REGISTERED NUMBER: 04070372 (England and Wales)

FIRST CENTRAL MANAGEMENT COMPANY LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Bones

G Bamberger

REGISTERED OFFICE:

Albury Mill

Mill Lane

Chilworth

Guildford

Surrey

GU4 8RU

REGISTERED NUMBER:

04070372 (England and Wales)

AUDITORS:

Bessler Hendrie

Chartered Accountants

Statutory Auditor

Albury Mill

Mill Lane

Chilworth

Guildford

Surrey

GU4 8RU

CURRENT ASSETS

Debtors

3

296,313

391,448

Cash at bank

-

53,648

296,313

445,096

CREDITORS

Amounts falling due within one year

4

(301,929

)

(450,712

)

NET CURRENT LIABILITIES

(5,616

)

(5,616

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,616

)

(5,616

)

CAPITAL AND RESERVES

Called up share capital

32

32

Retained earnings

(5,648

)

(5,648

)

SHAREHOLDERS' FUNDS

(5,616

)

(5,616

)

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 27 September 2017 and were signed on its behalf by:

A Bones - Director

1.	STATUTORY INFORMATION

First Central Management Company Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The company has early adopted the amendments to company law made by The Companies, Partnerships

and Groups (Accounts and Reports) Regulations 2015 prior to their mandatory effective date for

accounting periods commencing on or after 1 January 2016.

The financial statements have been prepared on a going concern basis. This is considered appropriate by

the directors on the basis that the ongoing shareholders will continue to provide financial support to the

company for the foreseeable future to enable the company to meet its liabilities as they fall due.

Turnover

Turnover represents service charge receivable, net of value added tax.

Taxation

The company is a non-profit making estate management company and thus no tax arises in the ordinary

course of the business.

Financial instruments

Financial instruments are classified by the directors as basic or advanced, following the conditions in FRS

102 Section 11. Basic financial instruments are recognised at amortised cost. The company has no

advanced financial instruments.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

238,675

342,289

Other debtors

57,638

49,159

296,313

391,448

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

93,364

58,875

Amounts owed to group undertakings

-

34,722

Taxation and social security

10,484

-

Other creditors

198,081

357,115

301,929

450,712

5.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jason Saunders (Senior Statutory Auditor)

for and on behalf of Bessler Hendrie

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party during the year was Guinness Limited due to its ownership of the

controlling A Ordinary Share. The A Ordinary Share was repurchased by the company after the year end.

7.	EXPLANATION OF TRANSITION TO FRS102 SECTION 1A

This is the first year that the company has presented its financial statements in accordance with the

provisions of Financial Reporting Standard 102 Section 1A Small Entities (FRS 102 1A) issued by the

Financial Reporting Council. The comparative amounts have been restated accordingly. Therefore the

date of transition is 1 October 2014.

There have been no changes to the accounting policies of the company as a consequence of adopting FRS

102 1A. As a result, upon transition to FRS 102 1A there has been no impact on the company's financial

position or financial performance.