Freshwater Estates (Mildenhall) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06846922

Freshwater Estates (Mildenhall) Limited

Filleted Unaudited Financial Statements

For the year ended

30 November 2025

Freshwater Estates (Mildenhall) Limited

Statement of Financial Position

30 November 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		515,671		498,545

Current assets

Stocks		2,383,549	444,090
Debtors	6	1,478,973	1,217,697
Cash at bank and in hand		865	14,777
		------------	------------
		3,863,387	1,676,564

Creditors: amounts falling due within one year	7	3,793,320		935,764
		------------		------------
Net current assets			70,067		740,800
			---------		------------
Total assets less current liabilities			585,738		1,239,345

Creditors: amounts falling due after more than one year	8		45,761		124,553

Provisions	23,106	52,038
	---------	------------
Net assets	516,871	1,062,754
	---------	------------

Capital and reserves

Called up share capital	2	2
Revaluation reserve	53,115	36,450
Profit and loss account	463,754	1,026,302
	---------	------------
Shareholders funds	516,871	1,062,754
	---------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Freshwater Estates (Mildenhall) Limited

Statement of Financial Position (continued)

30 November 2025

These financial statements were approved by the board of directors and authorised for issue on 27 October 2026 , and are signed on behalf of the board by:

Mr J L Nicholson

Director

Company registration number: 06846922

Freshwater Estates (Mildenhall) Limited

Notes to the Financial Statements

Year ended 30 November 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ground Floor, 3 Wellbrook Court, Girton, Cambridge, CB3 0NA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. In respect of long term contracts and contracts for ongoing services, turnover represents the value of work done in the year, including estimates of amounts not invoiced and is recognised by reference to the stage of completion.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% straight line
Motor vehicles	-	25% reducing balance
Equipment	-	20% straight line

Investment property

Investment property is shown at fair value at the balance sheet date. Any changes in fair value will be recognised in the Statement of Income and Retained Earnings.

Work in progress

Non-contractual work in progress is measured at the lower of cost and estimated selling price less costs to complete and sell. Costs includes all direct costs incurred in bringing the work in progress to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2024: 8 ).

5. Tangible assets

	Investment property	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 December 2024	340,000	49,919	259,685	11,202	660,806
Additions	–	915	40,921	1,836	43,672
Revaluations	25,000	–	–	–	25,000
	---------	--------	---------	--------	---------
At 30 November 2025	365,000	50,834	300,606	13,038	729,478
	---------	--------	---------	--------	---------
Depreciation
At 1 December 2024	–	43,010	112,728	6,523	162,261
Charge for the year	–	3,018	46,117	2,411	51,546
	---------	--------	---------	--------	---------
At 30 November 2025	–	46,028	158,845	8,934	213,807
	---------	--------	---------	--------	---------
Carrying amount
At 30 November 2025	365,000	4,806	141,761	4,104	515,671
	---------	--------	---------	--------	---------
At 30 November 2024	340,000	6,909	146,957	4,679	498,545
	---------	--------	---------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	34,293	–
Other debtors	1,444,680	1,217,697
	------------	------------
	1,478,973	1,217,697
	------------	------------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	1,495,339	151,778
Trade creditors	95,580	72,079
Social security and other taxes	11,124	148,727
Other creditors	2,191,277	563,180
	------------	---------
	3,793,320	935,764
	------------	---------

Security in the form of a fixed charge over the land and property held within work in progress, together with a floating charge over all property and undertaking of the company, has been given in respect of the liabilities shown above under bank loans and overdrafts.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	45,761	124,553
	--------	---------

9. Directors' advances, credits and guarantees

During the year the company made advances to and received repayments from the directors. Interest has been charged at the official HMRC rate on any overdrawn loan account balances greater than £10,000. There are no repayment terms.

	2025	2024
	£	£
Advances	57,382	18,389
Repayments	118,661	95,707
Balance due from the directors	127,584	188,863