IRIS Accounts Production v23.3.0.418 03818925 Board of Directors 1.4.22 31.3.23 31.3.23 0 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh038189252022-03-31038189252023-03-31038189252022-04-012023-03-31038189252021-03-31038189252021-04-012022-03-31038189252022-03-3103818925ns10:Originalns15:EnglandWales2022-04-012023-03-3103818925ns14:PoundSterlingns10:Original2022-04-012023-03-3103818925ns10:Originalns10:Director12022-04-012023-03-3103818925ns10:Original2022-04-012023-03-3103818925ns10:Original2023-03-3103818925ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3103818925ns10:Originalns10:SmallEntities2022-04-012023-03-3103818925ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3103818925ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3103818925ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3103818925ns10:Originalns10:FullAccounts2022-04-012023-03-3103818925ns10:Original2021-04-012022-03-3103818925ns10:Original12022-04-012023-03-3103818925ns10:Originalns10:Director22022-04-012023-03-3103818925ns10:Originalns10:Director32022-04-012023-03-3103818925ns10:CompanySecretary1ns10:Original2022-04-012023-03-3103818925ns10:Originalns10:RegisteredOffice2022-04-012023-03-3103818925ns10:Originalns5:CurrentFinancialInstruments2023-03-3103818925ns10:Originalns5:CurrentFinancialInstruments2022-03-3103818925ns10:Original2022-03-3103818925ns5:ShareCapitalns10:Original2023-03-3103818925ns5:ShareCapitalns10:Original2022-03-3103818925ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3103818925ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3103818925ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-012023-03-3103818925ns10:Originalns5:ComputerSoftware2022-04-012023-03-3103818925ns10:Originalns5:PlantMachinery2022-04-012023-03-3103818925ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-03-3103818925ns5:IntangibleAssetsOtherThanGoodwillns10:Original2023-03-3103818925ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-03-3103818925ns10:Originalns5:PlantMachinery2022-03-3103818925ns10:Originalns5:PlantMachinery2023-03-3103818925ns10:Originalns5:PlantMachinery2022-03-31
REGISTERED NUMBER: 03818925 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Freenet Limited

Freenet Limited (Registered number: 03818925)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Freenet Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: S R Westmoreland
Mrs J A Westmoreland
R J Westmoreland





SECRETARY: S R Westmoreland





REGISTERED OFFICE: Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR





REGISTERED NUMBER: 03818925 (England and Wales)





ACCOUNTANTS: Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

Freenet Limited (Registered number: 03818925)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   

CREDITORS
Amounts falling due within one year 6 5,657 5,657
NET CURRENT LIABILITIES (5,657 ) (5,657 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,657

)

(5,657

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (5,659 ) (5,659 )
SHAREHOLDERS' FUNDS (5,657 ) (5,657 )

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 directors acknowledge their 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.

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 Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:





S R Westmoreland - Director


Freenet Limited (Registered number: 03818925)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Freenet 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.

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.

Computer software is being amortised evenly over its estimated useful life of five 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 - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 9,050
AMORTISATION
At 1 April 2022
and 31 March 2023 9,050
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

Freenet Limited (Registered number: 03818925)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 April 2022
and 31 March 2023 3,679
DEPRECIATION
At 1 April 2022
and 31 March 2023 3,679
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 5,657 5,657