Fresh Development Group Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08311984 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2019

for

Fresh Development Group Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

W J R Cooper

REGISTERED OFFICE:

Charfield Hall Farm

Little Bristol Lane

Charfield

Wotton-Under-Edge

Gloucestershire

GL12 8LN

REGISTERED NUMBER:

08311984 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

4

-

25,498

Investments

5

264,108

264,108

264,108

289,606

CURRENT ASSETS

Debtors

6

6,313

15,609

Cash at bank

1,338

6,081

7,651

21,690

CREDITORS

Amounts falling due within one year

7

184,401

214,993

NET CURRENT LIABILITIES

(176,750

)

(193,303

)

TOTAL ASSETS LESS CURRENT LIABILITIES

87,358

96,303

PROVISIONS FOR LIABILITIES

-

4,845

NET ASSETS

87,358

91,458

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

9

86,358

90,458

SHAREHOLDERS' FUNDS

87,358

91,458

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 7 July 2020 and were signed by:

W J R Cooper - Director

1.	STATUTORY INFORMATION

Fresh Development Group Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Investments in subsidiaries and associates

Investments in subsidiary and associate undertakings are recognised at cost.

Taxation

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

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme 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 (2018 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 January 2019

38,247

Disposals

(38,247

)

At 31 December 2019

-

DEPRECIATION

At 1 January 2019

12,749

Eliminated on disposal

(12,749

)

At 31 December 2019

-

NET BOOK VALUE

At 31 December 2019

-

At 31 December 2018

25,498

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2019

38,247

Disposals

(38,247

)

At 31 December 2019

-

DEPRECIATION

At 1 January 2019

12,749

Eliminated on disposal

(12,749

)

At 31 December 2019

-

NET BOOK VALUE

At 31 December 2019

-

At 31 December 2018

25,498

5.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in

undertakings

associate

Totals

£

£

£

COST

At 1 January 2019

and 31 December 2019

264,000

108

264,108

NET BOOK VALUE

At 31 December 2019

264,000

108

264,108

At 31 December 2018

264,000

108

264,108

The company holds shares in two associated companies as follows:

Fresh Professional Development Limited, a company incorporated in England & Wales, company number

03775203:

- 64 £1 Ordinary A Shares

- 12 £1 Ordinary B Shares

- 12 £1 Ordinary D Shares

The above holdings represent 88% of the issued share capital.

During the period under review, dividends of £nil (2017: £18,000) were received.

Online Mentor Limited, a company incorporated in England & Wales, company number 04340527:

- 108 £1 Ordinary Shares

The above holding represents 90% of the issues share capital.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade debtors

129

7,800

Other debtors

5,500

5,500

Tax

473

-

VAT

211

-

Prepayments and accrued income

-

2,309

6,313

15,609

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Hire purchase contracts

-

31,306

Trade creditors

-

3,558

Amounts owed to group undertakings

-

3,099

Tax

-

10,452

Social security and other taxes

-

4,150

VAT

-

4,124

Other creditors

10,020

-

Intercompany loan

172,881

-

Directors' current accounts

-

156,804

Accruals and deferred income

1,500

1,500

184,401

214,993

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.19

31.12.18

value:

£

£

1,000

Ordinary

1

1,000

1,000

9.

RESERVES

Retained

earnings

£

At 1 January 2019

90,458

Deficit for the year

(4,100

)

At 31 December 2019

86,358

10.	RELATED PARTY DISCLOSURES

During the year, the company levied management charges totalling £nil (2018: £258,000) to Fresh Professional

Development Limited, and £nil. (2017: £77,500) to Online Mentor Limited.

At the year end there was a balance outstanding by Online Mentor amounting of £6,901.53 was written off during

the year as the company ceased to trade.

At the year end there was a balance outstanding to Fresh Professional Development of £172,881.24.