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Registration number: 14909729

YAE Investments Limited

Unaudited Filleted Financial Statements

for the Period from 1 June 2023 to 30 June 2024

 

YAE Investments Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

YAE Investments Limited

(Registration number: 14909729)
Statement of Financial Position as at 30 June 2024

Note

2024
£

Fixed assets

 

Investments

4

10,159,414

Current assets

 

Cash at bank and in hand

 

777,544

Creditors: Amounts falling due within one year

5

(3,227,898)

Net current liabilities

 

(2,450,354)

Total assets less current liabilities

 

7,709,060

Provisions for liabilities

(221,470)

Net assets

 

7,487,590

Capital and reserves

 

Called up share capital

6,824,763

Profit and loss account

662,827

Shareholders' funds

 

7,487,590

For the financial period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 5 February 2025 and signed on its behalf by:
 


Mrs Y Chupina
Director

 

YAE Investments Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
66 Lincoln's Inn Fields
London
WC2A 3LH

Principal activity

The principal activity of the company is the making and holding of investments.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

YAE Investments Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 June 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

YAE Investments Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 June 2024 (continued)

2

Accounting policies (continued)

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

4

Investments

2024
£

Investments in commodities

413,944

Investments in equities

6,477,211

Investments in bonds

3,268,259

10,159,414

Commodities

£

Cost or valuation

Revaluation

70,420

Additions

343,524

At 30 June 2024

413,944

Provision

Carrying amount

At 30 June 2024

413,944

 

YAE Investments Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 June 2024 (continued)

4

Investments (continued)

Equities

£

Cost

Revaluation

746,497

Additions

9,004,065

Disposals

(3,273,351)

At 30 June 2024

6,477,211

Provision

Carrying amount

At 30 June 2024

6,477,211

Bonds

£

Cost

Revaluation

68,963

Additions

3,199,296

At 30 June 2024

3,268,259

Provision

Carrying amount

At 30 June 2024

3,268,259

The historic cost of the above investments, as held at 30 June 2024 was £9,273,534.

 

YAE Investments Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 June 2024 (continued)

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

8,816

Accruals and deferred income

7,500

Other creditors

3,211,582

3,227,898

6

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

Included in the profit and loss account are non-distributable reserves pertaining to fair value gains/ (losses) on the company's investments of £507,804, net of deferred tax.