Registration number:
Yomato Limited
for the Year Ended 31 March 2021
Yomato Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Yomato Limited
Company Information
Directors |
Z Haim D Edgar C Ogunmakin |
Registered office |
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Auditors |
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Yomato Limited
(Registration number: 05155399)
Balance Sheet as at 31 March 2021
Note |
2021 |
(As restated) |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
2 |
2 |
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Profit and loss account |
(15,997) |
(15,997) |
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Shareholders' deficit |
(15,995) |
(15,995) |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Yomato Limited
Notes to the Financial Statements for the Year Ended 31 March 2021
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
The principal place of business is:
Interland Group
73 Maygrove Road
London
NW6 2EG
United Kingdom
The company number is 05155399.
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in Sterling, the functional currency of the company has been determined to be Sterling.
Going concern
The accounts have been prepared on a going concern basis. This may not be appropriate on the basis that for a number of years, the company has not traded and at the balance sheet date the company had net liabilities of £15,995.
Notwithstanding the above, the directors feel the going concern basis is appropriate on the basis of financial support from fellow subsidiary undertakings. Also, the directors have indicated that they will continue to provide the company with financial support.
Yomato Limited
Notes to the Financial Statements for the Year Ended 31 March 2021
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Yomato Limited
Notes to the Financial Statements for the Year Ended 31 March 2021
Audit Information |
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Prior period restatement |
During the period the previous financial statements were reviewed by the directors, it was noticed that a previously not included intercompany loan balance existed which had not been recorded in the accounts of Yomato Limited, this has now been corrected.
It was also noticed that historically the share capital had been included incorrectly and this was also updated.
Investments |
2021 |
2020 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 April 2020 |
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Provision |
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Carrying amount |
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At 31 March 2021 |
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At 31 March 2020 |
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Yomato Limited
Notes to the Financial Statements for the Year Ended 31 March 2021
Debtors |
2021 |
(As restated) |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
Note |
2021 |
(As restated) |
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Due within one year |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Share capital |
Allotted, called up and fully paid shares
2021 |
2020 |
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No. |
£ |
No. |
£ |
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2 |
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2 |
Related party transactions |
Summary of transactions with entities with joint control or significant interest
Expenditure with and payables to related parties
2021 |
Entities with joint control or significant influence |
Amounts payable to related party |
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Yomato Limited
Notes to the Financial Statements for the Year Ended 31 March 2021
2020 |
Entities with joint control or significant influence |
Amounts payable to related party |
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Parent and ultimate parent undertaking |
The company's immediate parent is
Non adjusting events after the financial period |
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