Yellow Dot (Winchester) Limited - Accounts to registrar (filleted) - small 17.3

Yellow Dot (Winchester) Limited

Unaudited Financial Statements

for the Year Ended

31 August 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J E Dyke

T J Dyke

REGISTERED OFFICE:

91 Lakewood Road

Chandlers Ford

Eastleigh

Hampshire

SO53 5AD

REGISTERED NUMBER:

08873941 (England and Wales)

ACCOUNTANTS:

David Tilsley Limited

91 Lakewood Road

Chandlers Ford

Eastleigh

Hampshire

SO53 5AD

FIXED ASSETS

Tangible assets

4

317,837

366,798

CURRENT ASSETS

Debtors

5

163,629

171,339

Cash at bank and in hand

11,411

14,672

175,040

186,011

CREDITORS

Amounts falling due within one year

6

509,074

656,076

NET CURRENT LIABILITIES

(334,034

)

(470,065

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(16,197

)

(103,267

)

PROVISIONS FOR LIABILITIES

12,297

20,130

NET LIABILITIES

(28,494

)

(123,397

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(28,594

)

(123,497

)

SHAREHOLDERS' FUNDS

(28,494

)

(123,397

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 27 March 2018 and were signed on its behalf by:

Mrs J E Dyke - Director

1.	STATUTORY INFORMATION

Yellow Dot (Winchester) 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The

Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party

transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net invoiced fees, excluding value added tax along with the Early Years Education Funding

that parents receive towards their childcare costs from local authorities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

33% on cost and 25% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for eligible staff and additionally contributes to

other compliant personal pension schemes for staff and directors. Contributions payable to pension schemes are

charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2016 - 37 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2016

290,085

172,339

462,424

Additions

1,550

10,132

11,682

At 31 August 2017

291,635

182,471

474,106

DEPRECIATION

At 1 September 2016

23,936

71,690

95,626

Charge for year

14,581

46,062

60,643

At 31 August 2017

38,517

117,752

156,269

NET BOOK VALUE

At 31 August 2017

253,118

64,719

317,837

At 31 August 2016

266,149

100,649

366,798

5.

DEBTORS

31.8.17

31.8.16

£

£

Amounts falling due within one year:

Trade debtors

752

266

Amounts owed by group undertakings

100

100

Other debtors

136,865

142,773

137,717

143,139

Amounts falling due after more than one year:

Other debtors

25,912

28,200

Aggregate amounts

163,629

171,339

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade creditors

11,602

11,978

Amounts owed to group undertakings

440,092

599,020

Taxation and social security

40,914

29,915

Other creditors

16,466

15,163

509,074

656,076

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2017 and

31 August 2016:

31.8.17

31.8.16

£

£

Mrs J E Dyke

Balance outstanding at start of year

3,332

2,333

Amounts advanced

50,121

43,126

Amounts repaid

(50,121

)

(42,127

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,332

3,332

T J Dyke

Balance outstanding at start of year

112,799

119,658

Amounts advanced

3,378

3,673

Amounts repaid

(12,530

)

(10,532

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

103,647

112,799

The loan to Mr T J Dyke is subject to interest at 3.25% throughout the time the loan is in place. During the year

to 31 August 2017, a part repayment was made on the loan to Mr T J Dyke. The loan remaining to Mr T J Dyke

is repayable on demand. The balances outstanding at the start and end of the year for Mrs J E Dyke represent a

timing difference relating to rent payments on account made to her in respect of an invoice in the September

following the year end.

8.	POST BALANCE SHEET EVENTS

With effect from 5 February 2018 the Yellow Dot group ("the group") commenced a demerger by capital

reduction. Prior to that date all mortgages and loans on properties were repaid.

As a result of the demerger, Yellow Dot Group Limited has become a wholly owned subsidiary of a new holding

company, Yellow Dot Property Limited, and shares have been issued in the new company in a share for share

exchange at the market value of the group.

All properties have been transferred to Yellow Dot Group Limited and Yellow Dot Group Limited has sold its

subsidiary company investments to Yellow Dot Property Limited at cost.

Yellow Dot Property Limited has then undertaken a capital reduction to cancel shares to the value of the market

value of the trading companies; the consideration being the transfer of the shares held in the trading companies to

Yellow Dot Holdings Limited, who in turn have issued shares to the same value to the shareholders of the

original group in the same proportions.

The overall effect of the demerger by capital reduction is that the freehold and leasehold properties are now held

in the Yellow Dot Property Limited group and the trading companies are held by Yellow Dot Holdings Limited.

9.	PARENT UNDERTAKING

The company is a wholly owned subsidiary of Yellow Dot Group Ltd, which prepares consolidated accounts that

include the results of this company. The registered office of Yellow Dot Group Ltd is 91 Lakewood Road,

Chandlers Ford, Eastleigh, SO53 5AD.