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REGISTERED NUMBER: 05399379 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

FREELAND REES ROBERTS LIMITED

FREELAND REES ROBERTS LIMITED (REGISTERED NUMBER: 05399379)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FREELAND REES ROBERTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: H J Freeland
G F Riley
E Marsden
T Gomez Duran
A Hobohm





REGISTERED OFFICE: 25 City Road
Cambridge
Cambridgeshire
CB1 1DP





REGISTERED NUMBER: 05399379 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

FREELAND REES ROBERTS LIMITED (REGISTERED NUMBER: 05399379)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 15,613 20,383

CURRENT ASSETS
Stocks 60,300 199,838
Debtors 6 237,379 203,729
Cash at bank and in hand 373,796 278,343
671,475 681,910
CREDITORS
Amounts falling due within one year 7 (161,972 ) (166,128 )
NET CURRENT ASSETS 509,503 515,782
TOTAL ASSETS LESS CURRENT LIABILITIES 525,116 536,165

PROVISIONS FOR LIABILITIES (3,477 ) (3,573 )
NET ASSETS 521,639 532,592

CAPITAL AND RESERVES
Called up share capital 8 160,000 160,000
Retained earnings 361,639 372,592
SHAREHOLDERS' FUNDS 521,639 532,592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FREELAND REES ROBERTS LIMITED (REGISTERED NUMBER: 05399379)

BALANCE SHEET - continued
30 APRIL 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2024 and were signed on its behalf by:





E Marsden - Director


FREELAND REES ROBERTS LIMITED (REGISTERED NUMBER: 05399379)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Freeland Rees Roberts 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises revenue recognised by the company in respect of architectural services supplied during the year, exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15%, 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


FREELAND REES ROBERTS LIMITED (REGISTERED NUMBER: 05399379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. ACCOUNTING POLICIES - continued
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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 16 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 2,856 12,171 34,912 188,733 238,672
Additions - - - 3,415 3,415
Disposals (2,856 ) (12,171 ) (14,343 ) (131,216 ) (160,586 )
At 30 April 2024 - - 20,569 60,932 81,501
DEPRECIATION
At 1 May 2023 2,856 11,203 32,786 171,444 218,289
Charge for year - 194 319 4,423 4,936
Eliminated on disposal (2,856 ) (11,397 ) (13,613 ) (129,471 ) (157,337 )
At 30 April 2024 - - 19,492 46,396 65,888
NET BOOK VALUE
At 30 April 2024 - - 1,077 14,536 15,613
At 30 April 2023 - 968 2,126 17,289 20,383

FREELAND REES ROBERTS LIMITED (REGISTERED NUMBER: 05399379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 223,261 189,828
Amounts owed by group undertakings - 2,838
Other debtors 14,118 11,063
237,379 203,729

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 14,332 10,183
Taxation and social security 128,368 136,598
Other creditors 19,272 19,347
161,972 166,128

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,600 Ordinary £100 160,000 160,000

9. OTHER FINANCIAL COMMITMENTS

During the year under review rent is paid at £57,084 for the year for the premises. This represents an ongoing lease of the premises.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date a balance of £14,743 (2023: £14,119) was owed to the directors and disclosed within other creditors. This balance bears no interest and is repayable on demand.

11. ULTIMATE PARENT PARTY

The Company is controlled by Freeland Rees Roberts (Holdings) Limited which in turn is ultimately controlled by an Employee Ownership Trust.