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

COMPANY REGISTRATION NUMBER: 11718513

Freshwater Estates (Newmarket) Limited

Filleted Unaudited Financial Statements

For the year ended

30 November 2025

Freshwater Estates (Newmarket) Limited

Statement of Financial Position

30 November 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		150,721		87,644

Current assets

Stocks		–	1,261,998
Debtors	6	2,245,398	361,111
Cash at bank and in hand		22,083	283,961
		------------	------------
		2,267,481	1,907,070

Creditors: amounts falling due within one year	7	1,822,390		1,408,290
		------------		------------
Net current assets			445,091		498,780
			---------		---------
Total assets less current liabilities			595,812		586,424

Creditors: amounts falling due after more than one year	8		114,743		63,341

Provisions	20,547	34,076
	---------	---------
Net assets	460,522	489,007
	---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	460,520	489,005
	---------	---------
Shareholders funds	460,522	489,007
	---------	---------

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 income and retained earnings 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 (Newmarket) 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: 11718513

Freshwater Estates (Newmarket) 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, 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. 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 in respect of property sales and property construction services supplied, net of discounts and Value Added Tax. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from property sales is recognised at legal completion of sale of each individual unit within each development. A prudent estimate is made of the profit attributable to each unit and is calculated based on an assessment of the overall profitability of each individual development.

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	-	25% reducing balance
Motor vehicles	-	25% reducing balance

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.

4. Employee numbers

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

5. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 December 2024	56,405	88,313	144,718
Additions	8,000	153,890	161,890
Disposals	–	( 65,342)	( 65,342)
	--------	---------	---------
At 30 November 2025	64,405	176,861	241,266
	--------	---------	---------
Depreciation
At 1 December 2024	38,185	18,889	57,074
Charge for the year	6,439	33,237	39,676
Disposals	–	( 6,205)	( 6,205)
	--------	---------	---------
At 30 November 2025	44,624	45,921	90,545
	--------	---------	---------
Carrying amount
At 30 November 2025	19,781	130,940	150,721
	--------	---------	---------
At 30 November 2024	18,220	69,424	87,644
	--------	---------	---------

6. Debtors

	2025	2024
	£	£
Other debtors	2,245,398	361,111
	------------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	614,598	400,750
Trade creditors	71,515	41,305
Social security and other taxes	3,258	104,520
Other creditors	1,133,019	861,715
	------------	------------
	1,822,390	1,408,290
	------------	------------

Security in the form of a fixed charge over the work in progress held within an associated company, 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.

Security over the assets to which the liability relates has been given in respect of an amount of £24,747 (2024: £18,425) included within the liability disclosed above under other creditors.

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

	2025	2024
	£	£
Other creditors	114,743	63,341
	---------	--------

Security over the assets to which the liability relates has been given in respect of the liability disclosed above under other creditors.

9. Directors' advances, credits and guarantees

During the year the company continued to extend credit jointly to two of the directors. The amounts are repayable on demand and where applicable interest is charged at the official HMRC rate on any outstanding balances on a daily basis, calculated at the HMRC official beneficial loan rate. Details of the advances and balances are;

	2025	2024
	£	£
Amounts advanced	12,332	648
Amounts repaid	11,000	–
Balance due to the company at the year end	6,186	4,854