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REGISTERED NUMBER: 06928317 (England and Wales)















Yieldcroft Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






Yieldcroft Limited (Registered number: 06928317)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Yieldcroft Limited

Company Information
for the year ended 31 March 2023







Directors: E D Thomson
M K Wilson





Secretary: M K Wilson





Registered office: 13b Stratford Road
London
W8 6RF





Registered number: 06928317 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP

Yieldcroft Limited (Registered number: 06928317)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Investments 4 205,258 205,258

Current assets
Cash at bank 1,712 25,049

Creditors
Amounts falling due within one year 5 198,268 222,353
Net current liabilities (196,556 ) (197,304 )
Total assets less current liabilities 8,702 7,954

Capital and reserves
Called up share capital 6 501 501
Capital redemption reserve 250 250
Retained earnings 7,951 7,203
8,702 7,954

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:





M K Wilson - Director


Yieldcroft Limited (Registered number: 06928317)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

Yieldcroft 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

Accounting convention
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Hence the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

The company meets its day to day working capital requirements through the continued support of the subsidiary company Mountgrange Heritage Limited.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any accumulated impairment losses.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Fixed asset investments
Interests in the subsidiary company are measured at cost less any accumulated impairment losses.

Yieldcroft Limited (Registered number: 06928317)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


2. Accounting policies - continued

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in bank and hand.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 April 2022
and 31 March 2023 205,258
Net book value
At 31 March 2023 205,258
At 31 March 2022 205,258

5. Creditors: amounts falling due within one year
2023 2022
£ £
Amounts owed to group undertakings 196,768 195,843
Other creditors 1,500 26,510
198,268 222,353

6. Called up share capital

2022 2021 2022 2021
Ordinary share capital Number Number £    £   
Issued and fully paid
AE ordinary shares of £1 each 1 1 1 1
B ordinary shares of £1 each 250 250 250 250
C ordinary shares of £1 each 250 250 250 250
D ordinary shares of £1 each - 125 - 125
501 626 501 626

7. Directors' advances, credits and guarantees

Included in other creditors at the year end was £nil (2022 - £24,159) owed to the directors and shareholders.

8. Related party disclosures

Included in creditors at the year end was £196,768 (2022 - £195,843) owed to a wholly owned subsidiary.