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Fifteen Eleven Management Ltd

Registered Number
08571071
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

Fifteen Eleven Management Ltd
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

Speight, Jake

Registered Address

The Station, 77 Canal Street
Canal Road
Leeds
LS12 2LX

Registered Number

08571071 (England and Wales)
Fifteen Eleven Management Ltd
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets380,923110,031
80,923110,031
Current assets
Debtors4117,436111,998
Cash at bank and on hand162,08528,482
279,521140,480
Creditors amounts falling due within one year5(260,920)(68,351)
Net current assets (liabilities)18,60172,129
Total assets less current liabilities99,524182,160
Creditors amounts falling due after one year6(67,348)(79,219)
Net assets32,176102,941
Capital and reserves
Called up share capital200200
Profit and loss account31,976102,741
Shareholders' funds32,176102,941
The financial statements were approved and authorised for issue by the Director on 1 April 2025, and are signed on its behalf by:
Speight, Jake
Director
Registered Company No. 08571071
Fifteen Eleven Management Ltd
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.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-20
Fixtures and fittings25-
Vehicles15-
Office Equipment25-
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Land & buildings

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 July 2329,19085,58915,39114,776144,946
Additions5,200-1831,9407,323
At 30 June 2434,39085,58915,57416,716152,269
Depreciation and impairment
At 01 July 234,98012,8386,65610,44134,915
Charge for year1,71910,91322,2301,56936,431
At 30 June 246,69923,75128,88612,01071,346
Net book value
At 30 June 2427,69161,838(13,312)4,70680,923
At 30 June 2324,21072,7518,7354,335110,031
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables6,97210,320
Other debtors110,464101,678
Total117,436111,998
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables113,3971,372
Bank borrowings and overdrafts9,5589,189
Taxation and social security117,11939,336
Finance lease and HP contracts10,57210,572
Other creditors3,7823,782
Accrued liabilities and deferred income6,4924,100
Total260,92068,351
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts27,77833,333
Other creditors39,57045,886
Total67,34879,219
Loans repayable after five years by instalments £33,334 (2023 £38,889).
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts39,56945,885
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Speight, Jake100,196102,866100,196102,866
100,196102,866100,196102,866
Other debtors includes an overdrawn directors loan account of £102,866. This will be repaid within nine months of the year end.