REGISTERED NUMBER: 12677232 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Your Building Works Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A Jones

Ms M Kanagavel

REGISTERED OFFICE:

71-75 Shelton Street

London

Greater London

United Kingdom

WC2H 9JQ

REGISTERED NUMBER:

12677232 (England and Wales)

ACCOUNTANTS:

Horley Green Chartered Accountants

Horley Green House

Horley Green Road

Claremount

Halifax

West Yorkshire

HX3 6AS

FIXED ASSETS

Tangible assets

4

5,481

1,918

Investments

5

9

-

5,490

1,918

CURRENT ASSETS

Stocks

-

1,203,424

Debtors

6

501,077

510,394

Cash at bank

306,209

10,931

807,286

1,724,749

CREDITORS

Amounts falling due within one year

7

504,381

680,858

NET CURRENT ASSETS

302,905

1,043,891

TOTAL ASSETS LESS CURRENT LIABILITIES

308,395

1,045,809

CREDITORS

Amounts falling due after more than one year

8

-

821,584

NET ASSETS

308,395

224,225

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

308,195

224,025

308,395

224,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by:

M A Jones - Director

1.	STATUTORY INFORMATION

Your Building Works Ltd 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.

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 represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Investments in associates

Investments in associate undertakings are recognised at cost.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

2,876

Additions

4,521

At 31 December 2024

7,397

DEPRECIATION

At 1 January 2024

958

Charge for year

958

At 31 December 2024

1,916

NET BOOK VALUE

At 31 December 2024

5,481

At 31 December 2023

1,918

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

Additions

9

At 31 December 2024

9

NET BOOK VALUE

At 31 December 2024

9

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

250

500

Other debtors

499,650

509,650

VAT

1,177

244

501,077

510,394

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

89,910

-

Tax

105,249

69,328

Other creditors

-

41,652

Directors' loan accounts

309,222

569,878

504,381

680,858

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

-

821,584

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

-

821,584

10.	RELATED PARTY DISCLOSURES

The company is a 100% subsidiary of Your Properties Ltd, a company registered in United Kingdom under the registration number 12215196. Mr M Jones and Ms M Kanagavel are also directors in the company.

The company is owed £nil (2023: £1,772) at the balance sheet date from Your Homes 2 Rent Ltd, a related company.

The company owes £nil (2023: £20,220) at the balance sheet date to Your Properties Ltd, the parent company

The company was owed £499,650 (2023 £509,650l) at the balance sheet date from Axminster Court Ltd, a related company. Mr M Jones and Ms M Janagavel are also directors of this company.