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REGISTERED NUMBER: 12451081 (England and Wales)














Unaudited Financial Statements

for the Year Ended 28 February 2023

for

234 Management Limited

234 Management Limited (Registered number: 12451081)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


234 Management Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: A J Francis
Miss M Berry





REGISTERED OFFICE: FFT
Reedham House
31 King Street West
Manchester
Greater Manchester
M3 2PJ





BUSINESS ADDRESS: The Exchange
2 Malt Street
Knutsford
Cheshire
WA16 6ES





REGISTERED NUMBER: 12451081 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

234 Management Limited (Registered number: 12451081)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 187,000 187,000

CURRENT ASSETS
Debtors 5 381 145
Cash at bank 5,165 11,297
5,546 11,442
CREDITORS
Amounts falling due within one year 6 319,478 325,618
NET CURRENT LIABILITIES (313,932 ) (314,176 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(126,932

)

(127,176

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (127,032 ) (127,276 )
(126,932 ) (127,176 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

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 14 August 2024 and were signed on its behalf by:





A J Francis - Director


234 Management Limited (Registered number: 12451081)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

234 Management 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 as modified by the revaluation of certain assets.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Going concern
The company's financial statements for the year ended 28 February 2023 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

234 Management Limited (Registered number: 12451081)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 187,000
NET BOOK VALUE
At 28 February 2023 187,000
At 28 February 2022 187,000

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2022 (116,829 )
Cost 303,829
187,000

The investment properties has been valued by the directors as at the year end.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 381 145

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 319,478 325,618

7. RELATED PARTY DISCLOSURES

Entities over which the entity has control, joint control or significant influence:
2023 2022
£ £
Amounts due to related party 304,200 304,200

There are no fixed repayment terms and no interest is chargeable to the company in respect of these balances.

Included within other creditors is the directors' current account balances of £12,997 (2022 - £18,398). There are no fixed repayment terms and no interest is chargeable to the company in respect of these balances.