Company registration number SC513334 (England and Wales)
Y1 Capital LTD
Unaudited Financial Statements
For the Period ended 31 December 2024
Y1 Capital LTD
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
Y1 Capital LTD
Statement of financial position
As at 31 December 2024
31 December 2024
- 1 -
31 December 2024
31 March 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
366,327
1,523
Investments
4
-
0
1,402,697
366,327
1,404,220
Current assets
Debtors
5
4,382,390
685,379
Cash at bank and in hand
6,561,835
6,337
10,944,225
691,716
Creditors: amounts falling due within one year
6
(10,205,799)
(3,746,335)
Net current assets/(liabilities)
738,426
(3,054,619)
Net assets/(liabilities)
1,104,753
(1,650,399)
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
1,103,753
(1,651,399)
Total equity
1,104,753
(1,650,399)

For the financial Period ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 1 May 2026
Dr S Sainudeen
Director
Company registration number SC513334 (England and Wales)
Y1 Capital LTD
Notes to the financial statements
For the Period ended 31 December 2024
- 2 -
1
Accounting policies
Company information

Y1 Capital LTD is a private company limited by shares incorporated in England and Wales. The registered office is C/O Lindsays, 100 Queen Street, Glasgow, Scotland, G1 3DN.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements have been prepared on a going concern basis. The director ha true s considered the current financial position of the company, including its cash flow forecasts and available resources.

The director has confirmed their ongoing financial support for the foreseeable future and has indicated an intention to provide such assistance as may be required to enable the company to meet its liabilities as they fall due.

On the basis of this support, the director ha s a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% straight line
Plant and equipment
33.3% on cost, 33% on cost, 25% reducing balance and 20% on cost
Fixtures and fittings
33.3% on cost, 33% on cost, 20% on cost and 15% on reducing balance
Computers
33% on cost, 33.3% on cost and 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Depreciation is charged to administration expenses in the statement of comprehensive income.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Y1 Capital LTD
Notes to the financial statements (continued)
For the Period ended 31 December 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially m easured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including trade, group and other creditors are initially recognised at transaction price,unless the arrangement constitutes a financing transaction, where the debt instrument is measured at present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Y1 Capital LTD
Notes to the financial statements (continued)
For the Period ended 31 December 2024
1
Accounting policies
(Continued)
- 4 -
1.8
Leases
As lessee

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

2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2024
2024
Number
Number
Total
0
0
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
£
Cost
At 1 April 2024
-
0
956
1,109
2,213
4,278
Additions
369,443
-
0
2,854
1,299
373,596
At 31 December 2024
369,443
956
3,963
3,512
377,874
Depreciation and impairment
At 1 April 2024
-
0
956
1,109
690
2,755
Depreciation charged in the Period
7,388
-
0
571
833
8,792
At 31 December 2024
7,388
956
1,680
1,523
11,547
Carrying amount
At 31 December 2024
362,055
-
0
2,283
1,989
366,327
At 31 March 2024
-
0
-
0
-
0
1,523
1,523
4
Fixed asset investments
2024
2024
£
£
Shares in group undertakings and participating interests
-
0
1,402,697
Y1 Capital LTD
Notes to the financial statements (continued)
For the Period ended 31 December 2024
4
Fixed asset investments
(Continued)
- 5 -
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 April 2024 & 31 December 2024
1,402,697
Impairment
At 1 April 2024
-
Impairment losses
1,402,697
At 31 December 2024
1,402,697
Carrying amount
At 31 December 2024
-
At 31 March 2024
1,402,697
5
Debtors
2024
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,079,397
106,950
Other debtors
3,302,993
578,429
4,382,390
685,379
6
Creditors: amounts falling due within one year
2024
2024
£
£
Bank loans and overdrafts
6,352
15,705
Amounts owed to group undertakings
10,091,667
3,549,182
Taxation and social security
2,585
2,585
Other creditors
105,195
178,863
10,205,799
3,746,335
7
Ultimate Controlling Party

The ultimate controlling party is Dr S Sainudeen.

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