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REGISTERED NUMBER: 04734530 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2024

for

James Freeman Limited

James Freeman Limited (Registered number: 04734530)






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


James Freeman Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: G Wilson





SECRETARY: G Wilson





REGISTERED OFFICE: 40 Main Street
Horkstow
Barton-upon-Humber
Lincolnshire
DN18 6BG





REGISTERED NUMBER: 04734530 (England and Wales)





ACCOUNTANTS: Try Lunn & Co
Chartered Accountants
Roland House
Princes Dock Street
Hull
HU1 2LD

James Freeman Limited (Registered number: 04734530)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 540,000 540,000

CURRENT ASSETS
Debtors 5 - 2,948
Cash at bank 5,632 3,317
5,632 6,265
CREDITORS
Amounts falling due within one year 6 13,590 148,625
NET CURRENT LIABILITIES (7,958 ) (142,360 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

532,042

397,640

CREDITORS
Amounts falling due after more than one
year

7

340,988

186,473
NET ASSETS 191,054 211,167

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 60,968 60,968
Retained earnings 10 129,986 150,099
SHAREHOLDERS' FUNDS 191,054 211,167

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 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.

James Freeman Limited (Registered number: 04734530)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 January 2025 and were signed by:





G Wilson - Director


James Freeman Limited (Registered number: 04734530)

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

1. STATUTORY INFORMATION

James Freeman 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rental income is is recognised when it is received.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 540,000
NET BOOK VALUE
At 30 April 2024 540,000
At 30 April 2023 540,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2014 968
Valuation in 2016 20,000
Valuation in 2018 40,000
Cost 479,032
540,000

James Freeman Limited (Registered number: 04734530)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 2,948

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,240 27,240
Trade creditors - 649
Taxation and social security - 4,817
Other creditors 1,350 115,919
13,590 148,625

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 87,109 186,473
Other creditors 253,879 -
340,988 186,473

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 20,534 39,799

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 99,349 213,713

Bank loans are secured by fixed charges over the properties to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100

James Freeman Limited (Registered number: 04734530)

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

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 May 2023 150,099 60,968 211,067
Deficit for the year (20,113 ) (20,113 )
At 30 April 2024 129,986 60,968 190,954

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 30 April 2024 the Company owed G Wilson - £253,879 (2023 - £114,658).

12. ULTIMATE CONTROLLING PARTY

The Company is controlled by G Wilson.