FRESHLAKE LIMITED Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 03392431

FRESHLAKE LIMITED

Filleted Unaudited Financial Statements

30 June 2022

FRESHLAKE LIMITED

Statement of Financial Position

30 June 2022

	2022		2021
Note	£	£	£

Current assets

Cash at bank and in hand	196,341		184,407

Creditors: amounts falling due within one year	5	196,096		183,013
		---------		---------
Net current assets			245	1,394
			----	-------
Total assets less current liabilities			245	1,394
			----	-------
Net assets			245	1,394
			----	-------

Capital and reserves

Called up share capital	2	2
Profit and loss account	243	1,392
	----	-------
Shareholders funds	245	1,394
	----	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 23 January 2023 , and are signed on behalf of the board by:

Mrs R Cohen
Director

Company registration number: 03392431

FRESHLAKE LIMITED

Notes to the Financial Statements

Year ended 30 June 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2021: 1 ).

5. Creditors: amounts falling due within one year

	2022	2021
	£	£
Corporation tax	5,465	11,032
Other creditors	190,631	171,981
	---------	---------
	196,096	183,013
	---------	---------

6. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2022
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mrs R Cohen	( 170,996)	( 18,500)	( 189,496)
	---------	--------	---------

	2021
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mrs R Cohen	( 152,812)	( 18,184)	( 170,996)
	---------	--------	---------