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Company No: 11452803 (England and Wales)

FRESNEL1823 LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2025
Pages for filing with the registrar

FRESNEL1823 LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2025

Contents

FRESNEL1823 LIMITED

COMPANY INFORMATION

For the financial year ended 31 May 2025
FRESNEL1823 LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 May 2025
DIRECTORS Nabil Ariss
Anne Carrance Ariss
REGISTERED OFFICE 22 Chancery Lane
London
WC2A 1LS
United Kingdom
COMPANY NUMBER 11452803 (England and Wales)
FRESNEL1823 LIMITED

BALANCE SHEET

As at 31 May 2025
FRESNEL1823 LIMITED

BALANCE SHEET (continued)

As at 31 May 2025
Note 2025 2024
£ £
Restated - note 2
Fixed assets
Tangible assets 4 209 467
Investments 5 1,365,422 940,139
1,365,631 940,606
Current assets
Debtors 6 19 0
Cash at bank and in hand 29,162 36,107
29,181 36,107
Creditors: amounts falling due within one year 7 ( 811,072) ( 397,332)
Net current liabilities (781,891) (361,225)
Total assets less current liabilities 583,740 579,381
Provision for liabilities 8 ( 21,608) ( 16,603)
Net assets 562,132 562,778
Capital and reserves
Called-up share capital 1,000 1,000
Profit and loss account 561,132 561,778
Total shareholders' funds 562,132 562,778

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Fresnel1823 Limited (registered number: 11452803) were approved and authorised for issue by the Board of Directors on 23 July 2025. They were signed on its behalf by:

Nabil Ariss
Director
FRESNEL1823 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
FRESNEL1823 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Fresnel1823 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Prior year adjustment

A prior year restatement has been made to recognise the shareholder loans which were previously reported as a directors loan. The restatement has been made to recognise balance sheet adjustments, relating to previous periods. This has increased shareholder loans by £491,781 (previously reported - £nil), and decreased other creditors by £391,781 (previously reported £394,931).

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided at amounts expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Prior year adjustment

As previously reported Adjustment As restated
Year ended 31 May 2024 £ £ £
Other creditors 391,781 0 391,781
Shareholder loans 0 391,781 391,781

3. Employees

2025 2024
Number Number
Monthly average number of persons employed by the company during the year, including directors 2 2

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 June 2024 4,747 4,747
At 31 May 2025 4,747 4,747
Accumulated depreciation
At 01 June 2024 4,280 4,280
Charge for the financial year 258 258
At 31 May 2025 4,538 4,538
Net book value
At 31 May 2025 209 209
At 31 May 2024 467 467

5. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 June 2024 940,139 940,139
Additions 1,721,632 1,721,632
Disposals ( 1,316,372) ( 1,316,372)
Movement in fair value 20,023 20,023
At 31 May 2025 1,365,422 1,365,422
Carrying value at 31 May 2025 1,365,422 1,365,422
Carrying value at 31 May 2024 940,139 940,139

6. Debtors

2025 2024
£ £
Corporation tax 19 0

7. Creditors: amounts falling due within one year

2025 2024
£ £
Shareholder loans (note 9) 406,651 391,781
Corporation tax 0 2,401
Other creditors 404,421 3,150
811,072 397,332

8. Deferred tax

2025 2024
£ £
At the beginning of financial year ( 16,603) 0
Charged to the Profit and Loss Account ( 5,005) ( 16,603)
At the end of financial year ( 21,608) ( 16,603)

9. Related party transactions

Transactions with owners holding a participating interest in the entity

2025 2024
£ £
Balance owed to the shareholder's 406,651 391,781

At the year end, the company owed the shareholder's £406,651 (2024: £391,781). The loan is interest free and repayable on demand.

Transactions with the entity's directors

2025 2024
£ £
Balance owed to the company directors 401,071 0

At the year end, the company owed the directors £401,071 (2024: £nil). The loan is interest free and repayable on demand.