Acorah Software Products - Accounts Production 15.0.400 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 05312201 B M Alegre-Wood YPC Group Holdings Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05312201 2022-12-31 05312201 2023-12-31 05312201 2023-01-01 2023-12-31 05312201 frs-core:CurrentFinancialInstruments 2023-12-31 05312201 frs-core:ShareCapital 2023-12-31 05312201 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05312201 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05312201 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05312201 frs-bus:SmallEntities 2023-01-01 2023-12-31 05312201 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05312201 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05312201 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 05312201 frs-bus:OrdinaryShareClass1 2023-12-31 05312201 1 2023-01-01 2023-12-31 05312201 frs-bus:Director1 2023-01-01 2023-12-31 05312201 frs-countries:EnglandWales 2023-01-01 2023-12-31 05312201 2021-12-31 05312201 2022-12-31 05312201 2022-01-01 2022-12-31 05312201 frs-core:CurrentFinancialInstruments 2022-12-31 05312201 frs-core:ShareCapital 2022-12-31 05312201 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 05312201 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31
Registered number: 05312201
YPC Group Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountants' Report
In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 December 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. 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 financial statements.
Signed
12/08/2024
Exceed Accountants Limited
Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ
Page 1
Page 2
Balance Sheet
Registered number: 05312201
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 51,236 51,093
Cash at bank and in hand 234 121
51,470 51,214
Creditors: Amounts Falling Due Within One Year 5 (1,442,663 ) (1,438,854 )
NET CURRENT ASSETS (LIABILITIES) (1,391,193 ) (1,387,640 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,391,193 ) (1,387,640 )
NET LIABILITIES (1,391,193 ) (1,387,640 )
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account (1,391,194 ) (1,387,641 )
SHAREHOLDERS' FUNDS (1,391,193) (1,387,640)
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Page 3
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
B M Alegre-Wood
Director
12/08/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
YPC Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05312201 . The registered office is Ground Floor Marlborough House, 298 Regents Park Road, London, N3 2SZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.
2.3. 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.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Debtors
2023 2022
£ £
Due within one year
Other debtors 46,090 46,300
VAT 5,146 4,793
51,236 51,093
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Page 5
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,908 -
Other creditors 77,422 75,671
Accruals and deferred income 1,680 1,680
Director's loan account 34,860 34,860
Amounts owed to group undertakings 1,326,793 1,326,643
1,442,663 1,438,854
6. Share Capital
2023 2022
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1 each 1 1
7. Ultimate Controlling Party
The company's ultimate controlling party is YPC Group Holdings Limited, by virtue of it's ownership of 100% of the issued share capital in the company.
8. Taxation
The company has carried forward tax losses of £6,626 (2022 - £3,073) which it can use against future taxable profits.
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