IRIS Accounts Production v24.1.9.2 04935712 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049357122022-10-31049357122023-10-31049357122022-11-012023-10-31049357122021-10-31049357122021-11-012022-10-31049357122022-10-3104935712ns15:EnglandWales2022-11-012023-10-3104935712ns14:PoundSterling2022-11-012023-10-3104935712ns10:Director12022-11-012023-10-3104935712ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3104935712ns10:SmallEntities2022-11-012023-10-3104935712ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3104935712ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3104935712ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3104935712ns10:FullAccounts2022-11-012023-10-3104935712ns10:Director22022-11-012023-10-3104935712ns10:CompanySecretary12022-11-012023-10-3104935712ns10:RegisteredOffice2022-11-012023-10-3104935712ns5:CurrentFinancialInstruments2023-10-3104935712ns5:CurrentFinancialInstruments2022-10-3104935712ns5:Non-currentFinancialInstruments2023-10-3104935712ns5:Non-currentFinancialInstruments2022-10-3104935712ns5:ShareCapital2023-10-3104935712ns5:ShareCapital2022-10-3104935712ns5:FurtherSpecificReserve3ComponentTotalEquity2023-10-3104935712ns5:FurtherSpecificReserve3ComponentTotalEquity2022-10-3104935712ns5:RetainedEarningsAccumulatedLosses2023-10-3104935712ns5:RetainedEarningsAccumulatedLosses2022-10-3104935712ns5:LeaseholdImprovements2022-11-012023-10-3104935712ns5:LeaseholdImprovements2022-10-3104935712ns5:LeaseholdImprovements2023-10-3104935712ns5:LeaseholdImprovements2022-10-3104935712ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3104935712ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3104935712ns5:Secured2023-10-3104935712ns5:Secured2022-10-3104935712ns5:FurtherSpecificReserve3ComponentTotalEquity2022-10-31049357121ns10:Director12022-10-31049357121ns10:Director12021-10-31049357121ns10:Director12022-11-012023-10-31049357121ns10:Director12021-11-012022-10-31049357121ns10:Director12023-10-31049357121ns10:Director12022-10-31
REGISTERED NUMBER: 04935712 (England and Wales)















Freezeramp Limited

Unaudited Financial Statements

for the Year Ended 31 October 2023






Freezeramp Limited (Registered number: 04935712)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Freezeramp Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: M M Davies
B Davies





SECRETARY: M M Davies





REGISTERED OFFICE: Neath Abbey Wharf
Neath Abbey
Neath
SA10 6BL





REGISTERED NUMBER: 04935712 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Freezeramp Limited (Registered number: 04935712)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,680 4,600
Investment property 5 3,761,131 3,761,131
3,764,811 3,765,731

CURRENT ASSETS
Debtors 6 243,066 242,990
Cash at bank 6,804 29,938
249,870 272,928
CREDITORS
Amounts falling due within one year 7 450,224 401,177
NET CURRENT LIABILITIES (200,354 ) (128,249 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,564,457 3,637,482

CREDITORS
Amounts falling due after more than one year 8 (1,230,264 ) (1,325,760 )

PROVISIONS FOR LIABILITIES - (30,000 )
NET ASSETS 2,334,193 2,281,722

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 10 1,472,273 1,472,273
Retained earnings 861,919 809,448
2,334,193 2,281,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Freezeramp Limited (Registered number: 04935712)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





M M Davies - Director


Freezeramp Limited (Registered number: 04935712)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Freezeramp 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% 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.

Rental income
Rental income arising from investment properties is accounted for on a straight line basis over the lease term.

Investments
Other Investments are initially recognised at cost.

Debtors, Creditors and provisions

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Freezeramp Limited (Registered number: 04935712)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
At 1 November 2022
and 31 October 2023 9,200
DEPRECIATION
At 1 November 2022 4,600
Charge for year 920
At 31 October 2023 5,520
NET BOOK VALUE
At 31 October 2023 3,680
At 31 October 2022 4,600

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 3,761,131
NET BOOK VALUE
At 31 October 2023 3,761,131
At 31 October 2022 3,761,131

Included in fair value of investment property is freehold land of £ 1,991,074 (2022 - £ 1,991,074 ) which is not depreciated.

The directors commissioned a professional valuation of the land held. The results of the valuation have been included in the financial statements to establish the current carrying value of £1,991,074 for the land. The remaining net book value relates to a purchase made during the year which is considered to be a fair representation of its value at the year end.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 243,066 242,990

Freezeramp Limited (Registered number: 04935712)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 109,245 122,993
Trade creditors 560 255
Taxation and social security 28,471 73,458
Other creditors 311,948 204,471
450,224 401,177

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 1,230,264 1,325,760

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 793,284 833,789

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 1,339,509 1,448,753

10. RESERVES
Fair
value
reserve
£   
At 1 November 2022
and 31 October 2023 1,472,273

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
M M Davies
Balance outstanding at start of year 174,238 196,407
Amounts advanced - 37,382
Amounts repaid (155 ) (59,551 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 174,083 174,238

Freezeramp Limited (Registered number: 04935712)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

12. RELATED PARTY DISCLOSURES

During the year the company made the following transactions with a company related by common Director and Shareholder.

2023 2022
£    £   

Recharges 107,500 100,000

At the year end the balance due to companies related by common Director was £259,871 (2022: £152,371). in addition £13,923 (2022: £13,923) was due from a company related by common Directorship.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M Davies by virtue of his 100% share holding in the issued share capital.