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REGISTERED NUMBER: 07182185 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

DE FREITAS & CO. ACCOUNTANTS LIMITED
DE FREITAS & CO. ACCOUNTANTS LIMITED (REGISTERED NUMBER: 07182185)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2025










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DE FREITAS & CO. ACCOUNTANTS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2025







DIRECTOR: Ann Elizabeth de Freitas





SECRETARY: Francis de Freitas





REGISTERED OFFICE: 39 Berwyn Road
Richmond
Surrey
TW10 5BU





REGISTERED NUMBER: 07182185 (England and Wales)





1
DE FREITAS & CO. ACCOUNTANTS LIMITED (REGISTERED NUMBER: 07182185)

STATEMENT OF FINANCIAL POSITION
31 March 2025

2025 2024
Notes £    £   
CURRENT ASSETS
Stocks 6 3,477 4,063
Debtors 7 25,200 36,804
Investments 8 - 226,942
Cash at bank 416,616 126,010
445,293 393,819
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR
9
56,074
42,029
NET CURRENT ASSETS 389,219 351,790
TOTAL ASSETS LESS CURRENT
LIABILITIES
389,219
351,790

PROVISIONS FOR LIABILITIES 10 - 7,172
NET ASSETS 389,219 344,618

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 389,119 344,518
SHAREHOLDERS' FUNDS 389,219 344,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes on pages 4 to 7 form part of these financial statements

2
DE FREITAS & CO. ACCOUNTANTS LIMITED (REGISTERED NUMBER: 07182185)

STATEMENT OF FINANCIAL POSITION - continued
31 March 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2025 and were signed by:





Ann Elizabeth de Freitas - Director


The notes on pages 4 to 7 form part of these financial statements

3
DE FREITAS & CO. ACCOUNTANTS LIMITED (REGISTERED NUMBER: 07182185)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2025


1. Statutory information

de Freitas & Co. Accountants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The director has not been required to make any material critical judgements in the process of applying the company's accounting policies.

Turnover
Turnover arises from the provision of Chartered Accountancy services. Revenue is recognised when the outcome of a transaction can be estimated reliably, by reference to the stage of completion of the transaction at the end of the reporting period.

Goodwill
Goodwill has been amortised over its estimated useful life. Goodwill acquired in 2010 was amortised over 10 years and goodwill acquired in 2019 was amortised over 3 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Work-in-progress
Work-in-progress is valued at the lower of selling price and net realisable value.

4
DE FREITAS & CO. ACCOUNTANTS LIMITED (REGISTERED NUMBER: 07182185)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025


2. Accounting policies - continued

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the financial instrument. The company holds only basic financial instruments which comprise current asset investments, cash and cash equivalents, trade debtors, trade creditors and borrowings.

Cash and cash equivalents - these include cash in hand and deposits held with banks.

Current asset investments - these represent investments in non-puttable ordinary shares and are measured at fair value with changes recognised in profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.

Trade debtors - these are initially recognised at the transaction price and are subsequently measured at amortised cost using the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount expected to be receivable, net of any impairment.

Trade creditors and borrowings - these are initially measured at the transaction price and are subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the undiscounted amount expected to be payable.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Company contributions payable to the director's and employee's personal pension schemes are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

5
DE FREITAS & CO. ACCOUNTANTS LIMITED (REGISTERED NUMBER: 07182185)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025


4. Intangible fixed assets
Goodwill
£   
Cost
At 1 April 2024
and 31 March 2025 190,000
Amortisation
At 1 April 2024
and 31 March 2025 190,000
Net book value
At 31 March 2025 -
At 31 March 2024 -

Goodwill arose on the purchase of an unincorporated business in 2010 and is now fully amortised. The goodwill on the purchase of another business in 2019 is also fully amortised. In the opinion of the director this represented a prudent estimate of the periods over which the company would derive economic benefits from these assets.

5. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 April 2024
and 31 March 2025 3,824
Depreciation
At 1 April 2024
and 31 March 2025 3,824
Net book value
At 31 March 2025 -
At 31 March 2024 -

6. Stocks
2025 2024
£    £   
Work-in-progress 3,477 4,063

7. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 25,200 36,804

6
DE FREITAS & CO. ACCOUNTANTS LIMITED (REGISTERED NUMBER: 07182185)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025


8. Current asset investments
2025 2024
£    £   
Listed investments - 226,942

9. Creditors: amounts falling due within one year
2025 2024
£    £   
Corporation tax 20,118 10,013
Social security and other taxes 13,193 11,810
Director's loan - 206
Accruals and deferred income 22,763 20,000
56,074 42,029

10. Provisions for liabilities
2025 2024
£    £   
Deferred tax
Other timing differences - 7,172

Deferred
tax
£   
Balance at 1 April 2024 7,172
Utilised during year (7,172 )
Balance at 31 March 2025 -

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

12. Related party disclosures

During the year, total dividends of £7,400 (2024 - £41,750) were paid to the director .

7