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REGISTERED NUMBER: 11942356 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Ylang Ltd

Ylang Ltd (Registered number: 11942356)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ylang Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs E M Fernandez-Prados
R Fernandez-Prados





REGISTERED OFFICE: 80 - 83 Long Lane
London
London
EC1A 9ET





REGISTERED NUMBER: 11942356 (England and Wales)





ACCOUNTANTS: Cowan & Partners Limited
60 Constitution Street
Edinburgh
EH6 6RR

Ylang Ltd (Registered number: 11942356)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes €    €    €    €   
FIXED ASSETS
Tangible assets 4 941,417 951,155
Investments 5 5,551,588 5,551,588
6,493,005 6,502,743

CURRENT ASSETS
Debtors 6 23,533 107,710
Investments 7 4,572,402 2,971,110
Cash at bank 961,989 1,992,268
5,557,924 5,071,088
CREDITORS
Amounts falling due within one year 8 15,724 5,269
NET CURRENT ASSETS 5,542,200 5,065,819
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,035,205

11,568,562

CAPITAL AND RESERVES
Called up share capital 12,302,098 12,302,098
Retained earnings (266,893 ) (733,536 )
12,035,205 11,568,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Ylang Ltd (Registered number: 11942356)

Balance Sheet - continued
31 December 2023


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 17 April 2024 and were signed on its behalf by:





Mrs E M Fernandez-Prados - Director


Ylang Ltd (Registered number: 11942356)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Ylang Ltd 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.

The presentation currency of the financial statements is the Euro (€).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from services rendered is recognised by reference to the stage of completion at the balance sheet date.

Interest and dividends receivable
Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into euros at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into euros at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Ylang Ltd (Registered number: 11942356)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Listed investments
Listed investments are recognised at market value and revalued annually at the balance sheet date. Any gain or loss in revaluation is recognised in the profit & loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
€    €    €   
COST
At 1 January 2023 885,000 88,981 973,981
Additions - 11,061 11,061
At 31 December 2023 885,000 100,042 985,042
DEPRECIATION
At 1 January 2023 - 22,826 22,826
Charge for year - 20,799 20,799
At 31 December 2023 - 43,625 43,625
NET BOOK VALUE
At 31 December 2023 885,000 56,417 941,417
At 31 December 2022 885,000 66,155 951,155

No indicators of impairment were noted in the year.

5. FIXED ASSET INVESTMENTS
Other
investments
€   
COST
At 1 January 2023
and 31 December 2023 5,551,588
NET BOOK VALUE
At 31 December 2023 5,551,588
At 31 December 2022 5,551,588

No indicators of impairment were noted in the year.

Ylang Ltd (Registered number: 11942356)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
€    €   
Other debtors 23,533 107,710

7. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
€    €   
Listed investments 4,572,402 2,971,110

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
€    €   
Taxation and social security 12,263 1,887
Other creditors 3,461 3,382
15,724 5,269