BACKUP PROPERTIES LIMITED

Company Registration Number:
13958374 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 05 March 2022

End date: 31 March 2023

BACKUP PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

BACKUP PROPERTIES LIMITED

Company Information

for the Period Ended 31 March 2023




Director: Temitayo Owolabi
Registered office: Flat 39 Oakfield Court
Haslemere Road
London
England
N8 9QY
Company Registration Number: 13958374 (England and Wales)

BACKUP PROPERTIES LIMITED

Directors' Report Period Ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Directors

The director(s) shown below were appointed to the company during the period
Temitayo Owolabi
05 March 2022

This report was approved by the board of directors on 4 November 2023
And Signed On Behalf Of The Board By:

Name: Temitayo Owolabi
Status: Director

BACKUP PROPERTIES LIMITED

Profit and Loss Account

for the Period Ended 31 March 2023


Notes
13 months to
31 Mar 2023
£
Gross Profit or (Loss) 4,699
Administrative Expenses ( 13,924 )
Operating Profit or (Loss) ( 9,225 )
Profit or (Loss) Before Tax ( 9,225 )
Profit or (Loss) for Period ( 9,225 )

The notes form part of these financial statements

BACKUP PROPERTIES LIMITED

Balance sheet

As at 31 March 2023


Notes
13 months to
31 Mar 2023
£
Fixed assets
Tangible assets: 4 2,858
Total fixed assets: 2,858
Current assets
Cash at bank and in hand: 3,495
Total current assets: 3,495
Prepayments and accrued income: 3,300
Creditors: amounts falling due within one year: ( 1,990 )
Net current assets (liabilities): 4,805
Total assets less current liabilities: 7,663
Creditors: amounts falling due after more than one year: ( 15,000 )
Provision for liabilities: ( 888 )
Total net assets (liabilities): ( 8,225 )

The notes form part of these financial statements

BACKUP PROPERTIES LIMITED

Balance sheet continued

As at 31 March 2023


Notes
13 months to
31 Mar 2023
£
Capital and reserves
Called up share capital: 1,000
Profit and loss account: ( 9,225 )
Shareholders funds: ( 8,225 )

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 4 November 2023
And Signed On Behalf Of The Board By:

Name: Temitayo Owolabi
Status: Director

The notes form part of these financial statements

BACKUP PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
    Fixtures & fittings and Office Equipment including Computers - 3 Yrs (33.333%) Straight Line

BACKUP PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    13 months to
    31 Mar 2023
    Average number of employees during the period 1

    The Director is the employee

BACKUP PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

BACKUP PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible Assets

Total
Cost £
Additions 800
Disposals -
Revaluations -
Transfers 3,487
At 31 March 2023 4,287
Depreciation
Charge for year 1,429
On disposals -
Other adjustments -
At 31 March 2023 1,429
Net book value
At 31 March 2023 2,858