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5538 Management Limited

Annual Report and Unaudited Financial Statements
Year Ended 30 June 2024

Registration number: 12480009

 

5538 Management Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

5538 Management Limited

Balance Sheet

30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

476

1,464

Current assets

 

Cash at bank and in hand

 

5,561

5,811

Creditors: Amounts falling due within one year

5

(1,629)

(6,375)

Net current assets/(liabilities)

 

3,932

(564)

Total assets less current liabilities

 

4,408

900

Creditors: Amounts falling due after more than one year

5

(4,000)

-

Net assets

 

408

900

Capital and reserves

 

Called up share capital

7

1

1

Profit and loss account

407

899

Shareholders' funds

 

408

900

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 24 March 2025 and signed on its behalf by:
 

.........................................
Mr C Hill
Director

Company Registration Number: 12480009

 

5538 Management Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Sigma House
Oak View Close
Edginswell Business Park
Torquay
Devon
TQ2 7FF
England & Wales

These financial statements were authorised for issue by the Board on 24 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

5538 Management Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% Straight line

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

5538 Management Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2024

4

Tangible assets

Office equipment
 £

Total
£

Cost or valuation

At 1 July 2023

3,340

3,340

Disposals

(1,679)

(1,679)

At 30 June 2024

1,661

1,661

Depreciation

At 1 July 2023

1,876

1,876

Charge for the year

234

234

Eliminated on disposal

(925)

(925)

At 30 June 2024

1,185

1,185

Carrying amount

At 30 June 2024

476

476

At 30 June 2023

1,464

1,464

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

750

-

Other creditors

879

6,375

1,629

6,375

 

5538 Management Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2024

6

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

4,000

-

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £0.01 each

25

-

25

-

Ordinary A shares of £0.01 each

25

-

25

-

Ordinary B shares of £0.01 each

25

-

25

-

Ordinary C shares of £0.01 each

25

-

25

-

100

1

100

1