Abbreviated Company Accounts - YES ESTATES LTD

08148077 YES ESTATES LTD 2016-03-31 false 2015-04-01 2016-03-31 true 08148077 2015-04-01 2016-03-31 08148077 2016-03-31 08148077 2015-03-31 08148077 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 08148077 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 08148077

YES ESTATES LTD

Abbreviated Accounts

31 March 2016

YES ESTATES LTD Registered Number 08148077

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,868,292	1,868,292
		1,868,292	1,868,292
Current assets
Debtors		7,470	-
Cash at bank and in hand		80,525	55,476
		87,995	55,476
Creditors: amounts falling due within one year		(1,995,041)	(1,967,816)
Net current assets (liabilities)		(1,907,046)	(1,912,340)
Total assets less current liabilities		(38,754)	(44,048)
Total net assets (liabilities)		(38,754)	(44,048)
Capital and reserves
Called up share capital	3	4	4
Profit and loss account		(38,758)	(44,052)
Shareholders' funds		(38,754)	(44,048)

For the year ending 31 March 2016 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 December 2016

And signed on their behalf by:
Mr D Webb, Director

YES ESTATES LTD Registered Number 08148077

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents rents receivable for the year.

Tangible assets depreciation policy
Tangible fixed assets are investment properties.

The investment properties are included in the balance sheet at open market value. Depreciation is
provided only on investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the Directors compliance with the standard is necessary for the financial statements to give a true and fairview. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

2Tangible fixed assets

	£
Cost
At 1 April 2015	1,868,292
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	1,868,292
Depreciation
At 1 April 2015	-
Charge for the year	-
On disposals	-
At 31 March 2016	-
Net book values
At 31 March 2016	1,868,292
At 31 March 2015	1,868,292

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
4 Ordinary shares of £1 each	4	4