IRIS Accounts Production v24.3.2.46 15198150 Board of Directors Board of Directors 9.10.23 30.6.24 30.6.24 false true false false false true false A Ordinary shares 0.01000 B Ordinary shares 0.01000 0.01000 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh151981502023-10-08151981502024-06-30151981502023-10-092024-06-30151981502023-10-0815198150ns15:EnglandWales2023-10-092024-06-3015198150ns14:PoundSterling2023-10-092024-06-3015198150ns10:Director12023-10-092024-06-3015198150ns10:Director22023-10-092024-06-3015198150ns10:PrivateLimitedCompanyLtd2023-10-092024-06-3015198150ns10:SmallEntities2023-10-092024-06-3015198150ns10:AuditExempt-NoAccountantsReport2023-10-092024-06-3015198150ns10:SmallCompaniesRegimeForDirectorsReport2023-10-092024-06-3015198150ns10:SmallCompaniesRegimeForAccounts2023-10-092024-06-3015198150ns10:FullAccounts2023-10-092024-06-301519815012023-10-092024-06-3015198150ns10:OrdinaryShareClass12023-10-092024-06-3015198150ns10:OrdinaryShareClass22023-10-092024-06-30151981501ns10:OrdinaryShareClass12023-10-092024-06-30151981502ns10:OrdinaryShareClass22023-10-092024-06-3015198150ns10:Director32023-10-092024-06-3015198150ns10:Director42023-10-092024-06-3015198150ns10:Director52023-10-092024-06-3015198150ns10:RegisteredOffice2023-10-092024-06-3015198150ns5:CurrentFinancialInstruments2024-06-3015198150ns5:Non-currentFinancialInstruments2024-06-3015198150ns5:ShareCapital2024-06-3015198150ns5:RetainedEarningsAccumulatedLosses2024-06-3015198150ns5:NetGoodwill2023-10-092024-06-3015198150ns5:IntangibleAssetsOtherThanGoodwill2023-10-092024-06-3015198150ns5:ComputerSoftware2023-10-092024-06-3015198150ns5:LandBuildings2023-10-092024-06-3015198150ns5:PlantMachinery2023-10-092024-06-3015198150ns5:NetGoodwill2024-06-3015198150ns5:IntangibleAssetsOtherThanGoodwill2024-06-3015198150ns5:LandBuildings2024-06-3015198150ns5:PlantMachinery2024-06-3015198150ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3015198150ns5:Secured2024-06-3015198150ns10:OrdinaryShareClass12024-06-3015198150ns10:OrdinaryShareClass22024-06-30
REGISTERED NUMBER: 15198150 (England and Wales)






















YGC Partners Limited

Unaudited Financial Statements

for the Period 9th October 2023 to 30th June 2024






YGC Partners Limited (Registered number: 15198150)






Contents of the Financial Statements
for the period 9th October 2023 to 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YGC Partners Limited

Company Information
for the period 9th October 2023 to 30th June 2024







DIRECTORS: C P Barker
M W Farnsworth
S Mcnair
T A T Megginson
D R Stanhope





REGISTERED OFFICE: Tong Garden Centre
Tong Lane
Bradford
BD4 0RY





REGISTERED NUMBER: 15198150 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

YGC Partners Limited (Registered number: 15198150)

Balance Sheet
30th June 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 5
Tangible assets 5 154,674
154,679

CURRENT ASSETS
Stocks 671,362
Debtors 6 211,589
Cash at bank and in hand 741,601
1,624,552
CREDITORS
Amounts falling due within one year 7 1,379,471
NET CURRENT ASSETS 245,081
TOTAL ASSETS LESS CURRENT
LIABILITIES

399,760

CREDITORS
Amounts falling due after more than one
year

8

(250,000

)

PROVISIONS FOR LIABILITIES (27,528 )
NET ASSETS 122,232

CAPITAL AND RESERVES
Called up share capital 10 1,000
Retained earnings 121,232
SHAREHOLDERS' FUNDS 122,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th June 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.

YGC Partners Limited (Registered number: 15198150)

Balance Sheet - continued
30th June 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 Board of Directors and authorised for issue on 22nd February 2025 and were signed on its behalf by:




M W Farnsworth - Director



C P Barker - Director


YGC Partners Limited (Registered number: 15198150)

Notes to the Financial Statements
for the period 9th October 2023 to 30th June 2024

1. STATUTORY INFORMATION

YGC Partners 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.

The company was incorporated on 9th October 2023 and changed its accounting reference date to 30th June 2024. These financial statements are the Company's first financial statements.

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 2024, is being amortised evenly over its estimated useful life of nil 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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Over lease term
Plant and machinery etc - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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.


YGC Partners Limited (Registered number: 15198150)

Notes to the Financial Statements - continued
for the period 9th October 2023 to 30th June 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 113 .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
Additions 1 4 5
At 30th June 2024 1 4 5
NET BOOK VALUE
At 30th June 2024 1 4 5

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 46,422 122,288 168,710
At 30th June 2024 46,422 122,288 168,710
DEPRECIATION
Charge for period 1,857 12,179 14,036
At 30th June 2024 1,857 12,179 14,036
NET BOOK VALUE
At 30th June 2024 44,565 110,109 154,674

YGC Partners Limited (Registered number: 15198150)

Notes to the Financial Statements - continued
for the period 9th October 2023 to 30th June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 98
Other debtors 211,491
211,589

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 422,158
Taxation and social security 336,746
Other creditors 620,567
1,379,471

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 250,000

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Other loans 250,000

The loan is secured by a fixed and floating charge over the companys assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
50,000 A Ordinary shares £0.01 500
50,000 B Ordinary shares £0.01 500
1,000

The following shares were allotted and fully paid for cash at par during the period:

50,000 A Ordinary shares shares of £0.01 each
50,000 B Ordinary shares shares of £0.01 each

The A Ordinary Shares and B Ordinary Shares constitute different classes of shares for the purposes of the Companies Act 2006 but, save as otherwise provided in the Articles of Association, the A Ordinary Shares and B Ordinary Shares shall rank pari passu in all respects.

11. OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £4,756,700 of which £417,478 falls due for payment within one year.