1 May 2023 false No description of principal activity Taxfiler 2024.6 07219995business:PrivateLimitedCompanyLtd2023-05-012024-04-30 072199952023-04-30 072199952023-05-012024-04-30 07219995business:AuditExemptWithAccountantsReport2023-05-012024-04-30 07219995business:FilletedAccounts2023-05-012024-04-30 072199952024-04-30 072199952023-04-30 07219995core:WithinOneYear2024-04-30 07219995core:WithinOneYear2023-04-30 07219995core:AfterOneYear2024-04-30 07219995core:AfterOneYear2023-04-30 07219995core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 07219995core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 07219995core:RevaluationReservecore:PreviouslyStatedAmount2024-04-30 07219995core:RevaluationReservecore:PreviouslyStatedAmount2023-04-30 07219995core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 07219995core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 07219995core:PreviouslyStatedAmount2024-04-30 07219995core:PreviouslyStatedAmount2023-04-30 07219995business:SmallEntities2023-05-012024-04-30 07219995business:Director12023-05-012024-04-30 07219995countries:EnglandWales2023-05-012024-04-30 07219995business:RegisteredOffice2023-05-012024-04-30 07219995core:MotorVehicles2023-05-012024-04-30 07219995core:FurnitureFittings2023-05-012024-04-30 07219995core:LandBuildings2023-04-30 07219995core:MotorVehicles2023-04-30 07219995core:FurnitureFittings2023-04-30 07219995core:LandBuildings2023-05-012024-04-30 07219995core:LandBuildings2024-04-30 07219995core:MotorVehicles2024-04-30 07219995core:FurnitureFittings2024-04-30 072199952022-05-012023-04-30 iso4217:GBP xbrli:pure
MYC Properties Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,669,155 
4,743,353 
Current assets
Debtors
86,935 
68,616 
Cash at bank and in hand
13,447 
20,644 
100,382 
89,260 
Creditors: amounts falling due within one year
(3,057,717)
(3,113,599)
Net current liabilities
(2,957,335)
(3,024,339)
Total assets less current liabilities
9,711,820 
1,719,014 
Creditors: amounts falling due after more than one year
(1,110,400)
(1,164,000)
Net assets
8,601,420 
555,014 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
7,957,645 
- 
Profit and loss account
643,675 
554,914 
Shareholders' funds
8,601,420 
555,014 
For the year ending 30 April 2024 the company was entitled to exemption from audit 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.
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 27 January 2025 and were signed on its behalf by
Yildirim Gunac Yaman Director Company Registration No. 07219995
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MYC Properties Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
MYC Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 07219995. The registered office is 475-477 High Road Leyton, London, London, E10 5EL, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Motor vehicles
25% on written down value
Fixtures & fittings
15% on written down value
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At cost 
At 1 May 2023
4,242,355 
4,608 
1,142,226 
5,389,189 
Additions
- 
- 
49,733 
49,733 
Revaluations
7,957,645 
- 
- 
7,957,645 
At 30 April 2024
12,200,000 
4,608 
1,191,959 
13,396,567 
Depreciation
At 1 May 2023
- 
4,608 
641,228 
645,836 
Charge for the year
- 
81,576 
- 
81,576 
At 30 April 2024
- 
86,184 
641,228 
727,412 
Net book value
At 30 April 2024
12,200,000 
(81,576)
550,731 
12,669,155 
At 30 April 2023
4,242,355 
- 
500,998 
4,743,353 
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MYC Properties Limited Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
(4,335)
3,115 
Trade debtors
24,000 
- 
Other debtors
67,270 
65,501 
86,935 
68,616 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
53,600 
53,600 
Trade creditors
16,251 
51,544 
Taxes and social security
27,674 
3,381 
Other creditors
862,480 
912,161 
Loans from directors
2,092,912 
2,092,913 
Accruals
4,800 
- 
3,057,717 
3,113,599 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,110,400 
1,164,000 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 3 -