Yellow Dot (Andover) Limited - Accounts to registrar (filleted) - small 17.3
Yellow Dot (Andover) Limited - Accounts to registrar (filleted) - small 17.3
| Yellow Dot (Andover) Limited |
| Unaudited Financial Statements |
| for the Year Ended |
| 31 August 2017 |
| Yellow Dot (Andover) Limited (Registered number: 07764244) |
| Contents of the Financial Statements |
| for the Year Ended 31 August 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Yellow Dot (Andover) Limited |
| Company Information |
| for the Year Ended 31 August 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 91 Lakewood Road |
| Chandlers Ford |
| Eastleigh |
| Hampshire |
| SO53 5AD |
| Yellow Dot (Andover) Limited (Registered number: 07764244) |
| Balance Sheet |
| 31 August 2017 |
| 31.8.17 | 31.8.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Yellow Dot (Andover) Limited (Registered number: 07764244) |
| Balance Sheet - continued |
| 31 August 2017 |
| 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 |
| Yellow Dot (Andover) Limited (Registered number: 07764244) |
| Notes to the Financial Statements |
| for the Year Ended 31 August 2017 |
| 1. | STATUTORY INFORMATION |
| Yellow Dot (Andover) Limited is a |
| 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 |
| 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 |
| Land and buildings | - |
| Plant and machinery etc | - |
| The Freehold Property has not been depreciated on the basis that the carrying value is not materially different |
| from the anticipated value at the end of its useful economic life. |
| 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. |
| Leasing |
| Operating lease rentals are charged to the profit & loss account as they are incurred. |
| Yellow Dot (Andover) Limited (Registered number: 07764244) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2017 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 September 2016 |
| Additions |
| At 31 August 2017 |
| DEPRECIATION |
| At 1 September 2016 |
| Charge for year |
| At 31 August 2017 |
| NET BOOK VALUE |
| At 31 August 2017 |
| At 31 August 2016 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.17 | 31.8.16 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.17 | 31.8.16 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.8.17 | 31.8.16 |
| £ | £ |
| Bank loans |
| Yellow Dot (Andover) Limited (Registered number: 07764244) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2017 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| 31.8.17 | 31.8.16 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 431,870 | 475,171 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.8.17 | 31.8.16 |
| £ | £ |
| Bank loans |
| The bank loans are secured on the freehold property owned by the company. There are two loans, the first has a |
| remaining term of 11 years and has an interest rate of 3.05% payable on it and the second loan has a remaining |
| term of 19.5 years and has an interest rate of 2.2% payable on it. |
| The second loan originally for £406,000 taken out in the year to 31 August 2016 has been used to fund a |
| freehold property purchase by Yellow Dot Group Ltd, the companies parent company. This property is the |
| trading location of one of the company's fellow subsidiaries, Yellow Dot (North Baddesley) Ltd. |
| 9. | 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. |
| The freehold property held as a fixed asset by Yellow Dot (Andover) Limited was transferred to Yellow Dot |
| Group Limited at cost, through the intercompany account, as part of the demerger process which occurred on 5 |
| February 2018. |
| 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 |
| 10. | 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. |