Company Registration No. 10763789 (England and Wales)
MYPROP LTD
Unaudited accounts
for the year ended 30 April 2024
MYPROP LTD
Unaudited accounts
Contents
MYPROP LTD
Company Information
for the year ended 30 April 2024
Directors
Andrew Myers
Jessica Susan Allison
Company Number
10763789 (England and Wales)
Registered Office
3 Norfolk Gardens
Tockwith
York
North Yorkshire
YO26 7QW
England
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
MYPROP LTD
Accountants' report
Accountants' report to the board of directors of MYPROP LTD on the preparation of the unaudited statutory accounts for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
MYPROP LTD for the year ended
30 April 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of MYPROP LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of MYPROP LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MYPROP LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MYPROP 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 loss of MYPROP LTD. You consider that MYPROP 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 MYPROP 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.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
20 August 2024
MYPROP LTD
Statement of financial position
as at 30 April 2024
Tangible assets
945,001
1,025,001
Cash at bank and in hand
6,081
10,218
Creditors: amounts falling due within one year
(296,024)
(313,641)
Net current liabilities
(289,943)
(300,423)
Total assets less current liabilities
655,058
724,578
Creditors: amounts falling due after more than one year
(639,498)
(639,498)
Provisions for liabilities
Called up share capital
1
1
Revaluation reserve
33,782
105,353
Profit and loss account
(24,641)
(20,274)
Shareholders' funds
9,142
85,080
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by
Andrew Myers
Director
Company Registration No. 10763789
MYPROP LTD
Notes to the Accounts
for the year ended 30 April 2024
MYPROP LTD is a private company, limited by shares, registered in England and Wales, registration number 10763789. The registered office is 3 Norfolk Gardens, Tockwith, York, North Yorkshire, YO26 7QW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not depreciated
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
MYPROP LTD
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 May 2023
1,006,737
25,288
1,032,025
Revaluations
(71,571)
-
(71,571)
At 30 April 2024
935,166
25,288
960,454
At 1 May 2023
-
7,024
7,024
Charge for the year
-
8,429
8,429
At 30 April 2024
-
15,453
15,453
At 30 April 2024
935,166
9,835
945,001
At 30 April 2023
1,006,737
18,264
1,025,001
Amounts falling due within one year
Accrued income and prepayments
-
3,000
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
295,214
309,481
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
639,498
639,498
Aggregate of amounts that fall due for payment after five years
-
639,498
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).