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No description of principal activity
2020-06-01
Sage Accounts Production Advanced 2021 - FRS102_2021
687,337
5,000
692,337
490,000
202,337
197,337
xbrli:pure
xbrli:shares
iso4217:GBP
09774901
2020-06-01
2021-05-31
09774901
2021-05-31
09774901
2020-05-31
09774901
bus:LeadAgentIfApplicable
2020-06-01
2021-05-31
09774901
bus:Director3
2020-06-01
2021-05-31
09774901
core:WithinOneYear
2021-05-31
09774901
core:WithinOneYear
2020-05-31
09774901
core:AfterOneYear
2021-05-31
09774901
core:AfterOneYear
2020-05-31
09774901
core:ShareCapital
2021-05-31
09774901
core:ShareCapital
2020-05-31
09774901
core:RetainedEarningsAccumulatedLosses
2021-05-31
09774901
core:RetainedEarningsAccumulatedLosses
2020-05-31
09774901
core:CostValuation
core:Non-currentFinancialInstruments
2020-05-31
09774901
core:AdditionsToInvestments
core:Non-currentFinancialInstruments
2021-05-31
09774901
core:CostValuation
core:Non-currentFinancialInstruments
2021-05-31
09774901
core:Non-currentFinancialInstruments
core:ProvisionsForImpairmentInvestments
2021-05-31
09774901
core:Non-currentFinancialInstruments
2021-05-31
09774901
core:Non-currentFinancialInstruments
2020-05-31
09774901
bus:SmallEntities
2020-06-01
2021-05-31
09774901
bus:AuditExemptWithAccountantsReport
2020-06-01
2021-05-31
09774901
bus:FullAccounts
2020-06-01
2021-05-31
09774901
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2020-06-01
2021-05-31
09774901
bus:PrivateLimitedCompanyLtd
2020-06-01
2021-05-31
COMPANY REGISTRATION NUMBER:
09774901
Yeo Valley Associates Limited
|
|
Filleted Unaudited Financial Statements
|
|
Yeo Valley Associates Limited
|
|
Year ended 31 May 2021
Report to the board of directors on the preparation of the unaudited statutory financial statements
|
1
|
|
|
Statement of financial position
|
2
|
|
|
Notes to the financial statements
|
4
|
|
|
Yeo Valley Associates Limited
|
|
Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Yeo Valley Associates Limited
|
|
Year ended 31 May 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Yeo Valley Associates Limited for the year ended 31 May 2021, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
JAY & JAY PARTNERSHIP LIMITED
Chartered Certified Accountants
2 Chesterfield Buildings
Westbourne Place
Clifton
Bristol
BS8 1RU
6 October 2021
Yeo Valley Associates Limited
|
|
Statement of Financial Position
|
|
31 May 2021
Fixed assets
Investments
|
5
|
202,337
|
197,337
|
|
|
|
|
Current assets
Debtors: due within one year
|
6
|
756,821
|
152,398
|
Debtors: due after more than one year
|
6
|
2,924,873
|
2,692,442
|
|
------------
|
------------
|
|
3,681,694
|
2,844,840
|
|
|
|
|
Creditors: amounts falling due within one year
|
7
|
5,282,679
|
4,497,242
|
|
------------
|
------------
|
Net current liabilities
|
1,600,985
|
1,652,402
|
|
------------
|
------------
|
Total assets less current liabilities
|
(
1,398,648)
|
(
1,455,065)
|
|
------------
|
------------
|
Net liabilities
|
(
1,398,648)
|
(
1,455,065)
|
|
------------
|
------------
|
|
|
|
|
Capital and reserves
Called up share capital
|
1
|
1
|
Profit and loss account
|
(
1,398,649)
|
(
1,455,066)
|
|
------------
|
------------
|
Shareholder deficit
|
(
1,398,648)
|
(
1,455,065)
|
|
------------
|
------------
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Yeo Valley Associates Limited
|
|
Statement of Financial Position (continued)
|
|
31 May 2021
These financial statements were approved by the
board of directors
and authorised for issue on
6 October 2021
, and are signed on behalf of the board by:
Company registration number:
09774901
Yeo Valley Associates Limited
|
|
Notes to the Financial Statements
|
|
Year ended 31 May 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Yeo Valley HQ, Rhodyate, Blagdon, Bristol, Somerset, BS40 7YE.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company is reliant on the continued support of its directors and its parent company. After making enquiries, the directors have a reasonable expectation that the company and the group have adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Investments in associates and joint ventures
Investments in associates and in jointly controlled entities are accounted for in accordance with the cost model, and so are recorded at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. The company only enters into basic financial instruments. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost, less any impairment. Debt instruments that are payable or receivable within one year are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, unless the arrangement constitutes a financial transaction, in which case the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Interest income
Interest income is recognised in the statement of income and retained earnings using the effective interest method.
4.
Employees
The average monthly number of employees, including directors, during the period was 3 (2020 - 3).
5.
Investments
|
Unlisted investments
|
|
£
|
Cost
|
|
At 1 June 2020
|
687,337
|
Additions
|
5,000
|
|
---------
|
At 31 May 2021
|
692,337
|
|
---------
|
Impairment
|
|
At 1 June 2020 and 31 May 2021
|
490,000
|
|
---------
|
|
|
Carrying amount
|
|
At 31 May 2021
|
202,337
|
|
---------
|
At 31 May 2020
|
197,337
|
|
---------
|
|
|
6.
Debtors
Debtors falling due within one year are as follows:
|
2021
|
2020
|
|
£
|
£
|
Trade debtors
|
3,542
|
2,398
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest
|
752,817
|
150,000
|
Other debtors
|
462
|
–
|
|
---------
|
---------
|
|
756,821
|
152,398
|
|
---------
|
---------
|
|
|
|
Debtors falling due after one year are as follows:
|
2021
|
2020
|
|
£
|
£
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest
|
2,924,873
|
2,692,442
|
|
------------
|
------------
|
|
|
|
7.
Creditors:
amounts falling due within one year
|
2021
|
2020
|
|
£
|
£
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest
|
5,274,524
|
4,491,007
|
Social security and other taxes
|
–
|
400
|
Other creditors
|
8,155
|
5,835
|
|
------------
|
------------
|
|
5,282,679
|
4,497,242
|
|
------------
|
------------
|
|
|
|
8.
Controlling party
The results of the company are consolidated in the financial statements of its parent
Yeo Valley Farms Limited
. The address of the registered office for Yeo Valley Farms Limited is Yeo Valley HQ, Rhodyate, Blagdon, Bristol, Somerset, BS40 7YE
.