0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 287,175 287,175 287,175 xbrli:pure xbrli:shares iso4217:GBP 07366871 2023-08-01 2024-07-31 07366871 2024-07-31 07366871 2023-07-31 07366871 2022-08-01 2023-07-31 07366871 2023-07-31 07366871 2022-07-31 07366871 bus:Director1 2023-08-01 2024-07-31 07366871 core:WithinOneYear 2024-07-31 07366871 core:WithinOneYear 2023-07-31 07366871 core:ShareCapital 2024-07-31 07366871 core:ShareCapital 2023-07-31 07366871 core:RetainedEarningsAccumulatedLosses 2024-07-31 07366871 core:RetainedEarningsAccumulatedLosses 2023-07-31 07366871 core:CostValuation core:Non-currentFinancialInstruments 2024-07-31 07366871 core:Non-currentFinancialInstruments 2024-07-31 07366871 core:Non-currentFinancialInstruments 2023-07-31 07366871 bus:SmallEntities 2023-08-01 2024-07-31 07366871 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 07366871 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 07366871 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07366871 bus:FullAccounts 2023-08-01 2024-07-31 07366871 core:Subsidiary1 2023-08-01 2024-07-31
COMPANY REGISTRATION NUMBER: 07366871
Ysgol Holdings Limited
Filleted Unaudited Financial Statements
31 July 2024
Ysgol Holdings Limited
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
£
Fixed assets
Investments
4
287,175
287,175
Current assets
Cash at bank and in hand
140
Creditors: amounts falling due within one year
5
110,769
110,629
---------
---------
Net current liabilities
110,629
110,629
---------
---------
Total assets less current liabilities
176,546
176,546
---------
---------
Net assets
176,546
176,546
---------
---------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
175,546
175,546
---------
---------
Shareholders funds
176,546
176,546
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 April 2025 , and are signed on behalf of the board by:
Mr T Hughes
Director
Company registration number: 07366871
Ysgol Holdings Limited
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Picton Lane, Swansea, SA1 4AF.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Financial instruments
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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Investments
Shares in group undertakings
£
Cost
At 1 August 2023 and 31 July 2024
287,175
---------
Impairment
At 1 August 2023 and 31 July 2024
---------
Carrying amount
At 31 July 2024
287,175
---------
At 31 July 2023
287,175
---------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
109,989
109,909
Other creditors
780
720
---------
---------
110,769
110,629
---------
---------
6. Related party transactions
The company was not under control of any one particular party during the period. Ysgol Pharmacy Limited, a UK subsidiary , is owed £109,890 (2023 £109,810) by the Company at the end of the financial year. Management Charges of £1,100 were invoiced to Ysgol Pharmacy Limited during the year.