Yarwood 2000 Limited - Period Ending 2023-02-28

Yarwood 2000 Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Yarwood 2000 Limited

(Registration number: 4011004)
Balance Sheet as at 28 February 2023

	Note	2023 £	2022 £
Fixed assets
Investments	4	714,997	714,997
Current assets
Debtors	5	7,071	7,071
Creditors: Amounts falling due within one year	6	(607,595)	(607,595)
Net current liabilities		(600,524)	(600,524)
Net assets		114,473	114,473
Capital and reserves
Called up share capital	7	8,583	8,583
Share premium reserve		1,517	1,517
Other reserves		98,660	98,660
Retained earnings		5,713	5,713
Shareholders' funds		114,473	114,473

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 November 2023
 

......................................... Mr John Lewis Nicholls Director

Yarwood 2000 Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Treefield Industrial Estate
Gelderd Road
Gildersome
Leeds
West Yorkshire
LS27 7JU
England

These financial statements were authorised for issue by the director on 8 November 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Yarwood 2000 Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

4	Investments

	2023 £	2022 £
Investments in subsidiaries	714,997	714,997

Subsidiaries	£
Cost or valuation
At 1 March 2022	714,997
Provision
Carrying amount
At 28 February 2023	714,997
At 28 February 2022	714,997

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2023	2022
Subsidiary undertakings
Yarwood Limited	Treefield Industrial Estate, Gelderd Road, Gildersome, Leeds, LS27 7JU England	Ordinary	100%	100%

Yarwood 2000 Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Subsidiary undertakings

Yarwood Limited The principal activity of Yarwood Limited is a Holding company.

5

Debtors

Current	2023 £	2022 £
Other debtors	7,071	7,071
	7,071	7,071

6

Creditors

Creditors: amounts falling due within one year

	Note	2023 £	2022 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest	8	607,545	607,545
Other creditors		50	50
		607,595	607,595

7	Share capital

Allotted, called up and fully paid shares

	2023		2022
	No.	£	No.	£
Ordinary share of £0.01 each	858,230	8,582	858,230	8,582

8	Related party transactions

Yarwood 2000 Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Dividends paid to the director

		2023 £		2022 £
Mr John Lewis Nicholls
Interim dividend paid		190,000		90,000