Lookback Limited - Accounts to registrar (filleted) - small 23.1.2

Lookback Limited - Accounts to registrar (filleted) - small 23.1.2

LOOKBACK LIMITED - Company Information

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REGISTERED NUMBER: 12121908 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2022

FOR

LOOKBACK LIMITED
LOOKBACK LIMITED (REGISTERED NUMBER: 12121908)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31ST JULY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LOOKBACK LIMITED

COMPANY INFORMATION
for the Year Ended 31ST JULY 2022







DIRECTOR: M D E Bayntun





REGISTERED OFFICE: 146-148 Newington Butts
S L S
London
SE11 4RN





REGISTERED NUMBER: 12121908 (England and Wales)





ACCOUNTANTS: Underwood Barron LLP
Monks Brook House
13 - 17 Hursley Road
Chandlers Ford
Eastleigh
Hampshire
SO53 2FW
Page 1
LOOKBACK LIMITED (REGISTERED NUMBER: 12121908)

BALANCE SHEET
31ST JULY 2022

31.7.22 31.7.21
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,535,000 2,540,000

CURRENT ASSETS
Debtors 5 312,817 276,769
Cash at bank 11,409 5,768
324,226 282,537
CREDITORS
Amounts falling due within one year 6 88,076 121,760
NET CURRENT ASSETS 236,150 160,777
TOTAL ASSETS LESS CURRENT LIABILITIES 2,771,150 2,700,777

CREDITORS
Amounts falling due after more than one year 7 2,321,593 2,387,230
NET ASSETS 449,557 313,547

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 213,621 218,621
Retained earnings 235,836 94,826
449,557 313,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th April 2023 and were signed by:





M D E Bayntun - Director


The notes form part of these financial statements

Page 2
LOOKBACK LIMITED (REGISTERED NUMBER: 12121908)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31ST JULY 2022

1. STATUTORY INFORMATION

Lookback 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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 (2021 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2021 2,540,000
Revaluations (5,000 )
At 31st July 2022 2,535,000
NET BOOK VALUE
At 31st July 2022 2,535,000
At 31st July 2021 2,540,000

Fair value at 31st July 2022 is represented by:
£   
Valuation in 2021 269,902
Valuation in 2022 (5,000 )
Cost 2,270,098
2,535,000

Page 3 continued...
LOOKBACK LIMITED (REGISTERED NUMBER: 12121908)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST JULY 2022

4. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

31.7.22 31.7.21
£    £   
Cost 2,270,098 2,270,098
Aggregate depreciation (136,206 ) (90,804 )

The investment properties were valued on an open market basis basis on 31st July 2022 by the director of the company .

5. DEBTORS
31.7.22 31.7.21
£    £   
Amounts falling due within one year:
Trade debtors 6,779 -
Amounts owed by associates 2,445 1,000
Other debtors 93 3,269
9,317 4,269

Amounts falling due after more than one year:
Amounts owed by associates 303,500 272,500

Aggregate amounts 312,817 276,769

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Bank loans and overdrafts 36,101 35,723
Trade creditors 2,150 1,482
Amounts owed to associates 1,526 4,279
Taxation and social security 3,288 2,967
Other creditors 45,011 77,309
88,076 121,760

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.22 31.7.21
£    £   
Bank loans 1,053,504 1,089,405
Other creditors 60,558 27,794
1,114,062 1,117,199

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 909,099 757,559
Other loans more 5yrs instal 13,786 12,971
922,885 770,530

Page 4 continued...
LOOKBACK LIMITED (REGISTERED NUMBER: 12121908)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST JULY 2022

8. RESERVES
Fair
value
reserve
£   
At 1st August 2021 218,621
Transfer between reserves (5,000 )

At 31st July 2022 213,621

9. OTHER FINANCIAL COMMITMENTS

A charge was registered in favour of Cynergy Bank on 25 February 2021. This comprises fixed and floating charges over all the company's property and assets.

Page 5