2022-09-01 09067674 2023-08-31 09067674 2022-09-01 2023-08-31 09067674 2022-08-31 09067674 2021-09-01 2022-08-31 09067674 uk-core:WithinOneYear 2022-08-31 09067674 uk-core:WithinOneYear 2023-08-31 09067674 uk-core:AfterOneYear 2022-08-31 09067674 uk-core:AfterOneYear 2023-08-31 09067674 uk-core:ShareCapital 2023-08-31 09067674 uk-core:ShareCapital 2022-08-31 09067674 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 09067674 uk-core:RetainedEarningsAccumulatedLosses 2022-08-31 09067674 uk-bus:Director1 2022-09-01 2023-08-31 09067674 uk-core:WithinOneYear uk-core:Secured 2023-08-31 09067674 uk-core:WithinOneYear uk-core:Secured 2022-08-31 iso4217:GBP xbrli:pure 09067674 uk-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 09067674 uk-bus:FRS102 2022-09-01 2023-08-31 09067674 uk-bus:FilletedAccounts 2022-09-01 2023-08-31 09067674 uk-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31
Your Pension Redress Limited
Registered Number:09067674
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
09067674
As at 31 August 2023
Your Pension Redress Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
939
1,252
2
939
1,252
Current assets
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
Capital and reserves
Called up share capital
100
100
Retained earnings
(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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4
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.
Registered address:
17 Carmen Court
35 Toye Avenue
London
N20 0FN
The presentation currency is £ sterling.
1. Accounting policies
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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5
For the year ended 31 August 2023
Your Pension Redress Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Computer
Equipment
£
Cost or
valuation
At 01 September 2022
2,403
At 31 August 2023
2,403
Provision for depreciation and impairment
At 01 September 2022
1,151
Charge for year
313
At 31 August 2023
1,464
At 31 August 2023
Net book value
939
At 31 August 2022
1,252
3. Trade and other receivables
2022
2023
£
£
Other debtors
57,353
62,000
The debtors above include the following amounts falling due after more than one year:
Other debtors
-
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
Other creditors
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
Other creditors
-
-
26,544
45,561
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6
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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