Young Black Limited SC570129 true 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is non-trading during the year under review Digita Accounts Production Advanced 6.30.9574.0 true R A Hudson J S Samuelson J Dock false SC570129 2024-01-01 2024-12-31 SC570129 2024-12-31 SC570129 core:ShareCapital 2024-12-31 SC570129 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 SC570129 bus:FRS102 2024-01-01 2024-12-31 SC570129 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC570129 bus:FullAccounts 2024-01-01 2024-12-31 SC570129 bus:RegisteredOffice 2024-01-01 2024-12-31 SC570129 bus:Director1 2024-01-01 2024-12-31 SC570129 bus:Director4 2024-01-01 2024-12-31 SC570129 bus:Director5 2024-01-01 2024-12-31 SC570129 bus:EntityHasNeverTraded 2024-01-01 2024-12-31 SC570129 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC570129 core:Associate1 2024-01-01 2024-12-31 SC570129 core:Associate1 countries:Germany 2024-01-01 2024-12-31 SC570129 core:ParentEntities 2024-01-01 2024-12-31 SC570129 1 2024-01-01 2024-12-31 SC570129 countries:EnglandWales 2024-01-01 2024-12-31 SC570129 core:CostValuation 2023-12-31 SC570129 2023-01-01 2023-12-31 SC570129 2023-12-31 SC570129 core:ShareCapital 2023-12-31 SC570129 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 SC570129 core:Associate1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registration number: SC570129

Young Black Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Young Black Limited

Profit and Loss Account for the Year Ended 31 December 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Young Black Limited

(Registration number: SC570129)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

3

3,463

3,463

Creditors: Amounts falling due within one year

4

(3,462)

(3,462)

Net assets

 

1

1

Capital and reserves

 

Called up share capital

1

1

Shareholders' funds

 

1

1

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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.

Approved and authorised by the Board on 26 April 2025 and signed on its behalf by:
 

.........................................
R A Hudson
Director

 

Young Black Limited

Notes to the Unaudited 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 and Wales.

The address of its registered office is:
272 Bath Street
Glasgow
G2 4JR

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 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 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.

Investments

Investments in associated undertakings are recognised at cost.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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.

3

Investments

2024
£

2023
£

Investments in associates

3,463

3,463

 

Young Black Limited

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

Associates

£

Cost

At 1 January 2024

3,463

Provision

Carrying amount

At 31 December 2024

3,463

At 31 December 2023

3,463

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Associates

Montana GmbH

Gstrinigt 1, 95659 Arzberg

Ordinary

25.75%

25.75%

Germany

Associates

Montana GmbH

The principal activity of Montana GmbH is Supplier of industrial fastener and tools.

4

Creditors

Note

2024
£

2023
£

Due within one year

 

Amounts due to related parties

5

3,462

3,462

5

Related party transactions

Summary of transactions with parent

There were no further transactions with the parent company during the year. At the year end, the balance due to the parent company was £3,462 (2021 - £3,462).
 

 

Young Black Limited

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

6

Parent and ultimate parent undertaking

The company's immediate parent is YB Fixings Ltd, incorporated in Scotland.

 The ultimate parent is Indutrade AB, incorporated in Sweden.

 The most senior parent entity producing publicly available financial statements is Indutrade AB. These financial statements are available upon request from https://www.indutrade.com/investors--media/reports--presentations/

 

7

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).