YNYS MON Investments Limited - Accounts to registrar (filleted) - small 23.2.5

YNYS MON Investments Limited - Accounts to registrar (filleted) - small 23.2.5

YNYS MON INVESTMENTS LIMITED - Company Information

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REGISTERED NUMBER: 12820943 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

YNYS MON INVESTMENTS LIMITED
YNYS MON INVESTMENTS LIMITED (REGISTERED NUMBER: 12820943)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


YNYS MON INVESTMENTS LIMITED (REGISTERED NUMBER: 12820943)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 116,739 64,067

CURRENT ASSETS
Cash at bank 10,019 1,689

CREDITORS
Amounts falling due within one year 5 110,469 58,563
NET CURRENT LIABILITIES (100,450 ) (56,874 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
16,289
7,193

CAPITAL AND RESERVES
Called up share capital 6 10 10
Non-distributable reserve 11,012 8,011
Retained earnings 5,267 (828 )
SHAREHOLDERS' FUNDS 16,289 7,193

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 director and authorised for issue on 13 May 2024 and were signed by:





Mr H A Lea-Wilson - Director


The notes form part of these financial statements

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YNYS MON INVESTMENTS LIMITED (REGISTERED NUMBER: 12820943)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Ynys Mon Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12820943

Registered office: 28 Alwyne Road
London
United Kingdom
N1 2HN

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 as modified by the revaluation of certain assets.

At 31 August 2023 the company had net current liabilities of £100,450. The company relies on the continued support of its director to meet its day to day working capital requirements. The director has indicated their willingness to support the company as necessary for the foreseeable future.

Taxation
Taxation for the year 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 year 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.

Investments
Investments are initially measured at cost. Investments held in foreign currencies are translated to £ sterling at the exchange rate prevailing at the year end. Subsequent to initial recognition, all investments are measured at fair value and the gain or loss on revaluation is recognised through profit or loss in the period in which it arises. Such gains or losses are transferred from retained earnings to a non-distributable reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

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YNYS MON INVESTMENTS LIMITED (REGISTERED NUMBER: 12820943)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

4. INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 September 2022 64,067
Additions 49,671
Revaluations 3,001
At 31 August 2023 116,739
NET BOOK VALUE
At 31 August 2023 116,739
At 31 August 2022 64,067

Cost or valuation at 31 August 2023 is represented by:

Other
investments
£   
Valuation in 2023 116,739

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1,094
Other creditors 110,469 57,469
110,469 58,563

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary A £1 10 10

7. CAPITAL COMMITMENTS

At 31 August 2023, the company had capital commitments contracted for but not provided for in these financial statements of £219,311 (2022 - £151,201).

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