Caseware UK (AP4) 2021.0.152 2021.0.152 2022-04-052022-04-0512021-04-06true1falseNo description of principal activityfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04758737 2021-04-06 2022-04-05 04758737 2020-04-06 2021-04-05 04758737 2022-04-05 04758737 2021-04-05 04758737 c:Director1 2021-04-06 2022-04-05 04758737 d:FurnitureFittings 2021-04-06 2022-04-05 04758737 d:FurnitureFittings 2022-04-05 04758737 d:FurnitureFittings 2021-04-05 04758737 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-04-06 2022-04-05 04758737 d:CurrentFinancialInstruments 2022-04-05 04758737 d:CurrentFinancialInstruments 2021-04-05 04758737 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-05 04758737 d:CurrentFinancialInstruments d:WithinOneYear 2021-04-05 04758737 d:ShareCapital 2022-04-05 04758737 d:ShareCapital 2021-04-05 04758737 d:RetainedEarningsAccumulatedLosses 2022-04-05 04758737 d:RetainedEarningsAccumulatedLosses 2021-04-05 04758737 c:FRS102 2021-04-06 2022-04-05 04758737 c:AuditExempt-NoAccountantsReport 2021-04-06 2022-04-05 04758737 c:FullAccounts 2021-04-06 2022-04-05 04758737 c:PrivateLimitedCompanyLtd 2021-04-06 2022-04-05 iso4217:GBP xbrli:pure

Registered number: 04758737









LISA FREEDMAN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 5 APRIL 2022

 
LISA FREEDMAN LIMITED
REGISTERED NUMBER: 04758737

STATEMENT OF FINANCIAL POSITION
AS AT 5 APRIL 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,215
1,429

  
1,215
1,429

Current assets
  

Cash at bank and in hand
 5 
6,525
10,109

  
6,525
10,109

Creditors: amounts falling due within one year
 6 
(6,964)
(11,277)

Net current liabilities
  
 
 
(439)
 
 
(1,168)

Total assets less current liabilities
  
776
261

  

Net assets
  
776
261


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
676
161

  
776
261


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




L D Freedman
Director

Page 1

 
LISA FREEDMAN LIMITED
REGISTERED NUMBER: 04758737
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 5 APRIL 2022

Date: 13 September 2022

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
LISA FREEDMAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022

1.


General information

The principal activity of the company continued to be journalism.
The company is a private company limited by shares and is incorporated in England and Wales.
The address of its Registered Office is 35 Ballards Lane, London N3 1XW. 
The functional and presentational currency of the company is GBP and the accounts have been rounded to the nearest one pound.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
LISA FREEDMAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the
recognition of financial assets and liabilities like trade and other debtors and creditors.
(i) Financial assets
Basic financial assets, including trade and other debtors, are initially recognised at transaction price,
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.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for
objective evidence of impairment. If an asset is impaired the impairment loss is the difference
between the carrying amount and the present value of the estimated cash flows discounted at the
asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income
and Retained Earnings.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset
expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are
transferred to another party or (c) control of the asset has been transferred to another party who has
the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional
restrictions.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at
transaction price, unless the arrangement constitutes a financing transaction, where the debt
instrument is measured at the present value of the future receipts discounted at a market rate of
 
Page 4

 
LISA FREEDMAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022

2.Accounting policies (continued)


2.5
Financial instruments (continued)

interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of business from suppliers. Trade creditors are classified as current liabilities if payment is
due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are
recognised initially at transaction price and subsequently measured at amortised cost using the
effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual
obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements
when there is a legally enforceable right to set off the recognised amounts and there is an intention
to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).


4.


Tangible fixed assets





Fixtures & fittings

£



Cost or valuation


At 6 April 2021
8,350



At 5 April 2022

8,350



Depreciation


At 6 April 2021
6,921


Charge for the year on owned assets
214



At 5 April 2022

7,135



Net book value



At 5 April 2022
1,215



At 5 April 2021
1,429

Page 5

 
LISA FREEDMAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022

5.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
6,526
10,109

6,526
10,109



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Corporation tax
6,927
8,748

Other creditors
37
2,529

6,964
11,277



7.


Related party transactions

Included within other creditors is a balance of £38 (2021 - £2,529) owed to the director.This balance is unsecured with no fixed repayment terms. Interest has been applied at the official rate.

 
Page 6