Registered number
07374435
YANTLET HOLDINGS LTD
Filleted Accounts
28 February 2023
YANTLET HOLDINGS LTD
Registered number: 07374435
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 45,000 45,000
Current assets
Debtors 4 8,850 8,850
Cash at bank and in hand 11,228 11,655
20,078 20,505
Creditors: amounts falling due within one year 5 (4,142) (5,382)
Net current assets 15,936 15,123
Net assets 60,936 60,123
Capital and reserves
Called up share capital 100 100
Profit and loss account 60,836 60,023
Shareholders' funds 60,936 60,123
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Sadie Colyer
Director
Approved by the board on 24 October 2023
YANTLET HOLDINGS LTD
Notes to the Accounts
for the year ended 28 February 2023
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).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings At Cost
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2022 45,000
At 28 February 2023 45,000
Depreciation
At 28 February 2023 -
Net book value
At 28 February 2023 45,000
At 28 February 2022 45,000
4 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 8,850 8,850
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 360 -
Corporation tax 385 194
Other creditors 3,397 5,188
4,142 5,382
6 Other information
YANTLET HOLDINGS LTD is a private company limited by shares and incorporated in England. Its registered office is:
2 Oast Cottages North Street
Sheldwich
Faversham
Kent
ME13 OLS
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