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REGISTERED NUMBER: 03903747 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

FREEDOM MOTOR HOMES LIMITED

FREEDOM MOTOR HOMES LIMITED (REGISTERED NUMBER: 03903747)






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


FREEDOM MOTOR HOMES LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: Mr A E Lerry
Mrs T J Lerry





SECRETARY: Mrs T J Lerry





REGISTERED OFFICE: Unit 43
Highfield Business Park
Deerhurst
Tewkesbury
Gloucestershire
GL19 4BP





REGISTERED NUMBER: 03903747 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
Malvern View Business Park
Stella Way
Bishops Cleeve
Cheltenham
Gloucestershire
GL52 7DQ

FREEDOM MOTOR HOMES LIMITED (REGISTERED NUMBER: 03903747)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 253,737 7,738

CURRENT ASSETS
Stocks 69,559 43,567
Debtors 5 786 399
Cash at bank 5 3,279
70,350 47,245
CREDITORS
Amounts falling due within one year 6 470,387 171,211
NET CURRENT LIABILITIES (400,037 ) (123,966 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(146,300

)

(116,228

)

PROVISIONS FOR LIABILITIES 1,902 1,420
NET LIABILITIES (148,202 ) (117,648 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (148,204 ) (117,650 )
SHAREHOLDERS' FUNDS (148,202 ) (117,648 )

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.

FREEDOM MOTOR HOMES LIMITED (REGISTERED NUMBER: 03903747)

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2023 and were signed on its behalf by:





Mr A E Lerry - Director


FREEDOM MOTOR HOMES LIMITED (REGISTERED NUMBER: 03903747)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Freedom Motor Homes 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
The financial statements have been prepared on a going concern basis, which assumes the that the company will continue trading for the foreseeable future. For the year ended 31 March 20223 the company made a loss before taxation of £30,071 (2021profit £5,941) and at the 31 March 2023 had net current liabilities of £400,037 (2021 - £123,966) and had net liabilities of £148,201 (2021 - £117,648).

The directors are satisfied that the company has sufficient facilities to continue to meet its liabilities as they fall due. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis.

Significant judgements and estimates
The directors are of the opinion that there are no significant judgements or estimations used in preparing the financial statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on reducing balance and 20% on reducing balance

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 Profit and loss account, 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.


FREEDOM MOTOR HOMES LIMITED (REGISTERED NUMBER: 03903747)

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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2022 - 38,434 40,505 78,939
Additions 227,180 31,311 354 258,845
At 31 March 2023 227,180 69,745 40,859 337,784
DEPRECIATION
At 1 April 2022 - 33,485 37,716 71,201
Charge for year - 11,234 1,612 12,846
At 31 March 2023 - 44,719 39,328 84,047
NET BOOK VALUE
At 31 March 2023 227,180 25,026 1,531 253,737
At 31 March 2022 - 4,949 2,789 7,738

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 786 399

FREEDOM MOTOR HOMES LIMITED (REGISTERED NUMBER: 03903747)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 47,799 58,784
Trade creditors 29,907 112
Taxation and social security - 6,067
Other creditors 392,681 106,248
470,387 171,211