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Registered number: SC241487
Yoolow Developments Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Nuvo Scotland Limited
Contents
Page
Company Information 1
Accountants' Report 2
Balance Sheet 3
Statement of Changes in Equity 4
Notes to the Financial Statements 5
Page 1
Company Information
Directors Mr D Stewart
Mrs A Stewart
Secretary Grant Smith Law Practice Limited
Company Number SC241487
Registered Office Amicable House
252 Union Street
Aberdeen
AB10 1TN
Accountants Nuvo Scotland Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeen
AB12 4XX
Page 1
Page 2
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Yoolow Developments Limited for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Yoolow Developments Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Yoolow Developments Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Yoolow Developments Limited and state those matters that we have agreed to state to the directors of Yoolow Developments Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Yoolow Developments Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Yoolow Developments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Yoolow Developments Limited . You consider that Yoolow Developments Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Yoolow Developments Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
1 December 2025
Nuvo Scotland Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeen
AB12 4XX
Page 2
Page 3
Balance Sheet
Registered number: SC241487
2025 2024
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 4 - 238
Cash at bank and in hand - 1,826
- 2,064
Creditors: Amounts Falling Due Within One Year 5 (53,995 ) (45,988 )
NET CURRENT ASSETS (LIABILITIES) (53,995 ) (43,924 )
TOTAL ASSETS LESS CURRENT LIABILITIES (53,995 ) (43,924 )
Creditors: Amounts Falling Due After More Than One Year 6 - (6,882 )
NET LIABILITIES (53,995 ) (50,806 )
CAPITAL AND RESERVES
Called up share capital 2 2
Profit and Loss Account (53,997 ) (50,808 )
SHAREHOLDERS' FUNDS (53,995) (50,806)
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.
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 Profit and Loss Account.
On behalf of the board
Mrs A Stewart
Director
1 December 2025
The notes on page 5 form part of these financial statements.
Page 3
Page 4
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2023 2 (24,629 ) (24,627)
Loss for the year and total comprehensive income - (26,179 ) (26,179)
As at 31 March 2024 and 1 April 2024 2 (50,808 ) (50,806)
Loss for the year and total comprehensive income - (3,189 ) (3,189)
As at 31 March 2025 2 (53,997 ) (53,995)
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Yoolow Developments Limited is a private company, limited by shares, incorporated in Scotland, registered number SC241487 . The registered office is Amicable House, 252 Union Street, Aberdeen, AB10 1TN.
The presentation currency of the financial statements is the Pound Sterling (£).
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 directors believe that the going concern basis is not appropriate as the directors intend to cease trading.
2.3. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: 1)
- 1
4. Debtors
2025 2024
£ £
Due within one year
VAT - 238
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 248 -
Bank loans and overdrafts - 3,200
Directors' loan accounts 53,747 42,788
53,995 45,988
6. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 6,882
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr David Stewart (42,789 ) - (10,960 ) - (53,747 )
The above loan is interest free and has no fixed repayment terms.
Page 5