Yelkar Limited - Accounts to registrar (filleted) - small 23.2.5

Yelkar Limited - Accounts to registrar (filleted) - small 23.2.5


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REGISTERED NUMBER: 02181085 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 March 2023

for

Yelkar Limited

Yelkar Limited (Registered number: 02181085)






Contents of the Financial Statements
for the Year Ended 30 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Yelkar Limited

Company Information
for the Year Ended 30 March 2023







DIRECTORS: Mr M A Kaiser
Mrs S A M Varey
Mr D J Varey
Mrs R Kaiser





SECRETARY: Mr M A Kaiser





REGISTERED OFFICE: C/o Chesterton House Accounting Services
2-3 Rectory Place
Loughborough
Leicestershire
LE11 1UW





REGISTERED NUMBER: 02181085 (England and Wales)





ACCOUNTANTS: Chesterton House Accounting Services LLP
2-3 Rectory Place
Loughborough
Leicestershire
LE11 1UW

Yelkar Limited (Registered number: 02181085)

Balance Sheet
30 March 2023

30.3.23 30.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,889 3,110
Investments 5 2,892,821 2,948,791
Investment property 6 1,130,825 1,071,531
4,025,535 4,023,432

CURRENT ASSETS
Debtors 7 10,211 20,875
Cash at bank and in hand 318,209 367,900
328,420 388,775
CREDITORS
Amounts falling due within one year 8 35,366 22,582
NET CURRENT ASSETS 293,054 366,193
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,318,589

4,389,625

PROVISIONS FOR LIABILITIES 359 591
NET ASSETS 4,318,230 4,389,034

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 133,246 83,588
Retained earnings 4,184,884 4,305,346
4,318,230 4,389,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2023 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.

Yelkar Limited (Registered number: 02181085)

Balance Sheet - continued
30 March 2023


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 30 September 2023 and were signed on its behalf by:





Mr D J Varey - Director


Yelkar Limited (Registered number: 02181085)

Notes to the Financial Statements
for the Year Ended 30 March 2023

1. STATUTORY INFORMATION

Yelkar 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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.

Yelkar Limited (Registered number: 02181085)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 March 2022
and 30 March 2023 24,691
DEPRECIATION
At 31 March 2022 21,581
Charge for year 1,221
At 30 March 2023 22,802
NET BOOK VALUE
At 30 March 2023 1,889
At 30 March 2022 3,110

5. INVESTMENTS

30.3.23 30.3.22
£    £   
Other investments not loans 523,507 550,892
Other loans 2,369,314 2,397,899
2,892,821 2,948,791

Additional information is as follows:
Other
investment
£   
COST OR VALUATION
At 31 March 2022 550,892
Additions 74
Disposals (5 )
Revaluations (27,454 )
At 30 March 2023 523,507
NET BOOK VALUE
At 30 March 2023 523,507
At 30 March 2022 550,892

Yelkar Limited (Registered number: 02181085)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

5. INVESTMENTS - continued

Cost or valuation at 30 March 2023 is represented by:

Other
investment
£   
Valuation in 2023 523,507
Other
loans
£   
At 31 March 2022 2,397,899
New in year 73,915
Repayment in year (102,500 )
At 30 March 2023 2,369,314

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 March 2022 1,071,531
Additions 10,825
Revaluations 48,469
At 30 March 2023 1,130,825
NET BOOK VALUE
At 30 March 2023 1,130,825
At 30 March 2022 1,071,531

Fair value at 30 March 2023 is represented by:
£   
Valuation in 2023 1,130,825

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 30.3.22
£    £   
Other debtors 10,211 20,875

Yelkar Limited (Registered number: 02181085)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 30.3.22
£    £   
Trade creditors 8,772 8,772
Taxation and social security (27 ) 3,409
Other creditors 26,621 10,401
35,366 22,582

9. RESERVES
Fair
value
reserve
£   
At 31 March 2022 83,588
Movements in fair value
reserve 49,658

At 30 March 2023 133,246