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REGISTERED NUMBER: 12296867 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

BF Management Limited

BF Management Limited (Registered number: 12296867)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BF Management Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Ms A L Francis
M N Ashworth





REGISTERED OFFICE: FFT
Reedham House
31 King Street West
Manchester
Greater Manchester
M3 2PJ





BUSINESS ADDRESS: The Exchange
2 Malt Street
Knutsford
Cheshire
WA16 6ES





REGISTERED NUMBER: 12296867 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

BF Management Limited (Registered number: 12296867)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,068 2,898

CURRENT ASSETS
Debtors 5 261,190 109,550
Cash at bank 73,193 57,410
334,383 166,960
CREDITORS
Amounts falling due within one year 6 502,665 426,897
NET CURRENT LIABILITIES (168,282 ) (259,937 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(165,214

)

(257,039

)

CREDITORS
Amounts falling due after more than one
year

7

20,877

30,833
NET LIABILITIES (186,091 ) (287,872 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (186,191 ) (287,972 )
(186,091 ) (287,872 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

BF Management Limited (Registered number: 12296867)

Balance Sheet - continued
31 December 2023


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 19 March 2025 and were signed on its behalf by:





Ms A L Francis - Director


BF Management Limited (Registered number: 12296867)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

BF 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Tangible fixed assets are initially recorded at cost less accumulated depreciation and accumulated impairment losses.

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

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.

Going concern
The company's financial statements for the period ended 31 December 2023 have been prepared on a going concern basis as, after making appropriate enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

BF Management Limited (Registered number: 12296867)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023 3,662
Additions 998
At 31 December 2023 4,660
DEPRECIATION
At 1 January 2023 764
Charge for year 828
At 31 December 2023 1,592
NET BOOK VALUE
At 31 December 2023 3,068
At 31 December 2022 2,898

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 261,190 109,550

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,648 10,000
Trade creditors 231,472 160,908
Taxation and social security 12,461 20,814
Other creditors 248,084 235,175
502,665 426,897

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,877 30,833

BF Management Limited (Registered number: 12296867)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2023 and the period ended 31 December 2022:

2023 2022
£    £   
B Francis
Balance outstanding at start of year - -
Amounts advanced 127,901 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 127,901 -

During the year interest amounting to £1,224 has been charged to director's current account in respect of this overdrawn balance.

9. RELATED PARTY DISCLOSURES

Entities over which the entity has control, joint control or significant influence:

2023 2022
£ £
Amounts due from related party 96,382 96,382
Amounts due to related party 9,907 -

There are no fixed repayment terms and no interest is chargeable/payable by the company in respect of this balance.