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My London Home (Property Management) Ltd

Financial Statements for the Year Ended 31 December 2023






My London Home (Property Management) Ltd (Registered number: 08758921)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


My London Home (Property Management) Ltd

Company Information
for the year ended 31 December 2023







DIRECTORS: Mr S A Herd
Mr A Griffith





REGISTERED OFFICE: Suite 308
231 Vauxhall Bridge Road
London
SW1V 1AD





REGISTERED NUMBER: 08758921 (England and Wales)





ACCOUNTANTS: Hargreaves Owen Ltd
Chartered Certified Accountants
Red Sky House
Fairclough Hall, Halls Green
Weston
Hertfordshire
SG4 7DP

My London Home (Property Management) Ltd (Registered number: 08758921)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,690 -
Tangible assets 5 7,940 -
27,630 -

CURRENT ASSETS
Debtors 6 44,136 4,191
Cash at bank 55,884 2,233
100,020 6,424
CREDITORS
Amounts falling due within one year 7 123,838 3,933
NET CURRENT (LIABILITIES)/ASSETS (23,818 ) 2,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,812

2,491

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,712 2,391
SHAREHOLDERS' FUNDS 3,812 2,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





Mr S A Herd - Director


My London Home (Property Management) Ltd (Registered number: 08758921)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

My London Home (Property Management) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 50% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 24,613
At 31 December 2023 24,613
AMORTISATION
Charge for year 4,923
At 31 December 2023 4,923
NET BOOK VALUE
At 31 December 2023 19,690

My London Home (Property Management) Ltd (Registered number: 08758921)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
Additions 178 15,614 15,792
At 31 December 2023 178 15,614 15,792
DEPRECIATION
Charge for year 45 7,807 7,852
At 31 December 2023 45 7,807 7,852
NET BOOK VALUE
At 31 December 2023 133 7,807 7,940

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,348 4,091
Other debtors 5,100 -
Intercompany debtor 28,588 -
Called up share capital not paid 100 100
44,136 4,191

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 39,972 838
Corporation tax 11,974 561
PAYE 25,617 -
VAT 29,130 1,860
Other creditors 14,142 324
Pension fund 1,003 -
Accrued expenses 2,000 350
123,838 3,933