01 June 2022 31 May 2023 No principle activity is included 09579587 2022-06-01 09579587 2023-05-31 09579587 2022-06-01 2023-05-31 09579587 2022-05-31 09579587 2021-06-01 2022-05-31 09579587 uk-core:WithinOneYear 2023-05-31 09579587 uk-core:WithinOneYear 2022-05-31 09579587 uk-core:ShareCapital 2023-05-31 09579587 uk-core:ShareCapital 2022-05-31 09579587 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 09579587 uk-core:RetainedEarningsAccumulatedLosses 2022-05-31 09579587 uk-bus:Director1 2022-06-01 2023-05-31 09579587 uk-bus:RegisteredOffice 2022-06-01 2023-05-31 09579587 uk-curr:PoundSterling 2022-06-01 2023-05-31 09579587 uk-core:PlantMachinery 2022-06-01 2023-05-31 09579587 uk-core:Vehicles 2022-06-01 2023-05-31 09579587 uk-core:VehiclesPlantMachinery 2022-05-31 09579587 uk-core:VehiclesPlantMachinery 2022-06-01 2023-05-31 09579587 uk-core:VehiclesPlantMachinery 2023-05-31 09579587 uk-bus:FRS102 2022-06-01 2023-05-31 09579587 uk-bus:FullAccounts 2022-06-01 2023-05-31 09579587 uk-bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 09579587 uk-bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  R J R FREEMAN HOMES LTD
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 31 MAY 2023
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  R J R FREEMAN HOMES LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 MAY 2023
       
       
  DIRECTORS
       
  Ross Freeman
  Julian Freeman
  Roger Freeman
       
       
  REGISTERED OFFICE
       
  Bramshill Park Farm
Clump Lane
Horley
BANBURY
OX15 6AX
       
       
  COMPANY REGISTERED NUMBER
       
  09579587
       
       
  BANKERS
       
  Lloyds Bank plc
       
       
  ACCOUNTANTS
       
  Christopher Dean & Co
  Chartered Accountants
  Ivy Cottage, Bakers Lane, Tadmarton, Banbury, Oxon OX15 5TB
       
       
  CONTENTS
       
  Pages
       
       
  2-3 Statement of Financial Position  
       
       
  4-9 Notes to the Financial Statements  
       
     
  page 1
  R J R FREEMAN HOMES LTD
  Company registered number: 09579587
  STATEMENT OF FINANCIAL POSITION AT 31 May 2023
           
    Note 2023 2022
      £ £ £
  FIXED ASSETS
  Property, plant and equipment 3 35,141 54,267
  Investment property 4 5,998 5,998
      41,139 60,265
  CURRENT ASSETS    
  Inventories   1,531,336 1,120,933
  Debtors 5 96,991 20,141
  Cash at bank and in hand   148,421 418,363
      1,776,748 1,559,437
  CREDITORS: Amounts falling due within one year 6 302,827 304,531
  NET CURRENT ASSETS   1,473,921 1,254,906
  TOTAL ASSETS LESS CURRENT LIABILITIES   1,515,060 1,315,171
           
  PROVISIONS FOR LIABILITIES   (10,261) (10,261)
  NET ASSETS   £1,504,799 £1,304,910
       
  CAPITAL AND RESERVES
  Called up share capital   150 150
  Retained earnings   1,504,649 1,304,760
  SHAREHOLDERS' FUNDS   £1,504,799 £1,304,910
       
  The notes on pages 4-9 form part of these financial statements
   
  page 2
       
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
  These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
       
  The financial statements were approved and authorised for issue by the board of directors on 23 February 2024
 
  Signed on behalf of the board of directors
 
 
       
  Ross Freeman, Director
       
       
  The notes on pages 4-9 form part of these financial statements
   
  page 3
  R J R FREEMAN HOMES LTD
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 31 MAY 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  R J R Freeman Homes Ltd is a company limited by shares incorporated in England within the United Kingdom.
         
  Registered office:
  Bramshill Park Farm
Clump Lane
Horley
BANBURY
OX15 6AX
         
         
         
1b Basis of accounting
         
  These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
  The notes on pages 4-9 form part of these financial statements
   
  page 4
  R J R FREEMAN HOMES LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 MAY 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1d. Taxation
         
  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. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. 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.
         
 
         
 
       
1e. Investment property
       
  Investment properties are initially recognised at cost, properties whose fair value can be measured reliably are subsequently measured at fair value. The surplus or deficit on revaluation is recognised in the profit
and loss account accumulated in the profit and loss reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.
       
       
1f. Property, plant and equipment
       
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
       
  Plant and machinery Reducing balance 25%  
  Vehicles Reducing balance 25%  
         
1g. Inventories
         
  Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.
         
  The notes on pages 4-9 form part of these financial statements
   
  page 5
  R J R FREEMAN HOMES LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 MAY 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1h. Short term debtors and creditors
         
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
         
         
1i. Cash and cash equivalents
         
  Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.
         
 
         
1j. Employee benefits
         
  The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.
         
         
1k. Provisions
         
  Provisions are recognised when the Company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
         
  The notes on pages 4-9 form part of these financial statements
   
  page 6
  R J R FREEMAN HOMES LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 MAY 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1l. Judgements and key sources of estimation uncertainty
         
  In the application of the Company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
         
 
         
 
         
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows:
    2023 2022
    No. No.
  Production and sales 3 3
    3 3
   
  The notes on pages 4-9 form part of these financial statements
   
  page 7
  R J R FREEMAN HOMES LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 MAY 2023
       
3. PROPERTY, PLANT AND EQUIPMENT
    Plant &  
    Machinery Total
    £ £
  Cost
       
  At 1 June 2022 207,160 207,160
  Additions other than through business combinations 4,750 4,750
       
  Disposals (23,300) (23,300)
  At 31 May 2023 188,610 188,610
   
  Depreciation
       
  At 1 June 2022 152,893 152,893
  Disposals (11,137) (11,137)
  For the year 11,713 11,713
  At 31 May 2023 153,469 153,469
   
  Net Book Amounts
       
  At 31 May 2023 35,141 35,141
  At 31 May 2022 54,267 54,267
   
       
       
  Investment Properties
       
      Total
      £
  Fair value at 1 June 2022   5,998
  Acquisitions through business combinations
  Fair value at 31 May 2023   5,998
     
       
       
5. DEBTORS 2023 2022
    £ £
  Trade debtors - 1,712
  Social security and other taxes 41,983 13,981
  Other debtors 55,008 4,448
    £96,991 £20,141
   
  The notes on pages 4-9 form part of these financial statements
   
  page 8
  R J R FREEMAN HOMES LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 MAY 2023
       
       
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2023 2022
    £ £
  Trade creditors 82,118 22,112
  Taxes and social security 145,092 100,464
  Other creditors 75,617 181,955
    £302,827 £304,531
   
       
  The notes on pages 4-9 form part of these financial statements
   
  page 9