Company registration number 10778528 (England and Wales)
FAB MANAGEMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
FAB MANAGEMENT LIMITED
COMPANY INFORMATION
Directors
J Farber
T Farber
Company number
10778528
Registered office
Captiva House
9 Heythrop Close
Whitefield
Manchester
M45 7YB
Accountants
M J Goldman (Chartered Accountants)
Hollinwood Business Centre
Albert Street
Oldham
Lancashire
OL8 3QL
FAB MANAGEMENT LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7
FAB MANAGEMENT LIMITED
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,850
6,818
Investment property
4
1,195,750
1,170,750
1,199,600
1,177,568
Current assets
Debtors
5
252,164
250,823
Cash at bank and in hand
31,870
19,421
284,034
270,244
Creditors: amounts falling due within one year
6
(927,682)
(938,127)
Net current liabilities
(643,648)
(667,883)
Total assets less current liabilities
555,952
509,685
Provisions for liabilities
(56,705)
(42,664)
Net assets
499,247
467,021
Capital and reserves
Called up share capital
7
250,000
250,000
Other reserves
167,227
157,010
Profit and loss reserves
82,020
60,011
Total equity
499,247
467,021
FAB MANAGEMENT LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2025
31 May 2025
- 2 -

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 6 November 2025 and are signed on its behalf by:
J Farber
Director
Company registration number 10778528 (England and Wales)
FAB MANAGEMENT LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2025
- 3 -
Share capital
Non-distributable reserves
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 June 2023
250,000
115,197
56,940
422,137
Year ended 31 May 2024:
Profit and total comprehensive income for the year
-
-
45,884
45,884
Dividends
-
-
(1,000)
(1,000)
Transfers
-
41,813
(41,813)
-
Balance at 31 May 2024
250,000
157,010
60,011
467,021
Year ended 31 May 2025:
Profit and total comprehensive income for the year
-
-
33,226
33,226
Dividends
-
-
(1,000)
(1,000)
Transfers
-
10,217
(10,217)
-
Balance at 31 May 2025
250,000
167,227
82,020
499,247
FAB MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 4 -
1
Accounting policies
Company information

Fab Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is Captiva House, 9 Heythrop Close, Whitefield, Manchester, M45 7YB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, except for modification

to a fair value basis where specified in the accounting policies below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue in respect to rent from investment properties is recognised on a straight-line basis over the term of the associated lease.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

FAB MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 5 -
1.5
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.

Basic financial assets, which include debtors and cash, together with basic financial liabilities, including

creditors, are initially recognised at transaction cost and not amortised as they are either receivable or

payable within one year.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

FAB MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2024 and 31 May 2025
19,902
Depreciation and impairment
At 1 June 2024
13,084
Depreciation charged in the year
2,968
At 31 May 2025
16,052
Carrying amount
At 31 May 2025
3,850
At 31 May 2024
6,818
4
Investment property
2025
£
Fair value
At 1 June 2024
1,170,750
Revaluations
25,000
At 31 May 2025
1,195,750

The valuations of investment properties were made on 31 May 202 5 by the directors, on an open market basis. No depreciation is provided in respect of these properties.

If investment properties were stated on a historical basis rather than a fair value basis, the properties would have been included at an original cost of £972,781.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
252,164
250,823
FAB MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 7 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
5,919
1,116
Other creditors
921,763
937,011
927,682
938,127
7
Called up share capital
2025
2024
Ordinary share capital
£
£
Issued and not fully paid
50,000 A Ordinary Shares of £1 each
50,000
50,000
50,000 B Ordinary Shares of £1 each
50,000
50,000
50,000 C Ordinary Shares of £1 each
50,000
50,000
50,000 D Ordinary Shares of £1 each
50,000
50,000
50,000 E Ordinary Shares of £1 each
50,000
50,000
250,000
250,000
8
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

During the year, the company operated a loan account with J & T Management Consultants Limited, a related party by virtue of common control. At the balance sheet date, the company owed £415,970 (20 2 4: £415,970) to J & T Management Consultants Limited. T his balance is included within other creditors and is unsecured, interest-free and repayable-on-demand.

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