Yorvale (Leeds) Limited - Abbreviated accounts 16.3

Yorvale (Leeds) Limited - Abbreviated accounts 16.3

YORVALE (LEEDS) LIMITED - Company Information

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REGISTERED NUMBER: 05686540 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

YORVALE (LEEDS) LIMITED

YORVALE (LEEDS) LIMITED (REGISTERED NUMBER: 05686540)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 31 October 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

YORVALE (LEEDS) LIMITED

COMPANY INFORMATION
for the year ended 31 October 2016







DIRECTORS: M D Cormack
J J Binnian



SECRETARY: J J Binnian



REGISTERED OFFICE: 4 Queen Street
Leeds
West Yorkshire
LS1 2TW



REGISTERED NUMBER: 05686540 (England and Wales)



ACCOUNTANTS: Baty Casson Long
Windsor House
Cornwall Road
Harrogate
North Yorkshire
HG1 2PW



SOLICITORS: DWF
Bridgewater Place
Water Lane
Leeds
LS11 5DY
Page 1
YORVALE (LEEDS) LIMITED (REGISTERED NUMBER: 05686540)

ABBREVIATED BALANCE SHEET
31 October 2016

31.10.16 31.10.15
Notes £    £    £    £   
FIXED ASSETS
Investment property 2 1,000,000 1,000,000

CURRENT ASSETS
Debtors 36,944 31,243
Cash at bank 30,791 33,711
67,735 64,954
CREDITORS
Amounts falling due within one year 3 409,117 393,169
NET CURRENT LIABILITIES (341,382 ) (328,215 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
658,618
671,785

CREDITORS
Amounts falling due after more than one
year
3
429,986
460,407
NET ASSETS 228,632 211,378

CAPITAL AND RESERVES
Called up share capital 4 1 1
Revaluation reserve 209,010 209,010
Profit and loss account 19,621 2,367
SHAREHOLDERS' FUNDS 228,632 211,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
YORVALE (LEEDS) LIMITED (REGISTERED NUMBER: 05686540)

ABBREVIATED BALANCE SHEET - continued
31 October 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 13 July 2017 and were signed on its
behalf by:




M D Cormack - Director



J J Binnian - Director


The notes form part of these abbreviated accounts

Page 3
YORVALE (LEEDS) LIMITED (REGISTERED NUMBER: 05686540)

NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 31 October 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller
Entities (effective January 2015).

Turnover
Turnover represents amounts charged by the company in respect of rent and associated costs during
the year, excluding value added tax.

Investment property
Investment property is shown at most recent market valuation in accordance with SSAP 19 which,
whilst representing a departure from the Companies Act 2006, is necessary for the accounts to show a
true and fair view. Any aggregate surplus or deficit arising from changes in market value is transferred
to a revaluation reserve.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

2. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 November 2015
and 31 October 2016 1,000,000
NET BOOK VALUE
At 31 October 2016 1,000,000
At 31 October 2015 1,000,000

3. CREDITORS

Creditors include an amount of £ 470,586 (31.10.15 - £ 501,007 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.10.16 31.10.15
£    £   
Repayable by instalments 267,586 298,007

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.16 31.10.15
value: £    £   
1 Ordinary £1 1 1

5. ULTIMATE PARENT COMPANY

The company is a wholly-owned subsidiary of Yorvale Investments Limited, a company incorporated in
England and Wales, which the directors consider to be the ultimate holding company.

Page 4