Registered number
09505940
YY&I LIMITED
Unaudited Filleted Accounts
31 March 2022
YY&I LIMITED
Registered number: 09505940
Balance Sheet
as at 31 March 2022
Notes 2022 2021
£ £
Fixed assets
Investments 3 362,130 357,130
Current assets
Debtors 4 82,900 95,500
Cash at bank and in hand 10,925 958
93,825 96,458
Creditors: amounts falling due within one year 5 (49,419) (69,384)
Net current assets 44,406 27,074
Total assets less current liabilities 406,536 384,204
Creditors: amounts falling due after more than one year 6 (292,119) (288,887)
Net assets 114,417 95,317
Capital and reserves
Called up share capital 1 1
Profit and loss account 114,416 95,316
Shareholder's funds 114,417 95,317
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr T Bhad
Director
Approved by the board on 15 July 2022
YY&I LIMITED
Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the rent received or receivable.
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 0 0
3 Investments
Investment
property
£
Cost
At 1 April 2021 357,130
Additions 5,000
At 31 March 2022 362,130
4 Debtors 2022 2021
£ £
Amounts due from Associated companies 82,900 95,500
5 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 1,073 50,000
Taxation and social security costs 9,705 7,735
Other creditors 38,641 11,649
49,419 69,384
6 Creditors: amounts falling due after one year 2022 2021
£ £
Amounts due to Associated Companies 134,000 134,100
Other creditors 158,119 154,787
292,119 288,887
7 Other information
YY&I LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Mehmuda House 212c
Romford Road
London
E7 9HY
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