Fresh Development Group Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08311984 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2016 TO 31 DECEMBER 2017

FOR

FRESH DEVELOPMENT GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

W J R Cooper

REGISTERED OFFICE:

Charfield Hall Farm

Little Bristol Lane

Charfield

Wotton-Under-Edge

Gloucestershire

GL12 8LN

REGISTERED NUMBER:

08311984 (England and Wales)

ACCOUNTANTS:

Simple Accounts Limited

Wansdyke Business Services Centre

Midsomer Enterprise Park

Radstock Road

Midsomer Norton

Somerset

BA3 2BB

FIXED ASSETS

Investments

4

234,058

-

CURRENT ASSETS

Debtors

5

16,846

-

Cash at bank and in hand

7,952

1,000

24,798

1,000

CREDITORS

Amounts falling due within one year

6

231,262

-

NET CURRENT (LIABILITIES)/ASSETS

(206,464

)

1,000

TOTAL ASSETS LESS CURRENT LIABILITIES

27,594

1,000

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

26,594

-

27,594

1,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 12 March 2018 and were signed by:

W J R Cooper - Director

1.	STATUTORY INFORMATION

Fresh Development Group Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of 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.

These financial statements for the period ended 31 December 2017 are the first financial statements that comply

with FRS102 Section 1A small entities. The date of transition is 1 December 2015.

The transition to FRS 102 section 1A small entities has had no direct impact upon the accounting policies as the

company was previously dormant and therefore there has been no impact upon the opening equity or profit for

the comparative period.

Preparation of consolidated financial statements

The financial statements contain information about Fresh Development Group Ltd as an individual company and

do not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Investments in subsidiaries and associates

Investments in subsidiary and associate undertakings are recognised at cost.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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 balance sheet date.

Deferred tax

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

sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 period was 5 .

4.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in

undertakings

associate

Totals

£

£

£

COST

Additions

234,000

58

234,058

At 31 December 2017

234,000

58

234,058

NET BOOK VALUE

At 31 December 2017

234,000

58

234,058

The company holds shares in two associated companies as follows:

Fresh Professional Development Limited a Company incorporated in England & Wales, company number

03775203:

- 54 £1 Ordinary A Shares

- 12 £1 Ordinary B Shares

- 12 £1 Ordinary D Shares

The above holdings represent 78% of the issued Share Capital.

During the period under review, dividends of £18,000 were received.

Online Mentor Limited a Company incorporated in England & Wales, company number 04340527:

- 58 Ordinary £1 Shares

The above holding represents 48.3% of the issued Share Capital.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

30.11.16

£

£

Trade debtors

16,800

-

Other debtors

46

-

16,846

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

30.11.16

£

£

Trade creditors

13,799

-

Taxation and social security

19,155

-

Other creditors

198,308

-

231,262

-

7.	RELATED PARTY DISCLOSURES

During the year the company levied Management Charges totalling £58,000 to Fresh Professional Development

Limited and £29,850 to Online Mentor Limited.

At the year end, the following balances remained unpaid and are included as Trade Debtors:

Fresh Professional Development Limited £14,400

Online Mentor Limited £2,400

Included within Trade Creditors at the year end is an amount of £4,304 due to Online Mentor Limited.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Fresh Development Group Ltd for the period ended 31 December 2017 which comprise the

Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Fresh Development Group Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fresh Development Group Ltd and state those matters that we have agreed to state to the director of Fresh Development Group Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fresh Development Group Ltd director for our work or for this report.

It is your duty to ensure that Fresh Development Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fresh Development Group Ltd. You consider that Fresh Development Group Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Fresh Development Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Simple Accounts Limited

Wansdyke Business Services Centre

Midsomer Enterprise Park

Radstock Road

Midsomer Norton

Somerset

BA3 2BB

15 March 2018