Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Directors

The directors shown below have held office during the whole of the period from
1 September 2023 to 31 December 2024

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
1 October 2025

And signed on behalf of the board by:
Name: Stephen Moss
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2024

Balance sheet

As at 31 December 2024

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  All income is credited to the statement of financial activities on an accruals basis. All income is stated exclusive of VAT. Income is deferred when it relates to activity in the next accounting period, primarily at the residential Centres.

  Other accounting policies

  Expenditure Expenditure is included in the statement of financial activities when incurred and includes attributable VAT which cannot be recovered. Going concern The company does not own or lease any property and has no employees and assets/liabilities arising as a result of trade. The only commitment the company has is to its parent company, London Youth, to whom it pays an annual management charge which is calculated on a pro-rata basis by reference to London Youth staff operationally deployed. 2023-24 saw an increase in revenues at the company to £132,245 (2023: £86,661). After posting of the management charge of £35,576 (2023: £22,996), the sum of £83,010 (2023: £53,657) is payable to the parent company (charity), The Federation of London Youth Clubs. The Directors have reviewed the company's cash flow forecasts for twelve months from the date the financial statements have been approved and are satisfied that cash flows will be sufficient to meet liabilities, with revenue forecast at £100,000 for 2025 and £120,000 in 2026. These forecasts are based on building on prior years growth, extending the opening hours and utilising the daytime use of the leisure centre complimented with increased marketing. The 16 months period saw improved level of revenues of 53% to £132,244 (2023: £86,681) for the centres reflecting an improved trading environment along with better marketing. The Trustees have concluded that the organisation has a reasonable expectation that there are adequate reserves to continue in operational existence for the foreseeable future and have continued to prepare the financial statements on a going concern basis. Financial Instruments London Youth Trading Company Limited has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost using the effective interest method. Financial assets held at amortised cost comprise trade debtors and cash at bank and in hand. Financial liabilities held at amortised cost comprise creditors excluding accruals. Critical accounting judgements and key areas of estimation uncertainty In the process of applying the relevant accounting policies under FRS102, the Directors confirm that there are no key judgements and no significant accounting estimates applied which may have a significant effect on the amounts recognised in the financial statements.

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 2. Employees

  	16 months to 31 December 2024	2023
  Average number of employees during the period	0	0