Company registration number 08783689 (England and Wales)
YOUNG PEOPLE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
YOUNG PEOPLE LIMITED
COMPANY INFORMATION
Directors
J Noble
G Abbott
K Baker
C Jones
Secretary
Windsor Accountancy Limited
Company number
08783689
Registered office
Hardwick Court Farm
Lyne
Chertsey
Surrey
KT16 0AD
Accountants
Windsor Accountancy Limited
St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU
YOUNG PEOPLE LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
162,860
219,563
Investments
36,001
-
0
198,861
219,563
Current assets
Debtors
4
1,461,381
1,106,090
Cash at bank and in hand
265,183
813,037
1,726,564
1,919,127
Creditors: amounts falling due within one year
5
(511,849)
(471,167)
Net current assets
1,214,715
1,447,960
Total assets less current liabilities
1,413,576
1,667,523
Creditors: amounts falling due after more than one year
6
(57,214)
(73,629)
Provisions for liabilities
Deferred tax liability
30,525
45,165
(30,525)
(45,165)
Net assets
1,325,837
1,548,729
Capital and reserves
Called up share capital
431
431
Share premium account
1,322,330
1,322,330
Capital redemption reserve
20
20
Profit and loss reserves
3,056
225,948
Total equity
1,325,837
1,548,729
YOUNG PEOPLE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

For the financial year ended 31 December 2025 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 year in question in accordance with section 476.

The directors acknowledge their 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 directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 15 July 2026 and are signed on its behalf by:
J Noble
Director
Company registration number 08783689 (England and Wales)
YOUNG PEOPLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Young People Limited is a private company limited by shares incorporated in England and Wales. The registered office is Hardwick Court Farm, Lyne, Chertsey, Surrey, KT16 0AD.

1.1
Accounting convention

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.

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

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.4
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:

Plant and machinery
25% Reducing balance
Fixtures and fittings
33% Straight line
Computers
33% Straight line
Motor vehicles
15% Reducing balance
1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

YOUNG PEOPLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
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.

1.7
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured 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 creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts 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 creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
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 profit and loss account 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.

YOUNG PEOPLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

1.11
Share-based payments

Equity-settled share-based payments are measured at fair value at the date of grant by reference to an internal valuation of the company and wider economic conditions. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.

When the terms and conditions of equity-settled share-based payments at the time they were granted are subsequently modified, the fair value of the share-based payment under the original terms and conditions and under the modified terms and conditions are both determined at the date of the modification. Any excess of the modified fair value over the original fair value is recognised over the remaining vesting period in addition to the grant date fair value of the original share-based payment. The share-based payment expense is not adjusted if the modified fair value is less than the original fair value.

Cancellations or settlements (including those resulting from employee redundancies) are treated as an

acceleration of vesting and the amount that would have been recognised over the remaining vesting period is recognised immediately.

2
Employees

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

2025
2024
Number
Number
52
45
YOUNG PEOPLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
3
Tangible fixed assets
Plant and machinery
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2025
81,647
102,641
85,131
96,704
366,123
Additions
-
0
379
16,365
-
0
16,744
At 31 December 2025
81,647
103,020
101,496
96,704
382,867
Depreciation and impairment
At 1 January 2025
30,462
47,803
58,625
9,670
146,560
Depreciation charged in the year
12,796
28,132
19,464
13,055
73,447
At 31 December 2025
43,258
75,935
78,089
22,725
220,007
Carrying amount
At 31 December 2025
38,389
27,085
23,407
73,979
162,860
At 31 December 2024
51,185
54,838
26,506
87,034
219,563

Included within the net book value of £1 62,860 is a total of £73,979 (2024: £87,034) in respect of assets subject to hire purchase contracts. The depreciation charge to the financial statements in the year in respect of such assets amounted to £13,055 (2024: £9,670).

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
517,767
330,321
Corporation tax recoverable
10,248
-
0
Other debtors
846,663
760,641
Prepayments and accrued income
86,703
15,128
1,461,381
1,106,090
5
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans
7
5,000
10,000
Obligations under finance leases
11,415
11,415
Trade creditors
272,925
6,507
Corporation tax
19,612
161,761
Other taxation and social security
68,747
45,904
Other creditors
66,484
227,839
Accruals and deferred income
67,666
7,741
511,849
471,167
YOUNG PEOPLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
6
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
7
-
0
5,000
Obligations under finance leases
57,214
68,629
57,214
73,629
7
Loans and overdrafts
2025
2024
£
£
Bank loans
5,000
15,000
Payable within one year
5,000
10,000
Payable after one year
-
0
5,000
YOUNG PEOPLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
8
Share-based payment transactions

The Company has established the Young People Limited Enterprise Management Incentives (Plan) for the grant of share options to eligible employees of the Company.

Number of share options
Weighted average exercise price
2025
2024
2025
2024
Number
Number
£
£
Outstanding at 1 January 2025
1,000
-
0
0.10
-
0
Granted
-
0
1,000
-
0
0.10
Outstanding at 31 December 2025
1,000
1,000
0.10
0.10
Exercisable at 31 December 2025
1,000
1,000
0.10
0.10
9
Directors' transactions

The balance due from the directors at the year end date was deemed repayable on demand. Interest was charged at 3.36% on the average balance.

Advances
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Director advances and credits
-
564,285
81,843
(23,733)
622,395
564,285
81,843
(23,733)
622,395
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