2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3,199 3,188 2 3,190 9 11 xbrli:pure xbrli:shares iso4217:GBP 0645561 2023-04-01 2024-03-31 0645561 2024-03-31 0645561 2023-03-31 0645561 2022-04-01 2023-03-31 0645561 2023-03-31 0645561 2022-03-31 0645561 core:FurnitureFittings 2023-04-01 2024-03-31 0645561 bus:Director2 2023-04-01 2024-03-31 0645561 core:FurnitureFittings 2023-03-31 0645561 core:FurnitureFittings 2024-03-31 0645561 core:WithinOneYear 2024-03-31 0645561 core:WithinOneYear 2023-03-31 0645561 core:AfterOneYear 2024-03-31 0645561 core:AfterOneYear 2023-03-31 0645561 core:ShareCapital 2024-03-31 0645561 core:ShareCapital 2023-03-31 0645561 core:RetainedEarningsAccumulatedLosses 2024-03-31 0645561 core:RetainedEarningsAccumulatedLosses 2023-03-31 0645561 core:FurnitureFittings 2023-03-31 0645561 bus:SmallEntities 2023-04-01 2024-03-31 0645561 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 0645561 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 0645561 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 0645561 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 0645561
Yayin Investment Co. Limited
Filleted Unaudited Financial Statements
31 March 2024
Yayin Investment Co. Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
9
11
Current assets
Stocks
380,969
380,969
Debtors
6
1,690,660
1,608,167
Cash at bank and in hand
237,369
319,658
------------
------------
2,308,998
2,308,794
Creditors: amounts falling due within one year
7
837,529
832,355
------------
------------
Net current assets
1,471,469
1,476,439
------------
------------
Total assets less current liabilities
1,471,478
1,476,450
Creditors: amounts falling due after more than one year
8
570,493
570,438
------------
------------
Net assets
900,985
906,012
------------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
900,885
905,912
---------
---------
Shareholders funds
900,985
906,012
---------
---------
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 March 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 .
Yayin Investment Co. Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 16 May 2025 , and are signed on behalf of the board by:
Mrs D Feldman
Director
Company registration number: 0645561
Yayin Investment Co. Limited
Notes to the Financial Statements
Year ended 31 March 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 Hallswelle House, 1 Hallswelle Road, London, NW11 ODH.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & fittings
-
15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 April 2023 and 31 March 2024
3,199
3,199
-------
-------
Depreciation
At 1 April 2023
3,188
3,188
Charge for the year
2
2
-------
-------
At 31 March 2024
3,190
3,190
-------
-------
Carrying amount
At 31 March 2024
9
9
-------
-------
At 31 March 2023
11
11
-------
-------
6. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
200,452
200,452
Other debtors
1,490,208
1,407,715
------------
------------
1,690,660
1,608,167
------------
------------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
510,511
507,260
Corporation tax
8,452
Amounts owed to other related companies
111,624
114,900
Other creditors
215,394
201,743
---------
---------
837,529
832,355
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
570,493
570,438
---------
---------
9. Related party transactions
Loan account balances with related companies are shown separately in the debtors and creditors notes to the accounts.
10. Controlling party
The ultimate parent company is Sapello Investments Limited.