REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2024 |
for |
Yucca Promotions Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2024 |
for |
Yucca Promotions Limited |
Yucca Promotions Limited (Registered number: 04217744) |
Contents of the Financial Statements |
for the Year Ended 31 December 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Yucca Promotions Limited |
Company Information |
for the Year Ended 31 December 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
57 Greenfields Gardens |
Ellesmere Grange |
Shrewsbury |
Shropshire |
SY1 2RN |
Yucca Promotions Limited (Registered number: 04217744) |
Balance Sheet |
31 December 2024 |
31.12.24 | 31.12.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
Tangible assets | 6 |
CURRENT ASSETS |
Stocks | 7 |
Debtors | 8 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 9 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
10 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
Yucca Promotions Limited (Registered number: 04217744) |
Balance Sheet - continued |
31 December 2024 |
31.12.24 | 31.12.23 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Yucca Promotions Limited (Registered number: 04217744) |
Notes to the Financial Statements |
for the Year Ended 31 December 2024 |
1. | STATUTORY INFORMATION |
Yucca Promotions Limited is a |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are for the individual entity only. |
The financial statements are presented in Sterling (£), rounded to the nearest £1. |
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 |
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 cost less estimated residual value of each asset over its estimated useful life. |
Freehold property | - 2% on cost |
Short leasehold | - over the term of the lease |
Improvements to property | - 10% on cost |
Fixtures and fittings | - 15% on cost |
Motor vehicles | - 20% on cost |
Government grants |
Grants of a revenue nature are recognised in income over the period in which the company recognises the related costs, for which the grant is intended to compensate. |
During the year, the company recognised flood grants of £5,000 (2023: £nil) from the Shropshire Council, which is recognised in income. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Yucca Promotions Limited (Registered number: 04217744) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
3. | ACCOUNTING POLICIES - continued |
Financial instruments |
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. |
Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in the profit and loss. |
Financial assets are derecognised with (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party. |
Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost. |
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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. |
Yucca Promotions Limited (Registered number: 04217744) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 January 2024 |
and 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
At 31 December 2023 |
6. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
Freehold | to | and | Motor |
property | property | fittings | vehicles | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 January 2024 |
Additions |
At 31 December 2024 |
DEPRECIATION |
At 1 January 2024 |
Charge for year |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
At 31 December 2023 |
7. | STOCKS |
31.12.24 | 31.12.23 |
£ | £ |
Stocks |
Kitchen stock |
Yucca Promotions Limited (Registered number: 04217744) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Other debtors |
Amounts owed from related |
parties |
Prepayments & accrued income |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Bank loans and overdrafts (see note 11) |
Other loans (see note 11) |
Trade creditors |
Tax |
Social security and other taxes |
Pension |
Machine gaming duty |
VAT |
Other creditors Mrs J Parry |
Other creditors |
Directors' current accounts |
Accrued expenses |
10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Bank loans (see note 11) |
Other loans (see note 11) |
Amounts falling due in more than five years: |
Repayable by instalments |
Funding circle (Other loan) | - | 16,132 |
Nucleus (Other loan) | - | 22,493 |
- | 38,625 |
Yucca Promotions Limited (Registered number: 04217744) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
11. | LOANS |
An analysis of the maturity of loans is given below: |
31.12.24 | 31.12.23 |
£ | £ |
Amounts falling due within one year or on demand: |
Bounce Back loan (Bank loan) | 10,000 | 10,000 |
Lloyds loan (Bank loan) | 2,174 | 2,100 |
Coors Brewery (Brewery loan) | 5,346 | 7,245 |
Funding circle (Other loan) | 31,368 | 27,865 |
Nucleus (Other loan) | 37,037 | 31,439 |
Youlend (Other loan) | - | 112,041 |
Premium credit (Other loan) | 12,236 | 10,869 |
Amounts falling due between one and two years: |
Bounce Back loan (Bank loan) | 4,980 | 10,000 |
Lloyds loan (Bank loan) | 703 | 2,100 |
Coors Brewery (Brewery loan) | 5,346 | 7,245 |
Funding circle (Other loan) | 35,311 | 31,368 |
Nucleus (Other loan) | 43,632 | 37,037 |
Amounts falling due between two and five years: |
Bounce Back loan (Bank loan) | - | 4,966 |
Lloyds loan (Bank loan) | - | 851 |
Coors Brewery (Brewery loan) | 15,702 | 17,649 |
Funding circle (Other loan) | 100,630 | 119,809 |
Nucleus (Other loan) | 134,449 | 155,588 |
Amounts falling due in more than five years: |
Repayable by instalments |
Funding circle (Other loan) | - | 16,132 |
Nucleus (Other loan) | - | 22,493 |
- | 38,625 |
12. | SECURED DEBTS |
A liability of £215,118 (2023: £246,557) is owed to Nucleus Cashflow Finance2 Limited. The liability is secured debenture dated 11 April 2023 between Yucca Promotions Limited and Nucleus Cashflow Finance2 Limited with a fixed and floating charge over all property and undertakings of the company currently or at any time afterwards. |
Yucca Promotions Limited (Registered number: 04217744) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
13. | RELATED PARTY DISCLOSURES |
Included within debtors due in one year is a loan balance to Mr O D Parry & Mr J C Parry of £213,584 (2023: £198,560), a partnership ran by one of the directors. |
The directors have provided a personal guarantee to secure the rental payments of the company to the landlord and a separate personal guarantee has been provided against the loan balance totalling £215,118 (2023: £246,557) with Nucleus Cash Flow Finance2 Limited. |
14. | ULTIMATE CONTROLLING PARTY |
There is no overall controlling party. |