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REGISTERED NUMBER: 04217744 (England and Wales)















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: Mr O D Parry
Mr K A G Rippard





SECRETARY: Mr O D Parry





REGISTERED OFFICE: The Salopian Bar
Smithfield Road
Shrewsbury
Shropshire
SY1 1PW





REGISTERED NUMBER: 04217744 (England and Wales)





ACCOUNTANTS: Hammonds Harry Ltd
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 1 1
Tangible assets 6 583,815 604,813
583,816 604,814

CURRENT ASSETS
Stocks 7 37,026 39,382
Debtors 8 282,712 291,846
Cash at bank and in hand 37,929 162,170
357,667 493,398
CREDITORS
Amounts falling due within one year 9 262,902 408,907
NET CURRENT ASSETS 94,765 84,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

678,581

689,305

CREDITORS
Amounts falling due after more than
one year

10

(340,753

)

(425,238

)

PROVISIONS FOR LIABILITIES (18,335 ) (20,391 )
NET ASSETS 319,493 243,676

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 100 100
Retained earnings 319,393 243,576
SHAREHOLDERS' FUNDS 319,493 243,676

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:





Mr O D Parry - Director


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 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty 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 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 27 (2023 - 24 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 1
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Motor
property property fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 517,145 42,088 85,680 3,500 648,413
Additions - 2,475 5,666 - 8,141
At 31 December 2024 517,145 44,563 91,346 3,500 656,554
DEPRECIATION
At 1 January 2024 6,895 6,413 30,059 233 43,600
Charge for year 10,343 4,457 13,639 700 29,139
At 31 December 2024 17,238 10,870 43,698 933 72,739
NET BOOK VALUE
At 31 December 2024 499,907 33,693 47,648 2,567 583,815
At 31 December 2023 510,250 35,675 55,621 3,267 604,813

7. STOCKS
31.12.24 31.12.23
£    £   
Stocks 29,026 29,382
Kitchen stock 8,000 10,000
37,026 39,382

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 10,355 1,875
Amounts owed from related
parties 213,584 198,560
Prepayments & accrued income 58,773 91,411
282,712 291,846

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts (see note 11)
12,174

12,100
Other loans (see note 11) 85,987 189,459
Trade creditors 31,277 54,034
Tax 51,328 44,926
Social security and other taxes - 5,970
Pension 297 379
Machine gaming duty - 114
VAT 13,172 7,386
Other creditors Mrs J Parry 1,200 1,400
Other creditors 100 150
Directors' current accounts 58,800 69,191
Accrued expenses 8,567 23,798
262,902 408,907

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans (see note 11) 5,683 17,917
Other loans (see note 11) 335,070 407,321
340,753 425,238

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
98,161 201,559

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
89,972 87,750

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
250,781 298,863

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.