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REGISTERED NUMBER: 10585435 (England and Wales)













FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024

FOR

FRESH ESCAPES LIMITED

FRESH ESCAPES LIMITED (REGISTERED NUMBER: 10585435)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRESH ESCAPES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024







DIRECTORS: Mrs F Gardner
Mr J B Gardner



REGISTERED OFFICE: Dean Clarke House
Southernhay East
Exeter
Devon
EX1 1AP



REGISTERED NUMBER: 10585435 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Arbuthnot Latham
Arbuthnot House
7 Wilson Street
London
EC2M 2SN

FRESH ESCAPES LIMITED (REGISTERED NUMBER: 10585435)

BALANCE SHEET
31 MARCH 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,925 -
Tangible assets 5 20,039 19,613
Investments 6 225,975 225,975
249,939 245,588

CURRENT ASSETS
Debtors 7 14,638 4,406
Cash at bank 124,807 134,930
139,445 139,336
CREDITORS
Amounts falling due within one year 8 259,868 211,832
NET CURRENT LIABILITIES (120,423 ) (72,496 )
TOTAL ASSETS LESS CURRENT LIABILITIES 129,516 173,092

PROVISIONS FOR LIABILITIES 1,658 740
NET ASSETS 127,858 172,352

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 127,857 172,351
SHAREHOLDERS' FUNDS 127,858 172,352

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

FRESH ESCAPES LIMITED (REGISTERED NUMBER: 10585435)

BALANCE SHEET - continued
31 MARCH 2024


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 30 September 2024 and were signed on its behalf by:





Mrs F Gardner - Director


FRESH ESCAPES LIMITED (REGISTERED NUMBER: 10585435)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Fresh Escapes 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the period 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.

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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

FRESH ESCAPES LIMITED (REGISTERED NUMBER: 10585435)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Software
£   
COST
Additions 5,888
At 31 March 2024 5,888
AMORTISATION
Amortisation for period 1,963
At 31 March 2024 1,963
NET BOOK VALUE
At 31 March 2024 3,925

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 - 32,330 5,136 37,466
Additions 4,971 317 5,173 10,461
At 31 March 2024 4,971 32,647 10,309 47,927
DEPRECIATION
At 1 December 2022 - 15,832 2,021 17,853
Charge for period 994 5,605 3,436 10,035
At 31 March 2024 994 21,437 5,457 27,888
NET BOOK VALUE
At 31 March 2024 3,977 11,210 4,852 20,039
At 30 November 2022 - 16,498 3,115 19,613

FRESH ESCAPES LIMITED (REGISTERED NUMBER: 10585435)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2022
and 31 March 2024 225,975
NET BOOK VALUE
At 31 March 2024 225,975
At 30 November 2022 225,975

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 1,224 -
Amounts owed by associates - 4,160
Other debtors - 246
Directors' current accounts 13,414 -
14,638 4,406

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts - 1
Trade creditors 11 15,367
Amounts owed to associates 60,647 50,289
Tax 34,042 21,948
VAT 6,944 600
Other creditors 156,334 120,820
Directors' current accounts - 912
Accrued expenses 1,890 1,895
259,868 211,832

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 March 2024 and the year ended 30 November 2022:

2024 2022
£    £   
Mrs F Gardner
Balance outstanding at start of period (456 ) (22,115 )
Amounts advanced 144,224 82,211
Amounts repaid (137,061 ) (60,552 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 6,707 (456 )

FRESH ESCAPES LIMITED (REGISTERED NUMBER: 10585435)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr J B Gardner
Balance outstanding at start of period (456 ) (113 )
Amounts advanced 79,878 70,518
Amounts repaid (72,715 ) (70,861 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 6,707 (456 )

Loans are unsecured, interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

During the period, total dividends of £142,000 (2022 - £114,000) were paid to the directors .

During the year, the company rented the directors personal residence under a Licence to Occupy agreement for £1,029.

During the period the company repaid Fresh Move Ltd, a company Mr James Gardner & Mrs Fiona Gardner are also Directors of, an amount of £570 (2022: £Nil). The amount owing to Fresh Move Ltd relating to this loan at the period end, is £49,719 (2022: £50,289).

The company also borrowed an amount of £15,087 from Dart Valley Cottages Ltd during the period, a company that is 100% owned by Fresh Escapes Limited, an amount of £10,928 was owed to Dart Valley Cottages Ltd at the period end (2022: £4,160 lent to the company).

The loans are unsecured, interest free and repayable on demand.