YAS Falcons Limited 11308465 false 2022-04-29 2023-04-28 2023-04-28 The principal activity of the company is breeding and distribution of falconidae Digita Accounts Production Advanced 6.30.9574.0 true 11308465 2022-04-29 2023-04-28 11308465 2023-04-28 11308465 bus:OrdinaryShareClass1 2023-04-28 11308465 bus:OrdinaryShareClass2 2023-04-28 11308465 core:CurrentFinancialInstruments 2023-04-28 11308465 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-28 11308465 core:FurnitureFittings 2023-04-28 11308465 core:OfficeEquipment 2023-04-28 11308465 core:OtherPropertyPlantEquipment 2023-04-28 11308465 core:PlantMachinery 2023-04-28 11308465 bus:SmallEntities 2022-04-29 2023-04-28 11308465 bus:AuditExemptWithAccountantsReport 2022-04-29 2023-04-28 11308465 bus:FilletedAccounts 2022-04-29 2023-04-28 11308465 bus:SmallCompaniesRegimeForAccounts 2022-04-29 2023-04-28 11308465 bus:RegisteredOffice 2022-04-29 2023-04-28 11308465 bus:Director1 2022-04-29 2023-04-28 11308465 bus:Director2 2022-04-29 2023-04-28 11308465 bus:OrdinaryShareClass1 2022-04-29 2023-04-28 11308465 bus:OrdinaryShareClass2 2022-04-29 2023-04-28 11308465 bus:PrivateLimitedCompanyLtd 2022-04-29 2023-04-28 11308465 core:FurnitureFittings 2022-04-29 2023-04-28 11308465 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2022-04-29 2023-04-28 11308465 core:OfficeEquipment 2022-04-29 2023-04-28 11308465 core:OtherPropertyPlantEquipment 2022-04-29 2023-04-28 11308465 core:PlantMachinery 2022-04-29 2023-04-28 11308465 countries:EnglandWales 2022-04-29 2023-04-28 11308465 2022-04-28 11308465 core:FurnitureFittings 2022-04-28 11308465 core:OfficeEquipment 2022-04-28 11308465 core:OtherPropertyPlantEquipment 2022-04-28 11308465 core:PlantMachinery 2022-04-28 11308465 2021-04-29 2022-04-28 11308465 2022-04-28 11308465 bus:OrdinaryShareClass1 2022-04-28 11308465 bus:OrdinaryShareClass2 2022-04-28 11308465 core:CurrentFinancialInstruments 2022-04-28 11308465 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-28 11308465 core:FurnitureFittings 2022-04-28 11308465 core:OfficeEquipment 2022-04-28 11308465 core:OtherPropertyPlantEquipment 2022-04-28 11308465 core:PlantMachinery 2022-04-28 iso4217:GBP xbrli:pure xbrli:shares

Company registration number: 11308465 (England and Wales)

YAS Falcons Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 April 2023

 

YAS Falcons Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

YAS Falcons Limited

Company Information

Directors

H K F S Alhameli

M J Taylor

Registered office

4 Maple Way
Aycliffe Business Park
Newton Aycliffe
DL5 6BF

 

YAS Falcons Limited

(Registration number: 11308465)
Balance Sheet as at 28 April 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

197,564

168,008

Current assets

 

Debtors

5

76,620

112,570

Cash at bank and in hand

 

34,167

2,047

 

110,787

114,617

Creditors: Amounts falling due within one year

6

(357,289)

(279,294)

Net current liabilities

 

(246,502)

(164,677)

Total assets less current liabilities

 

(48,938)

3,331

Provisions for liabilities

(11,049)

(11,049)

Net liabilities

 

(59,987)

(7,718)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(60,087)

(7,818)

Shareholders' deficit

 

(59,987)

(7,718)

For the financial year ending 28 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 August 2024 and signed on its behalf by:
 

.........................................
M J Taylor
Director

 

YAS Falcons Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Maple Way
Aycliffe Business Park
Newton Aycliffe
DL5 6BF
England

These financial statements were authorised for issue by the Board on 12 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the subsidiary qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group..

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

YAS Falcons Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 April 2023

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

25% reducing balance

Computers

25% straight line

Hen pecks and aviaries

25% reducing balance

 

YAS Falcons Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 April 2023

Biological assets

Biological assets are recognised only when three recognition criteria have been fulfilled:
• the entity has control over the asset as a result of past events;
• it is probable that future economic benefits associated with the asset will flow to the entity; and
• the fair value or cost of the asset can be measured reliably.

Where the company opts to measure a biological asset under the fair value model on initial recognition it must
carry the asset at fair value at each reporting date. Changes in fair value less costs to sell are recognised in
profit or loss.

Where the company opts to measure agricultural produce harvested from the biological asset it is measured
at fair value less costs to sell at the point of harvest. This measurement becomes the cost at the date the
company applies Section 13 Inventories to the agricultural produce.

The company measures biological assets at cost less accumulated depreciation and accumulated impairment
losses.

In respect of agricultural produce harvested from a biological asset, this is measured at the point of harvest at
either;
• lower of cost and estimated selling price less costs to complete and sell; or
• fair value less costs to sell with any gain or loss arising on initial recognition of agricultural produce at
• fair value less costs to sell being included in profit or loss.

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

Falcons 10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

YAS Falcons Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 April 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

YAS Falcons Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 April 2023

4

Tangible assets

Hen pecks and aviaries
£

Plant and machinery
£

Office equipment
£

Biological assets
 £

Cost or valuation

At 29 April 2022

21,983

18,820

9,096

164,187

Additions

413

1,852

887

56,400

At 28 April 2023

22,396

20,672

9,983

220,587

Depreciation

At 29 April 2022

12,170

8,717

2,922

22,269

Charge for the year

2,557

2,989

2,392

22,058

At 28 April 2023

14,727

11,706

5,314

44,327

Carrying amount

At 28 April 2023

7,669

8,966

4,669

176,260

At 28 April 2022

9,813

10,103

6,174

141,918

Total
£

Cost or valuation

At 29 April 2022

214,086

Additions

59,552

At 28 April 2023

273,638

Depreciation

At 29 April 2022

46,078

Charge for the year

29,996

At 28 April 2023

76,074

Carrying amount

At 28 April 2023

197,564

At 28 April 2022

168,008

5

Debtors

Current

2023
£

2022
£

Other debtors

76,620

112,570

 

76,620

112,570

 

YAS Falcons Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 April 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

9,142

1,942

Taxation and social security

3,491

1,276

Accruals and deferred income

15,935

13,985

Other creditors

328,721

262,091

357,289

279,294

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

A ordinary shares of £1 each

50

50

50

50

B ordinary shares of £1 each

50

50

50

50

100

100

100

100

8

Dividends