Company Registration No. 13719240 (England and Wales)
YGO INVESTMENTS LTD
Unaudited accounts
for the year ended 30 November 2023
YGO INVESTMENTS LTD
Unaudited accounts
Contents
YGO INVESTMENTS LTD
Company Information
for the year ended 30 November 2023
Directors
G Bamberger
J Bamberger
Company Number
13719240 (England and Wales)
Registered Office
15 ALBA GARDENS
LONDON
NW11 9NS
ENGLAND
Accountants
SQK Accountancy Limited
275 Deansgate
Manchester
North West England
M3 4EL
YGO INVESTMENTS LTD
Accountants' report
Accountants' report to the board of directors of YGO INVESTMENTS LTD on the preparation of the unaudited statutory accounts for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
YGO INVESTMENTS LTD for the year ended
30 November 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of YGO INVESTMENTS LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of YGO INVESTMENTS LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than YGO INVESTMENTS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that YGO INVESTMENTS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of YGO INVESTMENTS LTD. You consider that YGO INVESTMENTS LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of YGO INVESTMENTS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
SQK Accountancy Limited
275 Deansgate
Manchester
North West England
M3 4EL
6 January 2024
YGO INVESTMENTS LTD
Statement of financial position
as at 30 November 2023
Investment property
550,000
201,460
Cash at bank and in hand
18,307
51,548
Creditors: amounts falling due within one year
(314,116)
(154,493)
Net current liabilities
(219,352)
(28,008)
Total assets less current liabilities
330,648
173,452
Creditors: amounts falling due after more than one year
(163,761)
(163,761)
Called up share capital
100
100
Revaluation reserve
151,503
-
Profit and loss account
15,284
9,591
Shareholders' funds
166,887
9,691
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2024 and were signed on its behalf by
G Bamberger
Director
Company Registration No. 13719240
YGO INVESTMENTS LTD
Notes to the Accounts
for the year ended 30 November 2023
YGO INVESTMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 13719240. The registered office is 15 ALBA GARDENS, LONDON, NW11 9NS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 December 2022
201,460
Net gain from fair value adjustments
151,503
At 30 November 2023
550,000
Amounts falling due within one year
Other debtors
76,457
74,937
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,702
2,250
Other creditors
312,414
152,243
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
163,761
163,761
Aggregate of amounts that fall due for payment after five years
-
163,761
The amount of £163,761 is secured against the properties owned by the company.
YGO INVESTMENTS LTD
Notes to the Accounts
for the year ended 30 November 2023
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).