Buyyourhomes Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11195649

Buyyourhomes Ltd

Filleted Unaudited Financial Statements

28 February 2025

Buyyourhomes Ltd

Statement of Financial Position

28 February 2025

	2025	2024
Note	£	£

Fixed assets

Investments	5	2	2

Current assets

Debtors	6	911,627	925,754
Cash at bank and in hand		9,516	7,530
		---------	---------
		921,143	933,284

Creditors: amounts falling due within one year	7	440,162	455,120
		---------	---------
Net current assets		480,981	478,164
		---------	---------
Total assets less current liabilities		480,983	478,166

Creditors: amounts falling due after more than one year	8	731,571	731,571
		---------	---------
Net liabilities		( 250,588)	( 253,405)
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 250,688)	( 253,505)
	---------	---------
Shareholders deficit	( 250,588)	( 253,405)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2025 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 financial statements for the year in question in accordance with section 476 ;

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

Buyyourhomes Ltd

Statement of Financial Position (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 20 November 2025 , and are signed on behalf of the board by:

Mr M Ali
Director

Company registration number: 11195649

Buyyourhomes Ltd

Notes to the Financial Statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2, 32-34 Station Close, Potters Bar, Herts, EN6 1TL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rentals and the sale of stock of properties.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: 3 ).

5. Investments

	Shares in group undertakings
	£
Cost
At 1 March 2024 and 28 February 2025	2
	----
Impairment
At 1 March 2024 and 28 February 2025	–
	----

Carrying amount
At 28 February 2025	2
	----
At 29 February 2024	2
	----

The investment relates to a 100% shareholding in Buyyourhomes (Leaseholds) Ltd. This company is registered in England and it's principal activity is that of property investment.

6. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	911,627	925,754
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	436,467	446,466
Corporation tax	–	4,959
Social security and other taxes	1,295	1,295
Other creditors	2,400	2,400
	---------	---------
	440,162	455,120
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	731,571	731,571
	---------	---------

9. Controlling party

The company is under the control of its shareholders, Messrs A Ali, H Emin and F Marazzi.