Registration number:
YAE Investments Limited
for the Period from 1 June 2023 to 30 June 2024
YAE Investments Limited
Contents
Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
YAE Investments Limited
(Registration number: 14909729)
Statement of Financial Position as at 30 June 2024
Note |
2024 |
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Fixed assets |
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Investments |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
( |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
6,824,763 |
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Profit and loss account |
662,827 |
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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:
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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
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YAE Investments Limited
Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 June 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Principal activity
The principal activity of the company is the making and holding of investments.
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
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
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Investments |
2024 |
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Investments in commodities |
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Investments in equities |
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Investments in bonds |
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Commodities |
£ |
Cost or valuation |
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Revaluation |
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Additions |
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At 30 June 2024 |
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Provision |
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Carrying amount |
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At 30 June 2024 |
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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 |
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Revaluation |
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Additions |
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Disposals |
( |
At 30 June 2024 |
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Provision |
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Carrying amount |
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At 30 June 2024 |
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Bonds |
£ |
Cost |
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Revaluation |
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Additions |
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At 30 June 2024 |
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Provision |
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Carrying amount |
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At 30 June 2024 |
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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)
Creditors |
Creditors: amounts falling due within one year
2024 |
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Due within one year |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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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.