31 Management Limited
Data not obtained from trial balance AutoHide is on
Enter data in the white spaces Enter numbers as + unless indicated Current year Comparative
Units (eg £ or £000) £ include a trailing space
Company registration number 14490162
Date
Approval date of the accounts by the board 13/08/2024
Date
Date of signing on the audit/accountants report 13/08/2024
Date of engagement letter (required for Date
CA and ACCA reports)
Person signing directors' report:
Name of director Rhea Fennell-Rutherford
Or, name of secretary
Name of director signing balance sheet Rhea Fennell-Rutherford
Address of registered office:
Address line 1 Unit 14 Century Building
Address line 2 Tower Street
City or town Liverpool
County or region
Postcode L3 4BJ
Name of senior statutory auditor
Name of auditors/accountants Stuart McBain Ltd
Type of firm (eg Chartered Accountants) Accountants
Address of auditors/accountants
Address line 1 Unit 14
Address line 2 Century Building
City or town Liverpool
County or region Merseyside
Postcode L3 4BJ
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company 1 1
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost
cumulative depreciation based on cost
Historical cost of fixed asset investments £ £
Investments in subsidiaries
Other investments
£ £
Amounts due after more than one year included in debtors
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by installment
Payable by installment
£ £
Secured bank loans included in creditors
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
Registered number
14490162
31 Management Limited
Report and Accounts
31 March 2024
31 Management Limited
Registered number: 14490162
Directors' Report
The directors present their report and accounts for the period ended 31 March 2024.
Principal activities
The company's principal activity during the year continued to be Property Management
Directors
The following persons served as directors during the period:
Miss Rhea Fennell-Rutherford
Mr James McDonnell
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 13 August 2024 and signed on its behalf.
Rhea Fennell-Rutherford
Director
31 Management Limited
Profit and Loss Account
for the period from 31 January 2023 to 31 March 2024
2024
£
Turnover 51,558
Cost of sales (11,200)
Gross profit 40,358
Administrative expenses (26,618)
Operating profit 13,740
Profit on ordinary activities before taxation 13,740
Tax on profit on ordinary activities (2,611)
Profit for the period 11,129
31 Management Limited
Registered number: 14490162
Balance Sheet
as at 31 March 2024
Notes 2024
£
Current assets
Debtors 2 19,002
Cash at bank and in hand 2,740
21,742
Creditors: amounts falling due within one year 4 (10,611)
Net current assets 11,131
Net assets 11,131
Capital and reserves
Called up share capital 2
Profit and loss account 11,129
Shareholders' funds 11,131
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.
Rhea Fennell-Rutherford
Director
Approved by the board on 13 August 2024
31 Management Limited
Statement of Changes in Equity
for the period from 31 January 2023 to 31 March 2024
Share Profit Total
capital and loss
account
£ £ £
At 31 January 2023 - - -
Profit for the period 11,129 11,129
Shares issued 2 2
At 31 March 2024 2 11,129 11,131
31 Management Limited
Notes to the Accounts
for the period from 31 January 2023 to 31 March 2024
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
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
2 Debtors 2024
£
Other debtors 19,002
3 Employees 2024
Average number of persons employed by the company 1
4 Creditors: amounts falling due within one year 2024
£
Corporation tax 2,611
Other creditors 8,000
10,611
5 Other information
31 Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 14 Century Building
Tower Street
Liverpool
L3 4BJ
31 Management Limited 14490162 false 2023-01-31 2024-03-31 2024-03-31 VT Final Accounts April 2024 Rhea Fennell-Rutherford 14490162 2023-01-31 2024-03-31 14490162 bus:PrivateLimitedCompanyLtd 2023-01-31 2024-03-31 14490162 bus:AuditExempt-NoAccountantsReport 2023-01-31 2024-03-31 14490162 bus:Director3 2023-01-31 2024-03-31 14490162 bus:Director2 2023-01-31 2024-03-31 14490162 bus:Director40 2023-01-31 2024-03-31 14490162 core:RetainedEarningsAccumulatedLosses 2023-01-31 2024-03-31 14490162 core:ShareCapital 2023-01-31 2024-03-31 14490162 1 2023-01-31 2024-03-31 14490162 2 2023-01-31 2024-03-31 14490162 countries:England 2023-01-31 2024-03-31 14490162 bus:FullIFRS 2023-01-31 2024-03-31 14490162 bus:FullAccounts 2023-01-31 2024-03-31 14490162 2024-03-31 14490162 core:WithinOneYear 2024-03-31 14490162 core:ShareCapital 2024-03-31 14490162 core:RetainedEarningsAccumulatedLosses 2024-03-31 14490162 2023-01-30 14490162 core:ShareCapital 2023-01-30 14490162 core:RetainedEarningsAccumulatedLosses 2023-01-30 iso4217:GBP xbrli:pure