Frieslawn Investment Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12422172 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

FRIESLAWN INVESTMENT HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr B J Chambers

REGISTERED OFFICE:

10 Coldbath Square

London

EC1R 5HL

REGISTERED NUMBER:

12422172 (England and Wales)

ACCOUNTANTS:

ADJ Business Solutions Limited

10 Coldbath Square

London

EC1R 5HL

FIXED ASSETS

Investments

4

25

CURRENT ASSETS

Debtors

5

544,839

CREDITORS

Amounts falling due within one year

6

(564,212

)

(556,347

)

NET CURRENT LIABILITIES

(19,373

)

(11,508

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,348

)

(11,483

)

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

(19,448

)

(11,583

)

SHAREHOLDERS' FUNDS

(19,348

)

(11,483

)

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 his 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 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 9 December 2025 and were signed by:

Mr B J Chambers - Director

1.	STATUTORY INFORMATION

Frieslawn Investment Holdings 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.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in the financial statements are rounded to the nearest £.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the director is required to to make judgements, estimates and assumptions about the carry amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both and current and future periods.

Investments in associates

Investments in associates are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversal of impairment losses are recognised immediately in the profit or loss.

Financial instruments

Financial assets and liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at the transaction price including transaction costs are are subsequently carried at at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified within one year are not amortised.

Classification of financial liabilities.

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 its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, loan from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the agreement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest. Financial liabilities classified as payable within one year are not discounted.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently at amortised cost using the effective interest method.

Taxation

The tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profits as recorded in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's tax liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Going concern

At the balance sheet date the company had net liabilities of £19,348 (2024: £11,483). The director has reviewed the current and projected financial position of the company, making reasonable assumptions about future trading performance. On the basis if this review, the director has a reasonable expectation that the company has adequate resources to continue its operations for a period of at least twelve months from the date of the approval of the financial statements. Accordingly they continue to adopt a going concern basis preparing the financial statements.

Equity instruments

Equity instruments issued by the company are recorded at at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer as the discretion of the company.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 April 2024

and 31 March 2025

25

NET BOOK VALUE

At 31 March 2025

25

At 31 March 2024

25

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Amounts owed by associates

544,839

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Amounts owed to related undertakings

89,000

Other creditors

475,212

467,347

564,212

556,347

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

Ordinary

£1

100