Company registration number 04012896 (England and Wales)
Freewheelin' Media Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Pages For Filing With Registrar
Pinnick Lewis LLP
Chartered Certified Accountants
Handel House
95 High Street
Edgware
HA8 7DB
Freewheelin' Media Limited
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Freewheelin' Media Limited
BALANCE SHEET
As At 31 December 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,599
2,599
Current assets
Debtors
4
925
925
Cash at bank and in hand
4,576
4,576
5,501
5,501
Creditors: amounts falling due within one year
5
(4,626)
(4,626)
Net current assets
875
875
Total assets less current liabilities
3,474
3,474
Creditors: amounts falling due after more than one year
6
(47,594)
(47,594)
Net liabilities
(44,120)
(44,120)
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
(45,120)
(45,120)
Total equity
(44,120)
(44,120)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 21 August 2025
Mr V Malik
Director
Company registration number 04012896 (England and Wales)
Freewheelin' Media Limited
NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024
- 2 -
1
Accounting policies
Company information
Freewheelin' Media Limited is a private company limited by shares incorporated in England and Wales. The registered office is 40 Brentmead Place, London, NW11 9LH.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings
2% Straight Line
Plant and equipment
15% Straignt Line
Fixtures and fittings
25% Straight Line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Freewheelin' Media Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 31 December 2024
1
Accounting policies
(Continued)
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
0
0
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2024 and 31 December 2024
2,497
38,719
41,216
Depreciation and impairment
At 1 January 2024 and 31 December 2024
38,617
38,617
Carrying amount
At 31 December 2024
2,497
102
2,599
At 31 December 2023
2,497
102
2,599
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
925
925
5
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
365
365
Other taxation and social security
408
408
Other creditors
3,853
3,853
4,626
4,626
Freewheelin' Media Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 31 December 2024
- 4 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
47,594
47,594