Freedom Church Developments Limited - Period Ending 2021-08-31
Freedom Church Developments Limited - Period Ending 2021-08-31
Registration number:
Freedom Church Developments Limited
for the Year Ended 31 August 2021
Freedom Church Developments Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Freedom Church Developments Limited
Company Information
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Directors |
Simeon Paul Dendy Nicola Carr Mr Fraser Norbury Robert Neil Kirkland |
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Registered office |
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Accountants |
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Freedom Church Developments Limited
(Registration number: 12159218)
Balance Sheet as at 31 August 2021
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Note |
2021 |
2020 |
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Fixed assets |
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Tangible assets |
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- |
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Other financial assets |
1 |
1 |
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Current assets |
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Cash at bank and in hand |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
1 |
1 |
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Profit and loss account |
(8,806) |
(8,090) |
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Shareholders' deficit |
(8,805) |
(8,089) |
For the financial year ending 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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
Freedom Church Developments Limited
(Registration number: 12159218)
Balance Sheet as at 31 August 2021
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Director
Freedom Church Developments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2021
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
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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.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Depreciation rates
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
Freedom Church Developments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2021
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.
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.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Freedom Church Developments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2021
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Tangible assets |
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Properties under construction |
Total |
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Cost or valuation |
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Additions |
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At 31 August 2021 |
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Depreciation |
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Carrying amount |
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At 31 August 2021 |
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Other financial assets (current and non-current) |
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Financial assets at cost less impairment |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 1 September 2020 |
1 |
1 |
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At 31 August 2021 |
1 |
1 |
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Impairment |
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Carrying amount |
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At 31 August 2021 |
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1 |
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Creditors |
Creditors: amounts falling due after more than one year
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Note |
2021 |
2020 |
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Due after one year |
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Loans and borrowings |
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