Caseware UK (AP4) 2023.0.135 2023.0.135 true12023-07-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseThe principal activity of the company during the year was a group holding company.1false 13032224 2023-07-01 2024-06-30 13032224 2022-07-01 2023-06-30 13032224 2024-06-30 13032224 2023-06-30 13032224 c:Director1 2023-07-01 2024-06-30 13032224 d:CurrentFinancialInstruments 2024-06-30 13032224 d:CurrentFinancialInstruments 2023-06-30 13032224 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 13032224 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 13032224 d:ShareCapital 2024-06-30 13032224 d:ShareCapital 2023-06-30 13032224 d:SharePremium 2024-06-30 13032224 d:SharePremium 2023-06-30 13032224 d:RetainedEarningsAccumulatedLosses 2024-06-30 13032224 d:RetainedEarningsAccumulatedLosses 2023-06-30 13032224 c:FRS102 2023-07-01 2024-06-30 13032224 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 13032224 c:FullAccounts 2023-07-01 2024-06-30 13032224 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13032224 6 2023-07-01 2024-06-30 13032224 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 13032224













Yellowrose Ltd

Financial statements
Information for filing with the registrar

30 June 2024




 
Yellowrose Ltd


Balance sheet
At 30 June 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1
1

  
1
1

Current assets
  

Cash at bank and in hand
  
6
42

  
6
42

Creditors: amounts falling due within one year
 5 
(722,190)
(722,090)

Net current liabilities
  
 
 
(722,184)
 
 
(722,048)

Total assets less current liabilities
  
(722,183)
(722,047)

  

Net liabilities
  
(722,183)
(722,047)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Share premium account
  
1,180,251
1,180,251

Profit and loss account
  
(1,903,434)
(1,903,298)

Shareholders' deficit
  
(722,183)
(722,047)


1

 
Yellowrose Ltd

    
Balance sheet (continued)
At 30 June 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 March 2025.




Mr M A C Jagger
Director

Registered number: 13032224
The notes on pages 3 to 6 form part of these financial statements. 

2

 
Yellowrose Ltd
 
 

Notes to the financial statements
Year ended 30 June 2024

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 21 Jesmond Way, Stanmore, Middlesex, England, HA7 4QR.

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date the company had excess liabilities over assets. The director, having made due and careful enquiry, is of the opinion that the company, with the support of its parent company, has adequate working capital to execute its operations over the next 12 months. The director, therefore, has made an informed judgement, at the time of approving the financial statements, that there is reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result the directors has continued to adopt the going concern basis of accounting in preparing the annual financial accounts.
Provisions have been made to reduce assets to their recoverable amount, therefore, there is no perceived difference between preparing the accounts on a going concern basis or a cessation basis.

3

 
Yellowrose Ltd
 

 
Notes to the financial statements
Year ended 30 June 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

4

 
Yellowrose Ltd
 
 

Notes to the financial statements
Year ended 30 June 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
1,968,750



At 30 June 2024

1,968,750



Impairment


At 1 July 2023
1,968,749



At 30 June 2024

1,968,749



Net book value



At 30 June 2024
1


5.


Creditors: amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
198,692
198,692

Other creditors
521,498
521,398

Accruals and deferred income
2,000
2,000

722,190
722,090



6.


Related party transactions

During the year the company received loans from certain directors. The balance outstanding at the year end totalled £521,498 (2023: £521,398), this loan secured by means of a fixed and floating charge over the assets of the company.
The company also operates a loan facility with other group companies as shown below. These loans are unsecured, interest free and repayable upon demand.

5

 
Yellowrose Ltd
 
 

Notes to the financial statements
Year ended 30 June 2024
2024
2023
£
£



Mersten Limited
2,526
2,526

Land & Co (Holdings) Limited
196,166
196,166

Aidos Capital Ltd
-
-

Group company creditor
198,692
198,692

The Mersten Limited net creditor position reflects certain intercompany loans between Mersten and the company of £122,526 and £120,000 respectively, with repayment of the latter being subject to certain covenants under a bank facility.



 
6