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REGISTERED NUMBER: 02898083 (England and Wales)












YOUTH OPTIONS CENTRES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






YOUTH OPTIONS CENTRES LIMITED (REGISTERED NUMBER: 02898083)

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


YOUTH OPTIONS CENTRES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr I Stickland
Ms C Horrill
Mr R J Perry





SECRETARY: Ms M R Durie





REGISTERED OFFICE: Suite 3
Crescent House
The Crescent
Eastleigh
Hampshire
SO50 9SX





REGISTERED NUMBER: 02898083 (England and Wales)

YOUTH OPTIONS CENTRES LIMITED (REGISTERED NUMBER: 02898083)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 10,644 28,319
Cash at bank and in hand 4,618 25,767
15,262 54,086
CREDITORS
Amounts falling due within one year 6 (15,214 ) (54,038 )
NET CURRENT ASSETS 48 48
TOTAL ASSETS LESS CURRENT
LIABILITIES

48

48

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 45 45
48 48

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 23 October 2023 and were signed on its behalf by:





Ms C Horrill - Director


YOUTH OPTIONS CENTRES LIMITED (REGISTERED NUMBER: 02898083)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Youth Options Centres 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 "The Financial Reporting Standards 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 GBP which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. The company recognises revenue when the company is legally entitled to the income and it can be reliably measured.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

YOUTH OPTIONS CENTRES LIMITED (REGISTERED NUMBER: 02898083)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 22 ) .

4. AUDITORS' REMUNERATION

Total auditors' remuneration for the year was £2,500 (2022: £3,780). Included within this is remuneration for the audit of £1,500 (2022: £2,748) and remuneration for non-audit services of £1,000 (2022: £1,032).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,522 17,090
Amounts owed by group undertakings - 5,060
Other debtors 3,122 6,169
10,644 28,319

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,410 4,658
Amounts owed to group undertakings 6,548 -
Other creditors 4,256 49,380
15,214 54,038

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 120 705
Between one and five years 480 2,820
In more than five years 361 17,990
961 21,515

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michaela Johns FCCA (Senior Statutory Auditor)
for and on behalf of Hopper Williams & Bell Limited

YOUTH OPTIONS CENTRES LIMITED (REGISTERED NUMBER: 02898083)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Youth Options, a charitable company incorporated in the UK (Suite 3, Crescent House, The Crescent, Eastleigh, Hampshire, SO50 9SX), which owns 100% of the share capital in the company.