MYSQUARE APARTMENTS LTD

Company Registration Number:
06910654 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

MYSQUARE APARTMENTS LTD

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Notes

MYSQUARE APARTMENTS LTD

Balance sheet

As at 30 September 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 6,978 10,467
Investments: 4 84,312 72,312
Total fixed assets: 91,290 82,779
Current assets
Debtors:   488,344 477,990
Cash at bank and in hand: 42,205 20,455
Total current assets: 530,549 498,445
Creditors: amounts falling due within one year:   (388,666) (389,925)
Net current assets (liabilities): 141,883 108,520
Total assets less current liabilities: 233,173 191,299
Provision for liabilities: (8,634) (12,080)
Total net assets (liabilities): 224,539 179,219
Capital and reserves
Called up share capital: 267 267
Share premium account: 74,833 74,833
Revaluation reserve:524,31212,312
Profit and loss account: 125,127 91,807
Shareholders funds: 224,539 179,219

The notes form part of these financial statements

MYSQUARE APARTMENTS LTD

Balance sheet statements

For the year ending 30 September 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 November 2024
and signed on behalf of the board by:

Name: S Narang
Status: Director

The notes form part of these financial statements

MYSQUARE APARTMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

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

Tangible fixed assets and depreciation policy

Depreciation has been provided at following annual rates in order to write off each assets over its estimated useful life, Plant & machinery- 20% on reducing balance method, Motor Vehicle-25% on reducing balance method, computer equipment's -33% on reducing balance method.

Intangible fixed assets and amortisation policy

Intangible assets are initially measured at cost. After Initial recognition, Intangible assets are measured at cost less any accumulated amortization impairments loss. Computer software is being amortized evenly over its estimated useful life of 5 years.

Other accounting policies

Statutory Information Mysquare Apartments LTD is private company, limited by shares, registered in Not specified/ Others. The company's registered number and registered office address can be found on Company Information page. Accounting Policies Basis of preparing financial statements These financial statements have been prepared in accordance with Financial Reporting Standard 101 "The Financial Reporting Standard applicable in UK and Republic of Ireland" including the provisions of section IA "Small Entities" and Companies Act 2006. The financial statement has been prepared under historical cost convention. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Goodwill, being the amount paid in connection with the acquisition of a business is 0, is being amortized evenly over its estimated useful life of nil years. Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortization and any accumulated impairment loss. Computer software is being amortized evenly over its estimated useful life of 5 years. Tangible Fixed Assets Depreciation has been provided at following annual rates in order to write off each assets over its estimated useful life. The investment in subsidiaries undertaking is recognized at cost. Stocks are valued at lower of cost and net realizable value, after making due allowances for obsolete and slow moving items. Taxation for the year comprises current and deferred tax. Tax is recognized in the income statement, except to the extent that it relates to items recognized in other comprehensive income or directly in equity Current or deferred taxation assets and liabilities are not discounted. Current tax is recognized 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 is recognized in respect of all timing differences that have originated but have not been reversed at balance sheet date. The timing difference arise from inclusion of income and expenses in tax assessment in period difference from those in which they are recognized in financial statements. deferred tax is measured using Tax rates and law that has been enacted or substantively enacted by year end and that are expected to apply to reversal of timing difference. Hire Purchase and leasing commitments Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MYSQUARE APARTMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

MYSQUARE APARTMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Intangible Assets

Total
Cost £
At 01 October 2022 183,928
At 30 September 2023 183,928
Amortisation
At 01 October 2022 173,461
Charge for year 3,489
At 30 September 2023 176,950
Net book value
At 30 September 2023 6,978
At 30 September 2022 10,467

MYSQUARE APARTMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Fixed investments

Non Current Investment valued at £84312. Shares classified as long-term investments is measured at fair value, with any increases recognized either through the Profit and Loss Account (P&L) or a Revaluation Reserve in equity, depending on the applicable accounting standard. If recognized in the P&L, the gains will affect taxable income in accordance with tax regulations. However, if recorded in the Revaluation Reserve, the gains do not impact taxable income immediately.

MYSQUARE APARTMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Revaluation reserve

2023
£
Balance at 01 October 2022 12,312
Surplus or deficit after revaluation 12,000
Balance at 30 September 2023 24,312