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FM Property Management Limited
Registered Number:05215470
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
FM Property Management Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
05215470
As at 31 March 2024
FM Property Management Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
2
527,745
496,245
Investment property
527,745
496,245
Current assets
Trade and other receivables
135,320
105,497
3
3,749
Cash and cash equivalents
38,222
143,719
139,069
Trade and other payables: amounts falling due within one year
(18,857)
(26,700)
4
120,212
117,019
Net current assets
Total assets less current liabilities
644,764
616,457
Trade and other payables: amounts falling due after more than one year
(10,021)
-
5
(7,875)
-
Provisions for liabilities
636,889
Net assets
606,436
Capital and reserves
Called up share capital
2
2
Revaluation reserve
23,625
-
6
Retained earnings
613,262
606,434
636,889
606,436
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
M G Merali Director
These financial statements were approved and authorised for issue by the Board on 13 November 2024 and were signed by:
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4
Registered Number :
05215470
For the year ended 31 March 2024
FM Property Management Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 March 2024
FM Property Management Limited
Notes to the Financial Statements
Statutory Information
FM Property Management Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
05215470.
Registered address:
209-211 Whitham Road
Sheffield
S10 2SP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2. Investment property
Total
£
Fair value
At 01 April 2023
496,245
Fair value adjustments
31,500
At 31 March 2024
527,745
Net book value
At 31 March 2024
527,745
At 31 March 2023
496,245
The historical cost of these assets is £496,245 (2023: £496,245).
3. Trade and other receivables
2023
2024
£
£
Trade debtors
5,497
35,320
Other debtors
100,000
100,000
135,320
105,497
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6
For the year ended 31 March 2024
FM Property Management Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Amounts owed to group undertaking and undertaking in which the company has a
participating interest
24,631
14,631
Taxation and social security
1,733
3,908
Other creditors
336
318
26,700
18,857
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
-
10,021
6. Reserves
Total
£
Revaluation reserve at 01 April 2023
-
Revaluation of fixed assets
31,500
Transfers to/from other reserves
(7,875)
23,625
Revaluation reserve at 31 March 2024
7. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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