1 October 2023 v2025.30.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP109667642023-10-012024-09-30109667642024-09-30109667642023-09-3010966764core:WithinOneYear2024-09-3010966764core:WithinOneYear2023-09-3010966764core:ShareCapital2024-09-3010966764core:ShareCapital2023-09-3010966764core:RetainedEarningsAccumulatedLosses2024-09-3010966764core:RetainedEarningsAccumulatedLosses2023-09-3010966764bus:Director12023-10-012024-09-3010966764bus:RegisteredOffice2023-10-012024-09-30109667642022-10-012023-09-301096676412023-10-012024-09-3010966764countries:EnglandWales2023-10-012024-09-3010966764bus:AuditExempt-NoAccountantsReport2023-10-012024-09-3010966764bus:PrivateLimitedCompanyLtd2023-10-012024-09-3010966764bus:SmallEntities2023-10-012024-09-3010966764bus:FullAccounts2023-10-012024-09-30
Company registration number:
10966764
YORK CREDIT CAPITAL LTD
Unaudited Filleted Financial Statements for the year ended
30 September 2024
YORK CREDIT CAPITAL LTD
Statement of Financial Position
30 September 2024
20242023
Note££
Current assets    
Debtors 5 -  
9,265
 
Cash at bank and in hand
456
 
456
 
456
 
9,721
 
Creditors: amounts falling due within one year 6
(2,469
)
(10,939
)
Net current liabilities
(2,013
)
(1,218
)
Total assets less current liabilities (2,013 ) (1,218 )
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(2,113
)
(1,318
)
Shareholders deficit
(2,013
)
(1,218
)
For the year ending
30 September 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
22 May 2025
, and are signed on behalf of the board by:
M Michaelides
Director
Company registration number:
10966764
YORK CREDIT CAPITAL LTD
Notes to the Financial Statements
Year ended
30 September 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
202 Liverpool Road
,
London
,
N1 1LE
, United Kingdom.
The principal activity of the company is that of back office business support and intermediation services. The company did not trade during the year

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the presentation and functional currency of the company.

Going concern

At the balance sheet date the company had a net balance sheet deficit of £2,013 (2023: £1,218). The director and shareholders confirm that they will continue to support the company financially and consider that the company is a going concern and therefore have prepared the financial statements on this basis.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis.Revisions to accounting estimates are recognised in the period in which the estimates is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
1
).

5 Debtors

20242023
££
Trade debtors -  
9,265
 

6 Creditors: amounts falling due within one year

20242023
££
Trade creditors
39
 
39
 
Other creditors
2,430
 
10,900
 
2,469
 
10,939
 

8 Controlling party

The ultimate controlling party is the director, M Michaelides.