M F Freeman Developments Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 10626580 (England and Wales)

Audited Financial Statements

For The Period

17th February 2017 to 31st March 2017

for

M F Freeman Developments Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

M F Freeman

L F Freeman

Mrs J M Freeman

P Wharton

SECRETARY:

Mrs J M Freeman

REGISTERED OFFICE:

Ruardean Works

Varnister Road

Drybrook

Gloucestershire

GL17 9BH

REGISTERED NUMBER:

10626580 (England and Wales)

AUDITORS:

Wildin & Co

Accountants

& Statutory Auditors

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

FIXED ASSETS

Investments

4

846,100

CURRENT ASSETS

Debtors

5

96

NET CURRENT ASSETS

96

TOTAL ASSETS LESS CURRENT LIABILITIES

846,196

CAPITAL AND RESERVES

Called up share capital

6

100

Share premium

846,096

SHAREHOLDERS' FUNDS

846,196

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 27th September 2017 and were signed on its behalf by:

M F Freeman - Director

1.	STATUTORY INFORMATION

M F Freeman Developments 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" and the Companies Act 2006. The

financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about M F Freeman Developments Limited as an individual

company and do not contain consolidated financial information as the parent of a group. The company is exempt

under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial

statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial

statements of its parent, M F Freeman Group Limited, Ruardean Works, Varnister Road, Ruardean, Drybrook,

Glos GL17 9BH.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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 period 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 period was 4 .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

846,100

At 31st March 2017

846,100

NET BOOK VALUE

At 31st March 2017

846,100

The company's investments at the Statement of Financial Position date in the share capital of companies include

the following:

North Place Developments Limited

Registered office: Ruardean Works, Varnister Road, Drybrook, Gloucestershire GL17 9BH

Nature of business: Car Park Rental & Property Development

%

Class of shares:

holding

Ordinary

100.00

Lunasoleil Limited

Registered office: Ruardean Works, Varnister Road, Drybrook, Gloucestershire GL17 9BH

Nature of business: Property Development

%

Class of shares:

holding

Ordinary

100.00

Balimark Limited

Registered office: Ruardean Works, Varnister Road, Drybrook, Gloucestershire GL17 9BH

Nature of business: Property Development

%

Class of shares:

holding

Ordinary

100.00

Bluedyne Limited

Registered office: Ruardean Works, Varnister Road, Drybrook, Gloucestershire GL17 9BH

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

96

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

1

100

100 Ordinary shares of 1 each were allotted and fully paid for cash at par during the period.

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Graham Michael Wildin (Senior Statutory Auditor)

for and on behalf of Wildin & Co

8.	PARENT COMPANY AND ULTIMATE HOLDING COMPANY

The parent company is M F Freeman Group Limited. The registered office address is Ruardean Works, Varnister

Road, Drybrook, Gloucestershire GL17 9BH.

The ultimate holding company is M F Freeman Holdings Limited. The registered office address is Ruardean

Works, Varnister Road, Drybrook, Gloucestershire GL17 9BH.