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REGISTERED NUMBER: 03567076 (England and Wales)















Financial Statements

for the Year Ended 31 December 2023

for

Y.I. EUROPE LIMITED

Y.I. EUROPE LIMITED (REGISTERED NUMBER: 03567076)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2


Y.I. EUROPE LIMITED (REGISTERED NUMBER: 03567076)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Investments 5 1 9,813,361

Current assets
Debtors 6 1,000 1,000
Net current assets 1,000 1,000
Total assets less current liabilities 1,001 9,814,361

Capital and reserves
Called up share capital 7 1,000 1,000
Other reserves 9,813,361 9,813,361
Retained earnings (9,813,360 ) -
Shareholders' funds 1,001 9,814,361

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2025 and were signed on its behalf by:





M Sherman - Director


Y.I. EUROPE LIMITED (REGISTERED NUMBER: 03567076)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. Statutory information

Y.i. Europe Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03567076

Registered office: C/o Laytons LLP 3rd Floor,
Pinners Hall
105 - 108 Old Broad Street
London
EC2N 1ER

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 entity does not trade.

The accounts are prepared on a basis that differs to the going concern basis.

Investments in subsidiaries
Investments are recognised at cost less any impairments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

4. Employees and directors

The average number of employees during the year was NIL (2022 - NIL).

Y.I. EUROPE LIMITED (REGISTERED NUMBER: 03567076)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


5. Fixed asset investments
Shares in
group
undertaking
£   
Cost
At 1 January 2023 9,813,361
Impairments (9,813,360 )
At 31 December 2023 1
Net book value
At 31 December 2023 1
At 31 December 2022 9,813,361

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 1,000 1,000

7. Called up share capital

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Share capital 1 £1 1,000 1,000

8. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Antony Sassen (Senior Statutory Auditor)
for and on behalf of CLA Evelyn Partners Limited

9. Ultimate controlling party

The ultimate parent company is Young Innovations Inc, a company registered in USA. The smallest and largest group for which consolidated financial statements are prepared is Young Innovations Inc. Copies of these financial statements can be obtained from 2260 Wendt Street, Algonquin, Illinois, United States, 60012.