Registered number
12363181
NE Management Ltd
Filleted Accounts
31 December 2023
NE Management Ltd
Registered number: 12363181
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 291,831 291,831
Current assets
Cash at bank and in hand 19,642 7,074
Creditors: amounts falling due within one year 4 (35,481) (31,500)
Net current liabilities (15,839) (24,426)
Total assets less current liabilities 275,992 267,405
Creditors: amounts falling due after more than one year 5 (275,826) (275,826)
Net assets/(liabilities) 166 (8,421)
Capital and reserves
Called up share capital 1 1
Profit and loss account 165 (8,422)
Shareholders' funds 166 (8,421)
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.
Mr M. Ostreicher
Director
Approved by the board on 20 September 2024
NE Management Ltd
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
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2023 291,831
At 31 December 2023 291,831
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 291,831
At 31 December 2022 291,831
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 39 -
Other creditors 35,442 31,500
35,481 31,500
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 275,826 275,826
6 Other information
NE Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
158 Cromwell Road
Salford
M6 6DE
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