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REGISTERED NUMBER: 01471658 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FRESHFIELD PROPERTIES LIMITED

FRESHFIELD PROPERTIES LIMITED (REGISTERED NUMBER: 01471658)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


FRESHFIELD PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: P A Gooch
R B Donaldson





REGISTERED OFFICE: 125 Barnhorn Road
Bexhill-on-Sea
East Sussex
TN39 4QE





REGISTERED NUMBER: 01471658 (England and Wales)






FRESHFIELD PROPERTIES LIMITED (REGISTERED NUMBER: 01471658)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 68 257
Investments 5 68,910 62,641
Investment property 6 16,726 16,726
85,704 79,624

CURRENT ASSETS
Inventories 2,976 5,771
Debtors 7 (2 ) (20 )
Cash at bank 1,197 20,497
4,171 26,248
CREDITORS
Amounts falling due within one year 8 (11,294 ) (17,439 )
NET CURRENT (LIABILITIES)/ASSETS (7,123 ) 8,809
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,581

88,433

CAPITAL AND RESERVES
Called up share capital 10,500 10,500
Revaluation reserve 9 9,233 9,233
Retained earnings 58,848 68,700
SHAREHOLDERS' FUNDS 78,581 88,433

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.

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 18 September 2024 and were signed on its behalf by:



P A Gooch - Director


FRESHFIELD PROPERTIES LIMITED (REGISTERED NUMBER: 01471658)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Freshfield Properties 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
Revenue 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 - 33.33% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33.33% 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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).

FRESHFIELD PROPERTIES LIMITED (REGISTERED NUMBER: 01471658)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 1,834
DEPRECIATION
At 1 January 2023 1,577
Charge for year 189
At 31 December 2023 1,766
NET BOOK VALUE
At 31 December 2023 68
At 31 December 2022 257

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023 62,641
Additions 20,749
Disposals (14,480 )
At 31 December 2023 68,910
NET BOOK VALUE
At 31 December 2023 68,910
At 31 December 2022 62,641

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 16,726
NET BOOK VALUE
At 31 December 2023 16,726
At 31 December 2022 16,726

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2003 9,233
Cost 7,493
16,726

FRESHFIELD PROPERTIES LIMITED (REGISTERED NUMBER: 01471658)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. INVESTMENT PROPERTY - continued

If leasehold properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 7,493 7,493

Leasehold property was valued on an open market basis on 31 December 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors (2 ) -
Other debtors - (20 )
(2 ) (20 )

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 5,346
Other creditors 11,294 12,093
11,294 17,439

9. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 9,233