REGISTERED NUMBER: 04943654 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

YORK ASSOCIATES INTERNATIONAL LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

I F Faure

S Le Gault

S Bradshaw

J Raine

REGISTERED OFFICE:

Peasholme House

St Saviours Place

York

YO1 7PJ

REGISTERED NUMBER:

04943654 (England and Wales)

SENIOR STATUTORY AUDITOR:

Rachel Davis BA FCA

AUDITORS:

Just Audit Limited

Chartered Accountants & Statutory

Auditors

Strelley Hall, Main Street

Strelley, Nottingham

NG8 6PE

FIXED ASSETS

Intangible assets

4

11,800

23,600

Tangible assets

5

13,567

17,018

Investments

6

102

102

25,469

40,720

CURRENT ASSETS

Debtors

7

825,918

801,464

Cash at bank and in hand

214,164

136,310

1,040,082

937,774

CREDITORS

Amounts falling due within one year

8

1,005,365

761,398

NET CURRENT ASSETS

34,717

176,376

TOTAL ASSETS LESS CURRENT LIABILITIES

60,186

217,096

CREDITORS

Amounts falling due after more than one year

9

(13,518

)

(23,822

)

PROVISIONS FOR LIABILITIES

-

(3,233

)

NET ASSETS

46,668

190,041

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Share premium

98,550

98,550

Other reserves

300

300

Retained earnings

(54,182

)

89,191

SHAREHOLDERS' FUNDS

46,668

190,041

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 12th September 2025 and were signed on its behalf by:

S Le Gault - Director

1.	STATUTORY INFORMATION

York Associates International Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when the right to consideration becomes due.

Goodwill and intangible fixed assets

Goodwill amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

- Goodwill from transfer of Partnership on 31/12/2003 - 20 years straight line basis.

From the date of transition to FRS102 Section 1A 9 years remained and it was not considered that any change was required to the amortisation policy.

- Goodwill from purchase of an existing trade on 29/04/2016 is amortised over 10 years on a straight line basis. This is considered a reasonable estimate of useful life by the board.

Goodwill and Intangible assets are measured at cost. After initial recognition, Goodwill and Intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment.

Deferred consideration for the purchase of goodwill which has not yet been paid has been estimated and included in the overall Goodwill value.

Business combinations, the value of the separate elements have only been included to the extent that they can be reliably valued.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

15% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

The tangible fixed assets are originally recognised at cost, the residual values and useful economic lives are reviewed at the end of each accounting period.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Treatment of loans from group undertakings

Loans received from the parent company have been recognised at the present value of the cash flows using a market rate of interest of 9%.

The difference between the initial carrying amount of the loan and the amount repayable is included within the Capital contribution reserve which is included within equity.

Each year the effective interest is included within the profit & loss accounts and the amount is written off as a transfer between capital contribution reserve and profit and loss reserve to match the unwinding discount passing through the profit & loss reserve.

Current and deferred taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Presentation currency

The accounts are presented in GBP.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Going concern

At the time of approving the financial statements, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future due to the fact that the company has continued support of the group. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2024

and 31st December 2024

219,755

AMORTISATION

At 1st January 2024

196,155

Charge for year

11,800

At 31st December 2024

207,955

NET BOOK VALUE

At 31st December 2024

11,800

At 31st December 2023

23,600

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1st January 2024

77,107

15,361

91,573

184,041

Additions

-

1,905

-

1,905

At 31st December 2024

77,107

17,266

91,573

185,946

DEPRECIATION

At 1st January 2024

77,107

14,466

75,450

167,023

Charge for year

-

834

4,522

5,356

At 31st December 2024

77,107

15,300

79,972

172,379

NET BOOK VALUE

At 31st December 2024

-

1,966

11,601

13,567

At 31st December 2023

-

895

16,123

17,018

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2024

and 31st December 2024

102

NET BOOK VALUE

At 31st December 2024

102

At 31st December 2023

102

7.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

743,200

646,445

Amounts owed by group undertakings

-

23,596

Other debtors

82,552

131,423

825,752

801,464

Amounts falling due after more than one year:

Other debtors

166

-

Aggregate amounts

825,918

801,464

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 10)

10,050

9,800

Trade creditors

133,178

182,127

Amounts owed to group undertakings

48,215

36,413

Taxation and social security

10,176

13,950

Other creditors

803,746

519,108

1,005,365

761,398

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 10)

13,518

23,822

10.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

10,050

9,800

Amounts falling due between two and five years:

Bank loans - 2-5 years

13,518

23,822

Bank loans represent bounce back loans secured by the government.

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Rachel Davis BA FCA (Senior Statutory Auditor)

for and on behalf of Just Audit Limited

12.	CONTINGENT LIABILITIES

The company is in the process of negotiating a lease renewal. As part of those negotiations, it is possible that the company may need to fund the cost of certain dilapidations to the building they currently occupy and have done so for many years.

The stage of the negotiations and information available is not sufficiently advanced to be able to assess the potential liability with any degree of accuracy or reliability. In the directors' opinion the range of potential outcomes are between £30,000 and £140,000; the upper figure being based on a landlords estimate obtained 4 years ago which estimate is considered excessive by the Directors.

13.	RELATED PARTY DISCLOSURES

Claret Holdings Limited

Majority shareholder of York Associates International Ltd

Claret Holdings Limited granted an unsecured, interest-free loan to York Associates International Ltd:

The net present value of the balance outstanding at the year end date is £Nil (2023: £Nil) and is included within amounts owed to group undertakings (see note 8 and 9).

Repayments made in the year totalled £Nil (2023: £30,155).

The Loan was repaid in full in 2023.

A loan was made to Claret Holdings Limited in 2023 of £23,596, within the year £28,087 was repaid in the form of a dividend leaving a balance owed to Claret Holdings Limited of £4,491. No interest has been charged and the loan will be repaid within 12 months and is included within amounts owed to group undertakings.

Purchases of £26,839 (2023: £40,298) were made with fellow group companies. The amount outstanding as at the year end and included within amounts owed to group undertakings was £43,723 (2023: £36,413). There is no interest due on these amounts and they are repayable on demand.

The parent undertaking of the smallest group which prepares consolidated financial statements which include the results of York Associates International Limited is Claret Holdings Limited. Its registered office address is:

ESE Building

Paceville Avenue

St Julians

Malta

14.	TRANSACTIONS WITH DIRECTORS

At the balance sheet date, the company owed £642 to the directors. No interest was charged in respect of this loan which is repayable on demand and is presented within creditors due within one year.

In 2023 the Directors owed £3,371 to the company. No interest was charged in respect of this loan which has now been repaid in full and was presented within debtors due within one year.