REGISTERED NUMBER: 11942356 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Ylang Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E M Fernandez-Prados

R Fernandez-Prados

REGISTERED OFFICE:

80 - 83 Long Lane

London

London

EC1A 9ET

REGISTERED NUMBER:

11942356 (England and Wales)

ACCOUNTANTS:

Cowan & Partners Limited

60 Constitution Street

Edinburgh

EH6 6RR

FIXED ASSETS

Tangible assets

4

933,337

941,417

Investments

5

5,551,588

5,551,588

6,484,925

6,493,005

CURRENT ASSETS

Debtors

6

25,108

23,533

Investments

7

6,163,974

4,572,402

Cash at bank

627,105

961,989

6,816,187

5,557,924

CREDITORS

Amounts falling due within one year

8

27,052

15,724

NET CURRENT ASSETS

6,789,135

5,542,200

TOTAL ASSETS LESS CURRENT LIABILITIES

13,274,060

12,035,205

CAPITAL AND RESERVES

Called up share capital

12,302,098

12,302,098

Retained earnings

971,962

(266,893

)

13,274,060

12,035,205

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 7 April 2025 and were signed on its behalf by:

Mrs E M Fernandez-Prados - Director

1.	STATUTORY INFORMATION

Ylang Ltd 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 presentation currency of the financial statements is the Euro (€).

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

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

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from services rendered is recognised by reference to the stage of completion at the balance sheet date.

Interest and dividends receivable

Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation

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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into euros at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into euros at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Listed investments

Listed investments are recognised at market value and revalued annually at the balance sheet date. Any gain or loss in revaluation is recognised in the profit & loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

€

€

€

COST

At 1 January 2024

885,000

100,042

985,042

Additions

-

12,163

12,163

At 31 December 2024

885,000

112,205

997,205

DEPRECIATION

At 1 January 2024

-

43,625

43,625

Charge for year

-

20,243

20,243

At 31 December 2024

-

63,868

63,868

NET BOOK VALUE

At 31 December 2024

885,000

48,337

933,337

At 31 December 2023

885,000

56,417

941,417

No indicators of impairment were noted in the year.

5.	FIXED ASSET INVESTMENTS

Other

investments

€

COST

At 1 January 2024

and 31 December 2024

5,551,588

NET BOOK VALUE

At 31 December 2024

5,551,588

At 31 December 2023

5,551,588

No indicators of impairment were noted in the year.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

€

€

Other debtors

25,108

23,533

7.	CURRENT ASSET INVESTMENTS

31.12.24

31.12.23

€

€

Listed investments

6,163,974

4,572,402

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

€

€

Taxation and social security

23,242

12,263

Other creditors

3,810

3,461

27,052

15,724