Registration number: NI651850

Yippee Events Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 6

Yippee Events Ltd

(Registration number: NI651850)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	263,413	283,153
Current assets
Cash at bank and in hand		15,501	40,012
Creditors: Amounts falling due within one year	5	(38,438)	(87,797)
Net current liabilities		(22,937)	(47,785)
Total assets less current liabilities		240,476	235,368
Creditors: Amounts falling due after more than one year	5	(60,642)	(84,997)
Provisions for liabilities		(45,969)	(33,303)
Net assets		133,865	117,068
Capital and reserves
Called up share capital	7	2	2
Retained earnings		133,863	117,066
Shareholders' funds		133,865	117,068

For the financial 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; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 December 2025 and signed on its behalf by:
 

......................................... Mr P McNeilly Company secretary and director

Yippee Events Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern ireland.

The address of its registered office is:
Unit 4
53A Loan Road
Cullybackey
Ballymena
BT42 1PS

These financial statements were authorised for issue by the Board on 17 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Yippee Events Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The company assesses at each reporting date whether tangible fixed assets are impaired.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures & Fittings	25% Straight Line
Plant & Machinery	20% Straight Line
Motor Vehicles	20% Straight Line
Office Equipment	25% Straight Line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Yippee Events Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	316,342	250,744	32,682	599,768
Additions	45,043	13,500	45,723	104,266
At 31 March 2025	361,385	264,244	78,405	704,034
Depreciation
At 1 April 2024	198,450	105,027	13,137	316,614
Charge for the year	65,337	44,589	14,081	124,007
At 31 March 2025	263,787	149,616	27,218	440,621
Carrying amount
At 31 March 2025	97,598	114,628	51,187	263,413
At 31 March 2024	117,891	145,717	19,545	283,153

Yippee Events Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	6	23,646	23,646
Trade creditors		10,033	-
Amounts due to related parties	9	44	55,844
Social security and other taxes		945	5,207
Accruals		3,770	3,100
		38,438	87,797
Due after one year
Loans and borrowings	6	60,642	84,997

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	6	60,642	84,997

6	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	4,890	9,742
Hire purchase contracts	55,752	75,255
	60,642	84,997

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	4,758	4,758
Hire purchase contracts	18,888	18,888
	23,646	23,646

Yippee Events Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2

8

Dividends

		2025		2024
		£		£

9	Related party transactions

Expenditure with and payables to related parties

2025	Key management £
Amounts payable to related party	44

2024	Key management £
Amounts payable to related party	55,845

10	Parent and ultimate parent undertaking

The ultimate controlling party is Paul McNeilly & Joel McNeilly.