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Registered Number: 15297200


 

 

 

OLUFERASD1 LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 20 November 2023

End date: 30 November 2024
Directors ADEDAYO TUNJI AYEGBUSI
OMOTAYO RASIDAT AYEGBUSI
Registered Number 15297200
Registered Office 59 Hopwood Court
Middleton
Manchester
M24 6JF
Accountants VICTOR CHANCE LIMITED
( Chartered Certified Accountants)
1 Blueberry Avenue
Manchester
M40 0GE
Bankers LLOYDS BANK PLC
Victoria Branch
PO Box 1000
BX1 1LT

1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 30 November 2024.
Principal activities
Principal activity of the company during the financial period was of event catering activities.
Directors
The directors who served the company throughout the period were as follows:
ADEDAYO TUNJI AYEGBUSI
OMOTAYO RASIDAT AYEGBUSI
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
OMOTAYO RASIDAT AYEGBUSI
Director

Date approved: 12 August 2025
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In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of OLUFERASD1 LIMITED for the period ended 30 November 2024 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the member of OLUFERASD1 LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of OLUFERASD1 LIMITED and state those matters that we have agreed to state to the Board ofs of OLUFERASD1 LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than OLUFERASD1 LIMITED and its members as a body for our work or for this report.

It is your duty to ensure that OLUFERASD1 LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and Loss of OLUFERASD1 LIMITED. You consider that OLUFERASD1 LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of OLUFERASD1 LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



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

VICTOR CHANCE LIMITED

( Chartered Certified Accountants)
1 Blueberry Avenue
Manchester
M40 0GE
12 August 2025
3
 
 
Notes
 
2024
£
Turnover 2,700 
Cost of sales (7,690)
Gross profit/loss (4,990)
Administrative expenses (2,572)
Operating loss (7,562)
Profit/(Loss) on ordinary activities before taxation (7,562)
Tax on profit on ordinary activities
Profit/(Loss) for the financial period (7,562)
 
4
 
 
Notes
 
2024
£
Current assets    
Cash at bank and in hand 310 
Creditors: amount falling due within one year 3 (7,870)
Net current assets (7,560)
 
Total assets less current liabilities (7,560)
Net assets (7,560)
 

Capital and reserves
   
Called up share capital 4 2 
Profit and loss account (7,562)
Shareholders' funds (7,560)
 


For the period ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 12 August 2025 and were signed on its behalf by:


-------------------------------
OMOTAYO RASIDAT AYEGBUSI
Director
5
  Equity share capital   Revaluation reserve   Capital redemption reserve   Retained Earnings   Total
£ £ £ £ £
At 20 November 2023
Profit for the period (7,562) (7,562)
Total comprehensive income for the period (7,562) (7,562)
Shares issued 2 
Total investments by and distributions to owners 2 
At 30 November 2024 2  (7,562) (7,560)
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General Information
OLUFERASD1 LIMITED is a private company, limited by shares, registered in , registration number 15297200, registration address 59 Hopwood Court, Middleton, Manchester, M24 6JF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of trade discounts.
2.

Average number of employees

Average number of employees during the period was 0.
3.

Creditors: amount falling due within one year

2024
£
Accrued Expenses 250 
Directors' Current Accounts 7,620 
7,870 

4.

Share Capital

Allotted, called up and fully paid
2024
£
2 Class A shares of £1.00 each

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