2023-01-012023-12-312023-12-31false13047358YPL Development 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YPL Development Ltd

Registered Number
13047358
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

YPL Development Ltd
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

Y Ranguelov

Registered Address

301 New Century House 8 Jude Street
London
E16 1FG

Registered Number

13047358 (England and Wales)
YPL Development Ltd
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3346,524-
346,524-
Current assets
Stocks-346,524
Debtors2,750-
Cash at bank and on hand2,472248
5,222346,772
Creditors amounts falling due within one year(355,686)(353,856)
Net current assets (liabilities)(350,464)(7,084)
Total assets less current liabilities(3,940)(7,084)
Net assets(3,940)(7,084)
Capital and reserves
Profit and loss account(3,940)(7,084)
Shareholders' funds(3,940)(7,084)
The financial statements were approved and authorised for issue by the Director on 19 September 2024, and are signed on its behalf by:
Y Ranguelov
Director
Registered Company No. 13047358
YPL Development Ltd
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
Additions346,524
At 31 December 23346,524
Net book value
At 31 December 23346,524
At 31 December 22-