FNL Management Ltd - Accounts

FNL Management Ltd - Accounts

FNL MANAGEMENT LTD - Company Information

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Registered Number: 11464380
England and Wales

 

 

 

FNL MANAGEMENT LTD


AMENDED Unaudited Financial Statements
 


Period of accounts

Start date: 01 August 2019

End date: 31 July 2020

FNL Management Ltd
Contents Page
For the year ended 31 July 2020
Director Fred Martin-Dye
Registered Number 11464380
Registered Office 42 Townshend Terrace
Richmond
TW9 1XL
1
  2020   2019
    £ £   £ £
Fixed assets   419,227      0 
Current assets 8,021      9,338   
Creditors: amount falling due within one year (143,032)     (12,249)  
Net current assets   (135,011)     (2,911)
Total assets less current liabilities   284,216      (2,911)
Creditors: amount falling due after more than one year   (300,693)     0 
Net assets   (16,477)     (2,911)
 

         
Capital and reserves   (16,477)     (2,911)
 
NOTES TO THE ACCOUNTS

General Information
FNL Management Ltd is a private company, limited by shares , registered in England and Wales , registration number 11464380 , registration address 42 Townshend Terrace, Richmond, TW9 1XL.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – 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 on the going concern basis and 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.
Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit
for the current or past reporting periods using the tax rates and laws that that have been
enacted or substantively enacted by the reporting date.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Investment properties
Investment properties are included in the statement of financial position at their open market value at the statement of financial position date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the statement of financial position to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
2.

Average number of employees

Average number of employees during the year was 1 (2019 : 1)


For the year ended 31 July 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

Director's 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

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

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the financial reporting standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 12 January 2021 and were signed by:


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Fred Martin-Dye
Director
2