Registered number
08690633
Yaleinu Limited
Filleted Accounts
31 December 2022
H J Pinczewski & Co.
Chartered Certified Accountants
Rico House
George Street
Unit 6 Lower Ground Floor
Prestwich, Manchester
M25 9WS
Yaleinu Limited
Registered number: 08690633
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Current assets
Debtors 3 72,543 76,503
Cash at bank and in hand 233 190
72,776 76,693
Creditors: amounts falling due within one year 4 (8,393) (9,607)
Net current assets 64,383 67,086
Total assets less current liabilities 64,383 67,086
Creditors: amounts falling due after more than one year 5 (39,286) (40,493)
Net assets 25,097 26,593
Capital and reserves
Called up share capital 100 100
Profit and loss account 24,997 26,493
Shareholder's funds 25,097 26,593
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.
David Josrph Stross
Director
Approved by the board on 15 September 2023
Yaleinu Limited
Notes to the Accounts
for the year ended 31 December 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 consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 1 2
3 Debtors 2022 2021
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 72,443 76,403
Other debtors 100 100
72,543 76,503
4 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 5,621 9,507
Amounts owed to group undertakings and undertakings in which the company has a participating interest 2,597 100
Other creditors 175 -
8,393 9,607
5 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 39,286 40,493
Other creditors - -
39,286 40,493
The bank loan is secured to Lloyds Bank plc by a fixed and floating charge on the company's
assets and the leasehold property Heywood Shopping Centre Church Place Heywood OL10 1LP
dated 20 February 2014.
6 Controlling party
The company is under the control of Amasai Limited by virtue of their controlling interest.
7 Other information
Yaleinu Limited is a private company limited by shares and incorporated in England. Its registered office is:
Birkby House
Birkby Lane
Baliff Bridge
Brighouse
HD6 4JJ
8 Company details
The company was formerly known as That Space (Heywood) LTD. It changed its name to
That Space (Halifax) LTD on 9 Novemebr 2022 and to its current name Yaleinu Limited on
17 Januaru 2023.
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