REGISTERED NUMBER: 10675270 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

NO 1 MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Hogan

REGISTERED OFFICE:

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

REGISTERED NUMBER:

10675270 (England and Wales)

ACCOUNTANTS:

TGFP

Chartered Accountants

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

FIXED ASSETS

Tangible assets

4

27,687

29,342

Investment property

5

406,844

268,944

434,531

298,286

CURRENT ASSETS

Debtors

6

59,160

195,873

Cash at bank

8,838

3,421

67,998

199,294

CREDITORS

Amounts falling due within one year

7

107,548

77,021

NET CURRENT (LIABILITIES)/ASSETS

(39,550

)

122,273

TOTAL ASSETS LESS CURRENT LIABILITIES

394,981

420,559

CREDITORS

Amounts falling due after more than one year

8

196,814

202,544

NET ASSETS

198,167

218,015

CAPITAL AND RESERVES

Called up and paid share capital

1

1

Revaluation reserve

169,999

169,999

Retained earnings

28,167

48,015

SHAREHOLDERS' FUNDS

198,167

218,015

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 December 2025 and were signed by:

R Hogan - Director

1.	STATUTORY INFORMATION

No 1 Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

52,164

Additions

7,100

At 31 March 2025

59,264

DEPRECIATION

At 1 April 2024

22,822

Charge for year

8,755

At 31 March 2025

31,577

NET BOOK VALUE

At 31 March 2025

27,687

At 31 March 2024

29,342

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

268,944

Additions

137,900

At 31 March 2025

406,844

NET BOOK VALUE

At 31 March 2025

406,844

At 31 March 2024

268,944

Fair value at 31 March 2025 is represented by:

£

Valuation in 2020

169,999

Cost

236,845

406,844

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

236,845

98,945

Investment property was valued on an open market basis on 31 March 2020 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by participating interests

59,160

195,873

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,730

5,730

Trade creditors

-

390

Amounts owed to participating interests

17,913

-

Taxation and social security

917

1,695

Other creditors

82,988

69,206

107,548

77,021

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

196,814

202,544

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Mortgage

170,000

170,000

Nottingham Building society have charges over the properties known as 18 Sheep Street, Rugby and 6-7 High Street, Rugby.

10.	ULTIMATE CONTROLLING PARTY

During the financial year the company was under the control of Brick Lane Group Limited, a company incorporated in England and Wales.