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REGISTERED NUMBER: 01139822 (England and Wales)














Freyer Wilson Estates Limited

Unaudited Financial Statements

For The Year Ended 28 February 2023






Freyer Wilson Estates Limited (Registered number: 01139822)






Contents of the Financial Statements
For The Year Ended 28 February 2023




Page

Company Information 1

Chartered Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


Freyer Wilson Estates Limited

Company Information
For The Year Ended 28 February 2023







DIRECTOR: J W Senior



SECRETARY: Mrs N J Senior



REGISTERED OFFICE: 2 West Parade Road
Scarborough
North Yorkshire
YO12 5ED



REGISTERED NUMBER: 01139822 (England and Wales)



ACCOUNTANTS: Ingham & Co.
Chartered Accountants
George Stanley House
2 West Parade Road
Scarborough
North Yorkshire
YO12 5ED



BANKERS: National Westminster Bank Plc
3 Westborough
Scarborough
North Yorkshire
YO11 2GA



SOLICITORS: Tubbs & Co
106 Victoria Road
Scarborough
North Yorkshire
YO11 1SL

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Freyer Wilson Estates Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Freyer Wilson Estates Limited for the year ended 28 February 2023 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Freyer Wilson Estates Limited in accordance with the terms of our engagement letter dated 26 November 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Freyer Wilson Estates Limited and state those matters that we have agreed to state to the director of Freyer Wilson Estates Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Freyer Wilson Estates Limited and its director for our work or for this report.

It is your duty to ensure that Freyer Wilson Estates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Freyer Wilson Estates Limited. You consider that Freyer Wilson Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Freyer Wilson Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ingham & Co.
Chartered Accountants
George Stanley House
2 West Parade Road
Scarborough
North Yorkshire
YO12 5ED


31 October 2023

Freyer Wilson Estates Limited (Registered number: 01139822)

Abridged Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 74,934 75,196
Investments 6 139,449 139,449
214,383 214,645

CURRENT ASSETS
Debtors 399,478 403,820
Cash at bank and in hand 17,622 16,466
417,100 420,286
CREDITORS
Amounts falling due within one year 70,971 57,714
NET CURRENT ASSETS 346,129 362,572
TOTAL ASSETS LESS CURRENT
LIABILITIES

560,512

577,217

CREDITORS
Amounts falling due after more than one
year

(23,333

)

(33,333

)

PROVISIONS FOR LIABILITIES (1,027 ) (286 )
NET ASSETS 536,152 543,598

CAPITAL AND RESERVES
Called up share capital 600 600
Share premium 138,949 138,949
Retained earnings 396,603 404,049
SHAREHOLDERS' FUNDS 536,152 543,598

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Freyer Wilson Estates Limited (Registered number: 01139822)

Abridged Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 October 2023 and were signed by:





J W Senior - Director


Freyer Wilson Estates Limited (Registered number: 01139822)

Notes to the Financial Statements
For The Year Ended 28 February 2023

1. STATUTORY INFORMATION

Freyer Wilson Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents sales of goods and rents receivable on leasehold properties, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, was amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - Straight line over the term of the lease
Fixtures and fittings - 25% on cost and 10% on reducing balance
Computer equipment - 33% on cost

No depreciation has been provided in the financial statements in respect of Freehold Property, as the Director considers this to be immaterial, given the high estimated residual value of the properties.

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.

Freyer Wilson Estates Limited (Registered number: 01139822)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Fixed asset investments
Fixed asset investments are stated at cost less any provision for diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 10,000
Disposals (10,000 )
At 28 February 2023 -
AMORTISATION
At 1 March 2022 10,000
Eliminated on disposal (10,000 )
At 28 February 2023 -
NET BOOK VALUE

At 28 February 2023 -
At 28 February 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 261,644
Additions 3,755
At 28 February 2023 265,399
DEPRECIATION
At 1 March 2022 186,448
Charge for year 4,017
At 28 February 2023 190,465
NET BOOK VALUE
At 28 February 2023 74,934
At 28 February 2022 75,196

Freyer Wilson Estates Limited (Registered number: 01139822)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2023

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 March 2022
and 28 February 2023 139,449
NET BOOK VALUE
At 28 February 2023 139,449
At 28 February 2022 139,449