Registered number
12269912
MYA Housing Ltd
Abridged Accounts
31 October 2023
MYA Housing Ltd
Registered number: 12269912
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 120,000 115,000
Current assets
Cash at bank and in hand 5,203 5,758
Creditors: amounts falling due within one year 4 (4,072) (4,062)
Net current assets 1,131 1,696
Total assets less current liabilities 121,131 116,696
Creditors: amounts falling due after more than one year 5 (81,488) (81,488)
Provisions for liabilities (8,544) (7,594)
Net assets 31,099 27,614
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 36,425 32,375
Profit and loss account (5,426) (4,861)
Shareholder's funds 31,099 27,614
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jared Rosser
Director
Approved by the board on 24 July 2024
MYA Housing Ltd
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is rental income incurred during the year from investment properties held.

Revenue from the provision of rental properties is recognised over the period of rent, when and to the extent that, the company obtains the right to consideration in exchange for services provided.
Tangible fixed assets
Tangible fixed assets solely include residential investment properties that are held for earning rental income and capital appreciation. No depreciation has been provided.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 November 2022 115,000
Surplus on revaluation 5,000
At 31 October 2023 120,000
Depreciation
At 31 October 2023 -
Net book value
At 31 October 2023 120,000
At 31 October 2022 115,000
Freehold land and buildings: 2023 2022
£ £
Fair value 120,000 115,000
Cumulative depreciation based on historical cost - -
120,000 115,000
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in the profit and loss account.

Oct 20 - £75,031 Cost
Oct 21 - £75,031 Cost
Oct 22 - £75,031 Cost
£39,969 fair value adjustment
£115,000 fair value revaluation
Oct 23 - £5,000 fair value adjustment
£120,000 fair value revaluation

Fair value revaluations are provided and recognised by the director and are considered in line with current market conditions.
4 Creditors: amounts falling due within one year 2023 2022
£ £
Mortgage < 1 year 2,762 2,762
Bond Received 475 475
Other creditors 835 825
4,072 4,062
5 Creditors: amounts falling due after one year 2023 2022
£ £
Mortgage > 1 year 81,488 81,488
6 Loans 2023 2022
£ £
Creditors include:
Secured mortgage 84,250 84,250
Mortgage secured on rental property.
7 Revaluation reserve 2023 2022
£ £
At 1 November 2022 32,375 -
Gain on revaluation of land and buildings 5,000 39,969
Deferred taxation arising on the revaluation of land and buildings (950) (7,594)
At 31 October 2023 36,425 32,375
8 Related party transactions
The director operates a current loan account with the company, which is debited with payments made by the company on behalf of the director and credited with funds introduced and undrawn director's fees. At the year end the amount outstanding to the director was £105. This amount being included in Creditors: amounts falling due within one year.
9 Called up share capital
£ £
Allotted, issued and fully paid:
Number: Nominal value
Ordinary shares 100 £1 100 100
100 100
10 Other information
MYA Housing Ltd is a private company limited by shares and incorporated in Wales. Its registered office is:
1 Hynam Place
Garndiffaith
Pontypool
Gwent
NP4 7PH
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