Registered number
01969254
Fairlea Grange Management Limited
Unaudited Filleted Accounts
31 December 2023
Fairlea Grange Management Limited
Registered number: 01969254
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 4 614 614
Cash at bank and in hand 19,786 30,732
20,400 31,346
Creditors: amounts falling due within one year 5 (13,885) (7,085)
Net current assets 6,515 24,261
Net assets 6,515 24,261
Capital and reserves
Called up share capital 25 25
Profit and loss account 6,490 24,236
Shareholders' funds 6,515 24,261
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J E Excell
Director
Approved by the board on 19 February 2024
Fairlea Grange Management Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 3,393
At 31 December 2023 3,393
Depreciation
At 1 January 2023 3,393
At 31 December 2023 3,393
Net book value
At 31 December 2023 -
4 Debtors 2023 2022
£ £
Other debtors 614 614
5 Creditors: amounts falling due within one year 2023 2022
£ £
Prepaid Rent and Maintenance 13,525 6,725
Other creditors 360 360
13,885 7,085
6 Other information
Fairlea Grange Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
18 Fairlea Grange
Denbigh Gardens
Bassett
Southampton
SO16 7EJ
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