Company Registration No. 09082379 (England and Wales)
Youqam Ventures Limited
Unaudited accounts
for the year ended 29 December 2024
Youqam Ventures Limited
Unaudited accounts
Contents
Youqam Ventures Limited
Company Information
for the year ended 29 December 2024
Company Number
09082379 (England and Wales)
Registered Office
Carlisle Business Centre
Carlisle Road
Bradford
BD8 8BD
United Kingdom
Accountants
Pinnacle Chartered Accountants & Tax Advisors
The Elsie Whiteley Innovation Centre
Hopwood Lane
Halifax
HX1 5ER
Youqam Ventures Limited
Statement of financial position
as at 29 December 2024
Investment property
693,000
670,000
Cash at bank and in hand
64,213
5,264
Creditors: amounts falling due within one year
(356,405)
(380,085)
Net current assets/(liabilities)
92,082
(13,861)
Total assets less current liabilities
785,171
656,139
Creditors: amounts falling due after more than one year
(358,680)
(348,941)
Provisions for liabilities
Net assets
406,696
307,198
Youqam Ventures Limited
Statement of financial position
as at 29 December 2024 (continued)
Called up share capital
1,000
1,000
Fair value reserve
137,645
91,279
Profit and loss account
268,051
214,919
Shareholders' funds
406,696
307,198
For the year ending 29 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 September 2025 and were signed on its behalf by
Mr Tanveer Qamar
Director
Company Registration No. 09082379
Youqam Ventures Limited
Notes to the Accounts
for the year ended 29 December 2024
Youqam Ventures Limited is a private company, limited by shares, registered in England and Wales, registration number 09082379. The registered office is Carlisle Business Centre, Carlisle Road, Bradford, BD8 8BD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Deferred taxation
2024
2023
Accelerated capital allowances
19,795
-
Charged to the profit and loss account
19,795
-
Provision at end of year
19,795
-
Youqam Ventures Limited
Notes to the Accounts
for the year ended 29 December 2024
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).