BrightAccountsProduction v1.0.0 v1.0.0 2023-06-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts Providing other sports activities to the general public. 21 February 2025 0 0 NI646477 2024-05-31 NI646477 2023-05-31 NI646477 2022-05-31 NI646477 2023-06-01 2024-05-31 NI646477 2022-06-01 2023-05-31 NI646477 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 NI646477 uk-curr:PoundSterling 2023-06-01 2024-05-31 NI646477 uk-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 NI646477 uk-bus:FullAccounts 2023-06-01 2024-05-31 NI646477 uk-bus:Director1 2023-06-01 2024-05-31 NI646477 uk-bus:Director2 2023-06-01 2024-05-31 NI646477 uk-bus:Director3 2023-06-01 2024-05-31 NI646477 uk-bus:Agent1 2023-06-01 2024-05-31 NI646477 uk-core:ShareCapital 2024-05-31 NI646477 uk-core:ShareCapital 2023-05-31 NI646477 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 NI646477 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 NI646477 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-05-31 NI646477 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-05-31 NI646477 uk-bus:FRS102 2023-06-01 2024-05-31 NI646477 uk-core:LandBuildings 2023-06-01 2024-05-31 NI646477 uk-core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 NI646477 uk-core:WithinOneYear 2024-05-31 NI646477 uk-core:WithinOneYear 2023-05-31 NI646477 uk-core:WithinOneYear 2024-05-31 NI646477 uk-core:WithinOneYear 2023-05-31 NI646477 uk-core:BetweenOneTwoYears 2024-05-31 NI646477 uk-core:BetweenOneTwoYears 2023-05-31 NI646477 uk-core:BetweenTwoFiveYears 2024-05-31 NI646477 uk-core:BetweenTwoFiveYears 2023-05-31 NI646477 2023-06-01 2024-05-31 NI646477 uk-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI646477
 
 
Yoga Quarter Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 May 2024
Yoga Quarter Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Phillip Rankin
Susan McEwen
Alice Wilkinson (Resigned 18 January 2024)
 
 
Company Registration Number NI646477
 
 
Business Address 57 Feney Road
Magheralin
Craigavon
Co. Armagh
BT67 0RF
Northern Ireland
 
 
Accountants MG accountants
(Portadown)
25-27 Carleton Street
Portadown
Co. Armagh
BT62 3EP
Northern Ireland



Yoga Quarter Limited
Company Registration Number: NI646477
BALANCE SHEET
as at 31 May 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 33,028 35,353
───────── ─────────
 
Current Assets
Cash and cash equivalents 18,507 12,905
Creditors: amounts falling due within one year 5 (73,346) (76,099)
───────── ─────────
Net Current Liabilities (54,839) (63,194)
───────── ─────────
Total Assets less Current Liabilities (21,811) (27,841)
 
Creditors:
amounts falling due after more than one year 6 (4,398) (8,407)
───────── ─────────
Net Liabilities (26,209) (36,248)
═════════ ═════════
 
Capital and Reserves
Called up share capital (7,422) (7,422)
Retained earnings (18,787) (28,826)
───────── ─────────
Equity attributable to owners of the company (26,209) (36,248)
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 21 February 2025 and signed on its behalf by
           
           
________________________________          
Phillip Rankin          
Director          
           



Yoga Quarter Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 May 2024

   
1. General Information
 
Yoga Quarter Limited is a company limited by shares incorporated in Northern Ireland.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 May 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents the total invoice value, excluding value added tax, of services provided during the year. Turnover is measured at the fair value of the consideration received or receivable for services rendered. The company recognises turnover when the service has been provided in full.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 2% Straight line
  Fixtures, fittings and equipment - 20% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Share capital of the company
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
 
Preference share capital
The dividend rights of the preference shares are non-cumulative and payment is at the discretion of the company. The preference shares carry voting rights at meetings. Based on their characteristics the preference shares are considered to be presented as equity and not liabilities. There is no option to redeem the preference shares.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 4, (2023 - 3).
         
4. Tangible assets
  Land and Fixtures, Total
  buildings fittings and  
  freehold equipment  
  £ £ £
Cost
At 1 June 2023 28,838 15,458 44,296
  ───────── ───────── ─────────
 
At 31 May 2024 28,838 15,458 44,296
  ───────── ───────── ─────────
Depreciation
At 1 June 2023 2,227 6,716 8,943
Charge for the financial year 577 1,748 2,325
  ───────── ───────── ─────────
At 31 May 2024 2,804 8,464 11,268
  ───────── ───────── ─────────
Net book value
At 31 May 2024 26,034 6,994 33,028
  ═════════ ═════════ ═════════
At 31 May 2023 26,611 8,742 35,353
  ═════════ ═════════ ═════════
       
5. Creditors 2024 2023
Amounts falling due within one year £ £
 
Bank Loan 4,259 4,259
Taxation  (Note 7) 17,442 23,680
Directors' current accounts 48,394 46,576
Other creditors 1,351 -
Accruals 1,900 1,584
  ───────── ─────────
  73,346 76,099
  ═════════ ═════════
       
6. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Bank Loan 4,398 8,407
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 5) 4,259 4,259
Repayable between one and two years 4,398 4,260
Repayable between two and five years - 4,147
  ───────── ─────────
  8,657 12,666
  ═════════ ═════════
 
       
7. Taxation 2024 2023
  £ £
 
Creditors:
VAT 14,541 20,889
Corporation tax 2,901 -
PAYE / NI - 2,791
  ───────── ─────────
  17,442 23,680
  ═════════ ═════════
       
8. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 May 2024.
   
9. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.