Firle Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03493136 (England and Wales)

FIRLE MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

J M Gage

Mrs C Godman Irvine

S Delia

REGISTERED OFFICE:

The Shire House

Firle

Lewes

East Sussex

BN8 6LP

REGISTERED NUMBER:

03493136 (England and Wales)

ACCOUNTANTS:

Clark Brownscombe

Chartered Accountants

2 St Andrews Place

Lewes

East Sussex

BN7 1UP

FIXED ASSETS

Tangible assets

4

418,827

441,557

CURRENT ASSETS

Stocks

133

600

Debtors

5

541,082

1,898,154

Cash in hand

824

495

542,039

1,899,249

CREDITORS

Amounts falling due within one year

6

765,490

619,181

NET CURRENT (LIABILITIES)/ASSETS

(223,451

)

1,280,068

TOTAL ASSETS LESS CURRENT LIABILITIES

195,376

1,721,625

CREDITORS

Amounts falling due after more than one year

7

149,088

1,684,099

NET ASSETS

46,288

37,526

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

46,188

37,426

SHAREHOLDERS' FUNDS

46,288

37,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 22nd November 2021 and were signed on its behalf by:

J M Gage - Director

1.	STATUTORY INFORMATION

Firle Management 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% straight line basis and over the period of the lease

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 12 (2020 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Motor

to

and

vehicles

property

fittings

and plant

Totals

£

£

£

£

COST

At 6th April 2020

601,213

53,158

119,811

774,182

Additions

-

-

6,000

6,000

At 5th April 2021

601,213

53,158

125,811

780,182

DEPRECIATION

At 6th April 2020

201,543

47,848

83,234

332,625

Charge for year

25,538

38

3,154

28,730

At 5th April 2021

227,081

47,886

86,388

361,355

NET BOOK VALUE

At 5th April 2021

374,132

5,272

39,423

418,827

At 5th April 2020

399,670

5,310

36,577

441,557

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

538,308

1,897,111

Other debtors

2,774

1,043

541,082

1,898,154

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

122,543

440,053

Trade creditors

238,025

77,404

Social security and other taxes

178,187

20,866

Other creditors

226,735

80,858

765,490

619,181

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans - 2-5 years

50,000

-

Bank loans

-

1,585,011

Other creditors

99,088

99,088

149,088

1,684,099

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

£1

100

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Firle Management Limited for the year ended 5th April 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Firle Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Firle Management Limited and state those matters that we have agreed to state to the Board of Directors of Firle Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Firle Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Firle Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Firle Management Limited. You consider that Firle Management 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 financial statements of Firle Management 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 financial statements.

Clark Brownscombe

Chartered Accountants

2 St Andrews Place

Lewes

East Sussex

BN7 1UP

22nd November 2021