Silverfin false false 31/01/2025 01/02/2024 31/01/2025 R Heron 03/01/2012 M Jardine 03/01/2012 21 July 2025 The principal activity of the Company during the financial year was running a yachting website. 07895890 2025-01-31 07895890 bus:Director1 2025-01-31 07895890 bus:Director2 2025-01-31 07895890 2024-01-31 07895890 core:CurrentFinancialInstruments 2025-01-31 07895890 core:CurrentFinancialInstruments 2024-01-31 07895890 core:Non-currentFinancialInstruments 2025-01-31 07895890 core:Non-currentFinancialInstruments 2024-01-31 07895890 core:ShareCapital 2025-01-31 07895890 core:ShareCapital 2024-01-31 07895890 core:RetainedEarningsAccumulatedLosses 2025-01-31 07895890 core:RetainedEarningsAccumulatedLosses 2024-01-31 07895890 core:Goodwill 2024-01-31 07895890 core:Goodwill 2025-01-31 07895890 core:Vehicles 2024-01-31 07895890 core:OfficeEquipment 2024-01-31 07895890 core:ComputerEquipment 2024-01-31 07895890 core:Vehicles 2025-01-31 07895890 core:OfficeEquipment 2025-01-31 07895890 core:ComputerEquipment 2025-01-31 07895890 bus:OrdinaryShareClass1 2025-01-31 07895890 bus:OrdinaryShareClass2 2025-01-31 07895890 2024-02-01 2025-01-31 07895890 bus:FilletedAccounts 2024-02-01 2025-01-31 07895890 bus:SmallEntities 2024-02-01 2025-01-31 07895890 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 07895890 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 07895890 bus:Director1 2024-02-01 2025-01-31 07895890 bus:Director2 2024-02-01 2025-01-31 07895890 core:Goodwill core:TopRangeValue 2024-02-01 2025-01-31 07895890 core:Goodwill 2024-02-01 2025-01-31 07895890 core:Vehicles core:TopRangeValue 2024-02-01 2025-01-31 07895890 core:OfficeEquipment core:TopRangeValue 2024-02-01 2025-01-31 07895890 core:ComputerEquipment core:TopRangeValue 2024-02-01 2025-01-31 07895890 2023-02-01 2024-01-31 07895890 core:Vehicles 2024-02-01 2025-01-31 07895890 core:OfficeEquipment 2024-02-01 2025-01-31 07895890 core:ComputerEquipment 2024-02-01 2025-01-31 07895890 core:CurrentFinancialInstruments 2024-02-01 2025-01-31 07895890 core:Non-currentFinancialInstruments 2024-02-01 2025-01-31 07895890 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 07895890 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 07895890 bus:OrdinaryShareClass2 2024-02-01 2025-01-31 07895890 bus:OrdinaryShareClass2 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07895890 (England and Wales)

YY ONLINE SERVICES LTD

Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

YY ONLINE SERVICES LTD

Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

YY ONLINE SERVICES LTD

BALANCE SHEET

As at 31 January 2025
YY ONLINE SERVICES LTD

BALANCE SHEET (continued)

As at 31 January 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 4 36,131 1,632
36,131 1,632
Current assets
Debtors 5 55,791 70,599
Cash at bank and in hand 55,562 57,479
111,353 128,078
Creditors: amounts falling due within one year 6 ( 44,638) ( 44,443)
Net current assets 66,715 83,635
Total assets less current liabilities 102,846 85,267
Creditors: amounts falling due after more than one year 7 ( 24,673) 0
Net assets 78,173 85,267
Capital and reserves
Called-up share capital 8 200 200
Profit and loss account 77,973 85,067
Total shareholders' funds 78,173 85,267

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of YY Online Services Ltd (registered number: 07895890) were approved and authorised for issue by the Board of Directors on 21 July 2025. They were signed on its behalf by:

M Jardine
Director
YY ONLINE SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
YY ONLINE SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

YY Online Services Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Goodwill

Goodwill arising on the acquisition of subsidiary undertakings and business, representing any excess of the fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired, is capitalised and written off on a straight line basis over its useful economic life, which is 5 years. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Vehicles 5 years straight line
Office equipment 3 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 February 2024 124,890 124,890
At 31 January 2025 124,890 124,890
Accumulated amortisation
At 01 February 2024 124,890 124,890
At 31 January 2025 124,890 124,890
Net book value
At 31 January 2025 0 0
At 31 January 2024 0 0

4. Tangible assets

Vehicles Office equipment Computer equipment Total
£ £ £ £
Cost
At 01 February 2024 0 7,979 6,334 14,313
Additions 37,550 0 3,423 40,973
At 31 January 2025 37,550 7,979 9,757 55,286
Accumulated depreciation
At 01 February 2024 0 7,979 4,702 12,681
Charge for the financial year 4,694 0 1,780 6,474
At 31 January 2025 4,694 7,979 6,482 19,155
Net book value
At 31 January 2025 32,856 0 3,275 36,131
At 31 January 2024 0 0 1,632 1,632

5. Debtors

2025 2024
£ £
Trade debtors 55,695 61,232
Corporation tax 0 9,367
Other debtors 96 0
55,791 70,599

6. Creditors: amounts falling due within one year

2025 2024
£ £
Corporation tax 24,642 29,392
Other taxation and social security 10,854 10,316
Other creditors 9,142 4,735
44,638 44,443

There are no amounts included above in respect of which any security has been given by the small entity.

7. Creditors: amounts falling due after more than one year

2025 2024
£ £
Other loans (secured) 24,673 0

Hire purchase loans are secured against the assets to which they relate to.

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary A shares of £ 1.00 each 100 100
100 Ordinary B shares of £ 1.00 each 100 100
200 200