Company registration number 12009642 (England and Wales)
FREESIA INTERNATIONAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
FREESIA INTERNATIONAL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
FREESIA INTERNATIONAL LIMITED (REGISTERED NUMBER: 12009642)
BALANCE SHEET
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
731,430
593,375
Cash at bank and in hand
5,455
28,108
736,885
621,483
Creditors: amounts falling due within one year
4
(943,109)
(823,412)
Net current liabilities
(206,224)
(201,929)
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
(206,324)
(202,029)
Total equity
(206,224)
(201,929)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 5 February 2025 and are signed on its behalf by:
P Capelen
Director
FREESIA INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 2 -
1
Accounting policies
Company information
Freesia International Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, 399-401 Strand, London, United Kingdom, WC2R 0LT.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet 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. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
1.4
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
6
6
FREESIA INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 3 -
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
364,172
Other debtors
367,258
593,375
731,430
593,375
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
21,283
Other creditors
921,826
823,412
943,109
823,412
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
6
Related party transactions
Included in other creditors are amounts totalling £110,877 (2023: £110,877) owed to a company under common control.
Included in other creditors are amounts totalling £324,592 (2023: £Nil) owed to the parent company.
Included in other creditors are amounts totalling £440,591 (2023: £544,017) owed to a company with common directors.
Included in other debtors is an amount of £229,882 (2023: £231,696) owed from a company under common control.
During the year, the company made recharges totalling £364,172 (2023: £284,663) to the UK branch of its parent company.
7
Parent company
The parent company is Pinedell Finance LLC, a entity incorporated in the United States.