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Company Registration No. 10288589 (England and Wales)
MYR Estates Limited Unaudited accounts for the year ended 31 July 2023
MYR Estates Limited Unaudited accounts Contents
Page
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MYR Estates Limited Company Information for the year ended 31 July 2023
Director
M.Perlman
Company Number
10288589 (England and Wales)
Registered Office
103 High Street Waltham Cross Herts EN8 7AN England
Accountants
Brindley Goldstein Ltd 103 High Street Waltham Cross EN8 7AN
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of MYR Estates Limited for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MYR Estates Limited for the year ended 31 July 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of MYR Estates Limited, as a body, in accordance with the terms of our engagement letter dated 9 April 2018. Our work has been undertaken solely to prepare for your approval the accounts of MYR Estates Limited and state those matters that we have agreed to state to the Board of Directors of MYR Estates Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MYR Estates Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MYR Estates Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MYR Estates Limited. You consider that MYR Estates Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of MYR Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brindley Goldstein Ltd Chartered Accountants 103 High Street Waltham Cross EN8 7AN 18 April 2024
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MYR Estates Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
560,538 
560,538 
Current assets
Debtors
13,786 
6,254 
Cash at bank and in hand
2,214 
3,175 
16,000 
9,429 
Creditors: amounts falling due within one year
(155,660)
(154,144)
Net current liabilities
(139,660)
(144,715)
Total assets less current liabilities
420,878 
415,823 
Creditors: amounts falling due after more than one year
(382,498)
(382,497)
Net assets
38,380 
33,326 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
38,379 
33,325 
Shareholders' funds
38,380 
33,326 
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 April 2024 and were signed on its behalf by
M.Perlman Director Company Registration No. 10288589
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MYR Estates Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
MYR Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 10288589. The registered office is 103 High Street, Waltham Cross, Herts, EN8 7AN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Tangible fixed assets and depreciation
No depreciation is provided on the company's freehold properties since in the opinion of the director the expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 August 2022
560,538 
At 31 July 2023
560,538 
Depreciation
At 31 July 2023
- 
Net book value
At 31 July 2023
560,538 
At 31 July 2022
560,538 
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MYR Estates Limited Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
13,786 
6,254 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
660 
330 
Taxes and social security
8,550 
7,364 
Loans from directors
146,120 
146,120 
Accruals
330 
330 
155,660 
154,144 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
382,498 
382,497 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Transactions with related parties
The company was under the control of Mr.M.Perlman throughout the current period. Mr.M.Perlman is personally interested in 100% of the company's share capital.
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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