YOUNG ASSOCIATES LIMITED

Company Registration Number:
03164279 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

YOUNG ASSOCIATES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

YOUNG ASSOCIATES LIMITED

Company Information

for the Period Ended 31 December 2023




Director: S J Alberga
Y Kurtzbard
Secretary: S J Alberga
Registered office: 100
Marylebone Road
London
NW1 5DX
Company Registration Number: 03164279 (England and Wales)

YOUNG ASSOCIATES LIMITED

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 3,707 1,105
Total fixed assets: 3,707 1,105
Current assets
Debtors: 4,960 12,481
Cash at bank and in hand: 68,511 83,375
Total current assets: 73,471 95,856
Creditors: amounts falling due within one year: ( 67,805 ) ( 69,820 )
Net current assets (liabilities): 5,666 26,036
Total assets less current liabilities: 9,373 27,141
Accruals and deferred income: ( 1,250 ) ( 1,430 )
Total net assets (liabilities): 8,123 25,711

The notes form part of these financial statements

YOUNG ASSOCIATES LIMITED

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 260,667 260,667
Profit and loss account: ( 252,544 ) ( 234,956 )
Shareholders funds: 8,123 25,711

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 11 April 2024
And Signed On Behalf Of The Board By:

Name: S J Alberga
Status: Director

Name: Y Kurtzbard
Status: Director

The notes form part of these financial statements

YOUNG ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

    Tangible fixed assets depreciation policy

    Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

    Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over estimated useful lives on the following bases:

    Fixtures and Fittings 20% straight line

    The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the statement of income.

YOUNG ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 4 4

YOUNG ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

YOUNG ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 22,632
Additions 3,650
Disposals -
Revaluations -
Transfers -
At 31 December 2023 26,282
Depreciation
At 01 January 2023 21,527
Charge for year 1,048
On disposals -
Other adjustments -
At 31 December 2023 22,575
Net book value
At 31 December 2023 3,707
At 31 December 2022 1,105

YOUNG ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5.1.Related party disclosures

Name of related party: Micad Investment Holdings Limited
Description of relationship:
Messrs Alberga and Kurtzbard are both board members and shareholders.
Description of the transaction:
Fees and rechargeable expenses charged by Young Associates Limited to Micad Investment Holdings Limited. The directors believe that these transactions were on the same commercial arms' length basis as all other transactions, undertaken by the company.
Balance at 01 January 2023 0
Balance at 31 December 2023 0