Your Needs Your Home Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10193189 (England and Wales)

Financial Statements

for the Year Ended 31 March 2023

for

Your Needs Your Home Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs K J Morris-Garner

REGISTERED OFFICE:

1st Floor, Beacon House

Warwick Road

Beaconsfield

Buckinghamshire

HP9 2PE

REGISTERED NUMBER:

10193189 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Investment property

4

2,467,431

2,467,431

CURRENT ASSETS

Debtors

5

630,696

745,373

Cash at bank

187,230

258,403

817,926

1,003,776

CREDITORS

Amounts falling due within one year

6

3,136,143

3,448,398

NET CURRENT LIABILITIES

(2,318,217

)

(2,444,622

)

TOTAL ASSETS LESS CURRENT LIABILITIES

149,214

22,809

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

149,114

22,709

SHAREHOLDERS' FUNDS

149,214

22,809

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 and authorised for issue on 29 December 2023 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2022

and 31 March 2023

2,467,431

NET BOOK VALUE

At 31 March 2023

2,467,431

At 31 March 2022

2,467,431

Fair value at 31 March 2023 is represented by:

£

Valuation in 2023

2,467,431

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

2023

2022

£

£

Cost

2,467,431

2,467,431

Aggregate depreciation

(243,525

)

(194,176

)

Investment property was valued on a fair value basis on 31 March 2023 by the director .

5.

DEBTORS

2023

2022

£

£

Amounts falling due within one year:

Trade debtors

19,634

43,889

Amounts owed by associates

608,593

686,834

Prepayments and accrued income

2,469

5,650

630,696

736,373

Amounts falling due after more than one year:

Deferred tax

-

9,000

Aggregate amounts

630,696

745,373

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

1,512

5,281

Amounts owed to group undertakings

2,921,186

-

Amounts owed to associates

113,035

105,000

Tax

21,179

-

Director's loan account

-

3,313,181

Accruals and deferred income

79,231

24,936

3,136,143

3,448,398