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Registered number: 13295883
YELLOW ANT HOSPITALITY LTD
Unaudited Financial Statements
For The Year Ended 31 March 2024
Asmita & Associates Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13295883
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 625,421 302,028
625,421 302,028
CURRENT ASSETS
Stocks 5 16,263 6,638
Debtors 6 91,493 108,593
Cash at bank and in hand 8,691 36,735
116,447 151,966
Creditors: Amounts Falling Due Within One Year 7 (174,845 ) (17,441 )
NET CURRENT ASSETS (LIABILITIES) (58,398 ) 134,525
TOTAL ASSETS LESS CURRENT LIABILITIES 567,023 436,553
Creditors: Amounts Falling Due After More Than One Year 8 (569,999 ) (150,000 )
NET (LIABILITIES)/ASSETS (2,976 ) 286,553
CAPITAL AND RESERVES
Called up share capital 9 330,002 330,002
Profit and Loss Account (332,978 ) (43,449 )
SHAREHOLDERS' FUNDS (2,976) 286,553
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Vipin Vijay
Director
11/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
YELLOW ANT HOSPITALITY LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13295883 . The registered office is 17 ELM STREET, LONDON, WC1X 0BQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Straightline method
Leasehold Straightline method
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2023: 7)
20 7
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 295,684 2,953 2,646 3,455 304,738
Additions 315,003 8,866 3,207 - 327,076
As at 31 March 2024 610,687 11,819 5,853 3,455 631,814
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2023 - 514 952 1,244 2,710
Provided during the period - 2,261 980 442 3,683
As at 31 March 2024 - 2,775 1,932 1,686 6,393
Net Book Value
As at 31 March 2024 610,687 9,044 3,921 1,769 625,421
As at 1 April 2023 295,684 2,439 1,694 2,211 302,028
5. Stocks
2024 2023
£ £
Stock 16,263 6,638
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 25,801 21,925
Other debtors 65,692 37,418
91,493 59,343
Due after more than one year
Other debtors - 49,250
91,493 108,593
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 161,645 4,811
Other creditors 1,599 7,777
Taxation and social security 11,601 4,853
174,845 17,441
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 569,999 150,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 330,002 330,002
10. Related Party Transactions
The director Mr Vipin Vijay has been paid a salary of £36,561.93 (2023: £21,758) in the year ending 31/03/2024
Page 4