Registered number 1197025
## Yellowsun
Report and Accounts
31 December 2022
**Yellowsun Registered number: 1197025 Trustees' Report**
The Trustees present their report and accounts for the period ended 31 December 2022.
## **Principal activities**
The CIO did not trade during the period under review.
## **Trustees**
The following persons served as Trustees during the period:
Maureen Iduseri Eribo Nicole Verdoes Ruth Aime Ebole
## **Political donations**
None
## **Third party indemnity provisions**
Not applicable
## **Employment of disabled persons**
CIO will be an Equal Opportunities Policy
## **Small company provisions**
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 21 November 2023 and signed on its behalf.
Maureen Iduseri Eribo Trustee
1
## **Yellowsun Accountants' Report**
## **Accountants' report to the directors of Yellowsun**
You consider that the company is exempt from an audit for the period ended 31 December 2022. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial period and of its profit or loss for the financial period.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Crownking Accounting Services Accountants
Breakspear Park (GF Suite F G22) 36 Breakspear Way Hemel Hempstead Herts HP2 4TZ
21 November 2023
2
## **Yellowsun**
## **Profit and Loss Account for the period from 9 December 2021 to 31 December 2022**
|**Turnover**
Cost of sales
**Gross profit**
Distribution costs
Administrative expenses
Other operating income
**Operating profit**
Profit on the disposal of tangible fixed assets
Profit on the disposal of investments
Gain on revaluation of investments
Income from investments
Interest receivable
Interest payable
**Profit before taxation**
Tax on profit
**Profit for the period**|**2022**
**£**
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**Yellowsun Registered number:** 1197025 **Balance Sheet as at 31 December 2022**
|**Notes**
**Fixed assets**
Intangible assets
4
Tangible assets
5
Investments
6
**Current assets**
Stocks
Debtors
7
Investments held as current
assets
8
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
9
**Net current assets**
**Total assets less current**
**liabilities**
**Creditors: amounts falling due**
**after more than one year**
10
**Provisions for liabilities**
**Net assets**
**Capital and reserves**
Called up share capital
Share premium
Revaluation reserve
12
Profit and loss account
**Shareholder's funds**|-
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**£**
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## **Shareholder's funds**
The Trustees are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
4
**Yellowsun Registered number:** 1197025 **Balance Sheet as at 31 December 2022**
Maureen Iduseri Eribo Director Approved by the board on 21 November 2023
5
## **Yellowsun Notes to the Accounts for the period from 9 December 2021 to 31 December 2022**
## **1 Accounting policies**
## _**Basis of preparation**_
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
## _**Turnover**_
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
## _**Intangible fixed assets**_
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
## _**Tangible fixed assets**_
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years Leasehold land and buildings over the lease term Plant and machinery over 5 years Fixtures, fittings, tools and equipment over 5 years
## _**Investments**_
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
## _**Stocks**_
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
## _**Debtors**_
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6
## **Yellowsun Notes to the Accounts for the period from 9 December 2021 to 31 December 2022**
## _**Creditors**_
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
## _**Taxation**_
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
## _**Provisions**_
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
## _**Foreign currency translation**_
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
## _**Leased assets**_
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
## _**Pensions**_
Contributions to defined contribution plans are expensed in the period to which they relate.
## **2 Exceptional items**
**2022 £**
7
## **Yellowsun**
## **Notes to the Accounts for the period from 9 December 2021 to 31 December 2022**
|**3**
**Employees**
Average number of persons employed by the company
**4**
**Intangible fixed assets**
Goodwill:
**Cost**
At 9 December 2021
Additions
Disposals
At 31 December 2022
**Amortisation**
At 9 December 2021
Provided during the period
On disposals
At 31 December 2022
**Net book value**
At 31 December 2022
At 8 December 2021|-
**2022**
**Number**
0|**£**
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Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
## **5 Tangible fixed assets**
|**Cost**
At 9 December 2021
Additions
Surplus on revaluation
Disposals
At 31 December 2022
**Depreciation**
At 9 December 2021
Charge for the period|**Land and**
**buildings**
**£**
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-|**Plant and**
**machinery**
**etc**
**£**
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-|**Motor**
**vehicles**
**Total**
**£**
**£**
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8
## **Yellowsun**
## **Notes to the Accounts**
## **for the period from 9 December 2021 to 31 December 2022**
|Surplus on revaluation
-
On disposals
-
At 31 December 2022
-
**Net book value**
At 31 December 2022
-
At 8 December 2021
-
Freehold land and buildings:
Historical cost
Cumulative depreciation based on historical cost|-
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**2022**
**£**
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[For revalued assets, state the years in which the assets were valued and their values. For assets revalued during the reporting period, state the names of the persons who revalued them or particulars of their qualifications for doing so and the bases of valuation used by them.]
## **6 Investments**
|**Investments in**
**subsidiary**
**undertakings**
**£**
**Cost**
At 9 December 2021
-
Additions
-
Revaluation
-
Disposals
-
At 31 December 2022
-
**Historical cost**
At 9 December 2021
-
At 31 December 2022
-|**Other**
**investments**
**Total**
**£**
**£**
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[For revalued investments, see FRS 102 paragraphs 1AC.15, 1AC.22 and 1AC.23 for disclosures]
|**7**
**Debtors**
Trade debtors
Deferred tax asset
Other debtors
Amounts owed by group undertakings and undertakings in which
the company has a participating interest|**2022**
**£**
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9
## **Yellowsun**
## **Notes to the Accounts for the period from 9 December 2021 to 31 December 2022**
||Amounts due after more than one year included above|-|
|---|---|---|
|**8**|**Investments held as current assets**|**2022**|
|||**£**|
||**Fair value**||
||Listed investments|-|
||Unlisted investments|-|
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||**Increase/(decrease) in fair value included in the profit and**||
||**loss account for the period**||
||Listed investments|-|
||Unlisted investments|-|
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||[For revalued investments, see FRS 102 paragraphs 1AC.22 and 1AC.23 for disclosures]||
|**9**|**Creditors: amounts falling due within one year**|**2022**|
|||**£**|
||Non-equity preference shares|-|
||Bank loans and overdrafts|-|
||Obligations under finance lease and hire purchase contracts|-|
||Trade creditors|-|
||Amounts owed to group undertakings and undertakings in which||
||the company has a participating interest|-|
||Taxation and social security costs|-|
||Other creditors|-|
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|**10 **|**Creditors: amounts falling due after one year**|**2022**|
|||**£**|
||Non-equity preference shares|-|
||Bank loans|-|
||Obligations under finance lease and hire purchase contracts|-|
||Trade creditors|-|
||Amounts owed to group undertakings and undertakings in which||
||the company has a participating interest|-|
||Other creditors|-|
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|**11 **|**Loans**|**2022**|
|||**£**|
||Creditors include:||
10
## **Yellowsun**
## **Notes to the Accounts**
|**for**|**the period from 9 December 2021 to 31 December 2022**||
|---|---|---|
||Amounts payable otherwise than by instalment falling due for||
||payment after more than five years|-|
||Instalments falling due for payment after more than five years|-|
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||Secured bank loans|-|
||[Give an indication of the nature and form of the security for the bank loans]||
|**12 **|**Revaluation reserve**|**2022**|
|||**£**|
||At 9 December 2021|-|
||Gain on revaluation of land and buildings|-|
||Deferred taxation arising on the revaluation of land and buildings|-|
||At 31 December 2022|-|
|**13 **|**Events after the reporting date**||
|**14 **|**Capital commitments**|**2022**|
|||**£**|
||Amounts contracted for but not provided in the accounts|-|
|**15 **|**Pension commitments**||
|**16 **|**Other financial commitments**|**2022**|
|||**£**|
||Total future minimum payments under non-cancellable operating||
||leases|-|
|**17 **|**Contingent liabilities**||
11
## **Yellowsun Notes to the Accounts for the period from 9 December 2021 to 31 December 2022**
## **18 Off-balance sheet arrangements**
|**19 Loans to Trustees**
**Description and conditions**
Maureen Iduseri Eribo
[Loan 1]
[Loan 2]
Nicole Verdoes
[Loan 1]
[Loan 2]
Ruth Aime Ebole
[Loan 1]
[Loan 2]
[Trustee 4]
[Loan 1]
[Loan 2]
[Trustee 5]
[Loan 1]
[Loan 2]
[Trustee 6]
[Loan 1]
[Loan 2]
[Trustee 7]
[Loan 1]
[Loan 2]
[Trustee 8]
[Loan 1]
[Loan 2]
[Trustee 9]
[Loan 1]
[Loan 2]|**B/fwd**
**£**
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-|**Paid**
**£**
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-|**Repaid**
**C/fwd**
**£**
**£**
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**20 Guarantees made by the company on behalf of directors Main terms**
**Maximum Amount paid liability and incurred**
12
## **Yellowsun**
## **Notes to the Accounts**
## **for the period from 9 December 2021 to 31 December 2022**
|Maureen Iduseri Eribo
Nicole Verdoes
Ruth Aime Ebole
[Trustee 4]
[Trustee 5]
[Trustee 6]
[Trustee 7]
[Trustee 8]
[Trustee 9]
[Guarantee 1]
[Guarantee 2]
[Guarantee 2]
[Guarantee 2]
[Guarantee 1]
[Guarantee 2]
[Guarantee 2]
[Guarantee 2]
[Guarantee 1]
[Guarantee 1]
[Guarantee 1]
[Guarantee 1]
[Guarantee 2]
[Guarantee 1]
[Guarantee 2]
[Guarantee 1]
[Guarantee 2]
[Guarantee 1]|**£**
**£**
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## **21 Related party transactions**
## **22 Controlling party**
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## **Yellowsun**
## **Notes to the Accounts**
## **for the period from 9 December 2021 to 31 December 2022**
## **23 Other information**
Yellowsun is a private company limited by shares and incorporated in England. Its registered office is:
11 St Paul's Square
Birmingham West Midlands B3 1RB
14
## **Yellowsun**
## **Detailed profit and loss account for the period from 9 December 2021 to 31 December 2022**
_This schedule does not form part of the statutory accounts_
|**Sales**
Cost of sales
**Gross profit**
Distribution costs
Administrative expenses
Other operating income
**Operating profit**
Profit on the disposal of tangible fixed assets
Profit on the disposal of investments
Gain on revaluation of investments
Income from investments
Interest receivable
Interest payable
**Profit before tax**|**2022**
**£**
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15
## **Yellowsun**
## **Detailed profit and loss account**
## **for the period from 9 December 2021 to 31 December 2022**
_This schedule does not form part of the statutory accounts_
|**Sales**
Sales
**Cost of sales**
Purchases
Decrease/increase in stocks
Subcontractor costs
Direct labour
Carriage
Discounts allowed
Commissions payable
Other direct costs
**Distribution costs**
Distribution costs
**Administrative expenses**
Employee costs:
Wages and salaries
Directors' salaries
Pensions
Bonuses
Employer's NI
Temporary staff and recruitment
Staff training and welfare
Travel and subsistence
Motor expenses
Entertaining
Premises costs:
Rent
Rates
Service charges
Light and heat
Cleaning
Use of home
General administrative expenses:
Telephone and internet
Postage
Stationery and printing
Courier services
Information and publications
Subscriptions
Bank charges
Insurance|**2022**
**£**
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16
## **Yellowsun**
## **Detailed profit and loss account for the period from 9 December 2021 to 31 December 2022**
_This schedule does not form part of the statutory accounts_
|Equipment expensed
Equipment hire
Software
Repairs and maintenance
Depreciation
Amortisation of goodwill
Bad debts
Sundry expenses
Legal and professional costs:
Audit fees
Accountancy fees
Solicitors fees
Consultancy fees
Management fees
Advertising and PR
Other legal and professional
**Other operating income**
Other operating income|**2022**
**£**
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17