Firefield Management Company Limited - Limited company accounts 16.3

REGISTERED NUMBER: 02275571 (England and Wales)

FIREFIELD MANAGEMENT COMPANY LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

to

6

DIRECTORS:

Mr J J Brown

Miss L Huxstep

Mr W H Orpin

SECRETARY:

Miss L Huxstep

REGISTERED OFFICE:

Firefield

Brightling Road

Robertsbridge

East Sussex

TN32 5DP

REGISTERED NUMBER:

02275571 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

Landgate Chambers

24 Landgate

Rye

East Sussex

TN31 7LJ

The directors present their report with the financial statements of the company for the year ended 31 December 2016.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2016 to the

date of this report.

Mr J J Brown

Miss L Huxstep

Mr W H Orpin

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006

relating to small companies.

ON BEHALF OF THE BOARD:

Miss L Huxstep - Director

29 September 2017

TURNOVER

1,158

-

Administrative expenses

1,158

-

OPERATING PROFIT and

PROFIT BEFORE TAXATION

-

Tax on profit

-

PROFIT FOR THE FINANCIAL YEAR

-

FIXED ASSETS

Tangible assets

3

4,000

CURRENT ASSETS

Debtors

4

844

407

Cash at bank

365

563

1,209

970

CREDITORS

Amounts falling due within one year

5

1,109

870

NET CURRENT ASSETS

100

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,100

CAPITAL AND RESERVES

Called up share capital

100

Other reserves

4,000

4,100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 September 2017 and were
signed on its behalf by:

Mr J J Brown - Director

Miss L Huxstep - Director

1.	STATUTORY INFORMATION

Firefield Management Company 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

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.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2016

and 31 December 2016

4,000

NET BOOK VALUE

At 31 December 2016

4,000

At 31 December 2015

4,000

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Other debtors

844

407

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Trade creditors

629

870

Other creditors

480

-

1,109

870

6.	FIRST YEAR ADOPTION

At the date of transition, and subsequently, no items have been identified as needing adjustment

in the transition from FRSSE 2015 to FRS 102 1A. Therefore, no reconciliations of equity or profit

are included in the financial statements.