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Registration number: 09746545

Your Property Help Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Your Property Help Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Your Property Help Ltd

Company Information

Director

Mr Andrzej Turkiewicz

Registered office

27 Old Gloucester Street
London
WC1N 3AX

Accountants

Michaelides Warner & Co Limited
102 Fulham Palace Road
London
W6 9PL

 

Your Property Help Ltd

(Registration number: 09746545)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

6,221

22,929

Cash at bank and in hand

 

6

252

 

6,227

23,181

Creditors: Amounts falling due within one year

5

(1,050)

(1,830)

Total assets less current liabilities

 

5,177

21,351

Creditors: Amounts falling due after more than one year

5

(35,256)

(36,440)

Net liabilities

 

(30,079)

(15,089)

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

(30,080)

(15,090)

Shareholders' deficit

 

(30,079)

(15,089)

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 August 2025
 

.........................................
Mr Andrzej Turkiewicz
Director

 

Your Property Help Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
27 Old Gloucester Street
London
WC1N 3AX
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The directors consider that there are no key judgements that management have made in the process of applying the company’s accounting policies and that may have had a significant effect on the amounts recognised in the financial statements.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Your Property Help Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like investments, trade and other receivables, cash and bank balances, trade and other creditors.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or cash consolidation expected to be paid or received.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Your Property Help Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Debtors

Current

2024
£

2023
£

Other debtors

6,221

22,929

 

6,221

22,929

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

450

1,230

Accruals and deferred income

600

600

1,050

1,830

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

35,256

36,440

 

Your Property Help Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

6

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary Shares of £0.01 each

100

1

100

1

         

7

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

35,256

36,440

8

Related party transactions

Transactions with the director

2024

At 1 September 2023
£

Repayments by director
£

At 31 August 2024
£

Mr Andrzej Turkiewicz

Amounts owed to/(from) the Director

(14,408)

14,408

-

       
     

 

2023

At 1 September 2022
£

Repayments by director
£

At 31 August 2023
£

Mr Andrzej Turkiewicz

Amounts owed to/(from) the Director

(19,004)

4,596

(14,408)