YAS Falcons Limited 11308465 false 2023-04-29 2024-04-28 2024-04-28 The principal activity of the company is breeding and distribution of falconidae Digita Accounts Production Advanced 6.30.9574.0 true 11308465 2023-04-29 2024-04-28 11308465 2024-04-28 11308465 bus:OrdinaryShareClass1 2024-04-28 11308465 bus:OrdinaryShareClass2 2024-04-28 11308465 core:CurrentFinancialInstruments 2024-04-28 11308465 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-28 11308465 core:FurnitureFittings 2024-04-28 11308465 core:OfficeEquipment 2024-04-28 11308465 core:OtherPropertyPlantEquipment 2024-04-28 11308465 core:PlantMachinery 2024-04-28 11308465 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-04-28 11308465 bus:SmallEntities 2023-04-29 2024-04-28 11308465 bus:AuditExemptWithAccountantsReport 2023-04-29 2024-04-28 11308465 bus:FilletedAccounts 2023-04-29 2024-04-28 11308465 bus:SmallCompaniesRegimeForAccounts 2023-04-29 2024-04-28 11308465 bus:RegisteredOffice 2023-04-29 2024-04-28 11308465 bus:Director1 2023-04-29 2024-04-28 11308465 bus:Director2 2023-04-29 2024-04-28 11308465 bus:OrdinaryShareClass1 2023-04-29 2024-04-28 11308465 bus:OrdinaryShareClass2 2023-04-29 2024-04-28 11308465 bus:PrivateLimitedCompanyLtd 2023-04-29 2024-04-28 11308465 core:FurnitureFittings 2023-04-29 2024-04-28 11308465 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2023-04-29 2024-04-28 11308465 core:OfficeEquipment 2023-04-29 2024-04-28 11308465 core:OtherPropertyPlantEquipment 2023-04-29 2024-04-28 11308465 core:PlantMachinery 2023-04-29 2024-04-28 11308465 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-04-29 2024-04-28 11308465 countries:EnglandWales 2023-04-29 2024-04-28 11308465 2023-04-28 11308465 core:FurnitureFittings 2023-04-28 11308465 core:OfficeEquipment 2023-04-28 11308465 core:OtherPropertyPlantEquipment 2023-04-28 11308465 core:PlantMachinery 2023-04-28 11308465 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-04-28 11308465 2022-04-29 2023-04-28 11308465 2023-04-28 11308465 bus:OrdinaryShareClass1 2023-04-28 11308465 bus:OrdinaryShareClass2 2023-04-28 11308465 core:CurrentFinancialInstruments 2023-04-28 11308465 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-28 11308465 core:FurnitureFittings 2023-04-28 11308465 core:OfficeEquipment 2023-04-28 11308465 core:OtherPropertyPlantEquipment 2023-04-28 11308465 core:PlantMachinery 2023-04-28 11308465 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-04-28 11308465 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-04-29 2023-04-28 11308465 2022-04-28 11308465 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-04-28 iso4217:GBP xbrli:pure xbrli:shares

Company registration number: 11308465 (England and Wales)

YAS Falcons Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 April 2024

 

YAS Falcons Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

YAS Falcons Limited

Company Information

Directors

H K F S Alhameli

M J Taylor

Registered office

4 Maple Way
Aycliffe Business Park
Newton Aycliffe
DL5 6BF

 

YAS Falcons Limited

(Registration number: 11308465)
Balance Sheet as at 28 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

173,259

197,564

Current assets

 

Debtors

5

128,758

76,620

Cash at bank and in hand

 

29,314

34,167

 

158,072

110,787

Creditors: Amounts falling due within one year

6

(375,961)

(357,289)

Net current liabilities

 

(217,889)

(246,502)

Total assets less current liabilities

 

(44,630)

(48,938)

Provisions for liabilities

(11,049)

(11,049)

Net liabilities

 

(55,679)

(59,987)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(55,779)

(60,087)

Shareholders' deficit

 

(55,679)

(59,987)

For the financial year ending 28 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 Board on 24 March 2025 and signed on its behalf by:
 

.........................................
M J Taylor
Director

 

YAS Falcons Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Maple Way
Aycliffe Business Park
Newton Aycliffe
DL5 6BF
England

These financial statements were authorised for issue by the Board on 24 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.

Group accounts not prepared

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the subsidiary qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group..

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

YAS Falcons Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 April 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

25% reducing balance

Computers

25% straight line

Hen pecks and aviaries

25% reducing balance

 

YAS Falcons Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 April 2024

Biological assets

Biological assets are recognised only when three recognition criteria have been fulfilled:
• the entity has control over the asset as a result of past events;
• it is probable that future economic benefits associated with the asset will flow to the entity; and
• the fair value or cost of the asset can be measured reliably.

Where the company opts to measure a biological asset under the fair value model on initial recognition it must
carry the asset at fair value at each reporting date. Changes in fair value less costs to sell are recognised in
profit or loss.

Where the company opts to measure agricultural produce harvested from the biological asset it is measured
at fair value less costs to sell at the point of harvest. This measurement becomes the cost at the date the
company applies Section 13 Inventories to the agricultural produce.

The company measures biological assets at cost less accumulated depreciation and accumulated impairment
losses.

In respect of agricultural produce harvested from a biological asset, this is measured at the point of harvest at
either;
• lower of cost and estimated selling price less costs to complete and sell; or
• fair value less costs to sell with any gain or loss arising on initial recognition of agricultural produce at
• fair value less costs to sell being included in profit or loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases:

Falcons 10% straight line

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 debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

 

YAS Falcons Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 April 2024

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

YAS Falcons Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 April 2024

4

Tangible assets

Hen pecks and aviaries
£

Plant and machinery
£

Office equipment
£

Biological assets
 £

Cost or valuation

At 29 April 2023

22,396

20,672

9,983

220,587

Additions

-

1,250

716

3,000

At 28 April 2024

22,396

21,922

10,699

223,587

Depreciation

At 29 April 2023

14,727

11,706

5,314

44,327

Charge for the year

1,917

2,554

2,441

22,359

At 28 April 2024

16,644

14,260

7,755

66,686

Carrying amount

At 28 April 2024

5,752

7,662

2,944

156,901

At 28 April 2023

7,669

8,966

4,669

176,260

Total
£

Cost or valuation

At 29 April 2023

273,638

Additions

4,966

At 28 April 2024

278,604

Depreciation

At 29 April 2023

76,074

Charge for the year

29,271

At 28 April 2024

105,345

Carrying amount

At 28 April 2024

173,259

At 28 April 2023

197,564

5

Debtors

Current

2024
£

2023
£

Other debtors

128,758

76,620

 

128,758

76,620

 

YAS Falcons Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 April 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

16,342

9,142

Taxation and social security

4,091

3,491

Accruals and deferred income

9,647

15,935

Other creditors

345,881

328,721

375,961

357,289

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

A ordinary shares of £1 each

50

50

50

50

B ordinary shares of £1 each

50

50

50

50

100

100

100

100

8

Related party transactions

Loans to related parties

2024

Entities with joint control or significant influence
£

Total
£

Advanced

127,197

127,197

At end of period

127,197

127,197

Loans from related parties

2024

Entities with joint control or significant influence
£

Total
£

At start of period

177,141

177,141

Repaid

(177,141)

(177,141)

At end of period

-

-

 

YAS Falcons Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 April 2024

2023

Entities with joint control or significant influence
£

Total
£

At start of period

147,102

147,102

Advanced

30,039

30,039

At end of period

177,141

177,141