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Registration number: 10214518

YR Enterprises Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

YR Enterprises Ltd

Company Information

Director

Dr Prerna Mittal

Registered office

9 Berners Place
London
W1T 3AD

Accountants

Mehta & Tengra 9 Berners Place
London
W1T 3AD

 

YR Enterprises Ltd

(Registration number: 10214518)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

25,443

162,492

Creditors: Amounts falling due within one year

4

(35,108)

(171,461)

Net liabilities

 

(9,665)

(8,969)

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

(9,765)

(9,069)

Shareholders' deficit

 

(9,665)

(8,969)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 March 2025
 

.........................................
Dr Prerna Mittal
Director

 

YR Enterprises Ltd

Statement of Changes in Equity for the Year Ended 30 June 2024

Share capital
£

Retained earnings
£

Total
£

At 1 July 2023

100

(9,068)

(8,968)

Loss for the year

-

(697)

(697)

At 30 June 2024

100

(9,765)

(9,665)

Share capital
£

Retained earnings
£

Total
£

At 1 July 2022

100

(7,580)

(7,480)

Loss for the year

-

(1,489)

(1,489)

At 30 June 2023

100

(9,069)

(8,969)

 

YR Enterprises Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
9 Berners Place
London
W1T 3AD
United Kingdom

These financial statements were authorised for issue by the director on 17 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

YR Enterprises Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

YR Enterprises Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

33,470

167,261

Accruals and deferred income

 

1,638

4,200

 

35,108

171,461

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

6

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Shareholders loan account

33,470

167,261

7

Related party transactions

Transactions with the director

2024

At 1 July 2023
£

Advances to director
£

Repayments by director
£

At 30 June 2024
£

Dr Puneet Gupta

167,261

(956,024)

822,233

33,470

2023

At 1 July 2022
£

Advances to director
£

Repayments by director
£

At 30 June 2023
£

Dr Puneet Gupta

607,775

(1,045,514)

605,000

167,261