Y & Y MANAGEMENT LIMITED

Company Registration Number:
06276667 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

Y & Y MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

Y & Y MANAGEMENT LIMITED

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 390 585
Investments:   0 0
Total fixed assets: 390 585
Current assets
Stocks: 0 0
Debtors: 4 12,432,345 3,675,647
Cash at bank and in hand: 4,309,507 9,839,295
Investments:   0 0
Total current assets: 16,741,852 13,514,942
Creditors: amounts falling due within one year: 5 (1,553,679) (972,808)
Net current assets (liabilities): 15,188,173 12,542,134
Total assets less current liabilities: 15,188,563 12,542,719
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 15,188,563 12,542,719
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 15,188,463 12,542,619
Shareholders funds: 15,188,563 12,542,719

The notes form part of these financial statements

Y & Y MANAGEMENT LIMITED

Balance sheet statements

For the year ending 30 November 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 July 2024
and signed on behalf of the board by:

Name: J Gurvits
Status: Director

The notes form part of these financial statements

Y & Y MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

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

Turnover policy

Turnover comprises fees from the provision of property management services, excluding Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off the cost of each asset down to its estimated residual value over its useful economic life. Equipment reducing balance 33.33%

Other accounting policies

STATUTORY INFORMATION - Y & Y Management Limited (the Company) is a private company, limited by shares, domiciled in England and Wales, Company Registration Number 06276667.The Registered Office is Avon House, 2 Timberwharf Road, London, England, N16 6DB. COMPLIANCE WITH ACCOUNTING STANDARDS - The Unaudited Statutory Accounts (the Accounts) have been prepared in accordance with the provisions of FRS 102 (the Financial Reporting Standard applicable in the UK) Section 1A - Small Entities. There were no material departures from that Standard. Basis Of Preparation - The principal Accounting Policies adopted in the preparation of the Accounts are set out below and have remained unchanged from the previous year, and also have been consistently applied within the Accounts. The Accounts have been prepared under the historical cost convention.

Y & Y MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 7 8

Y & Y MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 17,697
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 30 November 2023 17,697
Depreciation
At 01 December 2022 17,112
Charge for year 195
On disposals 0
Other adjustments 0
At 30 November 2023 17,307
Net book value
At 30 November 2023 390
At 30 November 2022 585

Y & Y MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

Y & Y MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due within one year note

UK corporation tax 852,944 PY 344,130 Trade creditors 61,396 PY 181,737 Other creditors 412,839 PY 82,288 Accruals 226,500 PY 364,653 Total 1,553,679 PY 972,808 Other Creditors include a loan from a Related Party company (Note 13).

Y & Y MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

6. Related party transactions

Name of the related party:
Relationship:
Similar ownership
Description of the Transaction: Interest free loan repayable on demand
£
Balance at 01 December 2022 2,517,580
Balance at 30 November 2023 7,282,579
Name of the related party:
Relationship:
Similar ownership
Description of the Transaction: Interest free loan repayable on demand
£
Balance at 01 December 2022 52,994
Balance at 30 November 2023 52,994