Caseware UK (AP4) 2019.0.131 2019.0.131 2020-04-05 2020-04-05 Journalism true false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 2019-04-06 false 04758737 2019-04-06 2020-04-05 04758737 2018-04-06 2019-04-05 04758737 2020-04-05 04758737 2019-04-05 04758737 c:Director1 2019-04-06 2020-04-05 04758737 d:FurnitureFittings 2019-04-06 2020-04-05 04758737 d:FurnitureFittings 2020-04-05 04758737 d:FurnitureFittings 2019-04-05 04758737 d:FurnitureFittings d:OwnedOrFreeholdAssets 2019-04-06 2020-04-05 04758737 d:CurrentFinancialInstruments 2020-04-05 04758737 d:CurrentFinancialInstruments 2019-04-05 04758737 d:CurrentFinancialInstruments d:WithinOneYear 2020-04-05 04758737 d:CurrentFinancialInstruments d:WithinOneYear 2019-04-05 04758737 d:ShareCapital 2020-04-05 04758737 d:ShareCapital 2019-04-05 04758737 d:RetainedEarningsAccumulatedLosses 2020-04-05 04758737 d:RetainedEarningsAccumulatedLosses 2019-04-05 04758737 c:FRS102 2019-04-06 2020-04-05 04758737 c:AuditExempt-NoAccountantsReport 2019-04-06 2020-04-05 04758737 c:FullAccounts 2019-04-06 2020-04-05 04758737 c:PrivateLimitedCompanyLtd 2019-04-06 2020-04-05 iso4217:GBP xbrli:pure

Registered number:  04758737









LISA FREEDMAN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 5 APRIL 2020

 
LISA FREEDMAN LIMITED
REGISTERED NUMBER:  04758737

STATEMENT OF FINANCIAL POSITION
AS AT  5 APRIL 2020

2020
2019
Note
£
£
   

Tangible assets
 4 
1,681
1,978

   
1,681
1,978

Current assets
   

Debtors
   
-
1,026

Cash at bank and in hand
 5 
6,287
6,436

   
6,287
7,462

Creditors: amounts falling due within one year
 6 
(6,751 )
(7,677 )

Net current liabilities
   
 
 
(464 )
 
 
(215 )

Total assets less current liabilities
   
1,217
1,763

   

Net assets
   
1,217
1,763

Capital and reserves
   

Called up share capital 
   
100
100

Profit and loss account
   
1,117
1,663

   
1,217
1,763














 
Page 1

 
LISA FREEDMAN LIMITED
REGISTERED NUMBER:  04758737
    
STATEMENT OF FINANCIAL POSITION  (CONTINUED)
AS AT  5 APRIL 2020


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The  financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by : 



L D Freedman
Director

Date:  2 July 2020

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
LISA FREEDMAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2020

General information

The principal activity of the company continued to be journalism.
The company is a private company limited by shares and is incorporated in England and Wales.
The address of its Registered Office is 35 Ballards Lane, London N3 1XW. 
The functional and presentational currency of the company is GBP and the accounts have been rounded to the nearest £1.

2. Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of  Financial Reporting Standard 102, the Financial Reporting Standard applicable in  the UK and the Republic of Ireland and the Companies Act 2006 .

The following principal accounting policies have been applied:

2.2

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
LISA FREEDMAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2020

2. Accounting policies (continued)

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.5

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the
recognition of financial assets and liabilities like trade and other debtors and creditors, loans from
banks and other third parties, loans to and from related parties and investments in non-puttable
ordinary shares.
(i) Financial assets
Basic financial assets, including trade and other debtors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for
objective evidence of impairment. If an asset is impaired the impairment loss is the difference
between the carrying amount and the present value of the estimated cash flows discounted at the
asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income
and Retained Earnings. 
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset
expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are
transferred to another party or (c) control of the asset has been transferred to another party who has
the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional
restrictions.
(ii) Financial liabilities
Basic financial liabilities, including trade, other creditors and accruals, are initially recognised at
transaction price, unless the arrangement constitutes a financing transaction, where the debt
instrument is measured at the present value of the future receipts discounted at a market rate of
 
Page 4

 
LISA FREEDMAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2020

2. Accounting policies (continued)

Financial instruments (continued)

interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are
recognised initially at transaction price and subsequently measured at amortised cost using the
effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual
obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements
when there is a legally enforceable right to set off the recognised amounts and there is an intention to
settle on a net basis or to realise the asset and settle the liability simultaneously.

The average monthly number of employees, including directors, during the year was  1  (2019 -  1 ) .






£



Cost or valuation


At 6 April 2019
8,350



At 5 April 2020

8,350



Depreciation


At 6 April 2019
6,372


Charge for the year on owned assets
297



At 5 April 2020

6,669



Net book value



At 5 April 2020
1,681



At 5 April 2019
1,978

Page 5

 
LISA FREEDMAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2020
2020
2019
£
£

Cash at bank and in hand
6,288
6,436

6,288
6,436


2020
2019
£
£

Corporation tax
6,744
6,932

Other creditors
7
745

6,751
7,677


Included within other creditors is a balance of £7 (2019 - £745) owed to the director.This balance is unsecured with no fixed repayment terms. Interest has been applied at the official rate.

 
Page 6