REGISTERED NUMBER: 03164279 (England and Wales)

Unaudited Financial Statements

for the Period 1 January 2025 to 30 June 2026

for

Young Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S J Alberga

Y Kurtzbard

REGISTERED OFFICE:

100 Marylebone Road

London

NW1 5DX

REGISTERED NUMBER:

03164279 (England and Wales)

ACCOUNTANTS:

TC Group

First Floor

Spitalfields House

Stirling Way

Borehamwood

Hertfordshire

WD6 2FX

FIXED ASSETS

Tangible assets

4

4,963

4,954

CURRENT ASSETS

Debtors

5

2,578

16,369

Cash at bank

25,880

86,526

28,458

102,895

CREDITORS

Amounts falling due within one year

6

(8,266

)

(93,567

)

NET CURRENT ASSETS

20,192

9,328

TOTAL ASSETS LESS CURRENT LIABILITIES

25,155

14,282

PROVISIONS FOR LIABILITIES

(1,241

)

-

NET ASSETS

23,914

14,282

CAPITAL AND RESERVES

Called up share capital

7

257,334

257,334

Retained earnings

(233,420

)

(243,052

)

SHAREHOLDERS' FUNDS

23,914

14,282

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 20 August 2026 and were signed on its behalf by:

S J Alberga - Director

1.	STATUTORY INFORMATION

Young Associates 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The current accounting period has been extended from 12 months to 18 months covering the period from 01.01.2025 to 30.06.2026 for administrative reasons. As a result, the comparative figures presented in these financial statements (which cover a 12-month period from 01.01.2024 to 31.12.2024) are not directly comparable with the amounts reported for the current period.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and fittings - 20% on cost

Computer Equipment - 20% on cost

Financial instruments

The company has elected to apply the provisions of Schedule 1A of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet 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 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.

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 a residual interest in the assets of the company after deducting all of its liabilities.

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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts 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.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation

Taxation for the period 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 period 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.

Going concern

The directors have considered the company's financial resources and performance and believe that the company is well placed to manage its business risks successfully and that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have also confirmed their intention to continue to provide financial support to the company to enable it to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statements.

Consequently, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2025

7,491

6,555

14,046

Additions

-

2,923

2,923

Disposals

(6,188

)

(1,810

)

(7,998

)

At 30 June 2026

1,303

7,668

8,971

DEPRECIATION

At 1 January 2025

6,709

2,383

9,092

Charge for period

391

2,275

2,666

Eliminated on disposal

(6,188

)

(1,562

)

(7,750

)

At 30 June 2026

912

3,096

4,008

NET BOOK VALUE

At 30 June 2026

391

4,572

4,963

At 31 December 2024

782

4,172

4,954

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.26

31.12.24

£

£

Other debtors

2,578

16,369

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.26

31.12.24

£

£

Trade creditors

789

20,929

Tax

4,915

983

Social security and other taxes

-

40,837

VAT

-

29,468

Other creditors

61

-

Accrued expenses

2,501

1,350

8,266

93,567

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.26

31.12.24

value:

£

£

3,334

Ordinary

£1

3,334

3,334

254,000

Preference Share

£1

254,000

254,000

257,334

257,334

The preference shareholders are not entitled to attend or vote at any general meeting of the company,unless the proposed business relates to the articles, where such amendment will have an adverse effect on the rights of the preference shareholders.