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REGISTERED NUMBER: 11827296 (England and Wales)










Unaudited Financial Statements

for the Period 1 March 2023 to 27 February 2024

for

Real Freedom Investments Limited

Real Freedom Investments Limited (Registered number: 11827296)






Contents of the Financial Statements
for the Period 1 March 2023 to 27 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Real Freedom Investments Limited

Company Information
for the Period 1 March 2023 to 27 February 2024







DIRECTOR: O Pancar





REGISTERED OFFICE: Oaklea House
46 Coatham Road
Redcar
TS10 1RS





REGISTERED NUMBER: 11827296 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

Real Freedom Investments Limited (Registered number: 11827296)

Balance Sheet
27 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 922,638 669,088

CURRENT ASSETS
Debtors 4 12,363 4,613
Investments 5 - 216,550
Cash at bank 29,947 99,550
42,310 320,713
CREDITORS
Amounts falling due within one year 6 (95,474 ) (87,607 )
NET CURRENT (LIABILITIES)/ASSETS (53,164 ) 233,106
TOTAL ASSETS LESS CURRENT
LIABILITIES

869,474

902,194

CREDITORS
Amounts falling due after more than one year 7 (685,818 ) (774,854 )

PROVISIONS FOR LIABILITIES (25,080 ) (18,050 )
NET ASSETS 158,576 109,290

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 106,920 76,950
Retained earnings 10 51,556 32,240
158,576 109,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 February 2024 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.

Real Freedom Investments Limited (Registered number: 11827296)

Balance Sheet - continued
27 February 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





O Pancar - Director


Real Freedom Investments Limited (Registered number: 11827296)

Notes to the Financial Statements
for the Period 1 March 2023 to 27 February 2024

1. 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rate in order to write off each asset over its estimated useful life. Land & Building - Not Depreciated

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 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

Real Freedom Investments Limited (Registered number: 11827296)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 27 February 2024

3. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 March 2023 669,088
Additions 216,550
Revaluations 37,000
At 27 February 2024 922,638
NET BOOK VALUE
At 27 February 2024 922,638
At 28 February 2023 669,088

Cost or valuation at 27 February 2024 is represented by:

Freehold
property
£   
Valuation in 2022 95,000
Valuation in 2024 37,000
Cost 790,638
922,638

Properties are required to be disclosed within the financial statements at fair value.

The valuation was made by directors on an open market value basis by reference to market evidence of transaction prices for similar properties. Deferred tax has been calculated on the revalued amounts and provided for within the financial statements.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 12,363 1,613
Intercompany loans - 3,000
12,363 4,613

5. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Shares in group undertakings - 216,550

Real Freedom Investments Limited (Registered number: 11827296)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 27 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 4,843 4,703
Other loans (see note 8) 75,000 75,000
Trade creditors 1,293 287
Corporation tax 12,475 4,914
Social security and other tax 416 97
Accrued expenses 1,447 2,606
95,474 87,607

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 316,614 334,670
Intercompany Creditors- More
than 1 year 146,022 -
Other creditors - 7,183
Directors' loan accounts 223,182 433,001
685,818 774,854

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,246 15,984

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,843 4,703
Other loans 75,000 75,000
79,843 79,703

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,966 4,822

Real Freedom Investments Limited (Registered number: 11827296)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 27 February 2024

8. LOANS - continued
2024 2023
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 15,664 14,771
Bank loan 286,738 299,093
302,402 313,864

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,246 15,984

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 286,738 299,093

10. RESERVES

PROFIT AND LOSS RESERVES
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

FAIR VALUE RESERVES
The Company uses the revaluation model for the measurement of its investment properties. The reserve records the revaluation surplus recognised less the related provision for deferred tax. This is a non distributable reserve.