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REGISTERED NUMBER: 01139822 (England and Wales)














Freyer Wilson Estates Limited

Unaudited Financial Statements

For The Year Ended 29 February 2024






Freyer Wilson Estates Limited (Registered number: 01139822)






Contents of the Financial Statements
For The Year Ended 29 February 2024




Page

Company Information 1

Chartered Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


Freyer Wilson Estates Limited

Company Information
For The Year Ended 29 February 2024







DIRECTOR: J W Senior



SECRETARY: Mrs N J Senior



REGISTERED OFFICE: 2 West Parade Road
Scarborough
North Yorkshire
YO12 5ED



REGISTERED NUMBER: 01139822 (England and Wales)



ACCOUNTANTS: Ingham & Co.
Chartered Accountants
George Stanley House
2 West Parade Road
Scarborough
North Yorkshire
YO12 5ED



BANKERS: National Westminster Bank Plc
3 Westborough
Scarborough
North Yorkshire
YO11 2GA



SOLICITORS: Tubbs & Co
106 Victoria Road
Scarborough
North Yorkshire
YO11 1SL

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Freyer Wilson Estates Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Freyer Wilson Estates Limited for the year ended 29 February 2024 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Freyer Wilson Estates Limited in accordance with the terms of our engagement letter dated 26 November 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Freyer Wilson Estates Limited and state those matters that we have agreed to state to the director of Freyer Wilson Estates Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Freyer Wilson Estates Limited and its director for our work or for this report.

It is your duty to ensure that Freyer Wilson Estates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Freyer Wilson Estates Limited. You consider that Freyer Wilson Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Freyer Wilson Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ingham & Co.
Chartered Accountants
George Stanley House
2 West Parade Road
Scarborough
North Yorkshire
YO12 5ED


28 November 2024

Freyer Wilson Estates Limited (Registered number: 01139822)

Abridged Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85,721 74,934
Investments 5 139,449 139,449
225,170 214,383

CURRENT ASSETS
Debtors 360,868 399,478
Cash at bank and in hand 16,516 17,622
377,384 417,100
CREDITORS
Amounts falling due within one year 67,561 70,971
NET CURRENT ASSETS 309,823 346,129
TOTAL ASSETS LESS CURRENT
LIABILITIES

534,993

560,512

CREDITORS
Amounts falling due after more than one
year

(13,334

)

(23,333

)

PROVISIONS FOR LIABILITIES - (1,027 )
NET ASSETS 521,659 536,152

CAPITAL AND RESERVES
Called up share capital 600 600
Share premium 138,949 138,949
Retained earnings 382,110 396,603
SHAREHOLDERS' FUNDS 521,659 536,152

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Freyer Wilson Estates Limited (Registered number: 01139822)

Abridged Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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





J W Senior - Director


Freyer Wilson Estates Limited (Registered number: 01139822)

Notes to the Financial Statements
For The Year Ended 29 February 2024

1. STATUTORY INFORMATION

Freyer Wilson Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents sales of goods and rents receivable on leasehold properties, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, was amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - Straight line over the term of the lease
Fixtures and fittings - 25% on cost and 10% on reducing balance
Computer equipment - 33% on cost

No depreciation has been provided in the financial statements in respect of Freehold Property, as the Director considers this to be immaterial, given the high estimated residual value of the properties.

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.

Fixed asset investments
Fixed asset investments are stated at cost less any provision for diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Freyer Wilson Estates Limited (Registered number: 01139822)

Notes to the Financial Statements - continued
For The Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 265,399
Additions 16,229
At 29 February 2024 281,628
DEPRECIATION
At 1 March 2023 190,465
Charge for year 5,442
At 29 February 2024 195,907
NET BOOK VALUE
At 29 February 2024 85,721
At 28 February 2023 74,934

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 March 2023
and 29 February 2024 139,449
NET BOOK VALUE
At 29 February 2024 139,449
At 28 February 2023 139,449