REGISTERED NUMBER: 09474055 (England and Wales)

Financial Statements for the Year Ended 31st December 2024

for

Freedome UK Site 1 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T I McClure

D E Melhus

P I Haagaas

REGISTERED OFFICE:

Unit 5 Britannia Road

Patchway

Bristol

BS34 5TA

REGISTERED NUMBER:

09474055 (England and Wales)

SENIOR STATUTORY AUDITOR:

Matthew Dobbins FCA

AUDITORS:

Dunkley's

Statutory Auditor

Chartered Accountants

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Intangible assets

4

1,764

2,321

Tangible assets

5

678,123

763,607

679,887

765,928

CURRENT ASSETS

Stocks

35,901

38,581

Debtors

6

868,719

858,878

Cash at bank and in hand

34,831

31,985

939,451

929,444

CREDITORS

Amounts falling due within one year

7

368,791

3,140,480

NET CURRENT ASSETS/(LIABILITIES)

570,660

(2,211,036

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,250,547

(1,445,108

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

1,250,447

(1,445,208

)

SHAREHOLDERS' FUNDS

1,250,547

(1,445,108

)

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 Board of Directors and authorised for issue on 12th September 2025 and were signed on its behalf by:

T I McClure - Director

1.	STATUTORY INFORMATION

Freedome UK Site 1 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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.

Turnover

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

Sale of goods

Revenue arises from the sale of merchandise. Revenue is recognised when the customer accepts delivery of the goods.

Rendering of services

The services provided generally take place on a single day, or over-night.

Revenue is recognised on customer arrival and is measured at the fair value of the consideration received.

Revenue for advance bookings is deferred and recognised on customer arrival or in the case of cancelled

bookings on the date of cancellation.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Straight line over 15 years

Plant and machinery

-

Straight line over 3 - 7 years

Computer equipment

-

Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year 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 year 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 31 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st January 2024

and 31st December 2024

2,785

AMORTISATION

At 1st January 2024

464

Charge for year

557

At 31st December 2024

1,021

NET BOOK VALUE

At 31st December 2024

1,764

At 31st December 2023

2,321

5.	TANGIBLE FIXED ASSETS

Short

Plant and

Computer

leasehold

machinery

equipment

Totals

£

£

£

£

COST

At 1st January 2024

1,276,302

648,339

4,100

1,928,741

Additions

-

65,102

482

65,584

Disposals

-

(29,231

)

-

(29,231

)

At 31st December 2024

1,276,302

684,210

4,582

1,965,094

DEPRECIATION

At 1st January 2024

628,356

536,086

692

1,165,134

Charge for year

83,296

37,060

1,481

121,837

At 31st December 2024

711,652

573,146

2,173

1,286,971

NET BOOK VALUE

At 31st December 2024

564,650

111,064

2,409

678,123

At 31st December 2023

647,946

112,253

3,408

763,607

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

370

-

Amounts owed by group undertakings

669,112

661,083

Other debtors

109,104

109,104

Prepayments

90,133

88,691

868,719

858,878

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

13,799

23,540

Trade creditors

112,492

93,973

Amounts owed to group undertakings

203,302

2,980,101

Social security and other taxes

2,179

2,629

VAT

12,085

12,661

Other creditors

9,692

11,141

Accruals and deferred income

12,692

14,412

Accrued expenses

2,550

2,023

368,791

3,140,480

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

200,486

200,485

Between one and five years

905,128

723,090

In more than five years

472,565

844,965

1,578,179

1,768,540

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Dobbins FCA (Senior Statutory Auditor)

for and on behalf of Dunkley's

11.	PENSION COMMITMENTS

During the year, the company operated a defined contribution pension scheme through an external provider.

Employer contributions to the scheme for the year totalled £4,651 (2023 - £5,013).

Accrued pension contributions outstanding at the balance date totalled £808 (2023 - £964).

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

14.	ULTIMATE CONTROLLING PARTY

The parent of the smallest group for which consolidated financial statements are drawn up of which this company is a member is Activeon AS, a company registered in Norway.

The parent of the largest group for which consolidated financial statements are drawn up of which this company is a member is Activeon AS, a company registered in Norway.

The registered office of the parent is Vollsveien 2a, 1366 Lysaker, Norway.