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Registered Number: 04516109
England and Wales

 

 

 


Unaudited Financial Statements


for the year ended 31 August 2024

for

OFFSPRING MANAGEMENT LIMITED

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 787,118    787,705 
787,118    787,705 
Current assets      
Debtors 4 9,415    11,684 
Cash at bank and in hand 211,109    197,283 
220,524    208,967 
Creditors: amount falling due within one year 5 (120,218)   (140,947)
Net current assets 100,306    68,020 
 
Total assets less current liabilities 887,424    855,725 
Provisions for liabilities 6 (606)   (753)
Net assets 886,818    854,972 
 

Capital and reserves
     
Called up share capital 2,000    100 
Profit and loss account 884,818    854,872 
Shareholders' funds 886,818    854,972 
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 20 May 2025 and were signed by:


-------------------------------
Kevin Shilcock
Director
1
General Information
Offspring Management Limited is a private company, limited by shares, registered in England and Wales, registration number 04516109, registration address Oberon House, Ferries Street, HULL, East Yorkshire, HU9 1RL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 15% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 3 (2023 : 3).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Investment properties   Total
  £   £   £   £
At 01 September 2023 4,425    8,095    784,694    797,214 
Additions      
Disposals      
At 31 August 2024 4,425    8,095    784,694    797,214 
Depreciation
At 01 September 2023 2,775    6,734      9,509 
Charge for year 247    340      587 
On disposals      
At 31 August 2024 3,022    7,074      10,096 
Net book values
Closing balance as at 31 August 2024 1,403    1,021    784,694    787,118 
Opening balance as at 01 September 2023 1,650    1,361    784,694    787,705 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 1,373    1,373 
Prepayments & Accrued Income 8,042    10,311 
9,415    11,684 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 10,205    9,254 
Corporation Tax 7,128    8,726 
PAYE & Social Security 183    211 
Accrued Expenses 1,442    1,961 
Other Creditors 17    31 
Directors' Current Accounts 99,440    118,668 
VAT 1,803    2,096 
120,218    140,947 

6.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 753    714 
Charged to Profit & Loss (147)   39 
606    753 

2