Your Pension Redress Limited |
Registered Number:09067674 |
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 August 2023
Your Pension Redress Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Your Pension Redress Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
939
1,252
2
939
1,252
Trade and other receivables |
62,000
57,353
3
5,169
Cash and cash equivalents |
518
57,871
67,169
Trade and other payables: amounts falling due within one |
year |
(18,102)
(32,432)
4
49,067
25,439
Net current assets
Total assets less current liabilities |
26,378
50,319
Trade and other payables: amounts falling due after more |
than one year |
(45,561)
(26,544)
5
(166)
Net assets/liabilities
4,758
100
100
(266)
4,658
(166)
4,758
Shareholders' funds
For the year ended 31 August 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Anthony Griffith Estefan-Barker Director |
These financial statements were approved and authorised for issue by the Board on 19 April 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 August 2023
Your Pension Redress Limited
Notes to the Financial Statements
Statutory Information
Your Pension Redress Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 09067674. |
17 Carmen Court
35 Toye Avenue
London
N20 0FN
The presentation currency is £ sterling. |
Basis of preparing the financial statements
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. Turnover includes revenue from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. |
Property, plant and equipment
Property, plant and equipment are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Computer Equipment: 25% reducing balance |
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. |
The tax currently payable is based on taxable profit for the year. Taxable profit differs from the profit reported in the |
statement of comprehensive income because of items of income or expense that are taxable or deductible in other |
years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax |
rates that have been enacted or substantively enacted by the end of the reporting period. |
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the |
financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax |
liabilities are generally recognised for all deductible temporary differences to the extent that it is probable that taxable |
profits will be available against which those deductible timing differences can be utilised. The carrying amount of |
deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer |
probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. |
Deferred tax assets and liabilties are measured at the tax rates that are expected to apply in the period in which the |
liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively |
enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions and deferred tax |
assets within debtors. The measurement of deferred tax liabilities and assets reflects the tax consequences that |
would follow from the manner in which the company expects, at the end of the reporting period, to recover or settle |
the carrying amount of its assets and liabilities. |
Current deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised |
in other comprehensive income or directly in equity, in which case, the current or deferred tax is also recognised in |
other comprehensive income or directly in equity respectively. |
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For the year ended 31 August 2023
Your Pension Redress Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
2,403
2,403
Provision for depreciation and impairment |
1,151
Charge for year
313
1,464
939
1,252
3. Trade and other receivables |
2022
2023
57,353
62,000
The debtors above include the following amounts falling due after more than one year: |
-
50,000
4. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
9,708
-
Taxation and social security |
21,524
17,382
1,200
720
32,432
18,102
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
Bank loans and overdraft (secured) |
26,544
45,561
-
-
26,544
45,561
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For the year ended 31 August 2023
Your Pension Redress Limited
Notes to the Financial Statements Continued
6. Related party transactions |
Included within other debtors is £5,000 due from the company's parent company, Brookes Goodwin Limited. This |
loan is not interest-bearing. |
7. Directors advances and guarantees |
Included in other debtors are loans advanced to directors of £50,876. The loans are interest-bearing at an annual |
rate of 2% for the part of the financial year falling within the fiscal year ended 5 April 2023 and 2.25% for the part of |
the financial year falling within the fiscal year ended 5 April 2024. |
8. Average number of persons employed |
During the year the average number of employees was 2 (2022 : 5)
9. Parent-subsidiary relationship |
The parent undertaking of the company is Brookes Goodwin Limited whose registered office and principal place of business is at 17 Carmen Court, 35 Toye Avenue, London, England, N20 0FN. |
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