2022-11-01 2023-10-31 false Capium Accounts Production 1.1 SC644525 bus:AbridgedAccounts 2022-11-01 2023-10-31 SC644525 bus:FRS102 2022-11-01 2023-10-31 SC644525 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 SC644525 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 SC644525 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC644525 2022-11-01 2023-10-31 SC644525 2023-10-31 SC644525 bus:RegisteredOffice 2022-11-01 2023-10-31 SC644525 core:WithinOneYear 2023-10-31 SC644525 core:AfterOneYear 2023-10-31 SC644525 bus:Director1 2022-11-01 2023-10-31 SC644525 bus:Director1 2023-10-31 SC644525 bus:Director1 2021-11-01 2022-10-31 SC644525 bus:Director2 2022-11-01 2023-10-31 SC644525 bus:Director2 2023-10-31 SC644525 bus:Director2 2021-11-01 2022-10-31 SC644525 2021-11-01 SC644525 bus:LeadAgentIfApplicable 2022-11-01 2023-10-31 SC644525 2021-11-01 2022-10-31 SC644525 2022-10-31 SC644525 core:WithinOneYear 2022-10-31 SC644525 core:AfterOneYear 2022-10-31 SC644525 bus:EntityAccountantsOrAuditors 2021-11-01 2022-10-31 SC644525 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 SC644525 bus:OrdinaryShareClass1 2023-10-31 SC644525 bus:OrdinaryShareClass1 2021-11-01 2022-10-31 SC644525 bus:OrdinaryShareClass1 2022-10-31 SC644525 core:FurnitureFittings 2022-11-01 2023-10-31 SC644525 core:FurnitureFittings 2023-10-31 SC644525 core:FurnitureFittings 2022-10-31 SC644525 core:ComputerEquipment 2022-11-01 2023-10-31 SC644525 core:ComputerEquipment 2023-10-31 SC644525 core:ComputerEquipment 2022-10-31 SC644525 core:InvestmentProperties 2022-11-01 2023-10-31 SC644525 core:InvestmentProperties 2023-10-31 SC644525 core:InvestmentProperties 2022-10-31 SC644525 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-10-31 SC644525 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-10-31 SC644525 core:CostValuation core:Non-currentFinancialInstruments 2023-10-31 SC644525 core:CostValuation core:Non-currentFinancialInstruments 2022-10-31 SC644525 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-10-31 SC644525 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-10-31 SC644525 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-10-31 SC644525 core:Non-currentFinancialInstruments 2023-10-31 SC644525 core:Non-currentFinancialInstruments 2022-10-31 SC644525 core:ShareCapital 2023-10-31 SC644525 core:ShareCapital 2022-10-31 SC644525 core:RetainedEarningsAccumulatedLosses 2023-10-31 SC644525 core:RetainedEarningsAccumulatedLosses 2022-10-31 SC644525 dpl:Item1 2022-11-01 SC644525 dpl:Item1 2023-10-31 SC644525 dpl:Item1 2021-11-01 SC644525 dpl:Item1 2022-10-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: SC644525
Scotland

 

 

 

MAKE IT YOUR PROPERTY LTD


Abridged Accounts
 


Period of accounts

Start date: 01 November 2022

End date: 31 October 2023
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Make It Your Property Ltd for the year ended 31 Oct 2022.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Make It Your Property Ltd for the year ended 31 Oct 2022 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companies 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.This report is made solely to the Board of Directors of Make It Your Property Ltd, as a body, in accordance with the terms of our engagement letter dated 18 July 2023.

Our work has been undertaken solely to prepare for your approval the accounts Make It Your Property Ltd and state those matters that we have agreed to state to the Board of Directors of Make It Your Property Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Make It Your Property Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Make It Your Property Ltd 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 Make It Your Property Ltd.

You consider that Make It Your Property Ltd 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 Make It Your Property Ltd. 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 31 Oct 2022.
 aa Chartered Accountants
31 October 2023



....................................................
aa Chartered Accountants
Fenlake House,
Fenlake Business Centre,
Fengate,
Peterborough,
PE1 5BQ
30 July 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 75,442    75,281 
75,442    75,281 
Current assets      
Debtors 92,800    65,000 
Cash at bank and in hand 897    18,189 
93,697    83,189 
Creditors: amount falling due within one year (90,072)   (94,226)
Net current assets 3,625    (11,037)
 
Total assets less current liabilities 79,067    64,244 
Creditors: amount falling due after more than one year (98,168)   (99,887)
Provisions for liabilities (177)  
Net assets (19,278)   (35,643)
 

Capital and reserves
     
Called up share capital 4 2    2 
Profit and loss account (19,280)   (35,645)
Shareholders' funds (19,278)   (35,643)
 


For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 30 July 2024 and were signed on its behalf by:


-------------------------------
David Allan
Director
2
General Information
Make It Your Property Ltd is a private company, limited by shares, registered in Scotland, registration number SC644525, registration address 9 Silverbirch Grove, Quarter, Hamilton, ML3 7XZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation 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:
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 33% Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.
2.

Average number of employees including directors

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Investment properties   Total
  £   £   £   £
At 01 November 2022 279    1,219    74,511    76,009 
Additions   576      576 
Disposals      
At 31 October 2023 279    1,795    74,511    76,585 
Depreciation
At 01 November 2022 56    672      728 
Charge for year 44    371      415 
On disposals      
At 31 October 2023 100    1,043      1,143 
Net book values
Closing balance as at 31 October 2023 179    752    74,511    75,442 
Opening balance as at 01 November 2022 223    547    74,511    75,281 


4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
2 Class A shares of £1.00 each  
 

5.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2023
£
 2022
£
 2023
£
 2022
£
Related parties8,839 8,839 

The company was advanced £8,839 brought forward from prior year.
3