My Space Homes HH Limited - Period Ending 2020-07-31

My Space Homes HH Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 5

My Space Homes HH Limited

Company Information

Director

Mr Jason Fudge

Registered office

10 Scandia-Hus Business Park Felcourt Road East Grinstead West Sussex RH19 2LP

Accountants

Merranti Accounting Limited 10 Scandia-Hus Business Park Felcourt Road East Grinstead West Sussex RH19 2LP

My Space Homes HH Limited

(Registration number: 09553127)
Balance Sheet as at 31 July 2020

	Note	2020 £	2019 £
Current assets
Debtors	4	-	293,338
Cash at bank and in hand		34	41
		34	293,379
Creditors: Amounts falling due within one year	5	(80,665)	(373,878)
Net liabilities		(80,631)	(80,499)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(80,731)	(80,599)
Shareholders' deficit		(80,631)	(80,499)

For the financial year ending 31 July 2020 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 29 April 2021
 

.........................................

Mr Jason Fudge
Director

My Space Homes HH Limited

Notes to the Financial Statements for the Year Ended 31 July 2020

1	General information

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

The address of its registered office is:
10 Scandia-Hus Business Park
Felcourt Road
East Grinstead
West Sussex
RH19 2LP

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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 company made a loss during the period and at the balance sheet date, it had net liabilities. The company is
reliant on the support by the director, who has lent the company a loan.
On the basis that the director will continue to support the reporting entity for the foreseeable future, the director
considers it appropriate to prepare the financial statements on a going concern basis.
The financial statements do not include any adjustments that would result from a withdrawal of the support of
the director.

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2019 - 0).

4

Debtors

	Note	2020 £	2019 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest	7	-	293,338
		-	293,338

My Space Homes HH Limited

Notes to the Financial Statements for the Year Ended 31 July 2020

5

Creditors

Creditors: amounts falling due within one year

	Note	2020 £	2019 £
Due within one year
Loans and overdrafts	6	43,787	332,500
Taxation and social security		36,878	41,378
		80,665	373,878

6	Loans and borrowings

	2020 £	2019 £
Current loans and borrowings
Other borrowings	43,787	332,500

My Space Homes HH Limited

Notes to the Financial Statements for the Year Ended 31 July 2020

7	Related party transactions

Summary of transactions with other related parties

Merranti Capital Limited - a company under common control and ownership
During the year the company received loan repayments of £293,338 (2019: £Nil) from Merranti Capital Limited. The loan is unsecured, repayable upon demand and bears no interest. At the balance sheet date the amount due from Merranti Capital Limited was £Nil (2019: £293,338).

Merranti Consulting Limited - a company under common control and ownership by virtue of Mr Jason Fudge
During the year the company repaid/(received) loans of £83,313 (2019: (£102,000)) to/(from) Merranti Consulting Limited. The loans are unsecured, repayable upon demand and bears no interest. At the balance sheet date the amount due to Merranti Consulting Limited was £41,687 (2019: £125,000).

Devco Build Ltd - a company under common control and ownership by virtue of Mr Jason Fudge
During the year the company repaid a loan of £207,500 (2019: £Nil) to Devco Build Ltd. The loan is unsecured, repayable upon demand and bears no interest. At the balance sheet date the amount due to Devco Build Ltd was £Nil (2019: £207,500).

Stone & Baxter (Carshalton) Ltd- a company under common control and ownership by virtue of Mr Jason Fudge
During the year the company received a loan of £2,100 (2019: £Nil) from Stone & Baxter (Carshalton) Ltd. The loan is unsecured, repayable upon demand and bears no interest. At the balance sheet date the amount due to Stone & Baxter (Carshalton) Ltd was £2,100 (2019: £Nil).