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Company Registration No. 15111552 (England and Wales)
Freestone Limited Unaudited accounts for the period from 4 September 2023 to 30 September 2024
Freestone Limited Unaudited accounts Contents
Page
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Freestone Limited Company Information for the period from 4 September 2023 to 30 September 2024
Directors
Emma Middleton James Middleton
Company Number
15111552 (England and Wales)
Registered Office
Studio 1 High Warden Hexham Northumberland NE46 4SR England
Accountants
Harris 21 Ltd The Core Newcastle Helix Newcastle Upon Tyne NE4 5TF
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Freestone Limited Statement of financial position as at 30 September 2024
2024 
Notes
£ 
Fixed assets
Intangible assets
2,176 
Tangible assets
37,796 
39,972 
Current assets
Inventories
4,000 
Debtors
2,689 
Cash at bank and in hand
45,338 
52,027 
Creditors: amounts falling due within one year
(29,504)
Net current assets
22,523 
Total assets less current liabilities
62,495 
Creditors: amounts falling due after more than one year
(78,228)
Net liabilities
(15,733)
Capital and reserves
Called up share capital
100 
Profit and loss account
(15,833)
Shareholders' funds
(15,733)
For the period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 June 2025 and were signed on its behalf by
Emma Middleton Director Company Registration No. 15111552
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Freestone Limited Notes to the Accounts for the period from 4 September 2023 to 30 September 2024
1
Statutory information
Freestone Limited is a private company, limited by shares, registered in England and Wales, registration number 15111552. The registered office is Studio 1, High Warden, Hexham, Northumberland, NE46 4SR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the period from 4 September 2023 to 30 September 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 4 September 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 years
Computer equipment
3 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 4 September 2023
- 
Additions
2,320 
At 30 September 2024
2,320 
Amortisation
At 4 September 2023
- 
Charge for the period
144 
At 30 September 2024
144 
Net book value
At 30 September 2024
2,176 
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Freestone Limited Notes to the Accounts for the period from 4 September 2023 to 30 September 2024
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 4 September 2023
- 
- 
- 
Additions
37,469 
6,107 
43,576 
At 30 September 2024
37,469 
6,107 
43,576 
Depreciation
Charge for the period
4,963 
817 
5,780 
At 30 September 2024
4,963 
817 
5,780 
Net book value
At 30 September 2024
32,506 
5,290 
37,796 
6
Debtors
2024 
£ 
Amounts falling due within one year
Accrued income and prepayments
2,059 
Amounts falling due after more than one year
Trade debtors
630 
7
Creditors: amounts falling due within one year
2024 
£ 
Bank loans and overdrafts
2,285 
VAT
24,946 
Taxes and social security
873 
Accruals
1,400 
29,504 
8
Creditors: amounts falling due after more than one year
2024 
£ 
Loans from directors
78,228 
9
Average number of employees
During the period the average number of employees was 12.
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