Registered number
13335574
MAKE MY HOME LTD
Filleted Accounts
30 April 2024
MAKE MY HOME LTD
Registered number: 13335574
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Investment Property 3 216,803 216,803
Current assets
Cash at bank and in hand 3,594 3,720
Creditors: amounts falling due within one year 4 (75,204) (75,143)
Net current liabilities (71,610) (71,423)
Total assets less current liabilities 145,193 145,380
Creditors: amounts falling due after more than one year 5 (153,992) (155,230)
Net liabilities (8,799) (9,850)
Capital and reserves
Called up share capital 20 20
Profit and loss account (8,819) (9,870)
Shareholders' funds (8,799) (9,850)
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.
A. BANSAL
Director
Approved by the board on 23 January 2025
MAKE MY HOME LTD
Notes to the Accounts
for the year ended 30 April 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 revenue earned from the rendering of services.Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments Property
Investments properties is carried at fair value determined annually by the directors and derived from current market rents and investments property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Profit and Loss Account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Investments property
Freehold
Investments
Property
£
Cost
At 1 May 2023 216,803
At 30 April 2024 216,803
The directors believe that this is a reasonable valuation for the property as at 30 April 2024.
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 75,204 75,143
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 153,992 155,230
6 Other information
MAKE MY HOME LTD is a private company limited by shares and incorporated in England. Its registered office is:
7 Oddicombe Croft
Coventry
England
CV3 5PB
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