YHR Estates Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08139739 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2017

FOR

YHR ESTATES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Y Cohen

REGISTERED OFFICE:

22 Heathland Road

London

N16 5NH

REGISTERED NUMBER:

08139739 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Investment property

3

447,000

252,224

CURRENT ASSETS

Debtors

4

8,650

8,650

Cash at bank

2,394

561

11,044

9,211

CREDITORS

Amounts falling due within one year

5

81,871

157,523

NET CURRENT LIABILITIES

(70,827

)

(148,312

)

TOTAL ASSETS LESS CURRENT LIABILITIES

376,173

103,912

CREDITORS

Amounts falling due after more than one year

6

188,337

101,316

NET ASSETS

187,836

2,596

CAPITAL AND RESERVES

Called up share capital

8

1

1

Revaluation reserve

9

190,701

-

Retained earnings

9

(2,866

)

2,595

SHAREHOLDERS' FUNDS

187,836

2,596

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 14 December 2017 and were signed by:

Y Cohen - Director

1.	STATUTORY INFORMATION

YHR Estates Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities"

of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of

Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost

convention except for the assets and liabilities which are required by FRS 102 to be stated at fair value.

Changes in accounting policies

The company has adopted FRS 102 for the first time in the preparation of these accounts. Accordingly the date

of transition to FRS 102 was 1 August 2015 (beginning of the accounting period of comparative year).

There are no material differences in determining the company's profit and loss under FRS 102 and the previous

framework the company adopted (the Financial Reporting Standard for Smaller Entities (effective January

2015)).

Turnover

Turnover represents net rent receivable, excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

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

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2016

252,224

Additions

4,075

Revaluations

190,701

At 31 July 2017

447,000

NET BOOK VALUE

At 31 July 2017

447,000

At 31 July 2016

252,224

Fair value at 31 July 2017 is represented by:

£

Valuation in 2017

190,701

Cost

256,299

447,000

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Other debtors

8,650

8,650

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade creditors

1,500

1,500

Other creditors

80,371

156,023

81,871

157,523

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.17

31.7.16

£

£

Bank loans

188,337

101,316

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

153,344

65,414

Repayable by instalments

Bank loan

34,993

35,902

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.17

31.7.16

£

£

Bank loans

188,337

101,316

Bank loan is secured by a first charge over company's investment properties and bear interest at variable rates.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.17

31.7.16

value:

£

£

1

Ordinary

£1

1

1

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 August 2016

2,595

-

2,595

Profit for the year

185,240

185,240

Revaluation

(190,701

)

190,701

-

At 31 July 2017

(2,866

)

190,701

187,835

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Y Cohen.