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FIRST NINE MANAGEMENT LIMITED

Registered Number
08677256
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

FIRST NINE MANAGEMENT LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

JIVRAJ, Shafiq
JIVRAJ, Shakeel
JIVRAJ, Zahed

Company Secretary

JIVRAJ, Najma

Registered Address

51 Salusbury Road
London
NW6 6NJ

Registered Number

08677256 (England and Wales)
FIRST NINE MANAGEMENT LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors351,40051,400
Cash at bank and on hand21227,774
51,61279,174
Creditors amounts falling due within one year4(56,396)(75,992)
Net current assets (liabilities)(4,784)3,182
Total assets less current liabilities(4,784)3,182
Creditors amounts falling due after one year5(7,205)(13,016)
Net assets(11,989)(9,834)
Capital and reserves
Called up share capital200200
Profit and loss account(12,189)(10,034)
Shareholders' funds(11,989)(9,834)
The financial statements were approved and authorised for issue by the Board of Directors on 28 March 2025, and are signed on its behalf by:
JIVRAJ, Shafiq
Director
Registered Company No. 08677256
FIRST NINE MANAGEMENT LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year33
3.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables51,40051,400
Total51,40051,400
4.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts6,3896,389
Taxation and social security-26,596
Other creditors49,58742,587
Accrued liabilities and deferred income420420
Total56,39675,992
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts7,20513,016
Total7,20513,016
Included within other creditors falling due within one year and creditors falling due after more than one year is £13,593 (2023: £19,405) in respect of a bank loan which is guaranteed by the government under Coronavirus Business Interruption Loan Scheme.
6.Related party transactions
Included in other creditors falling due within one year is due to companies connected to the director. SNJ Fish Ltd £7,000 (2023: Nil); Included in other creditors due within 1 year is the amount due to the director Mr S Jivraj. £42,587 (2023: £42,587)