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Company Registration No. 11276341 (England and Wales)
FIGTREE MANAGEMENT LTD Unaudited Accounts for the period from 31 March 2024 to 29 March 2025
FIGTREE MANAGEMENT LTD Unaudited Accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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FIGTREE MANAGEMENT LTD Company Information for the period from 31 March 2024 to 29 March 2025
Director
Shahed Patel
Company Number
11276341 (England and Wales)
Registered Office
Southgate Office Village, Block E 286-A Chase Road Southgate London N14 6HF England
Accountants
Stoke Newington Accountants & Tax Consultants Ltd Southgate Office Village, Block E 286-A Chase Road Southgate London N14 6HF
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FIGTREE MANAGEMENT LTD Statement of financial position as at 29 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
112,990
97,559
Current assets
Inventories
276,000
425,000
Debtors
5
7,252
36,338
Cash at bank and in hand
6,319
24
289,571
461,362
Creditors: amounts falling due within one year
6
(2,000)
(3,906)
Net current assets
287,571
457,456
Total assets less current liabilities
400,561
555,015
Creditors: amounts falling due after more than one year
7
(468,833)
(603,300)
Net liabilities
(68,272)
(48,285)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(68,372)
(48,385)
Shareholders' funds
(68,272)
(48,285)
For the period ending 29 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 April 2026 and were signed on its behalf by
Shahed Patel Director Company Registration No. 11276341
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FIGTREE MANAGEMENT LTD Notes to the Accounts for the period from 31 March 2024 to 29 March 2025
1
Statutory information
FIGTREE MANAGEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 11276341. The registered office is Southgate Office Village, Block E, 286-A Chase Road, Southgate, London, N14 6HF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance Method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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FIGTREE MANAGEMENT LTD Notes to the Accounts for the period from 31 March 2024 to 29 March 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Going concern
The director has identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 31 March 2024
3,602
133,404
137,006
Additions
6,619
45,184
51,803
At 29 March 2025
10,221
178,588
188,809
Depreciation
At 31 March 2024
540
38,907
39,447
Charge for the period
1,452
34,920
36,372
At 29 March 2025
1,992
73,827
75,819
Net book value
At 29 March 2025
8,229
104,761
112,990
At 30 March 2024
3,062
94,497
97,559
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
7,252
36,338
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
1,306
Accruals
2,000
2,600
2,000
3,906
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Loans from directors
468,833
603,300
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FIGTREE MANAGEMENT LTD Notes to the Accounts for the period from 31 March 2024 to 29 March 2025
8
Transactions with related parties
At the balance sheet date, where the director held controlling interests, the company owed the director £468,833.
9
Controlling party
The company's ultimate controlling party is that of the company director by virtue of his ownership of 100% of the issued share capital in the company.
10
Average number of employees
During the period the average number of employees was 1 (2024: 1).
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