1 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 10819727 2022-04-01 2023-03-31 10819727 2023-03-31 10819727 2021-04-01 2022-03-31 10819727 2022-03-31 10819727 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 10819727 bus:Director1 2022-04-01 2023-03-31 10819727 core:WithinOneYear 2023-03-31 10819727 core:WithinOneYear 2022-03-31 10819727 core:ShareCapital 2023-03-31 10819727 core:ShareCapital 2022-03-31 10819727 core:RetainedEarningsAccumulatedLosses 2023-03-31 10819727 core:RetainedEarningsAccumulatedLosses 2022-03-31 10819727 core:CostValuation core:Non-currentFinancialInstruments 2022-03-31 10819727 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInInvestments 2023-03-31 10819727 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 10819727 core:Non-currentFinancialInstruments 2023-03-31 10819727 core:Non-currentFinancialInstruments 2022-03-31 10819727 bus:SmallEntities 2022-04-01 2023-03-31 10819727 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10819727 bus:FullAccounts 2022-04-01 2023-03-31 10819727 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 10819727 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10819727 bus:OrdinaryShareClass1 2023-03-31 10819727 bus:OrdinaryShareClass1 2022-03-31
COMPANY REGISTRATION NUMBER: 10819727

FREAR INVESTMENTS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2023

FREAR INVESTMENTS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2023

Contents | Page

Balance sheet 1
Notes to the financial statements 2

FREAR INVESTMENTS LIMITED

BALANCE SHEET

31 March 2023

| 2023 | 2022
Note | £ | £

Fixed assets

Investments | 5 | 26,421,322 | 26,013,876

Current assets

Debtors | 6 | 8,905,732 | 6,770,072
Cash at bank and in hand | 108,379 | 32,189
| ------------ | ------------
| 9,014,111 | 6,802,261

Creditors: amounts falling due within one year | 7 | ( 9,911,505) | ( 8,783,411)
| ------------ | ------------
Net current liabilities | ( 897,394) | ( 1,981,150)
| ------------- | -------------
Total assets less current liabilities | 25,523,928 | 24,032,726

Provisions | ( 2,523,523) | ( 1,714,176)
| ------------- | -------------
Net assets | 23,000,405 | 22,318,550
| ------------- | -------------

Capital and reserves

Called up share capital | 9 | 1,440 | 1,440
Profit and loss account | 22,998,965 | 22,317,110
| ------------- | -------------
Shareholders funds | 23,000,405 | 22,318,550
| ------------- | -------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 26 August 2023 , and are signed on behalf of the board by:

T C Frear
Director

Company registration number: 10819727

FREAR INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Westgate, Huddersfield, HD1 1PA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Investments are stated at estimated market value and are subject to an annual impairment review.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Investments

| Shares and loans in unlisted companies | Listed investments | Total
| £ | £ | £
Cost |  |  |
At 1 April 2022 | 13,700,051 | 12,313,825 | 26,013,876
Other movements | 1,026,471 | ( 619,025) | 407,446
| ------------- | ------------- | -------------
At 31 March 2023 | 14,726,522 | 11,694,800 | 26,421,322
| ------------- | ------------- | -------------
Impairment |  |  |
At 1 April 2022 and 31 March 2023 | – | – | –
| ------------- | ------------- | -------------

Carrying amount |  |  |
At 31 March 2023 | 14,726,522 | 11,694,800 | 26,421,322
| ------------- | ------------- | -------------
At 31 March 2022 | 13,700,051 | 12,313,825 | 26,013,876
| ------------- | ------------- | -------------

6. Debtors

| 2023 | 2022
| £ | £
Prepayments and accrued income | 8,905,732 | 6,770,072
| ------------ | ------------

7. Creditors: amounts falling due within one year

| 2023 | 2022
| £ | £
Bank loan | 2,977,867 | 1,523,270
Accruals and deferred income | 17,000 | 5,700
Corporation tax | – | 19,369
Social security and other taxes | 408 | 103
Director loan accounts | 6,876,230 | 7,234,969
Other creditors | 40,000 | –
| ------------ | ------------
| 9,911,505 | 8,783,411
| ------------ | ------------

8. Deferred tax
The deferred tax included in the balance sheet is as follows:

| 2023 | 2022
| £ | £
Included in provisions | 2,523,523 | 1,714,176
| ------------ | ------------

9. Called up share capital
Issued, called up and fully paid

| 2023 | 2022
| No. | £ | No. | £
Ordinary shares of £ 1 each | 1,440 | 1,440 | 1,440 | 1,440
| ------------ | ------------ | ------------ | ------------

Shares issued and fully paid

| 2023 | 2022
| No. | £ | No. | £
Ordinary shares of £ 1 each | 1,440 | 1,440 | 1,440 | 1,440
| ------------ | ------------ | ------------ | ------------

Shares issued and partly paid

| 2023 | 2022
| No. | £ | No. | £

The issued share capital was reclassified during the year into 288 A shares, 290 B shares, 286 C shares, 288 D shares and 288 E shares. The rights attaching to each clas of share are set out in the company's Articles of Association.
10. Related party transactions
The Directors' loans and shareholders' loans set out at note 7 above are unsecured, repayable on demnad and currently interest-free. The company is controlled by T C Frear .