Freeman Asian Holding Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10425635 (England and Wales)

FREEMAN ASIAN HOLDING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C Freeman Parsons

SECRETARY:

D Repp

REGISTERED OFFICE:

Citypoint

Duane Morris

16th Floor One Ropemaker Street

LONDON

EC2Y 9AW

REGISTERED NUMBER:

10425635 (England and Wales)

ACCOUNTANTS:

P A Woffenden & Co

Accountants and Tax Advisers

Framework House

1 Church Lane

Snaith

GOOLE

East Yorkshire

DN14 9HN

CURRENT ASSETS

Investments

4

758,002

739,308

CREDITORS

Amounts falling due within one year

5

1,428

1,411

NET CURRENT ASSETS

756,574

737,897

TOTAL ASSETS LESS CURRENT LIABILITIES

756,574

737,897

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

776,009

776,009

Revaluation reserve

6

(16,535

)

(36,712

)

Retained earnings

(3,000

)

(1,500

)

SHAREHOLDERS' FUNDS

756,574

737,897

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 22 October 2020 and were signed by:

C Freeman Parsons - Director

1.	STATUTORY INFORMATION

Freeman Asian Holding 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	CURRENT ASSET INVESTMENTS

2019

2018

£

£

Shares in group undertakings

758,002

739,308

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed to group undertakings

1,428

1,411

6.

RESERVES

Revaluation

reserve

£

At 1 November 2018

(36,712

)

Investment in subsidiary

20,177

At 31 October 2019

(16,535

)

7.	ULTIMATE CONTROLLING PARTY

The controlling party is FreemanXP, LLC.

The ultimate controlling party is Freeman Decorating Co.