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Registration number: 14086076

Yarowa Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 December 2024

 

Yarowa Ltd

Contents

Company Information

1

Directors' Report

2

Abridged Balance Sheet

3 to 4

Notes to the Unaudited Abridged Financial Statements

5 to 7

 

Yarowa Ltd

Company Information

Directors

W E Koch

A D Akeret

U Marti

Registered office

Fox Court
14 Gray's Inn Road
London
WC1X 8HN

 

Yarowa Ltd

Directors' Report for the Year Ended 31 December 2024

The directors present their report and the abridged financial statements for the year ended 31 December 2024.

Directors of the company

The directors who held office during the year were as follows:

W E Koch

A D Akeret

U Marti

P Tombs (ceased 29 February 2024)

Principal activity

The principal activity of the company is software development.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 1 April 2025 and signed on its behalf by:
 

.........................................
W E Koch
Director

 

Yarowa Ltd

(Registration number: 14086076)
Abridged Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

1,609

2,496

Current assets

 

Debtors

142,353

108,146

Cash at bank and in hand

 

1,155

32,093

 

143,508

140,239

Prepayments and accrued income

 

2,705

2,927

Creditors: Amounts falling due within one year

(11,496)

(28,654)

Net current assets

 

134,717

114,512

Total assets less current liabilities

 

136,326

117,008

Creditors: Amounts falling due after more than one year

(287,297)

(283,040)

Accruals and deferred income

 

(20,669)

(19,612)

Net liabilities

 

(171,640)

(185,644)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(171,740)

(185,744)

Shareholders' deficit

 

(171,640)

(185,644)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet and have elected to take the option not to file the Profit and Loss Account in accordance with Section 444 of the Companies Act 2006

 

Yarowa Ltd

(Registration number: 14086076)
Abridged Balance Sheet as at 31 December 2024

Approved and authorised by the Board on 1 April 2025 and signed on its behalf by:
 

.........................................

W E Koch

Director

 

Yarowa Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Fox Court
14 Gray's Inn Road
London
WC1X 8HN
United Kingdom

These financial statements were authorised for issue by the Board on 1 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

Straight line - 4 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Yarowa Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Yarowa Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 3).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

887

887

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

3,547

3,547

At 31 December 2024

3,547

3,547

Depreciation

At 1 January 2024

1,051

1,051

Charge for the year

887

887

At 31 December 2024

1,938

1,938

Carrying amount

At 31 December 2024

1,609

1,609

At 31 December 2023

2,496

2,496

6

Related party transactions

Summary of transactions with parent

​Included within other operating income is a recharge to the parent company of £406,381 (2023: £580,999). At the year end, £141,460 (2023: £105,099) remains receivable.

The parent company, Yarowa AG, has subordinated its claim to all existing and future claims of the outstanding loan, to the value of £278,857.

The amounts owed to the parent are interest bearing, at an annual rate of 1.5%. The payment terms deem the liability to be non-current.