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YOUR PLACE LIMITED

Unaudited Financial Statements

for the Year Ended 30th June 2024






YOUR PLACE LIMITED (REGISTERED NUMBER: 08273418)






Contents of the Financial Statements
for the year ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YOUR PLACE LIMITED

Company Information
for the year ended 30th June 2024







DIRECTOR: D Gulzar





REGISTERED OFFICE: 162 - 164 Smithdown Road
Liverpool
Merseyside
L15 3JR





REGISTERED NUMBER: 08273418 (England and Wales)





ACCOUNTANTS: Haines Watts Wirral Limited
1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH

YOUR PLACE LIMITED (REGISTERED NUMBER: 08273418)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 26,652 20,979

CURRENT ASSETS
Debtors 5 620,482 489,692
Cash at bank 131,146 100,082
751,628 589,774
CREDITORS
Amounts falling due within one year 6 165,142 119,137
NET CURRENT ASSETS 586,486 470,637
TOTAL ASSETS LESS CURRENT LIABILITIES 613,138 491,616

CREDITORS
Amounts falling due after more than one
year

7

(10,313

)

(20,326

)

PROVISIONS FOR LIABILITIES (8,015 ) (3,565 )
NET ASSETS 594,810 467,725

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 594,809 467,724
SHAREHOLDERS' FUNDS 594,810 467,725

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

YOUR PLACE LIMITED (REGISTERED NUMBER: 08273418)

Balance Sheet - continued
30th June 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 22nd May 2025 and were signed by:





D Gulzar - Director


YOUR PLACE LIMITED (REGISTERED NUMBER: 08273418)

Notes to the Financial Statements
for the year ended 30th June 2024

1. STATUTORY INFORMATION

Your Place 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

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.

YOUR PLACE LIMITED (REGISTERED NUMBER: 08273418)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors
Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to / from related parties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st July 2023 15,179 52,724 13,300 81,203
Additions - 8,350 6,946 15,296
At 30th June 2024 15,179 61,074 20,246 96,499
DEPRECIATION
At 1st July 2023 12,108 34,816 13,300 60,224
Charge for year 767 6,564 2,292 9,623
At 30th June 2024 12,875 41,380 15,592 69,847
NET BOOK VALUE
At 30th June 2024 2,304 19,694 4,654 26,652
At 30th June 2023 3,071 17,908 - 20,979

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 64,259 24,933
Other debtors 556,223 464,759
620,482 489,692

YOUR PLACE LIMITED (REGISTERED NUMBER: 08273418)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,600 9,600
Taxation and social security 87,631 63,771
Other creditors 67,911 45,766
165,142 119,137

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,313 20,326

8. RELATED PARTY DISCLOSURES

Included in other debtors is £104,255 (2023 £113,759) owed from LS Property Services (NW) Ltd, a company wholly owned by Mr D Gulzar who is the sole director and shareholder of Your Place Limited.

Further included in other debtors is the sum of £400,000 (2023 £300,000) owed from MGM Estates (UK) Ltd, a company in which Mr D Gulzar is also directors and shareholder.

Included in other creditors is £885 (2023 £885) owed to Mr D Gulzar who is the sole director and shareholder of Your Place Limited.