YOUNG ASSOCIATES LIMITED

Company Registration Number:
03164279 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

YOUNG ASSOCIATES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

YOUNG ASSOCIATES LIMITED

Company Information

for the Period Ended 31 December 2024




Director: S J Alberga
Y Kurtzbard
Secretary: S J Alberga
Registered office: 100
Marylebone Road
London
NW1 5DX
Company Registration Number: 03164279 (England and Wales)

YOUNG ASSOCIATES LIMITED

Balance sheet

As at 31 December 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 4,954 3,707
Total fixed assets: 4,954 3,707
Current assets
Debtors: 16,369 4,960
Cash at bank and in hand: 86,526 68,511
Total current assets: 102,895 73,471
Creditors: amounts falling due within one year: ( 92,217 ) ( 67,805 )
Net current assets (liabilities): 10,678 5,666
Total assets less current liabilities: 15,632 9,373
Accruals and deferred income: ( 1,350 ) ( 1,250 )
Total net assets (liabilities): 14,282 8,123

The notes form part of these financial statements

YOUNG ASSOCIATES LIMITED

Balance sheet continued

As at 31 December 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 257,334 260,667
Profit and loss account: ( 243,052 ) ( 252,544 )
Shareholders funds: 14,282 8,123

For the year ending 31 December 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

This report was approved by the board of directors on 22 April 2025
And Signed On Behalf Of The Board By:

Name: S J Alberga
Status: Director

Name: Y Kurtzbard
Status: Director

The notes form part of these financial statements

YOUNG ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

    Tangible fixed assets depreciation policy

    Property, plant and equipment 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 estimated useful lives on the following bases:

    Fixtures and Fittings 20% straight line

YOUNG ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 4

YOUNG ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 3. Off balance sheet disclosure

    No

YOUNG ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible Assets

Total
Cost £
At 01 January 2024 26,282
Additions 2,398
Disposals (14,634)
Revaluations -
Transfers -
At 31 December 2024 14,046
Depreciation
At 01 January 2024 22,575
Charge for year 1,151
On disposals (14,634)
Other adjustments -
At 31 December 2024 9,092
Net book value
At 31 December 2024 4,954
At 31 December 2023 3,707

YOUNG ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5.1.Related party disclosures

Name of related party: Micad Investment Holdings Limited
Description of relationship:
S J Alberga and Y Kurtzbard both have a shareholding in Micad Investment Holdings Limited and are also board members.
Description of the transaction:
Fees and rechargeable expenses
Balance at 01 January 2024 0
Balance at 31 December 2024 0