Freedom Church Developments Limited - Period Ending 2020-08-31

Freedom Church Developments Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

Freedom Church Developments Limited

Company Information

Directors

Simeon Paul Dendy Nicola Carr Mr Fraser Norbury Robert Neil Kirkland

Registered office

Unit 20 Romsey Industrial Estate Greatbridge Romsey SO51 0HR

Accountants

Kolade Andrew Alli ACMA KARE Financial Management Consultants Ltd 10 Gatcombe Gardens West End Southampton Hampshire SO18 3NA

Freedom Church Developments Limited

(Registration number: 12159218)
Balance Sheet as at 31 August 2020

	Note	2020 £
Fixed assets
Other financial assets	4	1
Current assets
Cash at bank and in hand		1,618
Total assets less current liabilities		1,619
Creditors: Amounts falling due after more than one year	5	(9,708)
Net liabilities		(8,089)
Capital and reserves
Called up share capital	6	1
Profit and loss account		(8,090)
Shareholders' deficit		(8,089)

For the financial period ending 31 August 2020 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 accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 9 October 2020 and signed on its behalf by:
 

.........................................

Simeon Paul Dendy
Director

Freedom Church Developments Limited

Notes to the Unaudited Financial Statements for the Period from 15 August 2019 to 31 August 2020

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 20
Romsey Industrial Estate
Greatbridge
Romsey
SO51 0HR
United Kingdom

These financial statements were authorised for issue by the Board on 9 October 2020.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Freedom Church Developments Limited

Notes to the Unaudited Financial Statements for the Period from 15 August 2019 to 31 August 2020

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

Freedom Church Developments Limited

Notes to the Unaudited Financial Statements for the Period from 15 August 2019 to 31 August 2020

4	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 15 August 2019	1	1
At 31 August 2020	1	1
Impairment
Carrying amount
At 31 August 2020	1	1

5

Creditors

Creditors: amounts falling due after more than one year

	Note	2020 £
Due after one year
Loans and borrowings	7	9,708

6	Share capital

7	Loans and borrowings

	2020 £
Non-current loans and borrowings
Other borrowings	9,708