YELLOW CARD HOLDINGS UK LIMITED

Company Registration Number:
14208551 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 July 2022

End date: 31 December 2023

YELLOW CARD HOLDINGS UK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

YELLOW CARD HOLDINGS UK LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The principal activity of the company is to serve as a holding company.



Directors

The directors shown below have held office during the whole of the period from
1 July 2022 to 31 December 2023

Christopher George Maurice
Justin Bernard Poiroux
Craig Anthony Stoehr


Secretary Craig Anthony Stoehr

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 April 2024

And signed on behalf of the board by:
Name: Craig Anthony Stoehr
Status: Secretary

YELLOW CARD HOLDINGS UK LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

18 months to 31 December 2023


£
Turnover: 0
Cost of sales: 0
Gross profit(or loss): 0
Distribution costs: 0
Administrative expenses: ( 218 )
Other operating income: 0
Operating profit(or loss): (218)
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: (218)
Tax: 0
Profit(or loss) for the financial year: (218)

YELLOW CARD HOLDINGS UK LIMITED

Balance sheet

As at 31 December 2023

Notes 18 months to 31 December 2023


£
Called up share capital not paid: 0
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments: 3 995
Total fixed assets: 995
Current assets
Stocks:   0
Debtors: 4 1,000
Cash at bank and in hand: 0
Investments:   0
Total current assets: 1,000
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 5 ( 1,213 )
Net current assets (liabilities): (213)
Total assets less current liabilities: 782
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 782
Capital and reserves
Called up share capital: 1,000
Share premium account: 0
Profit and loss account: (218 )
Total Shareholders' funds: 782

The notes form part of these financial statements

YELLOW CARD HOLDINGS UK LIMITED

Balance sheet statements

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.

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 30 April 2024
and signed on behalf of the board by:

Name: Christopher George Maurice
Status: Director

The notes form part of these financial statements

YELLOW CARD HOLDINGS UK 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

    Revenue from contracts with customersRevenue recognitionThe company recognises revenue from contracts with customers through the following steps:- Identification of the contract, or contracts, with the customer;- Identification of the performance obligations in the contract;- Determination of the transaction price;- Allocation of the transaction price to the performance obligations in the contract; and- Recognition of the revenue when, or as, the Company satisfies a performance obligation.

    Tangible fixed assets depreciation policy

    All categories of property and equipment are initially recognised at cost and subsequently carried at cost less accumulateddepreciation and accumulated impairment losses, if any. Cost includes expenditure directly attributable to the acquisition ofthe assets. Computer software, including the operating system, that is an integral part of the related hardware is capitalisedas part of the computer equipment.Subsequent costs are included in the asset's carrying amount or recognised as a separate asset, as appropriate, only whenit is probable that it will increase the future economic benefits associated with the item that will flow to the company overthose originally assessed and the cost of the item can be measured reliably. Repairs and maintenance expenses arecharged to the profit and loss account in the year in which they are incurred.Depreciation is calculated on a straight line basis over the estimated useful lives of the assets as follows:Rate: Computers and equipment 25%Each part of an item of property and equipment with a cost that is significant in relation to the total cost of the item, isdepreciated separately.The assets' residual values and useful lives are reviewed, and adjusted if appropriate, at each balance sheet date.Gains and losses on disposal of property and equipment are determined by reference to their carrying amount and are takeninto account in determining operating profit. On disposal of revalued assets, amounts in the revaluation surplus reserverelating to that asset are transferred to retained earnings.

    Other accounting policies

    2 Significant accounting policiesThe principal accounting policies adopted 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(a) Basis of preparationThe financial statements have been prepared in accordance with International Financial Reporting Standards (IFRSs) as issuedby the International Accounting Standards Board (IASB). The financial statements are presented in the functional currency,British Pounds and have been prepared on the historical cost basis of accounting. The principal accounting policiesadopted in the preparation of these financial statements are set out below.The company has prepared the financial statements on the basis that it will continue to operate as a going concern.For purposes of reporting under the Companies Act 2006 the balance sheet in these financial statements is represented by the statement of financial position and the profit and loss account is represented by the statement of comprehensive income.2(b) Significant accounting judgements, estimates, and assumptionsThe preparation of the company’s financial statements in conformity with IFRS requires management to make judgements,estimates, and assumptions not readily apparent from other sources, that affect the reported amounts of assets, liabilities, andcontingent liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reportingperiod. Estimates and assumptions are continuously evaluated and are based on management’s experience and other factors,including expectations of future events that are believed to be reasonable under the circumstances. Revisions to estimates arerecognised prospectively. However, actual outcomes can differ from these estimates.The most significant use of judgment, estimates and assumptions are as follows:Useful lives of property, plant and equipmentDirectors make estimates in determining the depreciation rates for property and equipment. The rates used are set out in theaccounting policies 2(e) below.These estimates are continually evaluated and are based on historical experience and other factors, including expectations offuture events that are believed to be reasonable under the prevailing circumstances.TaxesDeferred tax assets are recognised for unused tax losses to the extent that it is probable that taxable profit will be availableagainst which the losses can be utilised. Significant management judgement is required to determine the amount of deferred taxassets that can be recognised, based upon the likely timing and the level of future taxable profits, together with future taxplanning strategies.2(c) Current versus non-current classificationThe company presents assets and liabilities in the statement of financial position based on current/noncurrentclassification. An asset is current when it is:- Expected to be realised or intended to be sold or consumed in the normal operating cycle- Held primarily for the purpose of trading- Expected to be realised within twelve months after the reporting periodOr- Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at leasttwelve months after the reporting periodAll other assets are classified as non-current.A liability is current when:- It is expected to be settled in the normal operating cycle- It is held primarily for the purpose of trading- It is due to be settled within twelve months after the reporting periodOr- There is no unconditional right to defer the settlement of the liability for at least twelve months after thereporting periodThe terms of the liability that could, at the option of the counterparty, result in its settlement by the issue ofequity instruments do not affect its classification.The company classifies all other liabilities as non-current.Deferred tax assets and liabilities are classified as non-current assets and liabilities.2(f) Income taxThe tax expense for the period comprises current and deferred income tax. Tax is recognised in profit or loss, except to theextent that it relates to items recognised in other comprehensive income or directly in equity. In this case, the tax is alsorecognised in other comprehensive income or directly in equity respectively.Current income taxThe current income tax charge is calculated on the basis of the tax enacted or substantively enacted at the reporting date.The directors periodically evaluate positions taken in tax returns with respect to situations in which applicable tax regulationis subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to thetax authorities.Current tax assets and liabilities are offset when the entity has a legally enforceable right to offset and intends either to settleon a net basis or to realise the asset and settle the liability simultaneously.Deferred income taxDeferred income tax is recognised, using the liability method, on temporary differences arising between the tax bases ofassets and liabilities and their carrying amounts in the financial statements. However, deferred income tax is not accountedfor if it arises from initial recognition of an asset or liability in a transaction other than a business combination that at the timeof the transaction affects neither accounting nor taxable profit nor loss. Deferred income tax is determined using tax rates(and laws) that have been enacted or substantively enacted at the reporting date and are expected to apply when therelated deferred income tax asset is realised or the deferred income tax liability is settled.Deferred income tax assets are recognised only to the extent that it is probable that future taxable profits will be availableagainst which the temporary differences can be utilised.Deferred income tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assetsagainst current tax liabilities and when the deferred income taxes assets and liabilities relate to income taxes levied by thesame taxation authority.2(g) Financial instruments (continued)PresentationAll financial assets are classified as non-current except those with maturities of less than 12 months from the balancesheet date, those which management has the express intention of holding for less than 12 months from the balancesheet date or those that are required to be sold to raise operating capital, in which case they are classified as currentassets.All financial liabilities are classified as non-current except, those expected to be settled in the company's normaloperating cycle, those payable or expected to be paid within 12 months of the balance sheet date and those whichthe company does not have an unconditional right to defer settlement for at least 12 months after the financialreporting date.Derecognition/write offFinancial assets are derecognised when the rights to receive cash flows from the financial asset have expired, whenthe Company has transferred substantially all risks and rewards of ownership, or when the company has noreasonable expectations of recovering the asset.Financial liabilities are derecognised only when the obligation specified in the contract is discharged or cancelled orexpires.2(h) Employee benefitsRetirement benefit obligationsThe company and all its permanent employees also contribute to the National Social Security Fund, which is adefined contribution plan.A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity.The company has no legal or constructive obligations to pay further contributions if the fund does not hold sufficientassets to pay all employees the benefits relating to employee service in the current and prior periods.The company’s contributions to the defined contribution schemes are recognised as an employee benefit expensewhen they fall due. The company has no further payment obligations once the contributions have been paid.Other entitlementsThe estimated monetary liability for employees’ accrued annual leave entitlement at the reporting date is recognisedas an expense accrual.2(i) Financial instrumentsInitial recognitionFinancial instruments are recognised when, and only when, the company becomes party to the contractual provisions of theinstrument. All financial assets are recognised initially using the trade date accounting which is the date the companycommits itself to the purchase or sale.ClassificationThe company classifies its financial instruments into the following categories:- Financial assets that are held within a business model whose objective is to hold assets in order to collect contractual cashflows, and for which the contractual terms of the financial asset give rise on specified dates to cash flows that are solelypayments of principal and interest on the principal amount outstanding, are classified and measured at amortised cost; and- All financial liabilities are classified and measured at amortised cost.Financial instruments held during the period were classified as follows:- Trade and other receivables, and cash and cash equivalents were classified as at amortised cost; and- Trade and other payables were classified as at amortised cost.Initial measurementTrade receivables and cash and cash equivalents are measured at their transaction price.Subsequent measurementFinancial assets and financial liabilities after initial recognition are measured at amortised cost. Interest income andexchange gains and losses on monetary items are recognised in profit or loss.ImpairmentThe Company recognises a loss allowance for expected credit losses on receivables that are measured at amortised cost.The loss allowance is measured at an amount equal to the lifetime expected credit losses for trade receivables and forfinancial instruments for which: (a) the credit risk has increased significantly since initial recognition; or (b) there isobservable evidence of impairment (a credit-impaired financial asset). If, at the reporting date, the credit risk on a financialasset other than a trade receivable has not increased significantly since initial recognition, the loss allowance is measuredfor that financial instrument at an amount equal to 12-month expected credit losses. All changes in the loss allowance arerecognised in profit or loss as impairment gains or losses.Lifetime expected credit losses represent the expected credit losses that result from all possible default events over theexpected life of a financial instrument. 12-month expected credit losses represent the portion of lifetime expected creditlosses that result from default events on a financial asset that are possible within 12 months after the reporting date.Expected credit losses are measured in a way that reflects an unbiased and probability-weighted amount determined byevaluating a range of possible outcomes, the time value of money, and reasonable and supportable information that isavailable without undue cost or effort at the reporting date about past events, current conditions and forecasts of futureeconomic conditions.2(j) Cash and cash equivalentsCash and cash equivalents include cash in hand and demand and term deposits, with maturities of three months orless from the date of acquisition, that are readily convertible to known amounts of cash and which are subject to aninsignificant risk of changes in value, net of bank overdrafts. In the balance sheet, bank overdrafts are included asborrowings under current liabilities.2(k) Share capitalOrdinary shares are recognised at par value and classified as 'share capital' in equity. Any amounts received over andabove the par value of the shares issued are classified as 'share premium' in equity.

YELLOW CARD HOLDINGS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    18 months to 31 December 2023
    Average number of employees during the period 0

YELLOW CARD HOLDINGS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Fixed assets investments note

Investment in Subsidiaryadditions during the period: £995

YELLOW CARD HOLDINGS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

18 months to 31 December 2023
£
Other debtors 1,000
Total 1,000

YELLOW CARD HOLDINGS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

18 months to 31 December 2023
£
Other creditors 1,213
Total 1,213

YELLOW CARD HOLDINGS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Financial Commitments

(15) Capital commitmentsThe company has no capital commitments, whether authorised and contracted or authorised and notcontracted.