Board Properties Limited 10613781 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is development of building projects. Digita Accounts Production Advanced 6.30.9574.0 true true 10613781 2023-03-01 2024-02-29 10613781 2024-02-29 10613781 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 10613781 bus:SmallEntities 2023-03-01 2024-02-29 10613781 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 10613781 bus:FilletedAccounts 2023-03-01 2024-02-29 10613781 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 10613781 bus:RegisteredOffice 2023-03-01 2024-02-29 10613781 bus:Director1 2023-03-01 2024-02-29 10613781 bus:Director2 2023-03-01 2024-02-29 10613781 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10613781 core:OtherRelatedParties 2023-03-01 2024-02-29 10613781 countries:England 2023-03-01 2024-02-29 10613781 2022-03-01 2023-02-28 10613781 2023-02-28 10613781 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 10613781

Board Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Board Properties Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Board Properties Limited

Company Information

Directors

Olivia Board

James Peter Board

Registered office

351-353 Bexley Road
Erith
Kent
DA8 3EZ

Accountants

Field Sullivan Limited
9 Hare & Billet Road
Blackheath
SE3 0RB

 

Board Properties Limited

(Registration number: 10613781)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

5

5

Creditors: Amounts falling due within one year

4

(2,252)

(1,946)

Net liabilities

 

(2,247)

(1,941)

Capital and reserves

 

Called up share capital

5

2

2

Retained earnings

(2,249)

(1,943)

Shareholders' deficit

 

(2,247)

(1,941)

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 November 2024 and signed on its behalf by:
 

.........................................
Olivia Board
Director

 

Board Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

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

The address of its registered office is:
351-353 Bexley Road
Erith
Kent
DA8 3EZ

These financial statements were authorised for issue by the Board on 14 November 2024.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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's financial statements have been prepared on a going concern basis, which assumes that the company will be able to meet its debts as they fall due. However, at the end of the financial year the company has net liabilities of £2,247 (2023: £1,941). Both the director and shareholder believe it is appropriate to prepare the financial statements on a going concern basis, as they agreed to continue to support the company for the foreseeable future.

Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the periods in which the estimate is revised where revisions affects only that period, or in the period of the revision and future periods where the revisions affects both current and future periods.

 

Board Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 directors) during the year, was 2 (2023 - 2).

 

Board Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

2,060

570

Other creditors

192

1,376

2,252

1,946

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

6

Related party transactions

Summary of transactions with other related parties

J Board
Director

 During the year the director paid £nil (2023: £nil) into the company. At the balance sheet date the amount due to J Board was £192 (2023: £192).

 R & S (UK) Ltd
During the year R & S (UK) Ltd paid for £nil (2023: £nil) expenses on behalf of Board Properties Ltd. At the balance sheet date the amount due to R & S (UK) Ltd was £686 (2023: £686).