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Company No: 11452803 (England and Wales)

FRESNEL1823 LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

FRESNEL1823 LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

FRESNEL1823 LIMITED

COMPANY INFORMATION

For the financial year ended 31 May 2024
FRESNEL1823 LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 May 2024
DIRECTORS Nabil Ariss
Anne Carrance Ariss (Appointed 12 June 2023)
REGISTERED OFFICE 22 Chancery Lane
London
WC2A 1LS
United Kingdom
COMPANY NUMBER 11452803 (England and Wales)
FRESNEL1823 LIMITED

BALANCE SHEET

As at 31 May 2024
FRESNEL1823 LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 467 1,779
Investments 4 940,139 447,344
940,606 449,123
Current assets
Cash at bank and in hand 36,107 56,722
36,107 56,722
Creditors: amounts falling due within one year 5 ( 413,935) ( 7,164)
Net current (liabilities)/assets (377,828) 49,558
Total assets less current liabilities 562,778 498,681
Net assets 562,778 498,681
Capital and reserves
Called-up share capital 1,000 1,000
Profit and loss account 561,778 497,681
Total shareholders' funds 562,778 498,681

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Fresnel1823 Limited (registered number: 11452803) were approved and authorised for issue by the Board of Directors on 15 October 2024. They were signed on its behalf by:

Nabil Ariss
Director
FRESNEL1823 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
FRESNEL1823 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Fresnel1823 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided at amounts expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Fixed asset investments are recognised at cost less impairment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 2 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 June 2023 4,747 4,747
At 31 May 2024 4,747 4,747
Accumulated depreciation
At 01 June 2023 2,968 2,968
Charge for the financial year 1,312 1,312
At 31 May 2024 4,280 4,280
Net book value
At 31 May 2024 467 467
At 31 May 2023 1,779 1,779

4. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 June 2023 447,344 447,344
Additions 1,614,986 1,614,986
Disposals ( 1,183,706) ( 1,183,706)
Movement in fair value 61,515 61,515
At 31 May 2024 940,139 940,139
Carrying value at 31 May 2024 940,139 940,139
Carrying value at 31 May 2023 447,344 447,344

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 5,064
Taxation and social security 2,401 0
Other creditors 411,534 2,100
413,935 7,164

6. Deferred tax

2024 2023
£ £
At the beginning of financial year 0 0
Charged to the Profit and Loss Account ( 16,603) 0
At the end of financial year ( 16,603) 0