COMPANY REGISTRATION NUMBER:
14002973
|
Filleted Unaudited Accounts |
|
|
Statement of Financial Position |
|
31 March 2025
|
2025 |
2024 |
|
|
(restated) |
|
Note |
£ |
£ |
|
|
|
Fixed assets
Current assets
|
Debtors |
5 |
1,151,732 |
665,895 |
|
Cash at bank and in hand |
2,043 |
2,043 |
|
------------ |
--------- |
|
1,153,775 |
667,938 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
(
975,449) |
(
487,406) |
|
------------ |
--------- |
|
Net current assets |
178,326 |
180,532 |
|
--------- |
--------- |
|
Total assets less current liabilities |
178,526 |
180,732 |
|
--------- |
--------- |
|
Net assets |
178,526 |
180,732 |
|
--------- |
--------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
100 |
100 |
|
Profit and loss account |
178,426 |
180,632 |
|
--------- |
--------- |
|
Shareholders funds |
178,526 |
180,732 |
|
--------- |
--------- |
|
|
|
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
.
|
Statement of Financial Position (continued) |
|
31 March 2025
These accounts were approved by the
board of directors
and authorised for issue on
30 October 2025
, and are signed on behalf of the board by:
Company registration number:
14002973
Year ended 31 March 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Bentinck Street, London, W1U 2FA, England.
2.
Statement of compliance
These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company is considered to be a going concern by directors on the basis that the company has the support of Yoo Capital Limited, a company related by common ownership.
Consolidation
The company has taken advantage of the option not to prepare consolidated accounts contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received on sale of stock. Revenue is recognised when significant risks and rewards of ownership have transferred to the buyer and the revenue can be measured reliably; it is probable that he associated economic benefit will flow to the entity; and the costs incurred or to be incurred in respect of the transaction can be measure reliably.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4.
Investments
|
Shares in group undertakings |
|
£ |
|
Cost |
|
|
At 1 April 2024 as restated and 31 March 2025 |
200 |
|
---- |
|
Impairment |
|
|
At 1 April 2024 as restated and 31 March 2025 |
– |
|
---- |
|
|
|
Carrying amount |
|
|
At 31 March 2025 |
200 |
|
---- |
|
At 31 March 2024 |
200 |
|
---- |
|
|
5.
Debtors
|
2025 |
2024 |
|
|
(restated) |
|
£ |
£ |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
1,151,732 |
665,895 |
|
------------ |
--------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
|
(restated) |
|
£ |
£ |
|
Other creditors |
975,449 |
487,406 |
|
--------- |
--------- |
|
|
|
7.
Prior period errors
The comparatives have been restated to show the reallocation of amounts due within other creditors and group members, there is no effect on the profit and loss or net assets of the company.
8.
Related party transactions
At 31 March 2025, a balance of £975,449 (2024: £487,406) was owed to Yoo Capital Ltd, a company related by virtue of common ownership. The Yoo Capital charged interest totalling £nil (2024: £56,456) with respect to expenses paid on behalf of
Yoo Real Estate Ltd
and is outstanding at the year end.