Company registration number 07683753 (England and Wales)
YALAROSA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
YALAROSA LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
YALAROSA LIMITED
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
FIXED ASSETS
Tangible assets
3
43,262
54,481
Investments
4
198,308
198,308
241,570
252,789
CURRENT ASSETS
Debtors
5
133,248
154,691
Cash at bank and in hand
85,715
35,002
218,963
189,693
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
6
(45,826)
(30,525)
NET CURRENT ASSETS
173,137
159,168
TOTAL ASSETS LESS CURRENT LIABILITIES
414,707
411,957
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
7
(30,478)
(38,784)
PROVISIONS FOR LIABILITIES
(10,816)
(13,619)
NET ASSETS
373,413
359,554
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss reserves
373,313
359,454
TOTAL EQUITY
373,413
359,554
YALAROSA LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024
30 June 2024
- 2 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 31 March 2025 and are signed on its behalf by:
Mr S R Jaques
Director
Company registration number 07683753 (England and Wales)
YALAROSA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
ACCOUNTING POLICIES
Company information

Yalarosa Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o SA Partners LLP, Second Floor , Y Borth, 13 Beddau Way , Caerphilly, Mid Glamorgan, CF83 2AX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of he consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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:

Plant and machinery
20% straight line
Fixtures and fittings
25% straight line
Motor vehicles
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 

YALAROSA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
ACCOUNTING POLICIES
(Continued)
- 4 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

YALAROSA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
2
EMPLOYEES

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
TANGIBLE FIXED ASSETS
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 July 2023 and 30 June 2024
3,193
8,202
53,520
64,915
Depreciation and impairment
At 1 July 2023
53
7,705
2,676
10,434
Depreciation charged in the year
639
411
10,169
11,219
At 30 June 2024
692
8,116
12,845
21,653
Carrying amount
At 30 June 2024
2,501
86
40,675
43,262
At 30 June 2023
3,140
497
50,844
54,481
4
FIXED ASSET INVESTMENTS
2024
2023
£
£
Shares in group undertakings and participating interests
198,308
198,308

The company has a 10.2% interest in SA Partners LLP. SA Partners LLP head office is: Second Floor, Y Borth, 13 Beddau Way, Castlegate Business Park, Caerphilly, CF83 2AX.

 

A copy of SA Partners LLP accounts has been sent to the Registrar of Companies.

YALAROSA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
5
DEBTORS
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
84
212
Other debtors
133,164
154,479
133,248
154,691
6
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
£
£
Trade creditors
808
361
Corporation tax
34,994
20,557
Other taxation and social security
44
-
0
Other creditors
9,980
9,607
45,826
30,525

The above includes secured creditors of £8,307 (2023 - £7,844). These balances are secured over the assets to which they relate.

7
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
2023
Notes
£
£
Obligations under finance leases
30,478
38,784

The above includes secured creditors of £30,478 (2023 - £38,784). These balances are secured over the assets to which they relate.

8
RELATED PARTY TRANSACTIONS

During the year the company received profit shares of £193,398 (2023: £284,780) and recharged expenditure of £3,412 (2023: £2,517) from and to an entity related by common directors.

 

Included within other debtors is £50,363 (2023: £105,324) due from an entity related by common directors.

YALAROSA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 7 -
9
DIRECTORS' TRANSACTIONS

Dividends totalling £73,500 (2023 - £104,000) were paid in the year in respect of shares held by the company's directors.

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Directors' Loan Account
-
48,299
162,326
(127,824)
82,801
48,299
162,326
(127,824)
82,801
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