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REGISTERED NUMBER: 04456711 (England and Wales)















Y C YANG LIMITED

Unaudited Financial Statements for the Year Ended 30 June 2024






Y C YANG LIMITED (REGISTERED NUMBER: 04456711)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Y C YANG LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTOR: YC Yang





SECRETARY: M Yang





REGISTERED OFFICE: 45 Eider Drive
Leegomery
Telford
Shropshire
TF1 6TJ





REGISTERED NUMBER: 04456711 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

Y C YANG LIMITED (REGISTERED NUMBER: 04456711)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,533 6,166
Investment property 5 1,582,561 1,100,000
1,587,094 1,106,166

CURRENT ASSETS
Debtors 6 246,895 234,209
Cash at bank and in hand 337,215 754,937
584,110 989,146
CREDITORS
Amounts falling due within one year 7 28,181 13,230
NET CURRENT ASSETS 555,929 975,916
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,143,023

2,082,082

PROVISIONS FOR LIABILITIES 8 41,711 41,711
NET ASSETS 2,101,312 2,040,371

CAPITAL AND RESERVES
Called up share capital 9 200 200
Revaluation reserve 10 125,132 125,132
Retained earnings 1,975,980 1,915,039
SHAREHOLDERS' FUNDS 2,101,312 2,040,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Y C YANG LIMITED (REGISTERED NUMBER: 04456711)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 January 2025 and were signed by:





Dr Y Yang - Director


Y C YANG LIMITED (REGISTERED NUMBER: 04456711)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Y C Yang 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.

Turnover
Turnover represents sales of non-vatable services. Turnover is recognised when the service is provided.

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

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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes
recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

Y C YANG LIMITED (REGISTERED NUMBER: 04456711)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued

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 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings Motor
& equipment vehicles Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 16,879 15,999 32,878
DEPRECIATION
At 1 July 2023 16,757 9,955 26,712
Charge for year 121 1,512 1,633
At 30 June 2024 16,878 11,467 28,345
NET BOOK VALUE
At 30 June 2024 1 4,532 4,533
At 30 June 2023 122 6,044 6,166

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 1,100,000
Additions 482,561
At 30 June 2024 1,582,561
NET BOOK VALUE
At 30 June 2024 1,582,561
At 30 June 2023 1,100,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2017 881,233
Valuation in 2019 120,767
Valuation in 2022 98,000
Valuation in 2024 482,561
1,582,561

Y C YANG LIMITED (REGISTERED NUMBER: 04456711)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 16,063 3,378
Rental accounts 796 796
Other debtors 230,000 230,000
Prepayments and accrued income 36 35
246,895 234,209

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Social security and other taxes 17,467 3,328
Directors' current accounts 6,654 5,958
Accrued expenses 4,060 3,944
28,181 13,230

8. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 41,711 41,711

Deferred
tax
£   
Balance at 1 July 2023 41,711
Fair value adjustment
Balance at 30 June 2024 41,711

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary A shares £1 100 100
100 Ordinary B shares £1 100 100
200 200

10. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 125,132

Y C YANG LIMITED (REGISTERED NUMBER: 04456711)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


11. ULTIMATE CONTROLLING PARTY

The company is controlled by the director.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Y C Yang Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Y C Yang Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Y C Yang Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Y C Yang Limited and state those matters that we have agreed to state to the director of Y C Yang Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Y C Yang Limited and its director for our work or for this report.

It is your duty to ensure that Y C Yang Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Y C Yang Limited. You consider that Y C Yang Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Y C Yang Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


17 January 2025