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Registration number: 13098796

Yellow Doors Group Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Yellow Doors Group Ltd

Contents

Company Information

1

Accountants' Report

2

Statement of Financial Position

3

Notes to the Unaudited Financial Statements

4 to 11

 

Yellow Doors Group Ltd

Company Information

Directors

S D Bagatti

A Gaughan

Registered office

29-30 Leadenhall Market
London
EC3V 1LR

Accountants

DSK Partners LLP
Chartered Accountants
D S House
306 High Street
Croydon
Surrey
CR0 1NG

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Yellow Doors Group Ltd
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Yellow Doors Group Ltd for the year ended 31 March 2024 as set out on pages 3 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Yellow Doors Group Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Yellow Doors Group Ltd and state those matters that we have agreed to state to the Board of Directors of Yellow Doors Group Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Yellow Doors Group Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Yellow Doors Group Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Yellow Doors Group Ltd. You consider that Yellow Doors Group Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Yellow Doors Group Ltd. 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 statutory accounts.

......................................

DSK Partners LLP
Chartered Accountants
D S House
306 High Street
Croydon
Surrey
CR0 1NG

10 October 2024

 

Yellow Doors Group Ltd

(Registration number: 13098796)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

683

911

Investments

5

8

6

 

691

917

Current assets

 

Debtors

6

152,548

29,973

Cash at bank and in hand

 

1,881

35,450

 

154,429

65,423

Creditors: Amounts falling due within one year

7

(155,015)

(66,188)

Net current liabilities

 

(586)

(765)

Net assets

 

105

152

Capital and reserves

 

Called up share capital

8

6

Retained earnings

97

146

Shareholders' funds

 

105

152

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 10 October 2024 and signed on its behalf by:
 

S D Bagatti
Director

A Gaughan
Director

 
     
 

Yellow Doors Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
29-30 Leadenhall Market
London
EC3V 1LR
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Preparation of consolidated financial statements

The financial statements contain information about Yellow Doors Group Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Yellow Doors Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

25% Reducing balance method

Investments in subsidiaries

Investments in subsidiary undertakings are recoginised at cost.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Yellow Doors Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities, or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Yellow Doors Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

1,041

1,041

At 31 March 2024

1,041

1,041

Depreciation

At 1 April 2023

130

130

Charge for the year

228

228

At 31 March 2024

358

358

Carrying amount

At 31 March 2024

683

683

At 31 March 2023

911

911

 

Yellow Doors Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

5

Investments

2024
£

2023
£

Investments in subsidiaries

8

6

Subsidiaries

£

Cost or valuation

At 1 April 2023

6

Additions

2

At 31 March 2024

8

Provision

Carrying amount

At 31 March 2024

8

At 31 March 2023

6

 

Yellow Doors Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

5

Investments (continued)

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Bags EC3 Ltd (formerly Breakfast & Burgers Ltd)

106 Leadenhall Street
London
EC3A 4AA

England and Wales

Ordinary Shares

100%

100%

Bags SW17 Ltd

Unit 2 Tooting Market
20 Totterdown Street
London
SW17 8TA

England and Wales

Ordinary Shares

100%

100%

Bags E2 Ltd

252 Paradise Row
London
E2 9LE

England and Wales

Ordinary Shares

100%

100%

Bags SE15 Ltd

252 Paradise Row
London
E2 9LE

England and Wales

Ordinary Shares

100%

100%

 

Yellow Doors Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

5

Investments (continued)

Subsidiary undertakings

Bags EC3 Ltd (formerly Breakfast & Burgers Ltd)

The principal activity of Bags EC3 Ltd (formerly Breakfast & Burgers Ltd) is restaurants. The loss for the financial period of Bags EC3 Ltd (formerly Breakfast & Burgers Ltd) was £24,978 and the aggregate amount of Capital and reserves at the end of the period was £(52,474).

Bags SW17 Ltd

The principal activity of Bags SW17 Ltd is restaurants. The profit for the financial period of Bags SW17 Ltd was £17,237 and the aggregate amount of Capital and reserves at the end of the period was £417.

Bags E2 Ltd

The principal activity of Bags E2 Ltd is restaurants. The loss for the financial period of Bags E2 Ltd was £5,865 and the aggregate amount of Capital and reserves at the end of the period was £(113,496).

Bags SE15 Ltd

The principal activity of Bags SE15 Ltd is restaurants. It was dormant during the year.

6

Debtors

Current

2024
£

2023
£

Other debtors

152,548

29,973

 

152,548

29,973

 

Yellow Doors Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

75,000

-

Trade creditors

 

946

3,129

Taxation and social security

 

12,219

22,108

Accruals and deferred income

 

2,000

1,925

Other creditors

 

64,850

39,026

 

155,015

66,188

Current loans and borrowings

2024
£

2023
£

Other borrowings

75,000

-

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

75,000

-