YCSE Holdco Limited iXBRL

Company Registration Number: 13832359

YCSE Holdco Limited

Unaudited Financial Statements

for the financial year ended 31 March 2025

YCSE Holdco Limited

DIRECTOR AND OTHER INFORMATION


Director	Michael Costello


Company Registration Number	13832359


Registered Office	International House
	36-38 Cornhill
	London
	EC3V 3NG
	England


Business Address	2nd Floor 38-43 Lincoln's Inn Fields
	London
	WC2A 3PE
	United Kingdom


Accountants	Quarter
	Chartered Accountants
	St.Annes House
	Cathedral Quarter
	15 Church Street
	Belfast
	BT1 1PG

YCSE Holdco Limited

CHARTERED ACCOUNTANTS REPORT

to the Director on the Compilation of the unaudited financial statements of YCSE Holdco Limited

for the financial year ended 31 March 2025

In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 31 March 2025 as set out on pages to which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.

This report is made solely to the director of YCSE Holdco Limited, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Director that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. 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.

We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.

You have acknowledged on the Statement of Financial Position for the year ended 31 March 2025 your duty to ensure that YCSE Holdco Limited 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 YCSE Holdco Limited . You consider that YCSE Holdco Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of YCSE Holdco Limited . For this reason, we have not verified the adequacy, 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.

QUARTER

Chartered Accountants

St.Annes House

Cathedral Quarter

15 Church Street

Belfast

BT1 1PG

23 December 2025

YCSE Holdco Limited

Company Registration Number: 13832359

STATEMENT OF FINANCIAL POSITION

as at 31 March 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Financial assets	4	1	-
		─────────	─────────

Current Assets

Receivables

36,758

272,254

Cash and cash equivalents

1,799,961

─────────

36,758

2,072,215

─────────

Payables: amounts falling due within one year

(36,713)

(663,184)

─────────

Net Current Assets

1,409,031

─────────

Total Assets less Current Liabilities

1,409,031

═════════

Equity

Called up share capital	1	1
Retained earnings	45	1,409,030
	─────────	─────────
Equity attributable to owners of the company	46	1,409,031
	═════════	═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 23 December 2025



Michael Costello
Director

YCSE Holdco Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

General Information

YCSE Holdco Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 13832359. The registered office of the company is International House, 36-38 Cornhill, London, EC3V 3NG, England. The principle activity of this company is financial consultation. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Financial assets

Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Income Statement in the financial year in which it is receivable.

Trade and other receivables

Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other payables

Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including director, during the financial year was 1.

2025

2024

Number

Number

Director

═════════


4.	Financial fixed assets
		Group and	Total
		participating
		interests/
		joint ventures
	Investments	£	£
	Cost or Valuation
	Additions	1	1
		─────────	─────────
	At 31 March 2025	1	1
		─────────	─────────
	Carrying amount
	At 31 March 2025	1	1
		═════════	═════════

4.1.

Holdings in related undertakings

The company holds 20% or more of the share capital of the following company:

Country

Nature

Details

Proportion

held by

Name

incorporation and address of Registered Office

business

investment

company

Subsidiary undertaking

TCD Advisory Limited

International House

36-38 Cornhill

London

EC3V 3NG

Financial Intermediation

Ordinary

50%

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Year ended

Capital and

Profit for

reserves

the year

TCD Advisory Limited

31 March 2025

814

1,086,680

═════════

In the opinion of the director, the value to the company of the unlisted investments is not less than the book amount shown above.


5.	Receivables	2025	2024
		£	£

	Director's current account (Note 10)	8,043	203,554
	Taxation (Note 7)	28,715	68,700
		─────────	─────────
		36,758	272,254
		═════════	═════════


6.	Payables	2025	2024
	Amounts falling due within one year	£	£

	Trade payables	1,494	1,494
	Amounts owed to group undertakings (Note 9)	30,044	-
	Amounts owed to connected parties (Note 9)	-	592,280
	Taxation (Note 7)	3,425	69,410
	Accruals	1,750	-
		─────────	─────────
		36,713	663,184
		═════════	═════════


7.	Taxation	2025	2024
		£	£

	Receivables:
	Corporation tax	28,715	68,700
		═════════	═════════
	Payables:
	Corporation tax	3,425	69,410
		═════════	═════════

Capital commitments

The company had no material capital commitments at the financial year-ended 31 March 2025.


9.	Related party transactions

	The following amounts are due to other connected parties:
		2025	2024
		£	£

	TCD Advisory Limited	-	592,280
		═════════	═════════

	YCSE Holdco Limited owns 50% of the shares of TCD Advisory Ltd. As at 1 April 2025, YCSE Holdco Limited owed £592,280 to TCD Advisory Limited. During the financial year, transfers and net transactions between the companies totalled £562,236. As of 31 March 2025, YCSE Holdco Limited owed £30,044 to TCD Advisory Limited. This balance is now included in amounts due to group companies.

Transactions and balances with group company:

2025

2024

Group Undertaking Payables

TCD Advisory Limited

30,044

═════════

10.

Director's advances, credits and guarantees

As of 1 April 2024, the company had made a loan to the director totalling £203,554. During the financial year, the net movement on the loan to the director amounting to £195,511. As of 31 March 2025, the director owed the company a balance of £8,043. Interest at the average rate of 2.21% per annum is payable, and the loan is repayable on demand by the company.

11.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the financial year-end.