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REGISTERED NUMBER: 10533580 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

YUVILITE LIMITED

YUVILITE LIMITED (REGISTERED NUMBER: 10533580)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YUVILITE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: V Rana
Y Rana





REGISTERED OFFICE: 220-222
West Hendon Broadway
London
NW9 7EE





REGISTERED NUMBER: 10533580 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

YUVILITE LIMITED (REGISTERED NUMBER: 10533580)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 45,000 60,000
Tangible assets 5 562,781 562,253
Investment property 6 1,094,100 1,042,000
1,701,881 1,664,253

CURRENT ASSETS
Inventories 7 60,500 34,500
Debtors 8 37,041 5,718
Cash at bank and in hand 21,263 49,601
118,804 89,819
CREDITORS
Amounts falling due within one year 9 764,886 801,275
NET CURRENT LIABILITIES (646,082 ) (711,456 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,055,799

952,797

CREDITORS
Amounts falling due after more than one year 10 (46,939 ) (60,968 )

PROVISIONS FOR LIABILITIES (161,363 ) (148,338 )
NET ASSETS 847,497 743,491

CAPITAL AND RESERVES
Called up share capital 100 100
Undistributable reserve 11 671,463 632,388
Retained earnings 175,934 111,003
SHAREHOLDERS' FUNDS 847,497 743,491

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 directors acknowledge their 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.

YUVILITE LIMITED (REGISTERED NUMBER: 10533580)

BALANCE SHEET - 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2024 and were signed on its behalf by:





V Rana - Director


YUVILITE LIMITED (REGISTERED NUMBER: 10533580)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Yuvilite Limited 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. 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 as modified by the revaluation of certain assets.

Going Concern
The financial statements have been prepared on a going concern basis not withstanding the company's net current liabilities position as at the year end. The directors of the company and the connected companies have provided with an undertaking that they will continue to support financially for the foreseeable future and that they will not seek repayment of the amounts currently owing to them in the twelve months from the date of signing the financial statements.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% on cost

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.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

YUVILITE LIMITED (REGISTERED NUMBER: 10533580)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Freehold property
Freehold property is shown at most recent valuation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 150,000
AMORTISATION
At 1 April 2023 90,000
Charge for year 15,000
At 31 March 2024 105,000
NET BOOK VALUE
At 31 March 2024 45,000
At 31 March 2023 60,000

5. TANGIBLE ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 550,000 287 13,375 2,693 566,355
Additions - 3,100 - 1,445 4,545
At 31 March 2024 550,000 3,387 13,375 4,138 570,900
DEPRECIATION
At 1 April 2023 - 173 1,951 1,978 4,102
Charge for year - 466 2,856 695 4,017
At 31 March 2024 - 639 4,807 2,673 8,119
NET BOOK VALUE
At 31 March 2024 550,000 2,748 8,568 1,465 562,781
At 31 March 2023 550,000 114 11,424 715 562,253

YUVILITE LIMITED (REGISTERED NUMBER: 10533580)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,042,000
Revaluations 52,100
At 31 March 2024 1,094,100
NET BOOK VALUE
At 31 March 2024 1,094,100
At 31 March 2023 1,042,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2024 by the directors. The open market value of the investment properties is not significantly different to the value as stated above.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2019 780,726
Valuation in 2024 52,100
Cost 261,274
1,094,100

In the opinion of the directors, the open market value of the investment properties at 31 March 2024 is as stated above.

7. INVENTORIES
31.3.24 31.3.23
£    £   
Finished goods 60,500 34,500

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 27,140 4,321
Other debtors 9,901 1,397
37,041 5,718

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 15,646 20,323
Trade creditors 23,560 48,120
Amounts owed to group undertakings 147,045 176,416
Taxation and social security 26,304 9,941
Other creditors 552,331 546,475
764,886 801,275

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 46,939 60,968

YUVILITE LIMITED (REGISTERED NUMBER: 10533580)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

11. RESERVES
Undistributabl
reserve
£   
At 1 April 2023 632,388
Movement 39,075

At 31 March 2024 671,463

12. RELATED PARTY DISCLOSURES

Included within creditors as at the year end is £509,099 (2023: £509,561) an amount owed to the directors of the company. The amount is unsecured and there are no specific terms of the repayment of this loan.

As at year end, the company owed an amount of £147,045 (2023: £176,416) to Rana Partnership LLP a limited liability partnership where the directors are also the members.The amount is unsecured and there are no specific terms of the repayment of this loan.