ACCOUNTS - Final Accounts preparation

Registered number: 15337919

YOKOY LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

YOKOY LIMITED

REGISTERED NUMBER: 15337919

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024
		£

Fixed assets
Tangible assets	4		797
			797
Current assets
Debtors: amounts falling due within one year	5	351,456
Cash at bank and in hand	6	34,637
		386,093
Creditors: amounts falling due within one year	7	(342,295)
Net current assets			43,798

Net assets			44,595

Capital and reserves
Called up share capital			1
Profit and loss account			44,594
			44,595

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 December 2025.

T J Inhelder

Director

The notes on pages 2 to 8 form part of these financial statements.

Page 1

YOKOY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	General information

Yokoy Limited is a private company, limited by shares, incorporated in England and Wales, registered number 15337919. Its registered office is 7-12 Noel Street, 7th Floor, London, W1F 8GQ.

The principal activity of the company is providing cost-plus operational services to the Yokoy Group and servicing UK customers.

The company was incorporated on the 9 December 2023 and presents its first period of account to 31 December 2024.

The financial statements are rounded to the nearest pound sterling.

The significant accounting policies applied in the presentation of these financial statements are set out below.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on the going concern basis which is dependent on continued financial support from TravelPerk Inc., the company's ultimate controlling party.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

YOKOY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.5

Current and deferred taxation

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

YOKOY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Computer equipment

6 years straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Other income

Other operating income represents transfer pricing adjustments.

Employees

The average monthly number of employees, including directors, during the period was 10.

Page 4

YOKOY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	Additions	957
	At 31 December 2024	957
	Depreciation
	Charge for the period on owned assets	160
	At 31 December 2024	160
	Net book value
	At 31 December 2024	797

Page 5

YOKOY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

Debtors

					2024
					£


	Amounts owed by group undertakings	273,245
	Other debtors	57,557
	Prepayments and accrued income	14,903
	Deferred taxation (see note 8)	5,751
		351,456

6.	Cash and cash equivalents
		2024
		£

	Cash at bank and in hand	34,637
		34,637

7.	Creditors: Amounts falling due within one year
		2024
		£

	Trade creditors	42,392
	Amounts owed to group undertakings	8,632
	Corporation tax	21,360
	Other taxation and social security	86,826
	Other creditors	36,352
	Accruals and deferred income	146,733
		342,295

Page 6

YOKOY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

8.	Deferred taxation

		2024
		£

	Credited to profit or loss	5,751
	At end of year	5,751

	The deferred tax asset is made up as follows:
					2024
					£

	Accelerated capital allowances	(199)
	Short term timing differences	5,950
		5,751

9.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £27,694. Contributions totalling £35,528 were payable to the fund at the balance sheet date and are included in creditors.

10.	Related party transactions
	The company has taken advantage of the exemption from the requirements of Section 33 Related Party Disclosures to disclose transactions with group companies in the same 100% group.

11.	Post balance sheet events

On 28 January 2025, TravelPerk Inc. acquired Yokoy Holdings AG, the Company’s ultimate parent undertaking. As this transaction occurred after the year end, it is treated as a non-adjusting event in accordance with FRS 102 Section 1A. The acquisition does not affect the amounts recognised in these financial statements.

12.	Controlling party

The Directors consider the controlling party to be the parent company which is, Yokoy Holding AG. The registered address of Yokoy Group AG is Heinrichstrasse 267A, 8005 Zurich, Switzerland.

For the 2024 financial statements, Yokoy Limited is consolidated into the Yokoy Group AG group, which is also the smallest and largest group for which consolidated financial statements are prepared.

Page 7

YOKOY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

13.	Auditor's information

The auditor's report on the financial statements for the period ended 31 December 2024 was unqualified.

The audit report was signed on 23 December 2025 by Tasneem Bharmal FCCA (Senior Statutory Auditor) on behalf of MHA.

Page 8