Company registration number 13994878 (England and Wales)
YR CHILE HOLDING LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
YR CHILE HOLDING LIMITED
CONTENTS
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
YR CHILE HOLDING LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Non-current assets
Investments
3
13,259
31,701
Current assets
Trade and other receivables
4
6,827
Cash and cash equivalents
25,758
31,979
32,585
31,979
Current liabilities
5
(5,435)
(12,259)
Net current assets
27,150
19,720
Net assets
40,409
51,421
Equity
Called up share capital
6
650,608
110,731
Retained earnings
(610,199)
(59,310)
Total equity
40,409
51,421
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 28 May 2025 and are signed on its behalf by:
Mr David Charles Brunt
Director
Company Registration No. 13994878
YR CHILE HOLDING LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2025
- 2 -
Share capital
Retained earnings
Total
Notes
£
£
£
Balance at 1 February 2023
15,906
(3,660)
12,246
Year ended 31 January 2024:
Loss and total comprehensive income
-
(55,650)
(55,650)
Issue of share capital
6
94,825
-
94,825
Balance at 31 January 2024
110,731
(59,310)
51,421
Year ended 31 January 2025:
Loss and total comprehensive income
-
(550,889)
(550,889)
Issue of share capital
6
539,877
-
539,877
Balance at 31 January 2025
650,608
(610,199)
40,409
YR CHILE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -
1
Accounting policies
Company information
YR Chile Holding Limited is a private company limited by shares incorporated in England and Wales. The registered office is Amelia House, Crescent Road, Worthing, West Sussex, BN11 1QR.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future based on financial support from Yinson Renewables Pte Ltd, the main holding company heading the Yinson Renewables group of companies. Furthermore, the ultimate holding company, Yinson Holdings Berhad, has undertaken to provide continuing financial support so that the company is able to pay its debts as and when they fall due. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.true
1.3
Non-current investments
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
YR CHILE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.
1.7
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement.
1.8
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Employees
The company had 0 employees during the current and prior period.
3
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
13,259
31,701
YR CHILE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
3
Fixed asset investments
(Continued)
- 5 -
Movements in non-current investments
Shares in subsidiaries
£
Cost or valuation
At 1 February 2024
31,701
Additions
513,538
At 31 January 2025
545,239
Impairment
At 1 February 2024
-
Impairment losses
531,980
At 31 January 2025
531,980
Carrying amount
At 31 January 2025
13,259
At 31 January 2024
31,701
4
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Trade receivables
6,827
5
Current liabilities
2025
2024
£
£
Trade payables
526
Amounts owed to group undertakings
5,973
Other payables
5,435
5,760
5,435
12,259
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of $1 each
810,000
140,000
650,608
110,731
The company allotted a further 670,000 ordinary shares with an aggregate nominal value of $670,000 during the year.
YR CHILE HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 6 -
7
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
Christopher Reeves ACA FCCA
Statutory Auditor:
Sumer Audit
Date of audit report:
29 May 2025
Sumer Audit is the trading name of Sumer Auditco Limited
8
Parent company
The parent company is Yinson Renewables Pte. Ltd. which is incorporated in Singapore.
The ultimate parent is Yinson Holdings Berhad, a listed company incorporated in Malaysia who prepares consolidated financial statements which can be obtained from Level 16, Menara South Point, Mid Valley City, Medan Syed Putra Selatan, 59200 Kuala Lumpur.