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REGISTERED NUMBER: 05900447 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

FIG MANAGEMENT SERVICES LIMITED

FIG MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 05900447)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


FIG MANAGEMENT SERVICES LIMITED

Company Information
for the year ended 31 August 2024







DIRECTORS: M J Wilsher
W A Wilsher





SECRETARY: W A Wilsher





REGISTERED OFFICE: 2 Estate Cottages
Lullington Lane
Lullington
Frome
BA11 2PW





REGISTERED NUMBER: 05900447 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
FIG Management Services Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of FIG Management Services Limited for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of FIG Management Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of FIG Management Services Limited and state those matters that we have agreed to state to the Board of Directors of FIG Management Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FIG Management Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that FIG Management Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of FIG Management Services Limited. You consider that FIG Management Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of FIG Management Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


17 January 2025

FIG MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 05900447)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,278 4,791
Investments 5 25,856 25,856
28,134 30,647

CURRENT ASSETS
Debtors 6 7,319 13,530
Cash at bank and in hand 18,446 28,615
25,765 42,145
CREDITORS
Amounts falling due within one year 7 26,353 31,368
NET CURRENT (LIABILITIES)/ASSETS (588 ) 10,777
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,546

41,424

CREDITORS
Amounts falling due after more than one
year

8

(14,969

)

(23,595

)

PROVISIONS FOR LIABILITIES 9 (433 ) (910 )
NET ASSETS 12,144 16,919

CAPITAL AND RESERVES
Called up share capital 10 101 101
Retained earnings 12,043 16,818
SHAREHOLDERS' FUNDS 12,144 16,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

FIG MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 05900447)

Balance Sheet - continued
31 August 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2025 and were signed on its behalf by:





W A Wilsher - Director


FIG MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 05900447)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

FIG Management Services 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.

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

Turnover is recognised when service is rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Website - 20% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

FIG MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 05900447)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
Website equipment Totals
£    £    £   
COST
At 1 September 2023 21,153 3,277 24,430
Additions - 2,540 2,540
At 31 August 2024 21,153 5,817 26,970
DEPRECIATION
At 1 September 2023 16,922 2,717 19,639
Charge for year 4,231 822 5,053
At 31 August 2024 21,153 3,539 24,692
NET BOOK VALUE
At 31 August 2024 - 2,278 2,278
At 31 August 2023 4,231 560 4,791

FIG MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 05900447)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 September 2023
and 31 August 2024 25,856
NET BOOK VALUE
At 31 August 2024 25,856
At 31 August 2023 25,856

As at 31 August 2024, FIG Management Limited holds an investment in Big Screen Productions 18 LLP of £25,856 operated by Ingenious Capital Management Ltd.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,256 12,733
Other debtors 63 797
7,319 13,530

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 11,036 13,582
Other creditors 15,317 17,786
26,353 31,368

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 14,969 23,595

Included in other creditors is £7,530 that is secured by a deed of security assignment held by Ingenious Resources Ltd.


The bank loan relates to a government backed Bounce Back Loan

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 433 910

FIG MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 05900447)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2023 910
Accelerated capital allowances (477 )
Balance at 31 August 2024 433

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
56 A Ordinary £1 56 56
21 B Ordinary £1 21 21
24 C Ordinary £1 24 24
101 101

All classes of shares carry identical rights apart from the ability to declare different dividends on each class of share.