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Registered number: 13002625
Yellowstone Diamond Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
The Wright Advice Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13002625
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 305,887 312,271
305,887 312,271
CURRENT ASSETS
Debtors 5 330 -
Cash at bank and in hand 2,276 1,688
2,606 1,688
Creditors: Amounts Falling Due Within One Year 6 (74,321 ) (87,230 )
NET CURRENT ASSETS (LIABILITIES) (71,715 ) (85,542 )
TOTAL ASSETS LESS CURRENT LIABILITIES 234,172 226,729
Creditors: Amounts Falling Due After More Than One Year 7 (159,985 ) (159,985 )
NET ASSETS 74,187 66,744
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 73,644 73,644
Profit and Loss Account 443 (7,000 )
SHAREHOLDERS' FUNDS 74,187 66,744
Page 1
Page 2
For the year ending 30 November 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
Mr Paul Skinner
Director
30/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Yellowstone Diamond Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13002625 . The registered office is Talgarth House, Talgarth Street, Maesteg, Bridgend, CF34 0LY.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the sale of goods and from the renting of property. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has paid for the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% straight line
2.4. Taxation
Tax expense represents the sum of the tax currently payable.
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: 2 (2022: 2)
2 2
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 December 2022 319,178
As at 30 November 2023 319,178
Depreciation
As at 1 December 2022 6,907
Provided during the period 6,384
As at 30 November 2023 13,291
Net Book Value
As at 30 November 2023 305,887
As at 1 December 2022 312,271
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 330 -
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 362 1,381
Other creditors 70,737 85,849
Taxation and social security 3,222 -
74,321 87,230
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 159,985 159,985
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation Reserve
£
As at 1 December 2022 73,644
As at 30 November 2023 73,644
Page 4