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REGISTERED NUMBER: 11734858 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Freshroast Holdings Limited

Freshroast Holdings Limited (Registered number: 11734858)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Freshroast Holdings Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Christopher John Brooking





REGISTERED OFFICE: Unit B Ainley Industrial Estate
Huddersfield Road
Elland
West Yorkshire
HX5 9JP





REGISTERED NUMBER: 11734858 (England and Wales)





ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR

Freshroast Holdings Limited (Registered number: 11734858)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 3 1,403,500 1,403,500

CREDITORS
Amounts falling due within one year 4 (553,500 ) (700,790 )
NET CURRENT LIABILITIES (553,500 ) (700,790 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

850,000

702,710

CREDITORS
Amounts falling due after more than one year 5 - (2,710 )
NET ASSETS 850,000 700,000

CAPITAL AND RESERVES
Called up share capital 6 15,000 15,000
Other reserves 685,000 685,000
Retained earnings 150,000 -
SHAREHOLDERS' FUNDS 850,000 700,000

Freshroast Holdings Limited (Registered number: 11734858)

Balance Sheet - continued
31 December 2023


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 director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2024 and were signed by:





Christopher John Brooking - Director


Freshroast Holdings Limited (Registered number: 11734858)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

GROUP ACCOUNTS NOT PREPARED
The company is part of a small group. The company has taken advantage of the exemption provided by Section 399 of the Companies Act 2006 and has not prepared group accounts.

INVESTMENTS IN SUBSIDIARIES
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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 balance sheet date.

BUSINESS COMBINATIONS
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

2. EMPLOYEES AND DIRECTORS

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

3. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 1,403,500
NET BOOK VALUE
At 31 December 2023 1,403,500
At 31 December 2022 1,403,500

Freshroast Holdings Limited (Registered number: 11734858)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2023 is represented by:

Shares in
group
undertakings
£   
Valuation in 2019 685,000
Cost 718,500
1,403,500

During the year 2019, 50% of the shares were acquired at market value. The remaining 50% of the shares have been uplifted to match the market value paid for the other 50% of the shares.

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:


Undertaking

Registered office

Holding
Proportion of voting rights
and shares held
2020 2021
Subsidiary undertakings
Freshroast Coffee Co Limited England and Wales Ordinary 100% 100%

The principal activity of Freshroast Coffee Co Limited is processing, packaging and marketing of coffee, tea and associated beverage ingredients.

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 550,790 668,270
Other creditors 2,710 32,520
553,500 700,790

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors - 2,710

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
15,000 Ordinary £ 1 15,000 15,000