Registered number
14339330
Fresh Horizon Property Limited
Filleted Accounts
30 September 2024
Fresh Horizon Property Limited
Registered number: 14339330
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 263,736 -
263,736 -
Current assets
Cash at bank and in hand 23,244 358
23,244 358
Creditors: amounts falling due within one year 4 (540) (315)
Net current assets 22,704 43
Total assets less current liabilities 286,440 43
Creditors: amounts falling due after more than one year 5 (363,738) (73,000)
Net liabilities (77,298) (72,957)
Capital and reserves
Called up share capital 100 100
Profit and loss account (77,398) (73,057)
Shareholders' funds (77,298) (72,957)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Edward George Taylor
Director
Approved by the board on 9 June 2025
Fresh Horizon Property Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term 999 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 - - - -
Additions 264,000 - - 264,000
Surplus on revaluation - - - -
Disposals - - - -
At 30 September 2024 264,000 - - 264,000
Depreciation
At 1 October 2023 - - - -
Charge for the year 264 - - 264
Surplus on revaluation - - - -
On disposals - - - -
At 30 September 2024 264 - - 264
Net book value
At 30 September 2024 263,736 - - 263,736
At 30 September 2023 - - - -
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 540 315
540 315
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 128,205 -
Director's account 175,033 -
Interbacs Limited 60,500 73,000
363,738 73,000
6 Related party transactions
Included in creditors is a loan of £60,500 from Interbacs Limited, a company which the
directors Edward George Taylor and Hao He have interest in.
7 Controlling party
The company is controlled by Edward George Taylor (50%) and Hao He (50%).
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