Company registration number 11959370 (England and Wales)
YIELD COMMUNITY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
YIELD COMMUNITY LIMITED
COMPANY INFORMATION
Director
R Russo
Company number
11959370
Registered office
Albert House
1 Albert Street
Loughborough
Leicestershire
LE11 2DW
Accountants
Gravitate Accountants & Tax Advisers Limited
Albert House
1 Albert Street
Loughborough
Leicestershire
LE11 2DW
YIELD COMMUNITY LIMITED
CONTENTS
Page
Accountants' report
1
Profit and loss account
2
Balance sheet and notes to the financial statements
3 - 4
YIELD COMMUNITY LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF YIELD COMMUNITY LIMITED
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Yield Community Limited for the year ended 31 March 2024, which comprise the profit and loss account and the balance sheet, from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the board of directors of Yield Community Limited, as a body, in accordance with the terms of our engagement letter dated 6 November 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Yield Community Limited and state those matters that we have agreed to state to the board of directors of Yield Community Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Yield Community Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Yield Community Limited has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that Yield Community 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 Yield Community 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.

Gravitate Accountants & Tax Advisers Limited
10 January 2025
Chartered Accountants
Albert House
1 Albert Street
Loughborough
Leicestershire
LE11 2DW
YIELD COMMUNITY LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
2024
2023
£
£
Turnover
401,718
1,088,984
Staff costs
(59,890)
(5,752)
Depreciation and other amounts written off assets
(2,525)
(1,795)
Other charges
(189,371)
(191,107)
Tax
-
0
(169,554)
Profit
149,932
720,776
YIELD COMMUNITY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 3 -
2024
2023
£
£
£
£
Fixed assets
4,825
4,925
Current assets
1,672,928
1,463,429
Creditors: amounts falling due within one year
(503,818)
(441,454)
Net current assets
1,169,110
1,021,975
Total assets less current liabilities
1,173,935
1,026,900
Creditors: amounts falling due after more than one year
(20,283)
(23,180)
Net assets
1,153,652
1,003,720
Capital and reserves
1,153,652
1,003,720
Notes to the financial statements
1
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2024
2023
Number
Number
Employees
4
2

Yield Community Limited is a private company limited by shares incorporated in England and Wales. The registered office is Albert House, 1 Albert Street, Loughborough, Leicestershire, LE11 2DW.

For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and the provisions applicable to companies subject to the small companies regime.

YIELD COMMUNITY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 4 -
The financial statements were approved and signed by the director and authorised for issue on 10 January 2025
R Russo
Director
Company registration number 11959370 (England and Wales)
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