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REGISTERED NUMBER: 04258796 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Freeds 2000 Limited

Freeds 2000 Limited (Registered number: 04258796)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Freeds 2000 Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: A Miller





SECRETARY: Mrs C Miller





REGISTERED OFFICE: 5 North End Road
London
NW11 7RJ





REGISTERED NUMBER: 04258796 (England and Wales)





ACCOUNTANTS: Martin+Heller
5 North End Road
London
NW11 7RJ

Freeds 2000 Limited (Registered number: 04258796)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 11,474,644 10,514,644
11,474,644 10,514,644

CURRENT ASSETS
Debtors 6 1,621,475 2,064,996
Cash at bank 28,683 28,692
1,650,158 2,093,688
CREDITORS
Amounts falling due within one year 7 2,944,128 2,931,800
NET CURRENT LIABILITIES (1,293,970 ) (838,112 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,180,674

9,676,532

CREDITORS
Amounts falling due after more than one
year

8

(8,246,263

)

(8,279,494

)

PROVISIONS FOR LIABILITIES 9 (325,362 ) (152,275 )
NET ASSETS 1,609,049 1,244,763

CAPITAL AND RESERVES
Called up share capital 10 100 100
Non distributable reserves 11 1,567,198 1,240,285
Retained earnings 11 41,751 4,378
SHAREHOLDERS' FUNDS 1,609,049 1,244,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Freeds 2000 Limited (Registered number: 04258796)

Balance Sheet - continued
30 November 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 10 April 2024 and were signed by:





A Miller - Director


Freeds 2000 Limited (Registered number: 04258796)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

Freeds 2000 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 as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 25% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 3 ) .

Freeds 2000 Limited (Registered number: 04258796)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 December 2022
and 30 November 2023 988
DEPRECIATION
At 1 December 2022
and 30 November 2023 988
NET BOOK VALUE
At 30 November 2023 -

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 December 2022 10,514,644
Additions 460,000
Revaluations 500,000
At 30 November 2023 11,474,644
NET BOOK VALUE
At 30 November 2023 11,474,644
At 30 November 2022 10,514,644

Fair value at 30 November 2023 is represented by:
£
Valuation in 2017 1,392,560
Valuation in 2022 500,000
Cost 9,582,084
11,474,644

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£ £
Trade debtors (5,879 ) 8,422
Other debtors 1,627,354 2,056,574
1,621,475 2,064,996

Freeds 2000 Limited (Registered number: 04258796)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£ £
Trade creditors 4,599 9,846
Other creditors 2,939,529 2,921,954
2,944,128 2,931,800

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£ £
Bank loans 8,246,263 8,279,494

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,246,263 8,279,494

9. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£ £
Deferred tax 325,362 152,275

Deferred tax
£
Balance at 1 December 2022 152,275
Provided during year 173,087
Balance at 30 November 2023 325,362

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £ £
100 Ordinary £1 100 100

Freeds 2000 Limited (Registered number: 04258796)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


11. RESERVES
Non
Retained distributable
earnings reserves Totals
£ £ £

At 1 December 2022 4,378 1,240,285 1,244,663
Profit for the year 364,286 364,286
Gains or losses from fair value
adjustments

(500,000

)

500,000

-

Deferred tax 173,087 (173,087 ) -
At 30 November 2023 41,751 1,567,198 1,608,949