First Ancells Farm (Fleet) Management Company Limited 03407262 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is 98000 - Residents property management Digita Accounts Production Advanced 6.30.9574.0 true 03407262 2024-01-01 2024-12-31 03407262 2024-12-31 03407262 core:CurrentFinancialInstruments 2024-12-31 03407262 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 03407262 bus:SmallEntities 2024-01-01 2024-12-31 03407262 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 03407262 bus:FilletedAccounts 2024-01-01 2024-12-31 03407262 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03407262 bus:RegisteredOffice 2024-01-01 2024-12-31 03407262 bus:Director3 2024-01-01 2024-12-31 03407262 bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 03407262 countries:EnglandWales 2024-01-01 2024-12-31 03407262 2023-01-01 2023-12-31 03407262 2023-12-31 03407262 core:CurrentFinancialInstruments 2023-12-31 03407262 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 03407262

First Ancells Farm (Fleet) Management Company Limited
 

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 December 2024

 

First Ancells Farm (Fleet) Management Company Limited

(Registration number: 03407262)
Statement of Financial Position as at 31 December 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

-

2,242

Cash at bank and in hand

 

-

14,712

 

-

16,954

Creditors: Amounts falling due within one year

6

-

(2,743)

Net assets

 

-

14,211

Reserves

 

Redecoration reserve

-

29,350

Income and expenditure account

-

(15,139)

Surplus

 

-

14,211

For the financial year ending 31 December 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 in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 3 June 2025 and signed on its behalf by:
 

.........................................
Mr P D Gardner
Director

 

First Ancells Farm (Fleet) Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is: 26 Worsley Road, Frimley, Camberley, Surrey, GU16 9AU. England.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Changes in accounting policy

The following have been applied for the first time from 1 January 2024 and have had an effect on the financial statements:

The company acts as trustee of a statutory trust in respect of service charge monies collected for the maintenance of the properties 1 - 21 (excl 13) Ellen Drive, Fleet

The company has changed its accounting policy to exclude these funds from the company's accounts as separate service charge accounts are prepared and certified.

Revenue recognition

Turnover represents the amount derived from maintenance and other contributions received.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

 

First Ancells Farm (Fleet) Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Tangible assets

The company is the beneficial owner of the freehold land relating to 1 - 21 Ellen Drive, Fleet, Hampshire

5

Debtors

2024
£

2023
£

Trade debtors

-

781

Prepayments

-

1,461

-

2,242

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Accruals and deferred income

-

1,891

Other creditors

-

852

-

2,743