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Registered number: 06857312
YPC Group Holdings 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
16/09/2024
Exceed Accountants Limited
Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ
Page 1
Page 2
Balance Sheet
Registered number: 06857312
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 21 61
21 61
CURRENT ASSETS
Debtors 5 686,815 1,018,090
Cash at bank and in hand 3 3
686,818 1,018,093
Creditors: Amounts Falling Due Within One Year 6 (965,366 ) (1,294,961 )
NET CURRENT ASSETS (LIABILITIES) (278,548 ) (276,868 )
TOTAL ASSETS LESS CURRENT LIABILITIES (278,527 ) (276,807 )
Creditors: Amounts Falling Due After More Than One Year 7 (171,450 ) (171,450 )
NET LIABILITIES (449,977 ) (448,257 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (449,978 ) (448,258 )
SHAREHOLDERS' FUNDS (449,977) (448,257)
Page 2
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
16/09/2024
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 Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06857312 . 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. 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.
2.4. Consolidation
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of Companies Act 2006 not to prepare group accounts.
2.5. Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Investments
Unlisted
£
Cost
As at 1 January 2023 61
Disposals (40 )
As at 31 December 2023 21
...CONTINUED
Page 4
Page 5
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 21
As at 1 January 2023 61
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 63,588 394,863
Amounts owed by group undertaking 623,227 623,227
686,815 1,018,090
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,680 -
Other creditors 173,658 504,933
Accruals and deferred income 1,680 1,680
Amounts owed to group undertaking 788,348 788,348
965,366 1,294,961
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Directors loan account 171,450 171,450
171,450 171,450
8. Share Capital
2023 2022
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1 each 1 1
9. Ultimate Controlling Party
The company's ultimate controlling party is B M Alegre-Wood by virtue of his ownership of 100% of the issued share capital in the company.
Page 5