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REGISTERED NUMBER: 03157457 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Frydays Limited

Frydays Limited (Registered number: 03157457)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Frydays Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr M Pavlimbey





REGISTERED OFFICE: Grange House
Grange Lane
Little Dean
Gloucestershire
GL14 3NJ





REGISTERED NUMBER: 03157457 (England and Wales)





ACCOUNTANTS: Marneros Marcus & Co Ltd
Chartered Certified Accountants
First floor, Hagley Court
40 Vicarage Road
Edgbaston
Birmingham
West Midlands
B15 3EZ

Frydays Limited (Registered number: 03157457)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,375 12,750
Tangible assets 5 4,989 6,252
Investment property 6 851,603 865,338
862,967 884,340

CURRENT ASSETS
Stocks 7 2,875 3,025
Debtors 8 5,022 5,078
Cash at bank and in hand 98,584 165,442
106,481 173,545
CREDITORS
Amounts falling due within one year 9 73,896 100,140
NET CURRENT ASSETS 32,585 73,405
TOTAL ASSETS LESS CURRENT
LIABILITIES

895,552

957,745

CREDITORS
Amounts falling due after more than one year 10 - (108,212 )

PROVISIONS FOR LIABILITIES (847 ) (781 )
NET ASSETS 894,705 848,752

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 894,703 848,750
894,705 848,752

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Frydays Limited (Registered number: 03157457)

Balance Sheet - continued
31 March 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 15 November 2023 and were signed by:





Mr M Pavlimbey - Director


Frydays Limited (Registered number: 03157457)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Frydays 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1994, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost

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.

Investment properties amortised over 70 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Frydays Limited (Registered number: 03157457)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 127,500
AMORTISATION
At 1 April 2022 114,750
Amortisation for year 6,375
At 31 March 2023 121,125
NET BOOK VALUE
At 31 March 2023 6,375
At 31 March 2022 12,750

Frydays Limited (Registered number: 03157457)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2022 93,552 7,090 100,642
Additions 907 - 907
At 31 March 2023 94,459 7,090 101,549
DEPRECIATION
At 1 April 2022 91,841 2,549 94,390
Charge for year 752 1,418 2,170
At 31 March 2023 92,593 3,967 96,560
NET BOOK VALUE
At 31 March 2023 1,866 3,123 4,989
At 31 March 2022 1,711 4,541 6,252

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 961,462
DEPRECIATION
At 1 April 2022 96,124
Charge for year 13,735
At 31 March 2023 109,859
NET BOOK VALUE
At 31 March 2023 851,603
At 31 March 2022 865,338

7. STOCKS
2023 2022
£    £   
Stocks 2,875 3,025

Frydays Limited (Registered number: 03157457)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,079 -
Rent debtors 2,293 3,543
Prepayments 1,650 1,535
5,022 5,078

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 11) - 26,248
Trade creditors 9,031 14,641
Tax 25,104 29,216
Social security and other taxes 461 292
VAT 12,709 8,338
No description 3,750 -
Directors' current accounts 21,481 18,009
Accrued expenses 1,360 3,396
73,896 100,140

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 11) - 108,212

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 108,212

11. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans - 26,248

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 108,212