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REGISTERED NUMBER: 08943448















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Yoop Limited

Yoop Limited (Registered number: 08943448)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Yoop Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: G Evans





REGISTERED OFFICE: 1 Carlton Parade
Preston Road
Middlesex
HA9 8NE





REGISTERED NUMBER: 08943448





ACCOUNTANTS: Preston Accountants Limited.
Chartered Certified Accountants
1 Carlton Parade
Preston Road
Wembley
Middlesex
HA9 8NE

Yoop Limited (Registered number: 08943448)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,139 5,631
Tangible assets 5 8,772 3,415
Investment property 6 131,591 -
144,502 9,046

CURRENT ASSETS
Debtors 7 219,872 182,241
Cash at bank 191,389 247,389
411,261 429,630
CREDITORS
Amounts falling due within one year 8 144,597 44,914
NET CURRENT ASSETS 266,664 384,716
TOTAL ASSETS LESS CURRENT
LIABILITIES

411,166

393,762

PROVISIONS FOR LIABILITIES 1,718 1,718
NET ASSETS 409,448 392,044

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 409,447 392,043
SHAREHOLDERS' FUNDS 409,448 392,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Yoop Limited (Registered number: 08943448)

Statement of Financial Position - continued
31 March 2024


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 15 October 2024 and were signed by:





G Evans - Director


Yoop Limited (Registered number: 08943448)

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

1. STATUTORY INFORMATION

Yoop Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website Development is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Yoop Limited (Registered number: 08943448)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Website
Development
£   
COST
At 1 April 2023
and 31 March 2024 5,967
AMORTISATION
At 1 April 2023 336
Amortisation for year 1,492
At 31 March 2024 1,828
NET BOOK VALUE
At 31 March 2024 4,139
At 31 March 2023 5,631

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 1,396 13,729 15,125
Additions 2,991 5,290 8,281
At 31 March 2024 4,387 19,019 23,406
DEPRECIATION
At 1 April 2023 1,279 10,431 11,710
Charge for year 777 2,147 2,924
At 31 March 2024 2,056 12,578 14,634
NET BOOK VALUE
At 31 March 2024 2,331 6,441 8,772
At 31 March 2023 117 3,298 3,415

Yoop Limited (Registered number: 08943448)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 131,591
At 31 March 2024 131,591
NET BOOK VALUE
At 31 March 2024 131,591

During the financial year, the company acquired an investment property funded in part by a personal loan of £57,781 from the director.The fair value of the investment property has been derived from the completion statement. In accordance with FRS 102 S30, the fair value at year-end has been translated using the effective exchange rate as of 31st March 2024 to reflect the accurate valuation at the reporting date.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 216,772 179,528
Other debtors - 1,080
Prepayments 3,100 1,633
219,872 182,241

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 226 226
Trade creditors 1,488 2,236
Tax 40,190 21,579
Pension Payable 707 707
VAT 21,986 19,356
Other creditors 19,080 -
Directors' current accounts 58,761 451
Accrued expenses 2,159 359
144,597 44,914

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Share capital 1 £1 1 1