Registered number
10804728
Yetu Management Ltd
Report and Accounts
30 June 2024
www.chartered.org
Yetu Management Ltd
Company Information
Director
Baraka Rumamba
Accountants
Abell Limited
128 Cannon Workshops
Cannon Drive
London E14 4AS
Registered office
128 Cannon Workshops
Cannon Drive
Canary Wharf
London E14 4AS
EC1V 2NX
Registered number
10804728
Yetu Management Ltd
Registered number: 10804728
Director's Report
The director presents his report and accounts for the year ended 30 June 2024.
Principal activities
The company during the year was making preparations to operate an international investment fund. The complex process is through an arts-leds process of engagement with key investors.
Directors
The following persons served as directors during the year:
Baraka Rumamba
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 28 March 2025 and signed on its behalf.
Baraka Rumamba
Director
Yetu Management Ltd
for the year ended 30 June 2024
Accountants' report to the director of
Yetu Management Ltd
You consider that the company is exempt from an audit for the year ended 30 June 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Abell Limited
Chartered Accountants
128 Cannon Workshops
Cannon Drive
London E14 4AS
28 March 2025
Yetu Management Ltd
Registered number: 10804728
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 78,408 78,408
Creditors: amounts falling due within one year 4 (26,477) (75,528)
Net current assets 51,931 2,880
Total assets less current liabilities 51,931 2,880
Creditors: amounts falling due after more than one year 5 (95,000) (40,000)
Net liabilities (43,069) (37,120)
Capital and reserves
Called up share capital 5,100 5,100
Profit and loss account (48,169) (42,220)
Shareholder's funds (43,069) (37,120)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Baraka Rumamba
Director
Approved by the board on 28 March 2025
Yetu Management Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 78,408 78,408
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 18,096 8,096
Trade creditors 1,974 -
Corporation tax 2 2
Other taxes and social security costs (1,008) 182
Other creditors 7,413 67,248
26,477 75,528
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 95,000 40,000
6 Other information
Yetu Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
128 Cannon Workshops
Cannon Drive
Canary Wharf
London E14 4AS
EC1V 2NX
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