Freedom Weekends Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03679213 (England and Wales)

Financial Statements

for the Year Ended 31 December 2020

for

Freedom Weekends Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M P Wood

S E Wood

SECRETARY:

S E Wood

REGISTERED OFFICE:

Wren House

68 London Road

St Albans

Hertfordshire

AL1 1NG

REGISTERED NUMBER:

03679213 (England and Wales)

ACCOUNTANTS:

Roy Pinnock & Co LLP

Chartered Certified Accountants

Wren House

68 London Road

St Albans

Hertfordshire

AL1 1NG

FIXED ASSETS

Tangible assets

4

3,630

5,917

CURRENT ASSETS

Debtors

5

6,297

43,423

Cash at bank

961,040

392,145

967,337

435,568

CREDITORS

Amounts falling due within one year

6

672,176

323,973

NET CURRENT ASSETS

295,161

111,595

TOTAL ASSETS LESS CURRENT LIABILITIES

298,791

117,512

CREDITORS

Amounts falling due after more than one year

7

(250,000

)

-

PROVISIONS FOR LIABILITIES

(633

)

(1,055

)

NET ASSETS

48,158

116,457

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

48,056

116,355

SHAREHOLDERS' FUNDS

48,158

116,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 2 March 2021 and were signed on its behalf by:

M P Wood - Director

1.	STATUTORY INFORMATION

Freedom Weekends Limited 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.

Website

-

33% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

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 16 (2019 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

Website

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2020

45,600

17,258

73,576

136,434

Additions

-

-

2,500

2,500

At 31 December 2020

45,600

17,258

76,076

138,934

DEPRECIATION

At 1 January 2020

45,600

14,805

70,112

130,517

Charge for year

-

490

4,297

4,787

At 31 December 2020

45,600

15,295

74,409

135,304

NET BOOK VALUE

At 31 December 2020

-

1,963

1,667

3,630

At 31 December 2019

-

2,453

3,464

5,917

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade debtors

2,510

-

Other debtors

3,787

43,423

6,297

43,423

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Bank loans and overdrafts

2,006

-

Trade creditors

8,425

3,447

Taxation and social security

32,694

38,721

Other creditors

629,051

281,805

672,176

323,973

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.20

31.12.19

£

£

Bank loans

250,000

-