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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

INNISFREE MANAGEMENT LIMITED

INNISFREE MANAGEMENT LIMITED (REGISTERED NUMBER: 05333553)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INNISFREE MANAGEMENT LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2023







DIRECTORS: Mrs A M Forbes
Mr A E Filer
Dr A Hearne
Mr R Morley





SECRETARY: Mr R M Forbes





REGISTERED OFFICE: 5th Floor
Waverley House
115 - 119 Holdenhurst Road
Bournemouth
Dorset
BH8 8DY





REGISTERED NUMBER: 05333553 (England and Wales)






INNISFREE MANAGEMENT LIMITED (REGISTERED NUMBER: 05333553)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 4 4

CURRENT ASSETS
Cash at bank 3,314 12,622

CREDITORS
Amounts falling due within one year 5 (6,326 ) (15,664 )
NET CURRENT LIABILITIES (3,012 ) (3,042 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,008

)

(3,038

)

RESERVES
Major repair reserve (3,012 ) (3,042 )
Income and expenditure account 4 4
(3,008 ) (3,038 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 surplus or deficit 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 10 August 2023 and were signed on its behalf by:





Mrs A M Forbes - Director


INNISFREE MANAGEMENT LIMITED (REGISTERED NUMBER: 05333553)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

Innisfree Management Limited is a private company, limited by guarantee , 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.

Going concern
The accounts have been prepared on a going concern basis and the Directors do not consider that a material uncertainty about the company's going concern status currently exists. In making this assessment the Directors have considered the likely operating conditions for a period of twelve months from the date of approval of these accounts The member contributions for the 2023/24 financial year are expected both to cover the anticipated costs for the year and address the current fund deficit.

Turnover
Turnover represents members and non members contributions towards outgoings.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured as amortised cost using the effective interest rate method, less impairment

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 4
NET BOOK VALUE
At 31 March 2023 4
At 31 March 2022 4

The investment represents the freehold interest in 30A, 30B, 32A and 32B Salterns Way, Lilliput, Poole.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Contributions in advance 5,666 15,000
Accrued expenses 660 664
6,326 15,664