FREEDOM CHURCH DEVELOPMENTS LIMITED

FREEDOM CHURCH DEVELOPMENTS LIMITED - Company Information

2022-09-012023-08-312023-08-31false12159218FREEDOM CHURCH DEVELOPMENTS 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Registered Number
12159218
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2023

FREEDOM CHURCH DEVELOPMENTS LIMITED

Company Information
for the year from 1 September 2022 to 31 August 2023


Directors	DENDY, Simeon Paul
	KIRKLAND, Robert Neil


Registered Address	Freedom Centre, Unit 20 Romsey Industrial Estate
	Greatbridge Road
	Romsey
	SO51 0HR


Registered Number	12159218 (England and Wales)

FREEDOM CHURCH DEVELOPMENTS LIMITED

Balance Sheet as at
31 August 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	5		73,579		37,175
			73,579		37,175
Current assets
Debtors		1,445		3,796
Cash at bank and on hand		8,000		1,656
		9,445		5,452
Net current assets (liabilities)			9,445		5,452
Total assets less current liabilities			83,024		42,627
Net assets			83,024		42,627
Capital and reserves
Profit and loss account			83,024		42,627
Shareholders' funds			83,024		42,627

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 14 September 2023, and are signed on its behalf by:

DENDY, Simeon Paul
Director
Registered Company No. 12159218

FREEDOM CHURCH DEVELOPMENTS LIMITED

Notes to the Financial Statements
for the year ended 31 August 2023

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

4.	Employee information


		2023		2022
	Average number of employees during the year	0		0

5.	Property, plant and equipment

	Land & buildings	Total
	£	£
Cost or valuation
At 01 September 22	37,175	37,175
Additions	36,404	36,404
At 31 August 23	73,579	73,579
Net book value
At 31 August 23	73,579	73,579
At 31 August 22	37,175	37,175

6.	Creditors within one year
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.