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REGISTERED NUMBER: 13261880 (England and Wales)












Freedom Warranties Ltd

Unaudited Financial Statements

for the Year Ended 30 April 2024






Freedom Warranties Ltd (Registered number: 13261880)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


Freedom Warranties Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: S R Newbery
J Colinswood





REGISTERED OFFICE: First Floor
The Gatehouse
Gatehouse Way
Aylesbury
Buckinghamshire
HP19 8DB





REGISTERED NUMBER: 13261880 (England and Wales)





ACCOUNTANTS: Clarkson Cleaver & Bowes Ltd
8a Wingbury Courtyard
Business Village
Wingrave
Buckinghamshire
HP22 4LW

Freedom Warranties Ltd (Registered number: 13261880)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 174,625 130,273
Cash at bank 325 3,431
174,950 133,704
CREDITORS
Amounts falling due within one
year

5

209,669

166,790
NET CURRENT LIABILITIES (34,719 ) (33,086 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(34,719

)

(33,086

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (34,720 ) (33,087 )
(34,719 ) (33,086 )

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.

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 Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





J Colinswood - Director


Freedom Warranties Ltd (Registered number: 13261880)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Freedom Warranties 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 represents the invoiced value of the sale of warranty policies and is shown net of VAT.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement.

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 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 and that are expected to apply to the reversal of the timing difference.

Current or deferred taxation liabilities are not discounted.

Going concern
At the time of approving the financial statements the Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

The company has the support of the holding company, Warranty Solutions Group Ltd. The holding company is funded by a mixture of share capital and working capital loans from directors and the directors have expressed their intention to continue to support the working capital requirements of the group.

The Directors therefore consider it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

Freedom Warranties Ltd (Registered number: 13261880)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,656 5,559
Amounts owed by group undertakings 165,969 124,447
Other debtors - 267
174,625 130,273

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,153 -
Other creditors 207,516 166,790
209,669 166,790

Included in other creditors due inside one year is an amount of £188,473 (2023: £154,702) which is owed to the holding company, Warranty Solutions Group Ltd.

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Warranty Solutions Group Limited, a company registered in the United Kingdom.