Yorkshire Consortium Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05363132 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

Yorkshire Consortium Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

J G Williams

J Williams

Miss H E Williams

REGISTERED OFFICE:

134 Moorgate Road

Rotherham

S60 3AZ

REGISTERED NUMBER:

05363132 (England and Wales)

ACCOUNTANTS:

Parkins Accountants Ltd

T/A, Parkins, Chartered Accountants

Moor Park House

Bawtry Rd

Wickersley

Rotherham

South Yorkshire

S66 2BL

FIXED ASSETS

Investment property

4

1,196,465

1,321,828

CURRENT ASSETS

Debtors

5

103,797

3,415

Cash at bank

325,359

309,756

429,156

313,171

CREDITORS

Amounts falling due within one year

6

997,684

995,913

NET CURRENT LIABILITIES

(568,528

)

(682,742

)

TOTAL ASSETS LESS CURRENT LIABILITIES

627,937

639,086

CREDITORS

Amounts falling due after more than one year

7

433,293

433,293

NET ASSETS

194,644

205,793

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

194,544

205,693

SHAREHOLDERS' FUNDS

194,644

205,793

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2020 and were signed on its behalf by:

Miss H E Williams - Director

1.	STATUTORY INFORMATION

Yorkshire Consortium Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents rents received. The company is not vat registered.

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 balance sheet date.

Deferred tax

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

The average number of employees during the year was 3 (2018 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2019

1,321,828

Disposals

(125,363

)

At 31 December 2019

1,196,465

NET BOOK VALUE

At 31 December 2019

1,196,465

At 31 December 2018

1,321,828

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

102,792

2,105

Prepayments

1,005

1,310

103,797

3,415

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Tax

13,432

14,183

Directors' current accounts

981,753

979,113

Accrued expenses

2,499

2,617

997,684

995,913

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Other loans - 1-2 years

433,293

433,293

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2019 and 31 December 2018:

2019

2018

£

£

J Williams

Balance outstanding at start of year

(7,046

)

(15,843

)

Amounts advanced

1,119

33,384

Amounts repaid

(260

)

(24,587

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(6,187

)

(7,046

)

J G Williams

Balance outstanding at start of year

(594,458

)

(598,411

)

Amounts advanced

-

7,641

Amounts repaid

(1,752

)

(3,688

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(596,210

)

(594,458

)

Miss H E Williams

Balance outstanding at start of year

(377,609

)

(389,888

)

Amounts advanced

-

15,981

Amounts repaid

(1,747

)

(3,702

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(379,356

)

(377,609

)

9.	ULTIMATE CONTROLLING PARTY

The controlling party is not known.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Yorkshire Consortium Limited for the year ended 31 December 2019 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Yorkshire Consortium Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Yorkshire Consortium Limited and state those matters that we have agreed to state to the Board of Directors of Yorkshire Consortium Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Yorkshire Consortium Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Yorkshire Consortium Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Yorkshire Consortium Limited. You consider that Yorkshire Consortium Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Yorkshire Consortium Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Parkins Accountants Ltd

T/A, Parkins, Chartered Accountants

Moor Park House

Bawtry Rd

Wickersley

Rotherham

South Yorkshire

S66 2BL

Date: .............................................