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REGISTERED NUMBER: 01282193 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

First Broom Barns Management Company
Limited

First Broom Barns Management Company
Limited (Registered number: 01282193)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 4

Notes to the Financial Statements 6


First Broom Barns Management Company
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: G N Savage
C Blake
J Grantham
L Jackson





SECRETARY: C Blake





REGISTERED OFFICE: 213 Fairview Road
Stevenage
Hertfordshire
SG1 2NA





REGISTERED NUMBER: 01282193 (England and Wales)





ACCOUNTANTS: Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
First Broom Barns Management Company
Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of First Broom Barns Management Company Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of First Broom Barns Management Company Limited, as a body, in accordance with the terms of our engagement letter dated 6 June 2017. Our work has been undertaken solely to prepare for your approval the financial statements of First Broom Barns Management Company Limited and state those matters that we have agreed to state to the Board of Directors of First Broom Barns Management Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than First Broom Barns Management Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that First Broom Barns Management Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of First Broom Barns Management Company Limited. You consider that First Broom Barns Management Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of First Broom Barns Management Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

In our opinion the service charge statement presents a fair summary complying with the requirements of section 21(5) of the Landlord and Tenants Act 1985 and is sufficiently supported by accounts, receipts and other documents, which have been produced to us.






Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
First Broom Barns Management Company
Limited

Hertfordshire
EN8 7AP


20 June 2024

First Broom Barns Management Company
Limited (Registered number: 01282193)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 3,116 1,819
Cash at bank 21,356 17,253
24,472 19,072
CREDITORS
Amounts falling due within one year 5 1,403 1,723
NET CURRENT ASSETS 23,069 17,349
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,069

17,349

PROVISIONS FOR LIABILITIES 6 14,000 8,500
NET ASSETS 9,069 8,849

CAPITAL AND RESERVES
Called up share capital 7 433 433
Retained earnings 8,636 8,416
SHAREHOLDERS' FUNDS 9,069 8,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

First Broom Barns Management Company
Limited (Registered number: 01282193)

Statement of Financial Position - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 June 2024 and were signed on its behalf by:





G N Savage - Director


First Broom Barns Management Company
Limited (Registered number: 01282193)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

First Broom Barns 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 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.

Turnover
Fees receivable is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,116 1,819

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,403 1,723

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Other provisions 14,000 8,500

Sinking
fund
£   
Balance at 1 April 2023 8,500
Provided during year 5,500
Balance at 31 March 2024 14,000

First Broom Barns Management Company
Limited (Registered number: 01282193)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
433 Ordinary £1 433 433

8. RELATED PARTY DISCLOSURES

Christine Blake, a director of this company, is also a director and principle shareholder of Mentor Services Limited. A management charge of £5,832 (2023: £5,832) calculated at 20% of this company's gross income is payable to Mentor Services Limited.

9. BALANCE OF SERVICE CHARGES SUMMARY

The service charges in arrears as at 31 March 2024 amounted to £3,023 (2023: £1,763).

The service charges received in advance as at 31 March 2024 amounted to £425 (2023: £425).