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REGISTERED NUMBER: 06435698 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

My Old Place UK Limited

My Old Place UK Limited (Registered number: 06435698)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


My Old Place UK Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr Y Wang





REGISTERED OFFICE: 88-90 Middlesex Street
London
E1 7EZ





REGISTERED NUMBER: 06435698 (England and Wales)





ACCOUNTANTS: Wilson & Co
Chartered Certified Accountants
3rd Floor
9 St. Clare Street
London
EC3N 1LQ

My Old Place UK Limited (Registered number: 06435698)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,500 7,500
Tangible assets 5 135,211 125,948
141,711 133,448

CURRENT ASSETS
Stocks 10,000 28,000
Debtors 6 16,522 9,569
Cash at bank and in hand 208,160 101,619
234,682 139,188
CREDITORS
Amounts falling due within one year 7 143,890 119,500
NET CURRENT ASSETS 90,792 19,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,503

153,136

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 222,503 143,136
SHAREHOLDERS' FUNDS 232,503 153,136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

My Old Place UK Limited (Registered number: 06435698)

Balance Sheet - continued
30 April 2024


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 director and authorised for issue on 15 January 2025 and were signed by:





Mr Y Wang - Director


My Old Place UK Limited (Registered number: 06435698)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

My Old Place UK Limited 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 2007, is being amortised evenly over its estimated useful life of twenty 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.
Plant and machinery etc - 20% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 year 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.

My Old Place UK Limited (Registered number: 06435698)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 17 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 20,000
AMORTISATION
At 1 May 2023 12,500
Charge for year 1,000
At 30 April 2024 13,500
NET BOOK VALUE
At 30 April 2024 6,500
At 30 April 2023 7,500

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 65,000 199,312 264,312
Additions - 23,042 23,042
At 30 April 2024 65,000 222,354 287,354
DEPRECIATION
At 1 May 2023 - 138,364 138,364
Charge for year - 13,779 13,779
At 30 April 2024 - 152,143 152,143
NET BOOK VALUE
At 30 April 2024 65,000 70,211 135,211
At 30 April 2023 65,000 60,948 125,948

My Old Place UK Limited (Registered number: 06435698)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 2,006 6,440
Other debtors 14,516 3,129
16,522 9,569

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts - 2,989
Trade creditors 28,314 24,035
Taxation and social security 72,614 61,726
Other creditors 42,962 30,750
143,890 119,500

8. OTHER FINANCIAL COMMITMENTS

At the year end the company had total commitments under operating leases expiring after more than 20 years of £110,000 (£2023: £165,000).

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mr Y Wang
Balance outstanding at start of year (3,000 ) -
Amounts advanced - (3,000 )
Amounts repaid 3,000 -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (3,000 )