1 May 2024 true Taxfiler 2024.6 10763789business:PrivateLimitedCompanyLtd2024-05-012025-04-30 107637892024-04-30 10763789business:EntityNoLongerTradingButTradedInPast2024-05-012025-04-30 107637892024-05-012025-04-30 10763789business:AuditExemptWithAccountantsReport2024-05-012025-04-30 10763789business:FilletedAccounts2024-05-012025-04-30 107637892025-04-30 10763789business:Director12024-05-012025-04-30 10763789business:Director22024-05-012025-04-30 10763789business:RegisteredOffice2024-05-012025-04-30 107637892024-04-30 10763789core:WithinOneYear2025-04-30 10763789core:WithinOneYear2024-04-30 10763789core:AfterOneYear2025-04-30 10763789core:AfterOneYear2024-04-30 10763789core:ShareCapitalcore:PreviouslyStatedAmount2025-04-30 10763789core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 10763789core:RevaluationReservecore:PreviouslyStatedAmount2025-04-30 10763789core:RevaluationReservecore:PreviouslyStatedAmount2024-04-30 10763789core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-04-30 10763789core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 10763789core:PreviouslyStatedAmount2025-04-30 10763789core:PreviouslyStatedAmount2024-04-30 10763789business:SmallEntities2024-05-012025-04-30 10763789countries:EnglandWales2024-05-012025-04-30 10763789core:LandBuildings2024-05-012025-04-30 10763789core:LandBuildings2024-04-30 10763789core:FurnitureFittings2024-04-30 10763789core:FurnitureFittings2024-05-012025-04-30 10763789core:LandBuildings2025-04-30 10763789core:FurnitureFittings2025-04-30 10763789core:MoreThanFiveYears2025-04-30 10763789core:MoreThanFiveYears2024-04-30 10763789core:AfterOneYear2024-05-012025-04-30 10763789core:RevaluationPropertyDeferredTax2025-04-30 10763789core:RevaluationPropertyDeferredTax2024-04-30 10763789core:TaxLossesCarry-forwardsDeferredTax2025-04-30 10763789core:TaxLossesCarry-forwardsDeferredTax2024-04-30 107637892023-04-30 107637892023-05-012024-04-30 iso4217:GBP xbrli:pure
Company Registration No. 10763789 (England and Wales)
MYPROP LTD Unaudited accounts for the year ended 30 April 2025
MYPROP LTD Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
MYPROP LTD Company Information for the year ended 30 April 2025
Directors
Andrew Myers Jessica Susan Myers
Company Number
10763789 (England and Wales)
Registered Office
3 Norfolk Gardens Tockwith York North Yorkshire YO26 7QW England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
- 3 -
MYPROP LTD Accountants' report
Accountants' report to the board of directors of MYPROP LTD on the preparation of the unaudited statutory accounts for the year ended 30 April 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MYPROP LTD for the year ended 30 April 2025 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of MYPROP LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of MYPROP LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MYPROP LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MYPROP LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MYPROP LTD. You consider that MYPROP LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of MYPROP LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 15 July 2025
- 4 -
MYPROP LTD Statement of financial position as at 30 April 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
475,001 
945,001 
Current assets
Cash at bank and in hand
64,409 
6,081 
Creditors: amounts falling due within one year
5
(215,451)
(296,025)
Net current liabilities
(151,042)
(289,944)
Total assets less current liabilities
323,959 
655,057 
Creditors: amounts falling due after more than one year
6
(300,999)
(639,498)
Provisions for liabilities
Deferred tax
7
(3,999)
(6,418)
Net assets
18,961 
9,141 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
38,535 
27,383 
Profit and loss account
(19,575)
(18,243)
Shareholders' funds
18,961 
9,141 
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 8 October 2025 and were signed on its behalf by
Andrew Myers Director Company Registration No. 10763789
- 5 -
MYPROP LTD Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
MYPROP LTD is a private company, limited by shares, registered in England and Wales, registration number 10763789. The registered office is 3 Norfolk Gardens, Tockwith, York, North Yorkshire, YO26 7QW, 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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:
Land & buildings
Not depreciated
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 6 -
MYPROP LTD Notes to the Accounts for the year ended 30 April 2025
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At 1 May 2024
935,166 
25,288 
960,454 
Revaluations
29,908 
- 
29,908 
Disposals
(490,074)
(12,666)
(502,740)
At 30 April 2025
475,000 
12,622 
487,622 
Depreciation
At 1 May 2024
- 
15,453 
15,453 
Charge for the year
- 
4,908 
4,908 
On disposals
- 
(7,740)
(7,740)
At 30 April 2025
- 
12,621 
12,621 
Net book value
At 30 April 2025
475,000 
1 
475,001 
At 30 April 2024
935,166 
9,835 
945,001 
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Loans from directors
214,641 
295,215 
Accruals
810 
810 
215,451 
296,025 
6
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
300,999 
639,498 
Aggregate of amounts that fall due for payment after five years
300,999 
639,498 
Included in long term creditors is a bank loan secured on the investment property. A personal guarantee has been provided.
7
Deferred taxation
2025 
2024 
£ 
£ 
Revaluation of land and buildings
12,845 
13,072 
Tax losses carried forward
(8,846)
(6,654)
3,999 
6,418 
2025 
2024 
£ 
£ 
Provision at start of year
6,418 
- 
(Credited)/charged to the profit and loss account
(2,419)
6,418 
Provision at end of year
3,999 
6,418 
- 7 -
MYPROP LTD Notes to the Accounts for the year ended 30 April 2025
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 8 -