YHGEP Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC717456 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

YHGEP Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTOR:

C Barrett-Freeman

REGISTERED OFFICE:

16 Ravelston House Park

Edinburgh

EH4 3LU

REGISTERED NUMBER:

SC717456 (Scotland)

ACCOUNTANTS:

Goddard Accounting and Tax Solutions

Ben Loyal Lodge

25 Kenilworth Road

Bridge Of Allan

Stirling

FK9 4EH

FIXED ASSETS

Tangible assets

4

19,254

CURRENT ASSETS

Debtors

5

4,530

12,163

Cash at bank

18,963

8,629

23,493

20,792

CREDITORS

Amounts falling due within one year

6

36,435

39,760

NET CURRENT LIABILITIES

(12,942

)

(18,968

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,312

286

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

6,310

284

SHAREHOLDERS' FUNDS

6,312

286

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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 director and authorised for issue on 1 December 2025 and were signed by:

C Barrett-Freeman - Director

1.	STATUTORY INFORMATION

YHGEP Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets represent improvements to leasehold property. No depreciation has been considered appropriate.

Taxation

Taxation for the year comprises current 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2024

and 31 March 2025

19,254

NET BOOK VALUE

At 31 March 2025

19,254

At 31 March 2024

19,254

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

4,530

12,163

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

43

41

Amounts owed to group undertakings

-

6,754

Taxation and social security

1,414

67

Other creditors

34,978

32,898

36,435

39,760

7.	RELATED PARTY DISCLOSURES

Director Conrad Freeman-Barrett is also a director and shareholder of both Insight Software Edinburgh Limited, and of YHGE LTD.

In previous year, Insight Software Edinburgh Limited ('ISE') funded certain expenditure of YHGEP LTD directly, and, through loans. These loans have been repaid. The balance due to ISE at 31 March 2025 was £Nil (31 March 2024 - £6,754).

YHGEP LTD has ISE and YHGE LTD amongst its tenants. ISE uses the premises for office space and YHGE LTD runs a martial and performance arts group. During the year, ISE and YHGE paid rents of £9,000 and £21,232 respectively to YHGEP LTD for the sub-lease of premises.

Balance as at 31 March 25, £20,697 (2024: £26,648) was the amount due to Conrad Freeman-Barrett, director and shareholder. No interest has been charged.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of YHGEP Ltd for the year ended 31 March 2025 which comprise the Income Statement, 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of YHGEP Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of YHGEP Ltd and state those matters that we have agreed to state to the director of YHGEP Ltd in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that YHGEP Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of YHGEP Ltd. You consider that YHGEP Ltd 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 financial statements of YHGEP Ltd. 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 statutory financial statements.

Goddard Accounting and Tax Solutions

Ben Loyal Lodge

25 Kenilworth Road

Bridge Of Allan

Stirling

FK9 4EH

1 December 2025