Freshlead Limited

Freshlead Limited

FRESHLEAD LIMITED - Company Information

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1 April 2020 false No description of principal activity Taxfiler 2021.19 04748674business:PrivateLimitedCompanyLtd2020-04-012021-03-31 047486742020-03-31 047486742020-04-012021-03-31 04748674business:AuditExempt-NoAccountantsReport2020-04-012021-03-31 04748674business:FullAccounts2020-04-012021-03-31 047486742021-03-31 04748674business:Director12020-04-012021-03-31 04748674business:Director32020-04-012021-03-31 04748674business:RegisteredOffice2020-04-012021-03-31 047486742020-03-31 04748674core:WithinOneYear2021-03-31 04748674core:WithinOneYear2020-03-31 04748674core:AfterOneYear2021-03-31 04748674core:AfterOneYear2020-03-31 04748674core:ShareCapital2021-03-31 04748674core:ShareCapital2020-03-31 04748674core:RevaluationReserve2021-03-31 04748674core:RevaluationReserve2020-03-31 04748674core:RetainedEarningsAccumulatedLosses2021-03-31 04748674core:RetainedEarningsAccumulatedLosses2020-03-31 04748674business:SmallEntities2020-04-012021-03-31 04748674countries:EnglandWales2020-04-012021-03-31 04748674core:PlantMachinery2020-03-31 04748674core:PlantMachinery2021-03-31 04748674core:PlantMachinery2020-04-012021-03-31 047486742019-04-012020-03-31 iso4217:GBP xbrli:pure
Company Registration No. 04748674 (England and Wales)
Freshlead Limited Unaudited accounts for the year ended 31 March 2021
Freshlead Limited Unaudited accounts Contents
Page
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Freshlead Limited Company Information for the year ended 31 March 2021
Directors
Manish Khiroya Hashit Shah
Company Number
04748674 (England and Wales)
Registered Office
Flat 4, 12 Ladbroke Crescent London W11 1PS
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Freshlead Limited Statement of financial position as at 31 March 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
- 
5,766 
Investment property
5
1,420,627 
1,167,151 
Investments
6
1,426,328 
1,426,328 
2,846,955 
2,599,245 
Current assets
Inventories
649 
40 
Debtors
7
584,689 
816,039 
Investments
8
389,667 
431,467 
Cash at bank and in hand
56,932 
109,095 
1,031,937 
1,356,641 
Creditors: amounts falling due within one year
9
(187,306)
(1,062,716)
Net current assets
844,631 
293,925 
Total assets less current liabilities
3,691,586 
2,893,170 
Creditors: amounts falling due after more than one year
10
(3,315,428)
(2,477,218)
Net assets
376,158 
415,952 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
869,094 
873,594 
Profit and loss account
(493,036)
(457,742)
Shareholders' funds
376,158 
415,952 
For the year ending 31 March 2021 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 December 2021 and were signed on its behalf by
Manish Khiroya Director Company Registration No. 04748674
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Freshlead Limited Notes to the Accounts for the year ended 31 March 2021
1
Statutory information
Freshlead Limited is a private company, limited by shares, registered in England and Wales, registration number 04748674. The registered office is Flat 4, 12 Ladbroke Crescent, London, W11 1PS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2020
112,641 
At 31 March 2021
112,641 
Depreciation
At 1 April 2020
106,875 
Charge for the year
5,766 
At 31 March 2021
112,641 
Net book value
At 31 March 2021
- 
At 31 March 2020
5,766 
5
Investment property
2021 
£ 
Fair value at 1 April 2020
1,167,151 
Additions
253,476 
At 31 March 2021
1,420,627 
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Freshlead Limited Notes to the Accounts for the year ended 31 March 2021
6
Investments
Other investments 
£ 
Valuation at 1 April 2020
1,426,328 
Valuation at 31 March 2021
1,426,328 
7
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
2,867 
- 
Trade debtors
18,871 
222,356 
Amounts due from group undertakings etc.
559,847 
523,257 
Accrued income and prepayments
- 
70,426 
Other debtors
3,104 
- 
584,689 
816,039 
8
Investments held as current assets
2021 
2020 
£ 
£ 
Unlisted investments
389,667 
431,467 
9
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade creditors
111,827 
94,118 
Other creditors
9,562 
917,523 
Accruals
65,917 
51,075 
187,306 
1,062,716 
10
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Other creditors
3,315,428 
2,477,218 
11
Average number of employees
During the year the average number of employees was 0 (2020: 0).
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