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REGISTERED NUMBER: 07149785 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Yeadon IP Limited

Yeadon IP Limited (Registered number: 07149785)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Yeadon IP Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Dr M Yeadon





REGISTERED OFFICE: 114 Wellington Street
Leeds
LS1 1BA





REGISTERED NUMBER: 07149785 (England and Wales)





ACCOUNTANTS: Aysgarth Chartered Accountants
Suite 3b
Kings House
1 King Street
Leeds
LS1 2HH

Yeadon IP Limited (Registered number: 07149785)

Balance Sheet
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,278 3,966
4,278 3,966

CURRENT ASSETS
Debtors 6 490,926 618,451
Cash at bank 350,743 203,268
841,669 821,719
CREDITORS
Amounts falling due within one year 7 112,293 89,417
NET CURRENT ASSETS 729,376 732,302
TOTAL ASSETS LESS CURRENT LIABILITIES 733,654 736,268

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 733,650 736,264
733,654 736,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Yeadon IP Limited (Registered number: 07149785)

Balance Sheet - continued
31 May 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 February 2025 and were signed by:





Dr M Yeadon - Director


Yeadon IP Limited (Registered number: 07149785)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Yeadon IP 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33.3% on cost

All tangible fixed assets are recorded at cost, being purchase price, less accumulated depreciation.

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.

Yeadon IP Limited (Registered number: 07149785)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 11,225
AMORTISATION
At 1 June 2023
and 31 May 2024 11,225
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 1,260 41,894 43,154
Additions - 2,632 2,632
At 31 May 2024 1,260 44,526 45,786
DEPRECIATION
At 1 June 2023 1,200 37,988 39,188
Charge for year 20 2,300 2,320
At 31 May 2024 1,220 40,288 41,508
NET BOOK VALUE
At 31 May 2024 40 4,238 4,278
At 31 May 2023 60 3,906 3,966

Yeadon IP Limited (Registered number: 07149785)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 292,407 421,699
Other debtors 198,519 196,752
490,926 618,451

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade creditors 28,817 3,717
Taxation and social security 44,259 83,367
Other creditors 39,217 2,333
112,293 89,417

8. RELATED PARTY DISCLOSURES

The company is owed £175,721 (2023 £175,633) by Sandpiper Homes, a company under the control of the director.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr M Yeadon.