REGISTERED NUMBER: 03285745 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

YPARHO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr A Chrysostomou

SECRETARY:

Mrs C Chrysostomou

REGISTERED OFFICE:

869 High Road

London

N12 8QA

REGISTERED NUMBER:

03285745 (England and Wales)

ACCOUNTANTS:

AC Partners Professional Services Ltd

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

299,964

293,986

Investments

6

565,697

604,275

Investment property

7

2,075,000

1,910,000

2,940,661

2,808,261

CURRENT ASSETS

Stocks

4,849

6,608

Debtors

8

84,103

3,125,107

Cash at bank and in hand

2,292,615

1,920,514

2,381,567

5,052,229

CREDITORS

Amounts falling due within one year

9

354,604

325,904

NET CURRENT ASSETS

2,026,963

4,726,325

TOTAL ASSETS LESS CURRENT LIABILITIES

4,967,624

7,534,586

PROVISIONS FOR LIABILITIES

10

457,228

410,140

NET ASSETS

4,510,396

7,124,446

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

1,220,328

1,096,578

Retained earnings

3,289,968

6,027,768

SHAREHOLDERS' FUNDS

4,510,396

7,124,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 June 2026 and were signed by:

Mr A Chrysostomou - Director

1.	STATUTORY INFORMATION

Yparho Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

TURNOVER

Turnover represents net invoiced boarding charges, excluding value added tax.

Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Any lease incentives are spread on a straight-line basis over the lease term.

Any amounts received in advance or in arrears are included in debtors or creditors as applicable.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance.

Computer equipment

-

33% on reducing balance

INVESTMENT PROPERTY

STOCKS

Stock is valued at the lower of cost and net realisable value.

FINANCIAL INSTRUMENTS

Financial assets and financial liabilities are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances are initially measured at transaction price including transaction cost and are subsequently carried at amortised cost using the effective interest method.

Impairment

Assets not measured at fair value are reviewed for any indications that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the currying amount would have been, had the impairment not previously been recognised.The impairment reversal is recognised in profit or loss.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS

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

PENSION COSTS AND OTHER POST-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.

PROVISIONS

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the account can be reliably estimated.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2025 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 April 2025

and 31 March 2026

170,000

17,284

187,284

AMORTISATION

At 1 April 2025

and 31 March 2026

170,000

17,284

187,284

NET BOOK VALUE

At 31 March 2026

-

-

-

At 31 March 2025

-

-

-

Goodwill, being the amount paid in connection with the acquisition of a business in 1998, has been fully amortised.

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2025

1,278,300

3,000

906,425

Additions

-

-

1,557

Disposals

-

-

-

At 31 March 2026

1,278,300

3,000

907,982

DEPRECIATION

At 1 April 2025

1,075,106

660

857,798

Charge for year

21,650

585

9,840

Eliminated on disposal

-

-

-

At 31 March 2026

1,096,756

1,245

867,638

NET BOOK VALUE

At 31 March 2026

181,544

1,755

40,344

At 31 March 2025

203,194

2,340

48,627

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

48,010

20,127

2,255,862

Additions

75,504

-

77,061

Disposals

(48,010

)

-

(48,010

)

At 31 March 2026

75,504

20,127

2,284,913

DEPRECIATION

At 1 April 2025

9,405

18,907

1,961,876

Charge for year

5,630

403

38,108

Eliminated on disposal

(15,035

)

-

(15,035

)

At 31 March 2026

-

19,310

1,984,949

NET BOOK VALUE

At 31 March 2026

75,504

817

299,964

At 31 March 2025

38,605

1,220

293,986

6.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST OR VALUATION

At 1 April 2025

604,275

Additions

(44,189

)

Share of profit/(loss)

5,496

Revaluations

115

At 31 March 2026

565,697

NET BOOK VALUE

At 31 March 2026

565,697

At 31 March 2025

604,275

Cost or valuation at 31 March 2026 is represented by:

Unlisted

investments

£

Valuation in 2025

4,275

Valuation in 2026

115

Cost

561,307

565,697

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

1,910,000

Revaluations

165,000

At 31 March 2026

2,075,000

NET BOOK VALUE

At 31 March 2026

2,075,000

At 31 March 2025

1,910,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2010

902,104

Valuation in 2016

410,000

Valuation in 2017

100,000

Valuation in 2021

(50,000

)

Valuation in 2022

100,000

Valuation in 2026

165,000

Cost

447,896

2,075,000

8.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Trade debtors

14,111

22,092

Other debtors

69,992

57,457

84,103

79,549

2026

2025

£

£

Amounts falling due after more than one year:

Amounts owed by group undertakings

-

3,045,558

Aggregate amounts

84,103

3,125,107

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

66,327

68,836

Taxation and social security

163,180

151,651

Other creditors

125,097

105,417

354,604

325,904

10.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

457,228

410,140

Deferred

tax

£

Balance at 1 April 2025

410,140

Provided during year

47,088

Balance at 31 March 2026

457,228

11.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £nil (2025: £3,045,558) by its parent company, Yparho Investments Limited. During the year, interest was charged on this loan at 2.5% per annum, amounting to £nil (2025: £74,282) as the loan was fully repaid at the beginning of the period.

12.	ULTIMATE CONTROLLING PARTY