Yh Learning Ltd - Accounts to registrar (filleted) - small 18.2
Yh Learning Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 30th November 2020 to 27th November 2021 |
for |
YH LEARNING LTD |
YH LEARNING LTD (REGISTERED NUMBER: 11668958) |
Contents of the Financial Statements |
FOR THE PERIOD 30TH NOVEMBER 2020 TO 27TH NOVEMBER 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
YH LEARNING LTD |
Company Information |
FOR THE PERIOD 30TH NOVEMBER 2020 TO 27TH NOVEMBER 2021 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
1 Quality Court |
Chancery Lane |
London |
WC2A 1HR |
YH LEARNING LTD (REGISTERED NUMBER: 11668958) |
Balance Sheet |
27TH NOVEMBER 2021 |
27/11/21 | 29/11/20 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | 8 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
YH LEARNING LTD (REGISTERED NUMBER: 11668958) |
Balance Sheet - continued |
27TH NOVEMBER 2021 |
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 |
YH LEARNING LTD (REGISTERED NUMBER: 11668958) |
Notes to the Financial Statements |
FOR THE PERIOD 30TH NOVEMBER 2020 TO 27TH NOVEMBER 2021 |
1. | STATUTORY INFORMATION |
Yh Learning Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing 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. |
Tangible fixed assets |
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. |
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below. |
Depreciation is provided on the following basis: |
Computer and equipment - 20% Straight Line |
Fixtures and fittings - 25% Straight Line |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. |
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. |
Financial instruments |
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. |
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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. |
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. |
YH LEARNING LTD (REGISTERED NUMBER: 11668958) |
Notes to the Financial Statements - continued |
FOR THE PERIOD 30TH NOVEMBER 2020 TO 27TH NOVEMBER 2021 |
2. | ACCOUNTING POLICIES - continued |
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. |
Debtors |
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. |
Cash and cash equivalents |
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. |
Creditors |
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
YH LEARNING LTD (REGISTERED NUMBER: 11668958) |
Notes to the Financial Statements - continued |
FOR THE PERIOD 30TH NOVEMBER 2020 TO 27TH NOVEMBER 2021 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 30th November 2020 |
Additions |
At 27th November 2021 |
DEPRECIATION |
At 30th November 2020 |
Charge for period |
At 27th November 2021 |
NET BOOK VALUE |
At 27th November 2021 |
At 29th November 2020 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
27/11/21 | 29/11/20 |
£ | £ |
Bank loans and overdrafts |
Taxation and social security |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
27/11/21 | 29/11/20 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bounce Back Loan | 11,477 | 11,477 |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 27/11/21 | 29/11/20 |
value: | £ | £ |
Ordinary Shares | 1 | 100 | 100 |
YH LEARNING LTD (REGISTERED NUMBER: 11668958) |
Notes to the Financial Statements - continued |
FOR THE PERIOD 30TH NOVEMBER 2020 TO 27TH NOVEMBER 2021 |
8. | RESERVES |
Retained |
earnings |
£ |
At 30th November 2020 | ( |
) |
Deficit for the period | ( |
) |
At 27th November 2021 | ( |
) |
9. | RELATED PARTY DISCLOSURES |
Mr Yousif Halwachi is the sole director and shareholder of YH Learning Ltd. As at 27th November 2021, company owes Mr Yousif Halwachi £23,890 (2020 - £20,360) |
10. | ULTIMATE CONTROLLING PARTY |
Mr Yousif Halwachi being the sole director and shareholder is the ultimate controlling party. |