Your Needs Your Home Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10193189 (England and Wales)

Financial Statements

for the Year Ended 31 May 2019

for

Your Needs Your Home Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs K J Morris-Garner

REGISTERED OFFICE:

The MIlls

Canal Street

Derby

Derbyshire

DE1 2RJ

BUSINESS ADDRESS:

C/o Transparent Care

7 McBride House

32 Penn Road

Beaconsfield

Buckinghamshire

HP9 2FY

REGISTERED NUMBER:

10193189 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Investment property

3

1,400,843

1,400,843

CURRENT ASSETS

Debtors

4

838,513

170,982

Cash at bank

19,251

6,760

857,764

177,742

CREDITORS

Amounts falling due within one year

5

122,100

874,206

NET CURRENT ASSETS/(LIABILITIES)

735,664

(696,464

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,136,507

704,379

CREDITORS

Amounts falling due after more than one year

6

2,224,570

754,170

NET LIABILITIES

(88,063

)

(49,791

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(88,163

)

(49,891

)

SHAREHOLDERS' FUNDS

(88,063

)

(49,791

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 17 March 2020 and were signed by:

Mrs K J Morris-Garner - Director

1.	STATUTORY INFORMATION

Your Needs Your Home 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.

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 represents the value for use of premises supplied during the year. Turnover is recognised in

the period to which it relates.

Investment property

Investment property is not depreciated but is revalued annually at its fair value, in accordance with

Financial Reporting Standard 102. Any aggregate surplus or deficit arising from changes in fair value is

taken to the profit and loss account and transferred to a fair value reserve.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not

reversed at the balance sheet date.

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.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2018

and 31 May 2019

1,400,843

NET BOOK VALUE

At 31 May 2019

1,400,843

At 31 May 2018

1,400,843

Fair value at 31 May 2019 is represented by:

£

Valuation in 2019

1,400,843

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

cost:

2019

2018

£

£

Cost

1,400,843

1,400,843

Aggregate depreciation

(67,462

)

(39,445

)

Investment property was valued on a fair value basis on 31 May 2019 by Mrs K J Morris-Garner .

4.

DEBTORS

2019

2018

£

£

Amounts falling due within one year:

Trade debtors

4,326

-

Amounts owed by associates

812,490

158,265

Prepayments

997

817

817,813

159,082

Amounts falling due after more than one year:

Deferred tax

20,700

11,900

Aggregate amounts

838,513

170,982

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

116,739

27,329

Director's loan account

-

841,743

Accrued expenses

5,361

5,134

122,100

874,206

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

2,224,570

754,170

7.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank loans

2,341,309

781,499

Bank loans are secured on investment property owned by the company and on investment property

owed by a related company.