MY NEW HOME LONDON LIMITED |
Registered number: |
13283487 |
Balance Sheet |
as at 31 March 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Investments |
3 |
|
|
262,900 |
|
|
262,900 |
|
Current assets |
Cash at bank and in hand |
|
|
14,200 |
|
|
6,611 |
|
Creditors: amounts falling due within one year |
4 |
|
(82,195) |
|
|
(81,062) |
|
Net current liabilities |
|
|
|
(67,995) |
|
|
(74,451) |
|
Total assets less current liabilities |
|
|
|
194,905 |
|
|
188,449 |
|
Creditors: amounts falling due after more than one year |
5 |
|
|
(192,245) |
|
|
(192,245) |
|
|
|
Net assets/(liabilities) |
|
|
|
2,660 |
|
|
(3,796) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
2,560 |
|
|
(3,896) |
|
Shareholders' funds |
|
|
|
2,660 |
|
|
(3,796) |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
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. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
Mrs A Shah |
Director |
Approved by the board on 22 November 2024 |
|
MY NEW HOME LONDON LIMITED |
Notes to the Accounts |
for the year ended 31 March 2024 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
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). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes rent receivable for the year from the company's investment property. |
|
|
Investments |
|
Investment property is measured at fair value. Changes in fair value are included in the profit and loss account. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
3 |
Investments |
|
Investment |
property |
£ |
|
Cost |
|
At 1 April 2023 |
262,900 |
|
|
At 31 March 2024 |
262,900 |
|
|
4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Taxation and social security costs |
600 |
|
- |
|
Other creditors |
81,595 |
|
81,062 |
|
|
|
|
|
|
82,195 |
|
81,062 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
£ |
£ |
|
|
Bank loan |
192,245 |
|
192,245 |
|
|
|
|
|
|
|
|
|
|
Bank loan is secured by first legal charge over the company's investment property. |
|
6 |
Related party transactions |
|
|
Included in other creditors is an amount owed to directors in the sum of £79,262 (2023: £80,018). The balance owed is interest free and payable on demand. |
|
|
7 |
Other information |
|
|
MY NEW HOME LONDON LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
600 Kenton Road |
|
Harrow |
|
Middlesex |
|
HA3 9NP |