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REGISTERED NUMBER: 09025807 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

F&L MANAGEMENT LIMITED

F&L MANAGEMENT LIMITED (REGISTERED NUMBER: 09025807)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


F&L MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: P L Laney
D Favoino





REGISTERED OFFICE: Fiddlers Green
Bell Lane
Cocking
Midhurst
West Sussex
GU29 0HU





REGISTERED NUMBER: 09025807 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Grange House
Grange Road
Midhurst
West Sussex
GU29 9LS

F&L MANAGEMENT LIMITED (REGISTERED NUMBER: 09025807)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 10 77,333

CURRENT ASSETS
Cash at bank 660 1,260

CREDITORS
Amounts falling due within one year 5 16,350 100,355
NET CURRENT LIABILITIES (15,690 ) (99,095 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,680

)

(21,762

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (15,780 ) (21,862 )
(15,680 ) (21,762 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 13 November 2024 and were signed on its behalf by:





P L Laney - Director


F&L MANAGEMENT LIMITED (REGISTERED NUMBER: 09025807)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

F&L 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.

The presentational currency of the financial statements is in Pound Sterling (£) which is rounded to the nearest pound (£).

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.

The company did not trade during the current or previous year.

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in FRS 102 section 1A. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

Going concern
At the balance sheet date, the company's liabilities exceeded its assets. The day-to-day operation of the company is dependent upon support form its directors. On the assumption that such support will continue to be forthcoming, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Fixed asset investments
Interest in subsidiaries, associates and jointly controlled entities are install measures at cost and subsequently measures at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversal of impairment losses are recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2023 77,333
Impairments (77,323 )
At 29 February 2024 10
NET BOOK VALUE
At 29 February 2024 10
At 28 February 2023 77,333

F&L MANAGEMENT LIMITED (REGISTERED NUMBER: 09025807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 16,350 100,355