Yogalina Corporate and Events Limited


YOGALINA CORPORATE AND EVENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 DECEMBER 2024



































Company Registration Number: 15773759

YOGALINA CORPORATE AND EVENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024


CONTENTS									PAGES



Company information									1

Balance sheet									2

Notes to the financial statements									3 to 6

YOGALINA CORPORATE AND EVENTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD ENDED 31 DECEMBER 2024


DIRECTOR

A Skuba
appointed 12 June 2024


SECRETARY

The company does not have an appointed secretary


REGISTERED OFFICE

4 Witan Way
Witney
Oxon
OX28 6FF


COMPANY REGISTRATION NUMBER

15773759 England and Wales

YOGALINA CORPORATE AND EVENTS LIMITED

BALANCE SHEET
AS AT 31 DECEMBER 2024


	Notes	2024
		£

CURRENT ASSETS
Debtors	5	8,766
Cash at bank and in hand		2,383


		11,149

CREDITORS: Amounts falling due within one year	6	23,170
CREDITORS: Amounts falling due within one year


NET CURRENT LIABILITIES			(12,021)


NET (LIABILITIES)			(12,021)


CAPITAL AND RESERVES
Called up share capital			100
Distributable profit and loss account			(12,121)


SHAREHOLDERS' DEFICIT			(12,021)


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial period ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board




A Skuba
Director

Date approved by the board: 19 September 2025

YOGALINA CORPORATE AND EVENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024


1	GENERAL INFORMATION

	Yogalina Corporate and Events Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	4 Witan Way
	Witney
	Oxon
	OX28 6FF

	The company was incorporated and started to trade on 12 June 2024.

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Going concern

	The accounts have been drawn up on the going concern basis. The company owes its connected undertaking £15,802 and the director £1,218, both of which could be required for repayment without notice. The company is therefore dependent upon the continued support of the connected undertaking and the director. The director does not consider their own support nor the support of the connected undertaking likely to be withdrawn.

	If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets.


	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of the provision of Yoga and Well Being workshops and events as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.

YOGALINA CORPORATE AND EVENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Financial Instruments

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.


	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.


	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

YOGALINA CORPORATE AND EVENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.

	Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

	Current and deferred tax assets and liabilities are not discounted.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the director in preparing these financial statements.

4	EMPLOYEES

	The average number of persons employed by the company (including the director) during the period was:

		2024
	Average number of employees	1


5	DEBTORS
		2024
		£
	Other debtors	8,766

YOGALINA CORPORATE AND EVENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024


6	CREDITORS: Amounts falling due within one year
			2024
			£
	Accruals and deferred income		21,952
	Other creditors		1,218


			23,170


7	RELATED PARTY TRANSACTIONS

	During the period, the following transactions with related parties took place:


			2024
			£
	A Skuba
	Director
	Advances from director	The director has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the period end, the company owed the director the following amount:	1,218


			2024
			£
	Yogalina Limited
	Connected undertaking
	Loan from connected undertaking	The connected undertaking has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the period end, the company owed the connected undertaking the following amount:	15,802


			2024
			£
	Yogalina Limited
	Connected undertaking
	Recharged expenses	Expenses incurred by connected undertaking on behalf of Yogalina Corporate and Events Limited:

			20,602


	A Skuba is sole director and shareholder of Yogalina Limied.