax

6,162

4,459

Tax on profit on ordinary activities

6,162

4,459

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2014

and 30 November 2015

4,550

DEPRECIATION

At 1 December 2014

1,688

Charge for year

572

At 30 November 2015

2,260

NET BOOK VALUE

At 30 November 2015

2,290

At 30 November 2014

2,862

5.	INVESTMENT PROPERTY

Total

£

COST

At 1 December 2014

and 30 November 2015

426,314

NET BOOK VALUE

At 30 November 2015

426,314

At 30 November 2014

426,314

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.15

30.11.14

£

Other debtors

190,264

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.15

30.11.14

£

Taxation and social security

10,601

7,434

Other creditors

65,124

60,509

75,725

67,943

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.11.15

30.11.14

£

Bank loans

296,734

140,628

Other creditors

141,884

438,618

282,512

30.11.15

30.11.14

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

277,881

130,275

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.15

30.11.14

£

Bank loans

296,734

140,628

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

100

Ordinary

1

100

11.

RESERVES

Profit

and loss

account

£

At 1 December 2014

90,833

Profit for the year

22,010

At 30 November 2015

112,843

12.	RELATED PARTY DISCLOSURES

Y Y & I Limited

An associated company

Interest free inter-company loan.

30.11.15

30.11.14

£

Amount due from related party at the balance sheet date

190,000

-