Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31false2023-02-01No description of principal activity12falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12423912 2023-02-01 2024-01-31 12423912 2022-02-01 2023-01-31 12423912 2024-01-31 12423912 2023-01-31 12423912 c:Director1 2023-02-01 2024-01-31 12423912 d:Buildings d:LongLeaseholdAssets 2023-02-01 2024-01-31 12423912 d:Buildings d:LongLeaseholdAssets 2024-01-31 12423912 d:Buildings d:LongLeaseholdAssets 2023-01-31 12423912 d:FurnitureFittings 2023-02-01 2024-01-31 12423912 d:FurnitureFittings 2024-01-31 12423912 d:FurnitureFittings 2023-01-31 12423912 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12423912 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12423912 d:CurrentFinancialInstruments 2024-01-31 12423912 d:CurrentFinancialInstruments 2023-01-31 12423912 d:Non-currentFinancialInstruments 2024-01-31 12423912 d:Non-currentFinancialInstruments 2023-01-31 12423912 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 12423912 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12423912 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 12423912 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 12423912 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-01-31 12423912 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-01-31 12423912 d:ShareCapital 2024-01-31 12423912 d:ShareCapital 2023-01-31 12423912 d:RetainedEarningsAccumulatedLosses 2024-01-31 12423912 d:RetainedEarningsAccumulatedLosses 2023-01-31 12423912 c:FRS102 2023-02-01 2024-01-31 12423912 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12423912 c:FullAccounts 2023-02-01 2024-01-31 12423912 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12423912 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 12423912









FREEDOM FUTURES LIMITED







Unaudited

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
FREEDOM FUTURES LIMITED
REGISTERED NUMBER: 12423912

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
263,050
265,536

  
263,050
265,536

Current assets
  

Cash at bank and in hand
 5 
4,639
10,235

  
4,639
10,235

Creditors: amounts falling due within one year
 6 
(115,242)
(123,829)

Net current liabilities
  
 
 
(110,603)
 
 
(113,594)

Total assets less current liabilities
  
152,447
151,942

Creditors: amounts falling due after more than one year
 7 
(183,629)
(183,629)

  

Net liabilities
  
(31,182)
(31,687)


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
(31,192)
(31,697)

Total equity
  
(31,182)
(31,687)


Page 1

 
FREEDOM FUTURES LIMITED
REGISTERED NUMBER: 12423912
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Marks
Director

Date: 5 September 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
FREEDOM FUTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Freedom Futures Limited is a private company limited by shares. The company is incorporaed in England and Wales and its registered office is 59 Ashburnham Place, London, SE10 8UG. The company registration number is 12423912.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director and shareholder will continue supporting the company to meet its working capital requirement and obligations. On this basis the director and shareholder consider it appropriate to prepare the financial statement on a going concern basis.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
FREEDOM FUTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 4

 
FREEDOM FUTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 2).


4.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 February 2023
255,597
13,251
268,848



At 31 January 2024

255,597
13,251
268,848



Depreciation


At 1 February 2023
-
3,312
3,312


Charge for the year on owned assets
-
2,486
2,486



At 31 January 2024

-
5,798
5,798



Net book value



At 31 January 2024
255,597
7,453
263,050



At 31 January 2023
255,597
9,939
265,536


5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
4,639
10,235


Page 5

 
FREEDOM FUTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
108,243
109,519

Accruals and deferred income
6,999
14,310

115,242
123,829



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
183,629
183,629



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
183,629
183,629


 
Page 6