Abbreviated Company Accounts - YPG DEVELOPMENTS LTD

YPG DEVELOPMENTS LTD - Company Information

09883699 YPG DEVELOPMENTS LTD 2016-11-30 false 2015-11-23 2016-11-30 true 09883699 2015-11-23 2016-11-30 09883699 2016-11-30 09883699 uk-gaap-cd-bus:Director1 2015-11-23 2016-11-30 09883699 uk-gaap-cd-bus:Director2 2015-11-23 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-23 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-11-30 iso4217:GBP shares

Registered Number 09883699

YPG DEVELOPMENTS LTD

Abbreviated Accounts

30 November 2016

YPG DEVELOPMENTS LTD Registered Number 09883699

Abbreviated Balance Sheet as at 30 November 2016

	Notes	2016
		£
Called up share capital not paid		-
Fixed assets
Intangible assets		-
Tangible assets	2	16,438
Investments		-
		16,438
Current assets
Stocks		570,000
Debtors	3	433,639
Investments		-
Cash at bank and in hand		1,979
		1,005,618
Prepayments and accrued income		-
Creditors: amounts falling due within one year		(613,345)
Net current assets (liabilities)		392,273
Total assets less current liabilities		408,711
Creditors: amounts falling due after more than one year		(3,288)
Provisions for liabilities		0
Accruals and deferred income		0
Total net assets (liabilities)		405,423
Capital and reserves
Called up share capital	4	100
Share premium account		0
Revaluation reserve		0
Other reserves		0
Profit and loss account		405,323
Shareholders' funds		405,423

For the year ending 30 November 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 13 January 2017

And signed on their behalf by:
Sze Ming Yeung, Director

YPG DEVELOPMENTS LTD Registered Number 09883699

Notes to the Abbreviated Accounts for the period ended 30 November 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the amounts Receivable excluding VAT by the company for the construction of apartment properties.

Tangible assets depreciation policy
Depreciation is provided on the written down value of all tangible fixed assets at rates calculated to write off the cost, less estimated residual value of each asset over its expected useful life as follows:-

Fixtures, fittings and Equipment 25% per annum on reducing balance

Valuation information and policy
• Work in progress
Work in progress has been shown at the estimated selling price.

• Cash Flow Statement
The company has taken advantage of the exemption in financial reporting standard number 1 from producing a Cash Flow Statement on the grounds that it is a small company.

Other accounting policies
• Deferred Taxation
Provision has made at 20% for corporation tax deferred by accelerated capital allowance.

2Tangible fixed assets

	£
Cost
Additions	21,917
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2016	21,917
Depreciation
Charge for the year	5,479
On disposals	-
At 30 November 2016	5,479
Net book values
At 30 November 2016	16,438

3Debtors

VAT Recoverable 7,954
Associated Companies 425,685

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £
100 Ordinary shares of £1 each	100

Ordinary Shares £1 Each issue during the year at £1 each