1 January 2023 false No description of principal activity Taxfiler 2024.5 01969506business:PrivateLimitedCompanyLtd2023-01-012023-12-31 019695062022-12-31 019695062023-01-012023-12-31 01969506business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 01969506business:FilletedAccounts2023-01-012023-12-31 019695062023-12-31 01969506business:Director12023-01-012023-12-31 01969506business:Director22023-01-012023-12-31 01969506business:CompanySecretary12023-01-012023-12-31 01969506business:RegisteredOffice2023-01-012023-12-31 019695062022-12-31 01969506core:WithinOneYear2023-12-31 01969506core:WithinOneYear2022-12-31 01969506core:AfterOneYear2023-12-31 01969506core:AfterOneYear2022-12-31 01969506core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 01969506core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 01969506core:RevaluationReservecore:PreviouslyStatedAmount2023-12-31 01969506core:RevaluationReservecore:PreviouslyStatedAmount2022-12-31 01969506core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 01969506core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 01969506core:PreviouslyStatedAmount2023-12-31 01969506core:PreviouslyStatedAmount2022-12-31 01969506business:SmallEntities2023-01-012023-12-31 01969506countries:EnglandWales2023-01-012023-12-31 01969506core:LandBuildings2022-12-31 01969506core:LandBuildings2023-12-31 01969506core:LandBuildings2023-01-012023-12-31 019695062022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 01969506 (England and Wales)
Freud Lemos Properties Limited Unaudited accounts for the year ended 31 December 2023
Freud Lemos Properties Limited Unaudited accounts Contents
Page
- 2 -
Freud Lemos Properties Limited Company Information for the year ended 31 December 2023
Directors
David Freud Naomi Freud
Secretary
Naomi Freud
Company Number
01969506 (England and Wales)
Registered Office
198 SHAFTESBURY AVENUE LONDON WC2H 8JL ENGLAND
- 3 -
Freud Lemos Properties Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,206,663 
2,226,868 
Current assets
Debtors
5,825 
5,529 
Creditors: amounts falling due within one year
(420)
(456)
Net current assets
5,405 
5,073 
Total assets less current liabilities
2,212,068 
2,231,941 
Creditors: amounts falling due after more than one year
(1,485,581)
(1,484,156)
Net assets
726,487 
747,785 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
2,115,060 
2,115,060 
Profit and loss account
(1,388,575)
(1,367,277)
Shareholders' funds
726,487 
747,785 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by
Naomi Freud Director Company Registration No. 01969506
- 4 -
Freud Lemos Properties Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Freud Lemos Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 01969506. The registered office is 198 SHAFTESBURY AVENUE, LONDON, WC2H 8JL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 January 2023
2,700,000 
At 31 December 2023
2,700,000 
Depreciation
At 1 January 2023
473,132 
Charge for the year
20,205 
At 31 December 2023
493,337 
Net book value
At 31 December 2023
2,206,663 
At 31 December 2022
2,226,868 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
5,825 
5,529 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Accruals
420 
456 
- 5 -
Freud Lemos Properties Limited Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,400,001 
1,400,001 
Amounts owed to group undertakings and other participating interests
85,580 
84,155 
1,485,581 
1,484,156 
8
Controlling party
The immediate parent undertaking of Freud Lemos Properties is Freud Lemos Limited. The ultimate parent company is David Freud Limited which is incorporated in the United Kingdom and controlled by Mr David and Mrs Naomi Freud.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 6 -