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REGISTERED NUMBER: 10519540 (England and Wales)















Pure Freeze Dry Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Pure Freeze Dry Limited (Registered number: 10519540)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pure Freeze Dry Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: MJ Harvey
SL Palmer





SECRETARY: MJ Harvey





REGISTERED OFFICE: High Fold, Mount Pleasant
Arnside
Carnforth
LA5 0EW





REGISTERED NUMBER: 10519540 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Pure Freeze Dry Limited (Registered number: 10519540)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 85,603 85,603
85,603 85,603

CURRENT ASSETS
Debtors 6 75,020 75,759
Cash at bank 16,744 18,498
91,764 94,257
CREDITORS
Amounts falling due within one year 7 8,953 9,754
NET CURRENT ASSETS 82,811 84,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,414

170,106

CAPITAL AND RESERVES
Called up share capital 8 190,001 190,001
Retained earnings (21,587 ) (19,895 )
SHAREHOLDERS' FUNDS 168,414 170,106

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

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

Pure Freeze Dry Limited (Registered number: 10519540)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 July 2024 and were signed on its behalf by:





MJ Harvey - Director


Pure Freeze Dry Limited (Registered number: 10519540)

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

1. STATUTORY INFORMATION

Pure Freeze Dry 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 (£).


The amounts in the financial statements have been rounded to the nearest £1.

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.

Intellectual property are being amortised evenly over their estimated useful life of two 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 - Over the term of the lease

Depreciation is only charged on assets when brought in to use.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Pure Freeze Dry Limited (Registered number: 10519540)

Notes to the Financial Statements - continued
for the year ended 31 December 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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Intellectual
property
£
COST
At 1 January 2023
and 31 December 2023 3,000
AMORTISATION
At 1 January 2023
and 31 December 2023 3,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 January 2023
and 31 December 2023 114,945
DEPRECIATION
At 1 January 2023
and 31 December 2023 29,342
NET BOOK VALUE
At 31 December 2023 85,603
At 31 December 2022 85,603

Pure Freeze Dry Limited (Registered number: 10519540)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed by participating interests 75,000 75,000
VAT 20 759
75,020 75,759

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed to participating interests 15 15
Other creditors 8,138 8,139
Accrued expenses 800 1,600
8,953 9,754

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1,900,011 Ordinary 0.1 190,001 190,001

9. RELATED PARTY DISCLOSURES

In the opinion of the directors, the shareholders as a body control the company although no one individual shareholder has overall control of the company.

There is a loan of £75,000 to Pure Freeze Dry USA, a company over which S Palmer has significant control. The loan is interest free and there are no fixed repayment terms.