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REGISTERED NUMBER: 06073042 (England and Wales)















MYPROPERTY (SALES) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025






MYPROPERTY (SALES) LIMITED (REGISTERED NUMBER: 06073042)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MYPROPERTY (SALES) LIMITED

COMPANY INFORMATION
for the year ended 31 January 2025







DIRECTOR: Mrs R Shaheen





REGISTERED OFFICE: Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS





REGISTERED NUMBER: 06073042 (England and Wales)





ACCOUNTANTS: SMH Sheards
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

MYPROPERTY (SALES) LIMITED (REGISTERED NUMBER: 06073042)

BALANCE SHEET
31 January 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 500,000 410,000
500,000 410,000

CURRENT ASSETS
Debtors 6 15,349 14,293
Cash at bank 14,914 11,733
30,263 26,026
CREDITORS
Amounts falling due within one year 7 (146,476 ) (138,872 )
NET CURRENT LIABILITIES (116,213 ) (112,846 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

383,787

297,154

PROVISIONS FOR LIABILITIES 8 (21,946 ) -
NET ASSETS 361,841 297,154

CAPITAL AND RESERVES
Called up share capital 2 2
Non distributable reserve 9 167,183 99,129
Retained earnings 194,656 198,023
SHAREHOLDERS' FUNDS 361,841 297,154

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

MYPROPERTY (SALES) LIMITED (REGISTERED NUMBER: 06073042)

BALANCE SHEET - continued
31 January 2025


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 18 June 2025 and were signed by:





Mrs R Shaheen - Director


MYPROPERTY (SALES) LIMITED (REGISTERED NUMBER: 06073042)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2025


1. STATUTORY INFORMATION

Myproperty (Sales) 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 as modified by the revaluation of certain assets.

Turnover
Turnover is derived from rental income, which is recognised on an accruals basis excluding value added tax.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including other creditors and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

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.


MYPROPERTY (SALES) LIMITED (REGISTERED NUMBER: 06073042)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2025


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024
and 31 January 2025 3,442
DEPRECIATION
At 1 February 2024
and 31 January 2025 3,442
NET BOOK VALUE
At 31 January 2025 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024 410,000
Revaluations 90,000
At 31 January 2025 500,000
NET BOOK VALUE
At 31 January 2025 500,000
At 31 January 2024 410,000

Fair value at 31 January 2025 is represented by:
£   
Valuation in 2025 500,000

MYPROPERTY (SALES) LIMITED (REGISTERED NUMBER: 06073042)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2025


5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2025 2024
£    £   
Cost 310,871 310,871

Investment property was valued on an open market basis on 31 January 2025 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,500 1,500
Other debtors 13,849 12,793
15,349 14,293

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security - 3,007
Other creditors 146,476 135,865
146,476 138,872

8. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 21,946 -

Deferred
tax
£   
Provided during year 21,946
Balance at 31 January 2025 21,946

9. RESERVES
Non
distributable
reserve
£   
At 1 February 2024 99,129
Revaluation of properties 90,000
Deferred tax on non
distributable reserves (21,946 )

At 31 January 2025 167,183

MYPROPERTY (SALES) LIMITED (REGISTERED NUMBER: 06073042)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2025


10. RELATED PARTY DISCLOSURES

Loans owing to the director on an interest free basis of £114,915 (2024 - £114,915) were outstanding at the year end, the amounts are repayable on demand.