Company No:
Contents
| DIRECTORS | Nabil Ariss |
| Anne Carrance Ariss |
| REGISTERED OFFICE | 22 Chancery Lane |
| London | |
| WC2A 1LS | |
| United Kingdom |
| COMPANY NUMBER | 11452803 (England and Wales) |
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Restated - note 2 | ||||
| Fixed assets | ||||
| Tangible assets | 4 |
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| Investments | 5 |
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| 1,365,631 | 940,606 | |||
| Current assets | ||||
| Debtors | 6 |
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| Cash at bank and in hand |
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| 29,181 | 36,107 | |||
| Creditors: amounts falling due within one year | 7 | (
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| Net current liabilities | (781,891) | (361,225) | ||
| Total assets less current liabilities | 583,740 | 579,381 | ||
| Provision for liabilities | 8 | (
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| Net assets |
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| Capital and reserves | ||||
| Called-up share capital |
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| Profit and loss account |
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| Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Fresnel1823 Limited (registered number:
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Nabil Ariss
Director |
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.
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 £.
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.
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).
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.
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.
| Plant and machinery etc. |
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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.
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.
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 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.
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.
| 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 |
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the company during the year, including directors |
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| Plant and machinery etc. | Total | ||
| £ | £ | ||
| Cost | |||
| At 01 June 2024 |
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| At 31 May 2025 |
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| Accumulated depreciation | |||
| At 01 June 2024 |
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| Charge for the financial year |
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| At 31 May 2025 |
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| Net book value | |||
| At 31 May 2025 | 209 | 209 | |
| At 31 May 2024 | 467 | 467 |
| Other investments | Total | ||
| £ | £ | ||
| Cost or valuation before impairment | |||
| At 01 June 2024 |
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| Additions |
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| Disposals | (
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| Movement in fair value |
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| At 31 May 2025 |
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| Carrying value at 31 May 2025 |
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| Carrying value at 31 May 2024 |
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| 2025 | 2024 | ||
| £ | £ | ||
| Corporation tax |
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| 2025 | 2024 | ||
| £ | £ | ||
| Shareholder loans (note 9) |
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| Corporation tax |
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| Other creditors |
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| 2025 | 2024 | ||
| £ | £ | ||
| At the beginning of financial year | (
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| Charged to the Profit and Loss Account | (
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| At the end of financial year | (
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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.