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REGISTERED NUMBER: 14573079 (England and Wales)






















Unaudited Financial Statements

for the period

5 January 2023 to 31 January 2024

for

My 247 Life Ltd

My 247 Life Ltd (Registered number: 14573079)






Contents of the Financial Statements
for the period 5 January 2023 to 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


My 247 Life Ltd

Company Information
for the period 5 January 2023 to 31 January 2024







DIRECTORS: Mr S M Lake
Mrs M C Lake





REGISTERED OFFICE: Pemberley House & Farm
Sandy Lane
Caverswall
Stoke on Trent
ST11 9DX





REGISTERED NUMBER: 14573079 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
Cherry Tree Court
Cross Street
Leek
Staffordshire
ST13 6BL

My 247 Life Ltd (Registered number: 14573079)

Balance Sheet
31 January 2024

Notes £
FIXED ASSETS
Tangible assets 4 822,207

CURRENT ASSETS
Debtors 5 5,674
Cash at bank 799
6,473
CREDITORS
Amounts falling due within one year 6 (307,699 )
NET CURRENT LIABILITIES (301,226 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

520,981

CREDITORS
Amounts falling due after more than one year 7 (545,022 )
NET LIABILITIES (24,041 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (24,141 )
(24,041 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2024 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 4 October 2024 and were signed on its behalf by:




Mr S M Lake - Director



Mrs M C Lake - Director


My 247 Life Ltd (Registered number: 14573079)

Notes to the Financial Statements
for the period 5 January 2023 to 31 January 2024

1. STATUTORY INFORMATION

My 247 Life 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. TANGIBLE FIXED ASSETS
Land and
buildings
£
COST
Additions 822,207
At 31 January 2024 822,207
NET BOOK VALUE
At 31 January 2024 822,207

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Other debtors 5,674

My 247 Life Ltd (Registered number: 14573079)

Notes to the Financial Statements - continued
for the period 5 January 2023 to 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Bank loans and overdrafts (8,044 )
Trade creditors 3,238
Taxation and social security 4,696
Other creditors 307,809
307,699

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£
Bank loans 545,022

8. SECURED DEBTS

The following secured debts are included within creditors:

£
Bank loans 536,978

The Bank loan from Allica Bank is secured by a mortgage over the Freehold Property