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
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
Freestone Limited
Statement of financial position
as at 30 September 2024
Cash at bank and in hand
45,338
Creditors: amounts falling due within one year
(29,504)
Total assets less current liabilities
62,495
Creditors: amounts falling due after more than one year
(78,228)
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
Freestone Limited
Notes to the Accounts
for the period from 4 September 2023 to 30 September 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 30 September 2024
2,320
At 30 September 2024
2,176
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
Additions
37,469
6,107
43,576
At 30 September 2024
37,469
6,107
43,576
Charge for the period
4,963
817
5,780
At 30 September 2024
4,963
817
5,780
At 30 September 2024
32,506
5,290
37,796
Amounts falling due within one year
Accrued income and prepayments
2,059
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
Bank loans and overdrafts
2,285
Taxes and social security
873
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.