Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 11349142 Mr Ke Vin Lee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11349142 2023-05-31 11349142 2024-05-31 11349142 2023-06-01 2024-05-31 11349142 frs-core:CurrentFinancialInstruments 2024-05-31 11349142 frs-core:ShareCapital 2024-05-31 11349142 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11349142 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11349142 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11349142 frs-bus:SmallEntities 2023-06-01 2024-05-31 11349142 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11349142 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11349142 frs-core:UnlistedNon-exchangeTraded 2024-05-31 11349142 frs-core:UnlistedNon-exchangeTraded 2023-05-31 11349142 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-05-31 11349142 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-05-31 11349142 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-05-31 11349142 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-05-31 11349142 frs-bus:Director1 2023-06-01 2024-05-31 11349142 frs-countries:EnglandWales 2023-06-01 2024-05-31 11349142 2022-05-31 11349142 2023-05-31 11349142 2022-06-01 2023-05-31 11349142 frs-core:CurrentFinancialInstruments 2023-05-31 11349142 frs-core:ShareCapital 2023-05-31 11349142 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 11349142
Freedom UK Investment Ltd
Financial Statements
For The Year Ended 31 May 2024
Michael Stuart Associates Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11349142
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 10 10
10 10
CURRENT ASSETS
Debtors 5 187,454 187,454
Cash at bank and in hand 13,323 4,842
200,777 192,296
Creditors: Amounts Falling Due Within One Year 6 (180,164 ) (177,704 )
NET CURRENT ASSETS (LIABILITIES) 20,613 14,592
TOTAL ASSETS LESS CURRENT LIABILITIES 20,623 14,602
NET ASSETS 20,623 14,602
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 20,523 14,502
SHAREHOLDERS' FUNDS 20,623 14,602
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ke Vin Lee
Director
26/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Freedom UK Investment Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11349142 . The registered office is C/O Michael Stuart Associates, Suite F4 The Business centre, Templewood Estate, Stock Road, Essex, CM2 8LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investments
Unlisted
£
Cost
As at 1 June 2023 10
As at 31 May 2024 10
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 10
As at 1 June 2023 10
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 538 538
Other debtors 186,916 186,916
187,454 187,454
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 2,088 777
Other creditors - 1
Accruals and deferred income 1,580 892
Director's loan account 176,496 176,034
180,164 177,704
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4