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REGISTERED NUMBER: 04095460 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

YBI INVESTMENTS LTD

YBI INVESTMENTS LTD (REGISTERED NUMBER: 04095460)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YBI INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Y Ben-Israel





REGISTERED OFFICE: The Harley Building
77 New Cavendish Street
London
W1W 6XB





REGISTERED NUMBER: 04095460 (England and Wales)





ACCOUNTANTS: Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

YBI INVESTMENTS LTD (REGISTERED NUMBER: 04095460)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 39,684 46,686
Investments 5 2 2
39,686 46,688

CURRENT ASSETS
Debtors 6 2,508,018 2,529,962
Cash at bank and in hand 42,811 10,585
2,550,829 2,540,547
CREDITORS
Amounts falling due within one year 7 2,564,853 2,411,141
NET CURRENT (LIABILITIES)/ASSETS (14,024 ) 129,406
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,662

176,094

CREDITORS
Amounts falling due after more than
one year

8

15,833

25,833
NET ASSETS 9,829 150,261

CAPITAL AND RESERVES
Called up share capital 250,000 200,000
Retained earnings (240,171 ) (49,739 )
SHAREHOLDERS' FUNDS 9,829 150,261

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

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

YBI INVESTMENTS LTD (REGISTERED NUMBER: 04095460)

BALANCE SHEET - continued
31 OCTOBER 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 23 October 2024 and were signed by:





Y Ben-Israel - Director


YBI INVESTMENTS LTD (REGISTERED NUMBER: 04095460)

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


1. STATUTORY INFORMATION

YBI Investments 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.

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
Revenue 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.
Land and buildings - Straight line over 5 years
Plant and machinery etc - 20% on reducing balance and Straight line over 5 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

YBI INVESTMENTS LTD (REGISTERED NUMBER: 04095460)

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


4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 4,353 101,118 105,471
Additions - 1,001 1,001
At 31 October 2023 4,353 102,119 106,472
DEPRECIATION
At 1 November 2022 3,573 55,212 58,785
Charge for year 780 7,223 8,003
At 31 October 2023 4,353 62,435 66,788
NET BOOK VALUE
At 31 October 2023 - 39,684 39,684
At 31 October 2022 780 45,906 46,686

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaki
£   
COST
At 1 November 2022
and 31 October 2023 2
NET BOOK VALUE
At 31 October 2023 2
At 31 October 2022 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 6,424
Other debtors 2,508,018 2,523,538
2,508,018 2,529,962

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,003
Trade creditors - 2,113
Taxation and social security - 4,911
Other creditors 2,554,853 2,394,114
2,564,853 2,411,141

YBI INVESTMENTS LTD (REGISTERED NUMBER: 04095460)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,833 25,833