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REGISTERED NUMBER: 09111722 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

YADDO LIMITED

YADDO LIMITED (REGISTERED NUMBER: 09111722)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


YADDO LIMITED

COMPANY INFORMATION
for the year ended 30 November 2023







DIRECTORS: Mr J B G Ross
Ms Y Y I Lui
Mr C W Chow



REGISTERED OFFICE: 4 Comet House
Calleva Park
Aldermaston
Berkshire
RG7 8JA



REGISTERED NUMBER: 09111722 (England and Wales)



SENIOR STATUTORY AUDITOR: Stephen Fenton FCA



AUDITORS: Sterlings Ltd, Statutory Auditor
Lawford House
Albert Place
London
N3 1QA

YADDO LIMITED (REGISTERED NUMBER: 09111722)

BALANCE SHEET
30 November 2023

30/11/23 30/11/22
Notes £    £   
CURRENT ASSETS
Debtors 5 5,288 10,749

CREDITORS
Amounts falling due within one year 6 71,278 32,262
NET CURRENT LIABILITIES (65,990 ) (21,513 )
TOTAL ASSETS LESS CURRENT LIABILITIES (65,990 ) (21,513 )

CAPITAL AND RESERVES
Called up share capital 7 3,211 3,211
Share premium 2,402,477 2,402,477
Retained earnings (2,471,678 ) (2,427,201 )
SHAREHOLDERS' FUNDS (65,990 ) (21,513 )

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





Mr J B G Ross - Director


YADDO LIMITED (REGISTERED NUMBER: 09111722)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Yaddo 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.

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.

The financial statements are presented in Sterling (£), which is also the company's functional currency. Monetary amounts in these financial statements are rounded to the nearest £.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are wholly owned part of the group.

Included in creditors is an amount of £22,809 (2022: £8,433) owed to companies under the control of a director. There are no formal terms regarding these balances.

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 fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

YADDO LIMITED (REGISTERED NUMBER: 09111722)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

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.

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.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and cell 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 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.

Going concern
The directors consider it appropriate to prepare the accounts on a going concern basis. The company is dependant on the financial support of a fellow group company which has provided a letter of support to indicate its willingness and ability to support the company for a period of at least twelve months from eh date of approval of these financial statements.

Therefore the directors have a reasonable expectation that the company has adequate resources to continue in operational expectations and meet its liabilities as they fall due for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Change in reporting date
These financial statements are for the period from 1 December 2022 to 30 November 2023. The previous financial statements were for the period from 1 July 2021 to 30 November 2022. Therefore the figures presented are not entirely comparable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

YADDO LIMITED (REGISTERED NUMBER: 09111722)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 418,433
AMORTISATION
At 1 December 2022
and 30 November 2023 418,433
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 5,288 3,127
Amounts owed by group undertakings - 7,622
5,288 10,749

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade creditors - 750
Amounts owed to group undertakings 27,299 -
VAT 469 9,028
Accruals and deferred income 43,510 22,484
71,278 32,262

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/23 30/11/22
value: £    £   
200 Ordinary A £1 200 200
186 Ordinary B £1 186 186
2,825 Ordinary C £1 2,825 2,825
3,211 3,211

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 27 November 2024 was Stephen Fenton FCA, who signed for and on behalf of Sterlings Ltd.

YADDO LIMITED (REGISTERED NUMBER: 09111722)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

9. ULTIMATE CONTROLLING PARTY

The controlling party is Asia Satellite Telecommunications Holdings Limited.

The company's immediate parent company is Lightning International (Media) Limited, a company incorporated in Hong Kong.

The ultimate parent company is Bowenvale Limited, a company incorporated in the British Virgin Islands.

The smallest and largest group for which group accounts are drawn up, and of which the company is a member, is Asia Satellite Telecommunications Holdings Limited, a company registered in Bermuda. The group accounts are not publicly available.