Registration number:
Strang Management Limited
for the Period from 1 May 2023 to 31 March 2024
Strang Management Limited
Company Information
Director |
Mr Nicholas Marshall |
Registered office |
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Accountants |
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Strang Management Limited
(Registration number: 8472914)
Abridged Balance Sheet as at 31 March 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Investments |
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Current assets |
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Debtors |
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Other financial assets |
2,208,864 |
- |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Accruals and deferred income |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Strang Management Limited
(Registration number: 8472914)
Abridged Balance Sheet as at 31 March 2024
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Strang Management Limited
Notes to the Unaudited Abridged Financial Statements for the Period from 1 May 2023 to 31 March 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Group accounts not prepared
Judgements
There are no judgements that have a significant effect on amounts recognised in the financial statements. |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Strang Management Limited
Notes to the Unaudited Abridged Financial Statements for the Period from 1 May 2023 to 31 March 2024
Finance income and costs policy
Franked investment income is recognised when it is received. Interest is measured as the amounts received during the period less any accrued interest already accounted for in prior years plus any accured interest for loans on which interest is earned but has not been received at the end of the year.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Motor vehicles |
7.5% on reducing balance |
Fixtures and fittings |
25% on reducing balance |
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in subsidiary and associated undertakings are measured at cost. Dividends on equity securities are recognised in income when receivable.
Strang Management Limited
Notes to the Unaudited Abridged Financial Statements for the Period from 1 May 2023 to 31 March 2024
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Financial instruments
Classification
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Strang Management Limited
Notes to the Unaudited Abridged Financial Statements for the Period from 1 May 2023 to 31 March 2024
Tangible assets |
Fixtures and fittings |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 May 2023 |
- |
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Additions |
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- |
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Disposals |
- |
( |
( |
At 31 March 2024 |
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- |
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Depreciation |
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At 1 May 2023 |
- |
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Charge for the period |
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Eliminated on disposal |
- |
( |
( |
At 31 March 2024 |
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- |
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Carrying amount |
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At 31 March 2024 |
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- |
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At 30 April 2023 |
- |
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Investments |
Total |
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Cost or valuation |
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At 1 May 2023 |
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Provision |
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Carrying amount |
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At 31 March 2024 |
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At 30 April 2023 |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Strang Management Limited
Notes to the Unaudited Abridged Financial Statements for the Period from 1 May 2023 to 31 March 2024
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2024 |
2023 |
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Subsidiary undertakings |
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Leigh House, 28-32 St Pauls Street, Leeds, LS1 2JT England and Wales |
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Leigh House, 28-32 St Pauls Street, Leeds, LS1 2JT England & Wales |
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Associates |
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Leigh House, 28-32 St Paul's Street, Leeds, LS1 2JT |
A Ordinary Shares |
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England & Wales |
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Marshall House, Rake Lane, Clifton, Manchester, M27 8LJ |
Ordinary Shares |
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England and Wales |
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Leigh House, 28-32 St. Pauls Street, Leeds, LS1 2JT |
A Ordinary Shares |
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England and Wales |
Subsidiary undertakings |
Strang Investments (2007) Limited The principal activity of Strang Investments (2007) Limited is |
Strang Investments (2) Limited The principal activity of Strang Investments (2) Limited is |
Associates |
Fermain Residential Property Management Limited The principal activity of Fermain Residential Property Management Limited is |
HM365 Limited The principal activity of HM365 Limited is |
Langdale Capital Limited The principal activity of Langdale Capital Limited is |
Strang Management Limited
Notes to the Unaudited Abridged Financial Statements for the Period from 1 May 2023 to 31 March 2024
Other financial assets (current and non-current) |
Financial assets at fair value through profit and loss |
Total |
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Current financial assets |
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Cost or valuation |
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Additions |
2,208,864 |
2,208,864 |
At 31 March 2024 |
2,208,864 |
2,208,864 |
Impairment |
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Carrying amount |
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At 31 March 2024 |
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2,208,864 |
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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1 |
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1 |
Related party transactions |
Summary of transactions with subsidiaries
Strang Investments (2007) Limited There were no transactions with Strang Investments (2007) Limited during the period. In the prior year ended 30 April 2023 the outstanding loan of £1,591,000 was repaid and the company received interest of £213,440. |
Strang Investments (2) Limited There were no transactions with Strang Investments (2) Limited during the period. In the prior year ended 30 April 2023 the outstanding loan of £1,086,000 was repaid and the company received interest of £111,919. |
Strang Management Limited
Notes to the Unaudited Abridged Financial Statements for the Period from 1 May 2023 to 31 March 2024
Summary of transactions with associates
Fermain Residential Management Limited A company in which Mr Marshall is a shareholder.
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HM365 Limited A company in which Mr Marshall is a shareholder.
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Parent and ultimate parent undertaking |
The ultimate controlling party is