Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 2024-04-01 false to maintain and operate an airplane primarily for use by the two members of the LLP 0 0 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC416603 2024-04-01 2025-03-31 OC416603 2023-04-01 2024-03-31 OC416603 2025-03-31 OC416603 2024-03-31 OC416603 c:MotorVehicles 2024-04-01 2025-03-31 OC416603 c:MotorVehicles 2025-03-31 OC416603 c:MotorVehicles 2024-03-31 OC416603 c:MotorVehicles c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC416603 c:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 OC416603 c:OtherPropertyPlantEquipment 2025-03-31 OC416603 c:OtherPropertyPlantEquipment 2024-03-31 OC416603 c:OtherPropertyPlantEquipment c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC416603 c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC416603 c:CurrentFinancialInstruments 2025-03-31 OC416603 c:CurrentFinancialInstruments 2024-03-31 OC416603 c:CurrentFinancialInstruments 2 2025-03-31 OC416603 c:CurrentFinancialInstruments 2 2024-03-31 OC416603 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC416603 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC416603 c:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2025-03-31 OC416603 c:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 OC416603 e:FRS102 2024-04-01 2025-03-31 OC416603 e:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC416603 e:FullAccounts 2024-04-01 2025-03-31 OC416603 e:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC416603 e:PartnerLLP1 2024-04-01 2025-03-31 OC416603 e:PartnerLLP3 2024-04-01 2025-03-31 OC416603 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-03-31 OC416603 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC416603 c:FurtherSpecificReserve2ComponentTotalEquity 2025-03-31 OC416603 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC416603 f:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC416603 YELLOW SKIES LLP UNAUDITED MEMBERS' REPORT AND FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
YELLOW SKIES LLP CONTENTS
| Page
Balance Sheet | 1 - 2
Reconciliation of Members' Interests | 3
Notes to the Financial Statements | 4 - 7
YELLOW SKIES LLP REGISTERED NUMBER: OC416603 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 3,065,858 |  | 3,246,203
|  |  | 3,065,858 |  | 3,246,203
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 98,662 |  | 67,984 |
Cash at bank and in hand | 6 | 61,030 |  | 244,458 |
|  | 159,692 |  | 312,442 |
Creditors: Amounts Falling Due Within One Year | 7 | (159,693) |  | (312,443) |
Net current liabilities |  |  | (1) |  | (1)
Total assets less current liabilities |  |  | 3,065,857 |  | 3,246,202
Net assets |  |  | 3,065,857 |  | 3,246,202
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Members' other interests |  |  |  |  |
Members' capital classified as equity |  | 4,522,870 |  | 4,522,870 |
Other reserves classified as equity |  | (1,457,013) |  | (1,276,668) |
|  |  | 3,065,857 |  | 3,246,202
|  |  | 3,065,857 |  | 3,246,202
Total members' interests |  |  |  |  |
Amounts due from members (included in debtors) | 5 |  | (95,198) |  | (61,175)
Members' other interests |  |  | 3,065,857 |  | 3,246,202
|  |  | 2,970,659 |  | 3,185,027
Page 1
YELLOW SKIES LLP REGISTERED NUMBER: OC416603 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime. The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements. The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime. The financial statements were approved and authorised for issue by the members and were signed on their behalf on 21 January 2026.
H E M Osmond | Pembroke Trustees Limited as Trustee of the Avion Trust
Designated member | Designated member
The notes on pages 4 to 7 form part of these financial statements. Page 2
YELLOW SKIES LLP RECONCILIATION OF MEMBERS' INTERESTS FOR THE YEAR ENDED 31 MARCH 2025
| EQUITY Members' other interests | DEBT Loans and other debts due to members less any amounts due from members in debtors | Total members' interests
| Members' capital (classified as equity) | Other reserves | Total | Other amounts | Total
| £ | £ | £ | £ | £
Amounts due from members |  |  |  | (8,969) |
Balance at 1 April 2023 | 4,522,870 | (1,096,323) | 3,426,547 | (8,969) | 3,417,578
Loss for the year available for discretionary division among members | - | (180,345) | (180,345) | - | (180,345)
Members' interests after loss for the year | 4,522,870 | (1,276,668) | 3,246,202 | (8,969) | 3,237,233
Amounts introduced by members | - | - | - | (276,706) | (276,706)
Payment by members | - | - | - | 224,500 | 224,500
Amounts due from members |  |  |  | (61,175) |
Balance at 31 March 2024 | 4,522,870 | (1,276,668) | 3,246,202 | (61,175) | 3,185,027
Loss for the year available for discretionary division among members | - | (180,345) | (180,345) | - | (180,345)
Members' interests after loss for the year | 4,522,870 | (1,457,013) | 3,065,857 | (61,175) | 3,004,682
Amounts introduced by members | - | - | - | (567,189) | (567,189)
Payment by members | - | - | - | 533,166 | 533,166
Amounts due from members |  |  |  | (95,198) |
Balance at 31 March 2025 | 4,522,870 | (1,457,013) | 3,065,857 | (95,198) | 2,970,659
The notes on pages 4 to 7 form part of these financial statements.
Under the partnership agreement relating to the LLP, the members' capital amounts paid into the LLP may only be withdrawn by the relevant member if he ceases to be a member or the LLP is wound up or otherwise dissolved.
Page 3
YELLOW SKIES LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Yellow Skies LLP is a partnership with limited liability that is incorporated in England and Wales. The registered office is St Mary's House, 42 Vicarage Crescent, London. SW11 3LD and the LLP registration number is OC416603. 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the LLP's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Going concern
The members have confirmed that they will provide financial support to the LLP to assist it in meeting its normal operational liabilities as and when they fall due, but only to the extent that funding is not otherwise available to the LLP to meet such liabilities. The members have considered the implications and have put in place continuity plans that should allow the LLP to continue in operation, Accordingly, the members consider it appropriate to prepare the financial statements on a going concern basis.
| 2.3 | Foreign currency translation
Functional and presentation currency The LLP's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Page 4
YELLOW SKIES LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.4 | Turnover
Turnover comprises contributions by partners to cover the operational costs of the LLP.
| 2.5 | Taxation
In accordance with Section 10 of the Liability Partnership Act 2000, any trade, profession or business carried out by the LLP is treated as though that business were carried on in partnership by its members. Accordingly, any liability to taxation is that of the members themselves and not of the LLP. Thus there is no provision for taxation in these financial statements.
| 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. 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. Depreciation is provided on the following basis:
|  |  |  | Aircraft | - | 4% |
|  |  |  | Equipment | - | 20% |
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. Page 5
YELLOW SKIES LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
3. | Information in relation to members and employees
| The average monthly number of employees, other than desginated members, during the year was 0 (2024 - 0).
4. | Tangible fixed assets
|  | Aircraft | Other fixed assets | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 April 2024 | 4,508,615 | 14,256 | 4,522,871
| At 31 March 2025 | 4,508,615 | 14,256 | 4,522,871
| Depreciation |  |  |
| At 1 April 2024 | 1,262,412 | 14,256 | 1,276,668
| Charge for the year on owned assets | 180,345 | - | 180,345
| At 31 March 2025 | 1,442,757 | 14,256 | 1,457,013
| Net book value |  |  |
| At 31 March 2025 | 3,065,858 | - | 3,065,858
| At 31 March 2024 | 3,246,203 | - | 3,246,203
Page 6
YELLOW SKIES LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 86 | 6,809
| Prepayments | 3,378 | -
| Amounts due from members | 95,198 | 61,175
|  | 98,662 | 67,984
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 61,030 | 244,458
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 149,994 | 306,943
| Accruals and deferred income | 9,699 | 5,500
|  | 159,693 | 312,443
8. | Financial instruments
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Financial assets |  |
| Financial assets measured at fair value through profit or loss | 61,030 | 244,458
| Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.
Page 7