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REGISTERED NUMBER: 09356446 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

Y B MANAGEMENT LTD

Y B MANAGEMENT LTD (REGISTERED NUMBER: 09356446)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Y B MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: I Erlich





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 09356446 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

Y B MANAGEMENT LTD (REGISTERED NUMBER: 09356446)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 119 177

CURRENT ASSETS
Debtors 6 128,911 241,256
Cash at bank 1,246 6,789
130,157 248,045
CREDITORS
Amounts falling due within one year 7 (53,485 ) (158,294 )
NET CURRENT ASSETS 76,672 89,751
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,791

89,928

CREDITORS
Amounts falling due after more than one
year

8

(28,829

)

(39,865

)
NET ASSETS 47,962 50,063

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 12 47,961 50,062
SHAREHOLDERS' FUNDS 47,962 50,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Y B MANAGEMENT LTD (REGISTERED NUMBER: 09356446)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2024 and were signed by:





I Erlich - Director


Y B MANAGEMENT LTD (REGISTERED NUMBER: 09356446)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Y B Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 2,578
DEPRECIATION
At 1 January 2023 2,401
Charge for year 58
At 31 December 2023 2,459
NET BOOK VALUE
At 31 December 2023 119
At 31 December 2022 177

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 128,911 241,256

Y B MANAGEMENT LTD (REGISTERED NUMBER: 09356446)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 9) 4,919 4,888
Trade creditors - 96,214
Social security and other taxes 485 2,383
Other creditors 44,317 51,585
Directors' current accounts 2,084 2,084
Accrued expenses 1,680 1,140
53,485 158,294

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other loans (see note 9) 28,829 39,865

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 28,829 39,865

9. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 4,919 4,888

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 28,829 39,865

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank overdrafts 4,919 4,888
Other loans 28,829 39,865
33,748 44,753

Under the bank loan, £28,829 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

Y B MANAGEMENT LTD (REGISTERED NUMBER: 09356446)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary £1 1 1

12. RESERVES
Retained
earnings
£   

At 1 January 2023 50,062
Deficit for the year (2,101 )
At 31 December 2023 47,961

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Simcha Teitelbaum.