Company No: 13651313 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

Y O Pakcan

REGISTERED OFFICE	8 Gees Court
	London W1U 1JQ
	United Kingdom

COMPANY NUMBER

13651313 (England and Wales)

ACCOUNTANT	S&W Partners (East) LLP
	Stonecross
	Trumpington High Street
	Cambridge
	CB2 9SU

	Note	2024		2023
		£		£
				Restated - note 2
Fixed assets
Investments	4	8		1
		8		1
Current assets
Debtors	5	217,000		66,137
Cash at bank and in hand		36,815		10,000
		253,815		76,137
Creditors: amounts falling due within one year	6	( 100,364)		( 37,740)
Net current assets		153,451		38,397
Total assets less current liabilities		153,459		38,398
Net assets		153,459		38,398
Capital and reserves
Called-up share capital	7	100		1
Profit and loss account		153,359		38,397
Total shareholders' funds		153,459		38,398

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 financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of YOPY LTD (registered number: 13651313) were approved and authorised for issue by the Director on 31 March 2025. They were signed on its behalf by:

Y O Pakcan Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

YOPY LTD (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 8 Gees Court , London W1U 1JQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of YOPY LTD is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

The principal activity of the Company is that of an investment company.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.

(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

2. Prior year adjustment

There was a £30,000 director's loan in 2023 which was incorrectly shown as dividends declared, this has been restated as set out below.

		As previously reported		Adjustment		As restated
Year ended 30 June 2023		£		£		£
Dividends		30,000		(30,000)		0
Amounts owed by director		31,137		30,000		61,137

3. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		2

4. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 July 2023	1		1
Additions	7		7
At 30 June 2024	8		8
Carrying value at 30 June 2024	8		8
Carrying value at 30 June 2023	1		1

5. Debtors

	2024		2023
	£		£
Amounts owed by own subsidiaries	0		5,000
Amounts owed by associates	167,000		0
Amounts owed by director	0		61,137
Other debtors	50,000		0
	217,000		66,137

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Amounts owed to Group undertakings	54,500		34,500
Amounts owed to associates	11,088		0
Amounts owed to director	33,155		0
Accruals	1,621		3,240
	100,364		37,740

7. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
51 A ordinary shares of £ 1.00 each (2023: 1 share of £ 1.00 )	51		1
49 B ordinary shares of £ 1.00 each (2023: nil shares)	49		0
	100		1
Allotted, called-up and not yet paid

In the financial year 2024 class A shares were allotted with an aggregate nominal value of £50.0 and consideration of £50 was received.

In the financial year 2024 class B shares were allotted with an aggregate nominal value of £49.0 and consideration of £49 was received.

8. Related party transactions

Transactions with entities in which the entity itself has a participating interest

	2024		2023
	£		£
Amount's due to related parties	(65,588)		0
Amounts due from related parties	167,000		5,000

Transactions with the entity's director

	2024		2023
	£		£
Director's loan account	(33,155)		61,137

During the year loans were made to the director for £47,700 (2023 - £40,500) (at an interest rate of 2.25%). The director repaid all of the loans during the year.

At the year end the company owed the director £33,155 (2023 the director owed the company £61,137) which is interest free and repayable on demand.