Acorah Software Products - Accounts Production 16.2.850 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 14014852 Mr Paul Sharp Ms Samantha Sharp iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14014852 2023-11-30 14014852 2024-11-30 14014852 2023-12-01 2024-11-30 14014852 frs-core:CurrentFinancialInstruments 2024-11-30 14014852 frs-core:Non-currentFinancialInstruments 2024-11-30 14014852 frs-core:InvestmentPropertyIncludedWithinPPE 2024-11-30 14014852 frs-core:ShareCapital 2024-11-30 14014852 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 14014852 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 14014852 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 14014852 frs-bus:SmallEntities 2023-12-01 2024-11-30 14014852 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 14014852 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 14014852 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-11-30 14014852 frs-bus:Director1 2023-12-01 2024-11-30 14014852 frs-bus:Director2 2023-12-01 2024-11-30 14014852 frs-countries:EnglandWales 2023-12-01 2024-11-30 14014852 2022-11-30 14014852 2023-11-30 14014852 2022-12-01 2023-11-30 14014852 frs-core:CurrentFinancialInstruments 2023-11-30 14014852 frs-core:Non-currentFinancialInstruments 2023-11-30 14014852 frs-core:ShareCapital 2023-11-30 14014852 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 14014852 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-11-30
Registered number: 14014852
Yellowstone Holdings Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14014852
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,200,000 1,156,422
1,200,000 1,156,422
CURRENT ASSETS
Cash at bank and in hand 2,294 13,144
2,294 13,144
Creditors: Amounts Falling Due Within One Year 5 (128,792 ) (122,695 )
NET CURRENT ASSETS (LIABILITIES) (126,498 ) (109,551 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,073,502 1,046,871
Creditors: Amounts Falling Due After More Than One Year 6 (767,786 ) (812,748 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,894 ) -
NET ASSETS 294,822 234,123
CAPITAL AND RESERVES
Called up share capital 8 1,100 1,100
Fair value reserve 9 32,683 -
Profit and Loss Account 261,039 233,023
SHAREHOLDERS' FUNDS 294,822 234,123
Page 1
Page 2
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Sharp
Director
Ms Samantha Sharp
Director
24 February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Yellowstone Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14014852 . The registered office is Unit 2 Tweedale Industrial Estate North, Madeley, Telford, Shropshire, TF7 4JT.
The financial statements are presented in pound sterling (£) and rounded to the nearest whole £.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
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 parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
...CONTINUED
Page 3
Page 4
2.4. Financial Instruments - continued
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are
not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 December 2023 1,156,422
Revaluations 43,578
Depreciation and impairment -
As at 30 November 2024 1,200,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
as restated
£ £
Cost 1,156,422 1,156,422
Accumulated depreciation and impairment 53,965 30,837
Carrying amount 1,102,457 1,125,585
Page 4
Page 5
The directors have considered the open market value as at the balance sheet date and in their opinion the valuation recognised represents the property’s fair value at that date.
If the revalued investment property was sold at their current market valuation of £1,200,000 an estimated charge to corporation tax of £10,894 would arise.
5. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Bank loans and overdrafts 46,869 48,189
Corporation tax 9,172 10,850
VAT 3,661 3,328
Accruals and deferred income 1,250 1,250
Directors' loan accounts 4,647 147
Amounts owed to subsidiaries 63,193 58,931
128,792 122,695
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Bank loans 767,786 812,748
7. Secured Creditors
The bank loans are secured by way of fixed and floating charges over the assets of the company, held by National Westminster Bank PLC, delivered on 28 June 2022 and 15 August 2022.
2024 2023
as restated
£ £
Bank loans and overdrafts 814,655 860,937
8. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 1,100 1,100
9. Reserves
Fair Value Reserve
£
Movements in fair value reserve 32,683
As at 30 November 2024 32,683
Page 5