Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312false2023-04-01No description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12141046 2023-04-01 2024-03-31 12141046 2022-04-01 2023-03-31 12141046 2024-03-31 12141046 2023-03-31 12141046 c:Director1 2023-04-01 2024-03-31 12141046 d:PlantMachinery 2023-04-01 2024-03-31 12141046 d:PlantMachinery 2024-03-31 12141046 d:PlantMachinery 2023-03-31 12141046 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12141046 d:CurrentFinancialInstruments 2024-03-31 12141046 d:CurrentFinancialInstruments 2023-03-31 12141046 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12141046 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12141046 d:ShareCapital 2024-03-31 12141046 d:ShareCapital 2023-03-31 12141046 d:RetainedEarningsAccumulatedLosses 2024-03-31 12141046 d:RetainedEarningsAccumulatedLosses 2023-03-31 12141046 c:FRS102 2023-04-01 2024-03-31 12141046 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12141046 c:FullAccounts 2023-04-01 2024-03-31 12141046 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12141046 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 12141046







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


YELLOW TOMATO HOMES LIMITED






































img354a.png                        

 


YELLOW TOMATO HOMES LIMITED
REGISTERED NUMBER:12141046



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,081
3,915

  
2,081
3,915

Current assets
  

Stocks
  
2,718,372
2,708,683

Debtors: amounts falling due within one year
 5 
1,303,828
5,487

Cash at bank and in hand
  
84,631
1,551,131

  
4,106,831
4,265,301

Creditors: amounts falling due within one year
 6 
(3,671,989)
(3,786,443)

Net current assets
  
 
 
434,842
 
 
478,858

Total assets less current liabilities
  
436,923
482,773

  

Net assets
  
436,923
482,773


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
436,823
482,673

  
436,923
482,773


Page 1

 


YELLOW TOMATO HOMES LIMITED
REGISTERED NUMBER:12141046


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
M C J Holme
Director

Date: 19 November 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


YELLOW TOMATO HOMES LIMITED
 


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

1.


General information

Yellow Tomato Homes 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

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 


YELLOW TOMATO HOMES LIMITED
 


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

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 


YELLOW TOMATO HOMES LIMITED
 


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

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2023
7,338



At 31 March 2024

7,338



Depreciation


At 1 April 2023
3,423


Charge for the year on owned assets
1,834



At 31 March 2024

5,257



Net book value



At 31 March 2024
2,081



At 31 March 2023
3,915


5.


Debtors

2024
2023
£
£


Amounts owed by connected companies
1,300,000
-

Other debtors
1,164
4,984

Prepayments and accrued income
2,664
503

1,303,828
5,487



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
472
2,788

Corporation tax
-
112,055

Other creditors
3,671,517
3,671,517

Accruals and deferred income
-
83

3,671,989
3,786,443


Page 5

 


YELLOW TOMATO HOMES LIMITED
 


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

7.


Related party transactions

At the balance sheet date the company owed £3,671,517 (2023: £3,671,517) to the director. The balance can be found within creditors due within one year. No interest is being charged on this loan.
At the balance sheet date the company was owed £1,300,000 (2023: nil) by a company under common control. This balance can be found within debtors and is free of interest.

 
Page 6