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REGISTERED NUMBER: 12544272 (England and Wales)












Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Fresh Property Management (Essex) Ltd

Fresh Property Management (Essex) Ltd (Registered number: 12544272)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fresh Property Management (Essex) Ltd

Company Information
for the year ended 29 February 2024







DIRECTOR: Mr A Karlettis





REGISTERED OFFICE: Top Floor
Claridon House
London Road
Stanford le Hope
Essex
SS17 0JU





REGISTERED NUMBER: 12544272 (England and Wales)





ACCOUNTANTS: Vortex Accountants Limited
Top Floor
Claridon House
London Road
Stanford Le Hope
Essex
SS17 0JU

Fresh Property Management (Essex) Ltd (Registered number: 12544272)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 563,333 200,160

CURRENT ASSETS
Debtors 5 1,336 40,000
Cash at bank and in hand 2,696 13,992
4,032 53,992
CREDITORS
Amounts falling due within one year 6 143,032 162,217
NET CURRENT LIABILITIES (139,000 ) (108,225 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

424,333

91,935

CREDITORS
Amounts falling due after more than one
year

7

(264,018

)

-

PROVISIONS FOR LIABILITIES (9,169 ) (11,361 )
NET ASSETS 151,146 80,574

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 151,145 80,573
SHAREHOLDERS' FUNDS 151,146 80,574

The company is entitled to exemption from audit under Section 477 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.

Fresh Property Management (Essex) Ltd (Registered number: 12544272)

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.

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 17 October 2024 and were signed by:





Mr A Karlettis - Director


Fresh Property Management (Essex) Ltd (Registered number: 12544272)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Fresh Property Management (Essex) Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - Straight line over 5 years

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.

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 year 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.

3. EMPLOYEES AND DIRECTORS

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

Fresh Property Management (Essex) Ltd (Registered number: 12544272)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 March 2023 138,725 93,638 232,363
Additions 392,525 - 392,525
At 29 February 2024 531,250 93,638 624,888
DEPRECIATION
At 1 March 2023 5,549 26,654 32,203
Charge for year 10,625 18,727 29,352
At 29 February 2024 16,174 45,381 61,555
NET BOOK VALUE
At 29 February 2024 515,076 48,257 563,333
At 28 February 2023 133,176 66,984 200,160

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 40,000
VAT 1,336 -
1,336 40,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1 -
Tax 30,033 565
Other creditors 14,532 -
Directors' current accounts 96,431 158,652
Accrued expenses 2,035 3,000
143,032 162,217

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - mortgage 264,018 -

Fresh Property Management (Essex) Ltd (Registered number: 12544272)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans - mortgage 264,018 -