2022-07-012023-06-302023-06-30false08571071Fifteen Eleven Management 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Fifteen Eleven Management Ltd

Registered Number
08571071
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

Fifteen Eleven Management Ltd
Company Information
for the year from 1 July 2022 to 30 June 2023

Director

Speight, Jake

Registered Address

Sidings House
Sidings Court
Doncaster
DN4 5NU

Registered Number

08571071 (England and Wales)
Fifteen Eleven Management Ltd
Balance Sheet as at
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5110,03135,671
Investments6-66,850
110,031102,521
Current assets
Debtors9111,9978,068
Cash at bank and on hand28,48253,800
140,47961,868
Creditors amounts falling due within one year10(68,351)(97,747)
Net current assets (liabilities)72,128(35,879)
Total assets less current liabilities182,15966,642
Creditors amounts falling due after one year11(79,219)(38,137)
Net assets102,94028,505
Capital and reserves
Called up share capital200200
Profit and loss account102,74028,305
Shareholders' funds102,94028,505
The financial statements were approved and authorised for issue by the Director on 24 January 2024, and are signed on its behalf by:
Speight, Jake
Director
Registered Company No. 08571071
Fifteen Eleven Management Ltd
Notes to the Financial Statements
for the year ended 30 June 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-20
Fixtures and fittings25-
Vehicles15-
Office Equipment25-
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year22
5.Property, plant and equipment

Land & buildings

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 July 2229,190-9,24813,49451,932
Additions-85,5896,1431,28293,014
At 30 June 2329,19085,58915,39114,776144,946
Depreciation and impairment
At 01 July 223,520-3,7458,99616,261
Charge for year1,46012,8382,9111,44518,654
At 30 June 234,98012,8386,65610,44134,915
Net book value
At 30 June 2324,21072,7518,7354,335110,031
At 30 June 2225,670-5,5034,49835,671
6.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 July 2266,85066,850
Disposals(66,850)(66,850)
Net book value
At 30 June 23--
At 30 June 2266,85066,850

Notes

1Other investments other than loans
7.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Speight, Jake0100,1960100,196
0100,1960100,196
Other includes an overdrawn directors loan account of £100,196. This will be repaid within nine months of the year end.
8.Dividends proposed and payable

2023

2022

££
Dividends Paid108,000279,500
Total108,000279,500
9.Debtors

2023

2022

££
Trade debtors / trade receivables11,3088,014
Other debtors100,68954
Total111,9978,068
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables1,37222,589
Bank borrowings and overdrafts5,5565,872
Taxation and social security39,33658,181
Finance lease and HP contracts10,572-
Other creditors7,4169,446
Accrued liabilities and deferred income4,0991,659
Total68,35197,747
11.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts33,33338,137
Other creditors45,886-
Total79,21938,137
Loans repayable after five years by instalments £38,889 (2022 £44,009).
12.Finance lease and HP contracts after one year

2023

2022

££
Finance lease and HP contracts45,885-