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Registered Number: 11369276
England and Wales

 

 

 

Y2P1 LTD


Abridged Accounts
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
Report to the directors on the preparation of the unaudited statutory accounts of Y2P1 LTD for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Y2P1 LTD for the year ended 31 May 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys 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
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Y2P1 LTD, as a body, in accordance with the terms of our engagement letter dated 11 February 2025 Our work has been undertaken solely to prepare for your approval the accounts of Y2P1 LTD and state those matters that we have agreed to state to the Board of Directors of Y2P1 LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Y2P1 LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Y2P1 LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Y2P1 LTD. You consider that Y2P1 LTD 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 accounts of Y2P1 LTD. 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 accounts.



....................................................
JGTAX LLP
30 Churchill Place
Canary Wharf
London
E14 5RE
11 February 2025
1
 
 
Notes
 
2024
£
Fixed assets    
Tangible fixed assets 3 192 
Investments 4 38,500 
38,692 
Current assets    
Cash at bank and in hand 6,340 
Creditors: amount falling due within one year (21,043)
Net current assets (14,703)
 
Total assets less current liabilities 23,989 
Creditors: amount falling due after more than one year (21,300)
Net assets 2,689 
 

Capital and reserves
   
Called up share capital 5 1 
Profit and loss account 2,688 
Shareholders' funds 2,689 
 


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

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 11 February 2025 and were signed by:


-------------------------------
Yangyang Peng
Director
2
General Information
Y2P1 LTD is a private company, limited by shares, registered in England and Wales, registration number 11369276, registration address 505 Avalon Point Silvocea Way, London, E14 0TY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 3 years Straight Line
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 0.
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 June 2023 2,059    2,059 
Additions 219    219 
Disposals  
At 31 May 2024 2,278    2,278 
Depreciation
At 01 June 2023 1,964    1,964 
Charge for year 122    122 
On disposals  
At 31 May 2024 2,086    2,086 
Net book values
Closing balance as at 31 May 2024 192    192 
Opening balance as at 01 June 2023 95    95 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 June 2023 38,500    38,500 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 May 2024 38,500    38,500 

5.

Share Capital

Allotted, called up and fully paid
2024
£
1 Class A share of £1.00 each

3