Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-02-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activityfalsetruefalse3false 14630493 2023-01-31 14630493 2023-02-01 2024-03-31 14630493 2022-02-01 2023-01-31 14630493 2024-03-31 14630493 c:Director1 2023-02-01 2024-03-31 14630493 d:CurrentFinancialInstruments 2024-03-31 14630493 d:Non-currentFinancialInstruments 2024-03-31 14630493 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14630493 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 14630493 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 14630493 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 14630493 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 14630493 d:ShareCapital 2023-02-01 2024-03-31 14630493 d:ShareCapital 2024-03-31 14630493 d:RetainedEarningsAccumulatedLosses 2023-02-01 2024-03-31 14630493 d:RetainedEarningsAccumulatedLosses 2024-03-31 14630493 c:FRS102 2023-02-01 2024-03-31 14630493 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-03-31 14630493 c:FullAccounts 2023-02-01 2024-03-31 14630493 c:PrivateLimitedCompanyLtd 2023-02-01 2024-03-31 14630493 2 2023-02-01 2024-03-31 14630493 6 2023-02-01 2024-03-31 14630493 e:PoundSterling 2023-02-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 14630493










FRESH ERAS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
FRESH ERAS LIMITED
REGISTERED NUMBER: 14630493

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

Fixed assets
  

Investments
 4 
1,072,040

  
1,072,040

Current assets
  

Debtors: amounts falling due within one year
 5 
501

Cash at bank and in hand
  
2,003

  
2,504

Creditors: amounts falling due within one year
 6 
(72,001)

Net current (liabilities)/assets
  
 
 
(69,497)

Total assets less current liabilities
  
1,002,543

Creditors: amounts falling due after more than one year
 7 
(386,071)

  

Net assets
  
616,472


Capital and reserves
  

Called up share capital 
  
4,470

Profit and loss account
  
612,002

  
616,472


The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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: 


Page 1

 
FRESH ERAS LIMITED
REGISTERED NUMBER: 14630493
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

S Davison
Director

Date: 28 October 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
FRESH ERAS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period

-
612,002
612,002


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
612,002
612,002


Contributions by and distributions to owners

Shares issued during the period
4,470
-
4,470


Total transactions with owners
4,470
-
4,470


At 31 March 2024
4,470
612,002
616,472

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
FRESH ERAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Fresh Eras Limited is a private company limited by shares and incorporated in England and Wales, registration number 14630493. The registered office is Providence Court, 105 Denmark Street, Diss IP22 4WN.

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 financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Borrowing costs

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

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

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.

Page 4

 
FRESH ERAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

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.


3.


Employees




The average monthly number of employees, including directors, during the period was 3.


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
1,072,040



At 31 March 2024
1,072,040





5.


Debtors

2024
£


Other debtors
501

501


Page 5

 
FRESH ERAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
£

Debenture loans
72,000

Corporation tax
1

72,001


The following liabilities were secured:

2024
£



Debenture loans
72,000

72,000

Details of security provided:

The loan notes are secured by way of a debenture over the assets of Eras Ltd, a company over which Fresh Eras Limited has ultimate control.

Page 6

 
FRESH ERAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due after more than one year

2024
£

Debentures loans
386,071

386,071


The following liabilities were secured:

2024
£



Debanture loans
386,071

386,071

Details of security provided:

The loan notes are secured by way of a debenture over the assets of Eras Ltd, a company over which Fresh Eras Limited has ultimate control.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2024
£


Repayable by instalments
98,071

98,071

Amounts due more than 5 years after the balance sheet date are repayable at a rate of £6,000 per month plus interest at between 8% and 8.5% above bank base rate.

Page 7

 
FRESH ERAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
£

Amounts falling due within one year

Debenture loans
72,000


72,000

Amounts falling due 1-2 years

Debenture loans
72,000


72,000

Amounts falling due 2-5 years

Debenture loans
216,000


216,000

Amounts falling due after more than 5 years

Debenture loans
98,071

98,071

458,071


 
Page 8