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Registered number: 14014852
Yellowstone Holdings Limited
Unaudited Financial Statements
For The Year Ended 30 November 2025
Yellowstone Holdings Limited
Contents
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Yellowstone Holdings Limited
Balance Sheet
As At 30 November 2025
Balance Sheet
Registered number: 14014852
2025 2024
as restated
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,200,000 1,200,000
Investments 5 1,000 1,000
1,201,000 1,201,000
CURRENT ASSETS
Debtors 6 81,999 -
Cash at bank and in hand 8,414 2,294
90,413 2,294
Creditors: Amounts Falling Due Within One Year 7 (226,240 ) (129,792 )
NET CURRENT ASSETS (LIABILITIES) (135,827 ) (127,498 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,065,173 1,073,502
Creditors: Amounts Falling Due After More Than One Year 8 (708,290 ) (767,786 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,894 ) (10,894 )
NET ASSETS 345,989 294,822
CAPITAL AND RESERVES
Called up share capital 10 1,100 1,100
Fair value reserve 32,683 32,683
Profit and Loss Account 312,206 261,039
SHAREHOLDERS' FUNDS 345,989 294,822
Page 1
Page 2
Yellowstone Holdings Limited
Balance Sheet (continued)
As At 30 November 2025
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Sharp
Director
21 August 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Yellowstone Holdings Limited
Notes to the Financial Statements
For The Year Ended 30 November 2025
Notes to the Financial Statements
1. General Information
Yellowstone Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14014852 . The registered office is Unit 2 Tweedale Industrial Estate North, Madeley, Telford, Shropshire, TF7 4JT.
The financial statements are presented in pound sterling (£) and rounded to the nearest whole £.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the letting of investment property and is recognised as the company becomes entitled to the consideration received. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Investment income represents dividends received from unquoted investments and is recognised when the shareholder's right to receive payment is established.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. 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 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.
...CONTINUED
Page 3
Page 4
Yellowstone Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
2.4. Financial Instruments - continued
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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Investment Property
2025
£
Fair Value
As at 1 December 2024 and 30 November 2025 1,200,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
as restated
£ £
Cost 1,156,422 1,156,422
Accumulated depreciation and impairment 77,093 53,965
Carrying amount 1,079,329 1,102,457
Page 4
Page 5
Yellowstone Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
5. Investments
Subsidiaries
£
Cost or Valuation
As at 1 December 2024 1,000
As at 30 November 2025 1,000
Provision
As at 1 December 2024 -
As at 30 November 2025 -
Net Book Value
As at 30 November 2025 1,000
As at 1 December 2024 1,000
The company holds Ordinary shares comprising 94.8% of the issued share capital in the subsidiary company Premier Garden Supplies Limited, a company incorporated in England & wales.
The subsidiary's nature of business is that of the manufacture and supply of fence panels, gates and garden trellis.
6. Debtors
2025 2024
as restated
£ £
Due within one year
Other debtors 81,999 -
7. Creditors: Amounts Falling Due Within One Year
2025 2024
as restated
£ £
Bank loans and overdrafts 55,302 46,869
Amounts owed to group undertakings 148,638 63,193
Other creditors 1,251 6,897
Taxation and social security 21,049 12,833
226,240 129,792
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
as restated
£ £
Bank loans 708,290 767,786
Of the creditors falling due within and after more than one year the following amounts are due after more than five years.
2025 2024
as restated
£ £
Bank loans 402,637 459,677
Page 5
Page 6
Yellowstone Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
9. Secured Creditors
The bank loans are secured by way of fixed and floating charges over the assets of the company and its subsidiary undertaking, held by National Westminster Bank PLC, delivered on 28 June 2022 and 15 August 2022.
2025 2024
as restated
£ £
Bank loans and overdrafts 763,592 814,655
10. Share Capital
2025 2024
as restated
£ £
Allotted, Called up and fully paid 1,100 1,100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2024 Amounts advanced Amounts repaid Amounts written off As at 30 November 2025
£ £ £ £ £
Mr Paul Sharp - 44,030 - - 44,030
Ms Samantha Sharp - 37,969 - - 37,969
Interest has been charged on the above loans at 3.75% (prior to 6 April 2025 2.25%). There were no other conditions attached.
12. Related Party Transactions
Included within Amounts owed to group undertakings is a balance of £148,638 (2024: £63,193) owed to a subsidiary company. No interest has been charged on this balance and there were no conditions attached.
Page 6