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REGISTERED NUMBER: 09589570 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

YOUNG PROFESSIONALS IN YACHTING LONDON

YOUNG PROFESSIONALS IN YACHTING LONDON (REGISTERED NUMBER: 09589570) |

Contents of the Financial Statements

for the year ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| YOUNG PROFESSIONALS IN YACHTING LONDON |

Company Information

for the year ended 31 December 2024

| DIRECTORS: | E Akintunde

| A Wiklund

| R J Cambridge

| REGISTERED OFFICE: | The St Botolph Building

| 138 Houndsditch

| London

| EC3A 7AR

| REGISTERED NUMBER: | 09589570 (England and Wales)

| ACCOUNTANTS: | Plus Accounting

| Chartered Accountants

| Preston Park House

| South Road

| Brighton

| East Sussex

| BN1 6SB

YOUNG PROFESSIONALS IN YACHTING LONDON (REGISTERED NUMBER: 09589570) |

Balance Sheet

31 December 2024

2024 | 2023 |

| Notes | £ | £

CURRENT ASSETS

Cash at bank | 32,207 |  | 28,751 |  |

CREDITORS

Amounts falling due within one year | 4 | (15,814 | ) | (15,622 | ) |

NET CURRENT ASSETS | 16,393 |  | 13,129 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 16,393 |  | 13,129 |  |

RESERVES

Income and expenditure account | 16,393 |  | 13,129 |  |

16,393 |  | 13,129 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2025 and were signed on its behalf by:

E Akintunde - Director

YOUNG PROFESSIONALS IN YACHTING LONDON (REGISTERED NUMBER: 09589570) |

Notes to the Financial Statements

for the year ended 31 December 2024

1. | STATUTORY INFORMATION

| Young Professionals In Yachting London is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts. Revenue from the sale of services is recognised at the point of sale.

| Financial instruments

| 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 entity after deducting all of its financial liabilities.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Impairment policy

| At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an 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 asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| Going concern

| The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2023 - 3 ) .

4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

| £ | £

| Taxation and social security | 766 |  | 1,731 |  |

| Other creditors | 15,048 |  | 13,891 |  |

15,814 |  | 15,622 |  |