Freedom Yoga and Retreats Limited Filleted Accounts Cover
Freedom Yoga and Retreats Limited
Company No. 10806567
Information for Filing with The Registrar
30 June 2023
Freedom Yoga and Retreats Limited Balance Sheet Registrar
at
30 June 2023
Company No.
10806567
Notes
2023
2022
£
£
Current assets
Debtors
4
2,51713,640
Cash at bank and in hand
6,1612,572
8,67816,212
Creditors: Amount falling due within one year
5
(8,108)
(14,382)
Net current assets
5701,830
Total assets less current liabilities
5701,830
Net assets
5701,830
Capital and reserves
Called up share capital
11
Profit and loss account
7
5691,829
Total equity
5701,830
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 10 November 2023
And signed on its behalf by:
J. Heffer-Cooke
Director
10 November 2023
Freedom Yoga and Retreats Limited Notes to the Accounts Registrar
for the year ended 30 June 2023
1
General information
Its registered number is: 10806567
Its registered office is:
The Birches
Pedham Road
Hemblington
Norwich
NR13 4QD
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Debtors
2023
2022
£
£
Loans to directors
9411,667
Prepayments and accrued income
2,4231,973
2,51713,640
5
Creditors:
amounts falling due within one year
2023
2022
£
£
Other loans
-13,601
Taxes and social security
6,141
-
Other creditors
827-
Accruals and deferred income
1,140781
8,10814,382
6
Share Capital
The company has 1 £1.00 Ordinary share in issue, which is fully paid up at par.
7
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
8
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
15,500
-
15,500
-
Dividends by type:
Equity dividends
15,500-
15,500
-
9
Related party disclosures
Transactions with related parties
On 1 July 2022 the company acquired the trade, assets and liabilities of Zenmuma Limited, a company under the control of the director, following a decision to streamline the directors business interests. The director considered the value of the transfer to be negligible, therefore no goodwill has been recognised.
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