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Registered number: 13761404














FREUDS REPUBLIC LIMITED
 FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
FREUDS REPUBLIC LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1
Notes to the Financial Statements
 
 
2 - 5


 
FREUDS REPUBLIC LIMITED
REGISTERED NUMBER:13761404

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Current assets
  

Stocks
 4 
41
9,384

Debtors: amounts falling due within one year
 5 
3,377,166
1,008,687

Cash at bank and in hand
  
362,192
1,864,637

  
3,739,399
2,882,708

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(1,119,781)
(1,095,341)

Net assets
  
2,619,618
1,787,367


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
2,619,617
1,787,366

  
2,619,618
1,787,367


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 comprehensive income 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 on 29 May 2025.




R N W Bankes
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
FREUDS REPUBLIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Freuds Republic Limited is a private company, limited by shares, incorporated in England and Wales. Its  registered office and business address is 1 Stephen Street, London, W1T 1AL. 
The principal activity of the company is public relations and communications.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax.
Revenue for retainer fees is recognised over the life of the retainer on a straight line basis. Revenue in respect of projects is recognised over the life of the project on a percentage of completion basis. Third party costs are recognised as incurred.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 2

 
FREUDS REPUBLIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan
The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.7

Work in Progress

Work in progress, which comprises third party costs, is valued at the lower of cost and net realisable value.

 
2.8

Debtors

Short-term debtors are measured at the transaction price, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.10

Creditors

Short-term creditors are measured at the transaction price.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans to and from related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 15).

Page 3

 
FREUDS REPUBLIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Stocks

2024
2023
£
£

Work in progress
41
9,384



5.


Debtors

2024
2023
£
£


Trade debtors
24,001
67,960

Amounts owed by group undertakings
2,982,923
48,658

Other debtors
42,369
14,035

Prepayments and accrued income
293,651
798,498

Tax recoverable
34,222
79,536

3,377,166
1,008,687



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
295,907
139,376

Amounts owed to group undertakings
18,227
8,936

Other taxation and social security
35,726
39,815

Other creditors
5,127
6,031

Accruals and deferred income
764,794
901,183

1,119,781
1,095,341



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1
1
1


Page 4

 
FREUDS REPUBLIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Controlling party

Freud 4.0 Limited is the ultimate parent undertaking of the Company. It is the parent company of the smallest and largest group for which group financial statements are drawn up. Copies of the consolidated financial statements are available from the Registrar of Companies.


9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 29 May 2025 by Stephen Iseman FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

 
Page 5