IRIS Accounts Production v23.2.0.158 03358642 director 1.5.22 30.4.23 30.4.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033586422022-04-30033586422023-04-30033586422022-05-012023-04-30033586422021-04-30033586422021-05-012022-04-30033586422022-04-3003358642ns10:Originalns15:EnglandWales2022-05-012023-04-3003358642ns14:PoundSterlingns10:Original2022-05-012023-04-3003358642ns10:Originalns10:Director12022-05-012023-04-3003358642ns10:Original2022-05-012023-04-3003358642ns10:Original2023-04-3003358642ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-012023-04-3003358642ns10:Originalns10:SmallEntities2022-05-012023-04-3003358642ns10:Originalns10:AuditExempt-NoAccountantsReport2022-05-012023-04-3003358642ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3003358642ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-012023-04-3003358642ns10:Originalns10:FullAccounts2022-05-012023-04-3003358642ns10:Original2021-05-012022-04-3003358642ns10:Originalns10:RegisteredOffice2022-05-012023-04-3003358642ns10:Original2022-04-3003358642ns10:Originalns5:CurrentFinancialInstruments2023-04-3003358642ns10:Originalns5:CurrentFinancialInstruments2022-04-3003358642ns10:Originalns5:Non-currentFinancialInstruments2023-04-3003358642ns10:Originalns5:Non-currentFinancialInstruments2022-04-3003358642ns5:ShareCapitalns10:Original2023-04-3003358642ns5:ShareCapitalns10:Original2022-04-3003358642ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2023-04-3003358642ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-04-3003358642ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-3003358642ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-3003358642ns10:Originalns5:FurnitureFittings2022-05-012023-04-3003358642ns10:Originalns5:ComputerEquipment2022-05-012023-04-3003358642ns10:Originalns5:FurnitureFittings2022-04-3003358642ns10:Originalns5:ComputerEquipment2022-04-3003358642ns10:Original2022-04-3003358642ns10:Originalns5:FurnitureFittings2023-04-3003358642ns10:Originalns5:ComputerEquipment2023-04-3003358642ns10:Originalns5:FurnitureFittings2022-04-3003358642ns10:Originalns5:ComputerEquipment2022-04-3003358642ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3003358642ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-3003358642ns5:Securedns10:Original2023-04-3003358642ns5:Securedns10:Original2022-04-3003358642ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-04-30
REGISTERED NUMBER: 03358642 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

FREYMONT ENTERPRISES LIMITED

FREYMONT ENTERPRISES LIMITED (REGISTERED NUMBER: 03358642)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FREYMONT ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 April 2023







DIRECTOR: G Kaimakliotis





REGISTERED OFFICE: 12 Gateway Mews
Ring Way
London
N11 2UT





REGISTERED NUMBER: 03358642 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT

FREYMONT ENTERPRISES LIMITED (REGISTERED NUMBER: 03358642)

BALANCE SHEET
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 266 354
Investment property 5 2,200,000 2,200,000
2,200,266 2,200,354

CURRENT ASSETS
Debtors 6 10,000 5,000
Cash at bank 82,235 96,246
92,235 101,246
CREDITORS
Amounts falling due within one year 7 221,835 141,403
NET CURRENT LIABILITIES (129,600 ) (40,157 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,070,666

2,160,197

CREDITORS
Amounts falling due after more than one
year

8

(51,842

)

(194,912

)

PROVISIONS FOR LIABILITIES (249,708 ) (189,778 )
NET ASSETS 1,769,116 1,775,507

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 1,126,801 1,186,731
Retained earnings 642,215 588,676
SHAREHOLDERS' FUNDS 1,769,116 1,775,507

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

FREYMONT ENTERPRISES LIMITED (REGISTERED NUMBER: 03358642)

BALANCE SHEET - continued
30 April 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 September 2023 and were signed by:





G Kaimakliotis - Director


FREYMONT ENTERPRISES LIMITED (REGISTERED NUMBER: 03358642)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2023

1. STATUTORY INFORMATION

FREYMONT ENTERPRISES 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Deferred taxation is provided on such surplus or deficit at the rate expected to apply when the property is sold.

The fair value profits on investment property is not a realised profit available for distribution. In order to differentiate the non-distributable profits with the distributable profits of the company, any fair value movements on investment property less the deferred tax on such movements is transferred from retained earnings to fair value reserves, which is a non-distributable reserve.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

FREYMONT ENTERPRISES LIMITED (REGISTERED NUMBER: 03358642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 April 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2022
and 30 April 2023 5,762 855 6,617
DEPRECIATION
At 1 May 2022 5,560 703 6,263
Charge for year 50 38 88
At 30 April 2023 5,610 741 6,351
NET BOOK VALUE
At 30 April 2023 152 114 266
At 30 April 2022 202 152 354

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 2,200,000
NET BOOK VALUE
At 30 April 2023 2,200,000
At 30 April 2022 2,200,000

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2002 115,506
Valuation in 2003 60,000
Valuation in 2008 295,000
Valuation in 2017 706,003
Valuation in 2021 200,000
Cost 823,491
2,200,000

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

30.4.23 30.4.22
£    £   
Cost 823,491 823,491

Investment property was valued on an open market basis on 30 April 2023 by the director .

FREYMONT ENTERPRISES LIMITED (REGISTERED NUMBER: 03358642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 April 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 10,000 5,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 63,970 34,496
Taxation and social security 12,896 10,347
Other creditors 144,969 96,560
221,835 141,403

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans - 63,300
Other creditors 51,842 131,612
51,842 194,912

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bank loans 63,970 97,796

10. RESERVES
Fair
value
reserve
£   
At 1 May 2022 1,186,731
Fair value movements net of deferred tax trfd
from retained earnings

(59,930

)


At 30 April 2023 1,126,801