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Registered number: 14514635
Project Yonder Ip Ltd
Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 14514635
31 January 2025 31 January 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 44,516 59,355
44,516 59,355
Creditors: Amounts Falling Due Within One Year 5 (74,764 ) (74,764 )
NET CURRENT ASSETS (LIABILITIES) (74,764 ) (74,764 )
TOTAL ASSETS LESS CURRENT LIABILITIES (30,248 ) (15,409 )
NET LIABILITIES (30,248 ) (15,409 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Income Statement (30,348 ) (15,509 )
SHAREHOLDERS' FUNDS (30,248) (15,409)
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For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Ms G Robertson
Director
22 October 2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Project Yonder Ip Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14514635 . The registered office is Unit 8 Platform Business Centre, Haywood Way, Hastings, East Sussex, TN35 4FB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis, despite the loss for the period and deficit of shareholders' funds, as the group's directors and financers have confirmed that they will continue to provide financial support to the group for the foreseeable future to enable it to meet its financial liabilities as they fall due.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets represent trade mark registration costs and associated design and development costs pertaining to the company's bespoke van designs and fibreglass pods.
They are amortised to the income statement over the estimated useful economic life of 5 years.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
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4. Intangible Assets
Intellectual Property
£
Cost
As at 1 February 2024 74,194
As at 31 January 2025 74,194
Amortisation
As at 1 February 2024 14,839
Provided during the period 14,839
As at 31 January 2025 29,678
Net Book Value
As at 31 January 2025 44,516
As at 1 February 2024 59,355
5. Creditors: Amounts Falling Due Within One Year
31 January 2025 31 January 2024
£ £
Amounts owed to group undertakings 74,764 74,764
6. Share Capital
31 January 2025 31 January 2024
£ £
Allotted, Called up and fully paid 100 100
7. Related Party Transactions
During the previous year, Project Yonder Ltd ("PYL"), a fellow group undertaking, made payments on behalf of the company, and recharged directors' salary costs of £41,118 and rent of £9,613.  As at 31 January 2025, the company owed PYL £74,764 (2024: £74,764).
The loan is interest free and repayable upon demand.
8. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Project Yonder Holdings Ltd .  The group is classified as small as defined by The Companies Act 2006 and is therefore exempt from the requirement to prepare consolidated financial statements.
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