The notes on pages 2 to 9 form part of these financial statements.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

Yorkshire Prosperity Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6 Blenheim Terrace, Leeds, United Kingdom LS2 9HZ.

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 £.

The company made a loss for the year of £622,951 (2023: £497,252) and had net liabilities of £1,212,780 (2023: net liabilities of £589,829). The directors have assessed the company’s ability to continue as a going concern for the foreseeable future. The company benefits from a letter of support from its parent confirming that it will provide financial support for at least the next 12 months if required.true

At a group level, the profit after tax for the year was £679,217 (2023: £3,950,885) and the group reported net liabilities of £1,096,987 (2023: net assets of £6,850,817). The movement from net assets to net liabilities is primarily explained by the dividend of £8,627,021 paid to shareholders which reduced reserves accordingly.

While the group reported net liabilities, it had cash balances of £7,625,169 as at the year end. The group also benefits from a committed £50,000,000 revolving facility with MAAN Investments Limited, owned and controlled by Al-Najafi family.

The directors have undertaken a formal going concern assessment covering a period of at least 12 months from the date of approval of these financial statements. This assessment considered the company’s forecasts, principal risks and sensitivities, the level of available financial resources, and the wider group funding arrangements. Based on this review, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due, and accordingly the financial statements have been prepared on a going concern basis.

Turnover is the amount derived from the provision of services, and stated after trade discounts, other sales taxes and net of VAT.

Revenue from consultancy and offshore advisory work are fees in relation to compliance and tax advisory services and stated after other sales taxes and net of VAT.

Revenue from insurance arrangement, finder and planning fees are fees on identified projects and stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

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.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors 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.

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.

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

In preparing these financial statements, the Directors have had to make following judgements:

• Determine whether leases entered into by the Company either as a lessor or a lessee are operating or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease basis.

The average monthly number of persons (including directors) employed by the company during the year was:

Amounts owed by Group undertakings are unsecured, repayable on demand and interest free.

Included within 'Trade debtors' and 'Other debtors due after more than one year' is a balance due from a related party. This balance has been referred to in note 15.

Amounts owed to Group undertakings are unsecured, repayable on demand and interest free.

Included within 'Other creditors' is a balance owed to a related party. This balance has been referred to in note 15.

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

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 is unqualified.

On 20 May 2025, Dales Investments Holdings Limited (Co. Number 12765027) purchased a further 9% of the issued share capital of Y&D Holdco Limited (Co. Number 14984379) for a consideration of £1,260,000.

As 100% of the voting rights of the Company are controlled within the group headed by YPP Holdings Limited the Company has taken advantage of the exemption contained in section 1AC.35 of FRS 102 and has therefore not disclosed transactions or balances with entities which form part of the Group.

Yorkshire Prosperity Limited, MAAN Investments Limited and MAAN Enterprises Limited are all controlled by the Al-Najafi family.

A loan agreement was signed on 16 July 2020 between MAAN Investments Limited and Yorkshire Prosperity Limited for a revolving finance facility of £50,000,000 ending at 31st December 2035. This agreement covered all previous loans outstanding. As at 31 December 2024, a balance of £167,069 (2024: £169,444) was owed by MAAN Investments Limited. This balance is included in ‘Other debtors’ in note 5.

During the year, total sales with MAAN Enterprises Limited were £nil (2023: £88) and total costs were £2,375 (2023: £248,705). As at 31 December 2024, a balance of £nil (2023: £88) was owed by MAAN Enterprises Limited and is included in 'Trade debtors' in note 5. As at 31 December 2024, balance of £nil (2023: £25,000) was owed to MAAN Enterprises Limited. This balance is included in 'Trade creditors' in note 7.

Other transactions between the Company and its related parties are disclosed below. Related parties are those entities entities which are controlled or jointly controlled by MAAN including those entities where the Al- Najafi family have significant influence.

During the year the company entered into the following transactions with related parties:

All sales and other transactions were conducted on normal trading terms to the related parties.

Key management personnel are considered to be the directors. The total compensation paid to key management personnel for services provided to the group are disclosed in note 3.

The immediate parent undertaking is Y&D Holdco Limited, a company registered in England and Wales. The registered office of Y&D Holdco Limited is 6 Blenheim Terrace, Leeds, England, LS2 9HZ.

The group in which the results are consolidated is that headed by YPP Holdings Limited. Copies of the YPP Holdings Limited consolidated financial statements can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

The ultimate controlling party of YPP Holdings Limited is the Al Najafi family.