Registered number
03685551
HFF Management Ltd
(A company limited by guarantee, not having a share capital)
Report and Accounts
31 December 2023
HFF Management Ltd
Company Information
Directors
P Palmer-Edwards
N Stephens
G L Tagg
Secretary
Roger Harris
Accountants
N J Ruse and Associates
Eagle House, Cranleigh Close
Sanderstead
South Croydon
CR2 9LH
Registered office
12 Clyde Road
Wallington
Surrey
SM6 8PZ
Registered number
03685551
HFF Management Ltd
(A company limited by guarantee, not having a share capital)
Registered number: 03685551
Directors' Report
The directors present their report and accounts for the year ended 31 December 2023.
Principal Activity
The company's principal activity during the year continued to be that of the residential management of the properties at Home Field Farm on a non profit basis.
Directors
The following persons served as directors during the year:
P Palmer-Edwards
N Stephens
G L Tagg
Small Company Provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 1 August 2024 and signed on its behalf.
_______________________
P Palmer-Edwards
Director
HFF Management Ltd
Report to the directors on the preparation of the unaudited statutory accounts of HFF Management Ltd for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of HFF Management Ltd for the year ended 31 December 2023 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
N J Ruse and Associates
Chartered Certified Accountants
Eagle House, Cranleigh Close
Sanderstead
South Croydon
CR2 9LH
2 August 2024
HFF Management Ltd
(A company limited by guarantee, not having a share capital)
Profit and Loss Account
for the year ended 31 December 2023
2023 2022
£ £
Turnover 16,877 16,877
Administrative Expenses (16,555) (20,017)
Other Operating Income 2,865 2,191
Operating Profit/(loss) 3,187 (949)
Interest Received 213 24
Profit/(loss) Before Tax 3,400 (925)
Tax on Profit/(loss) - -
Profit/(loss) for the Financial Year 3,400 (925)
HFF Management Ltd
(A company limited by guarantee, not having a share capital)
Registered number: 03685551
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current Assets
Debtors 3 1,682 1,228
Bank and Cash 30,787 27,778
32,469 29,006
Creditors: Due Within One Year 4 (3,082) (3,019)
Net Current Assets 29,387 25,987
Net Assets 29,387 25,987
Capital and Reserves
General Reserve 5 2,500 2,500
Sinking Fund 26,887 23,487
Shareholder's Funds 29,387 25,987
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 member has 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.
____________________
P Palmer-Edwards
Director
Approved by the board on 1 August 2024
HFF Management Ltd
(A company limited by guarantee, not having a share capital)
Statement of Changes in Equity
for the year ended 31 December 2023
General Sinking Total
Reserve Fund
£ £ £
At 1 January 2022 2,500 24,412 26,912
Loss for the financial year (925) (925)
At 31 December 2022 2,500 23,487 25,987
At 1 January 2023 2,500 23,487 25,987
Profit for the financial year 3,400 3,400
At 31 December 2023 2,500 26,887 29,387
HFF Management Ltd
(A company limited by guarantee, not having a share capital)
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).
Turnover
The service charges received from the properties at Home Field Farm during the year.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Trade Debtors - 1,228
Other Debtors 1,682 -
1,682 1,228
4 Creditors: Due Within One Year 2023 2022
£ £
Other Creditors 3,082 3,019
5 General Reserve 2023 2022
£ £
At 1 January 2023 2,500 2,500
At 31 December 2023 2,500 2,500
6 Other information
HFF Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
12 Clyde Road
Wallington
Surrey
SM6 8PZ
HFF Management Ltd
Income and Expenditure Account
for the year ended 31 December 2023
2023 2022
Income £ £
Service Charges 16,877 16,877
Water Recharges 2,785 1,991
Homefield House Hedge 80 200
19,742 19,068
Expenditure
Premises Costs
Gardening - Contract 2,580 2,600
Gardening - Courtyard 980 50
Gardening - Extras 240 155
Health & Safety Costs 144 309
Communal Water - Insurance 290 1,432
Communal Water - Charges 2,342 1,661
Driveway Maintenance (182) 2,084
Sewerage - Plant - Maintenance 3,044 3,304
Sewerage Plant - Agency 890 890
Sewerage Plant - Maintenance 2,512 3,067
12,840 15,552
General Admin Costs
Public & Employers Insurance 543 523
D&O Insurance 649 579
1,192 1,102
Legal and Professional Fees
Accountancy fees 510 480
Company Secretarial 13 13
Managing Agents Fees 2,000 2,000
Risk Assessment - 690
EICR Report on Sewage - 180
2,523 3,363
Total Admin Expenditure 16,555 20,017
Add: Bank Interest 213 24
Net Surplus/(Deficit) for the Year 3,400 (925)
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