IRIS Accounts Production v23.3.0.418 04734530 director 1.5.22 30.4.23 30.4.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047345302022-04-30047345302023-04-30047345302022-05-012023-04-30047345302021-04-30047345302021-05-012022-04-30047345302022-04-3004734530ns10:Originalns15:EnglandWales2022-05-012023-04-3004734530ns14:PoundSterlingns10:Original2022-05-012023-04-3004734530ns10:Originalns10:Director12022-05-012023-04-3004734530ns10:Original2022-05-012023-04-3004734530ns10:Original2023-04-3004734530ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-012023-04-3004734530ns10:Originalns10:SmallEntities2022-05-012023-04-3004734530ns10:Originalns10:AuditExempt-NoAccountantsReport2022-05-012023-04-3004734530ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3004734530ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-012023-04-3004734530ns10:Originalns10:FullAccounts2022-05-012023-04-3004734530ns10:Originalns10:OrdinaryShareClass12022-05-012023-04-3004734530ns10:CompanySecretary1ns10:Original2022-05-012023-04-3004734530ns10:Originalns10:RegisteredOffice2022-05-012023-04-3004734530ns10:Original2022-04-3004734530ns10:Originalns5:CurrentFinancialInstruments2023-04-3004734530ns10:Originalns5:CurrentFinancialInstruments2022-04-3004734530ns10:Originalns5:Non-currentFinancialInstruments2023-04-3004734530ns10:Originalns5:Non-currentFinancialInstruments2022-04-3004734530ns5:ShareCapitalns10:Original2023-04-3004734530ns5:ShareCapitalns10:Original2022-04-3004734530ns10:Originalns5:RevaluationReserve2023-04-3004734530ns10:Originalns5:RevaluationReserve2022-04-3004734530ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-3004734530ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-3004734530ns10:Original2021-05-012022-04-3004734530ns10:Original2022-04-3004734530ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3004734530ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-3004734530ns5:Securedns10:Original2023-04-3004734530ns5:Securedns10:Original2022-04-3004734530ns10:Originalns10:OrdinaryShareClass12023-04-3004734530ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-3004734530ns10:Originalns5:RevaluationReserve2022-04-3004734530ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-012023-04-30
REGISTERED NUMBER: 04734530 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2023

for

James Freeman Limited

James Freeman Limited (Registered number: 04734530)






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


James Freeman Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: G Wilson





SECRETARY: G Wilson





REGISTERED OFFICE: 40 Main Street
Horkstow
Barton-upon-Humber
Lincolnshire
DN18 6BG





REGISTERED NUMBER: 04734530 (England and Wales)





ACCOUNTANTS: Try Lunn & Co
Chartered Accountants
Roland House
Princes Dock Street
Hull
HU1 2LD

James Freeman Limited (Registered number: 04734530)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 540,000 540,000

CURRENT ASSETS
Debtors 5 2,948 -
Cash at bank 3,317 15,074
6,265 15,074
CREDITORS
Amounts falling due within one year 6 148,625 143,024
NET CURRENT LIABILITIES (142,360 ) (127,950 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

397,640

412,050

CREDITORS
Amounts falling due after more than one
year

7

186,473

221,420
NET ASSETS 211,167 190,630

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 60,968 60,968
Retained earnings 10 150,099 129,562
SHAREHOLDERS' FUNDS 211,167 190,630

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.

James Freeman Limited (Registered number: 04734530)

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 23 October 2023 and were signed by:





G Wilson - Director


James Freeman Limited (Registered number: 04734530)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

James Freeman 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.

Rental income is is recognised when it is received.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 540,000
NET BOOK VALUE
At 30 April 2023 540,000
At 30 April 2022 540,000

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2014 968
Valuation in 2016 20,000
Valuation in 2018 40,000
Cost 479,032
540,000

James Freeman Limited (Registered number: 04734530)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,948 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 27,240 12,885
Trade creditors 649 -
Taxation and social security 4,817 2,744
Other creditors 115,919 127,395
148,625 143,024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 186,473 221,420

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 39,799 169,880

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 213,713 234,305

Bank loans are secured by fixed charges over the properties to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 100 100

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 May 2022 129,562 60,968 190,530
Profit for the year 20,537 20,537
At 30 April 2023 150,099 60,968 211,067

James Freeman Limited (Registered number: 04734530)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 30 April 2023 the Company owed G Wilson - £114,658 (2022 - £115,658).

12. ULTIMATE CONTROLLING PARTY

The Company is controlled by G Wilson.