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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
Yalber Limited is a private limited liability company incorporated in England and Wales with its registered office address at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activities of the company are those of IT system management and support and short-term royalty financing. The company ceased trading during 2025.
The company's functional and presentational currency is £ Sterling
2.Accounting policies
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Basis of preparation of financial statements
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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 following principal accounting policies have been applied:
As the Company has ceased trading and it is the intention of the directors to liquidate the Company as soon as practical, the financial statements have been prepared on a break up basis, writing down the Company's assets to net realisable value and making provision for any onerous contractual commitments at the Statement of Financial Position date. The financial statements do not include any provision for the future costs of closing down the Company except to the extent that such costs were committed at the Statement of Financial Position date.
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 and value added tax.
Revenue from management fees is recognised in the period in which services are provided.
Revenue derived from purchasing future income streams at a discount represents the difference between the cost of acquiring these future income streams and amounts collected. The Company recognises revenue over the average period of collection on a basis consistent with the amortisation of debtor balances.
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 reporting date in the countries where the Company operates and generates income.
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