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Registered Number: 13097405
England and Wales

 

 

 

FREEDOM PROPERTY LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

Freedom Property Ltd
Contents Page
For the year ended 31 December 2024
Director Mohsin Rashid
Registered Number 13097405
Registered Office 6 Blenheim Court
Peppercorn Close
Peterborough
Cambridgeshire
PE1 2DU
Accountants aa Chartered Accountants
6 Blenheim Court
Peppercorn Close
Peterborough
United Kingdom
PE1 2DU
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 December 2024
Principal activities
The companys principal activities during the year were "buying and selling of own real estate" and "other letting and operating of owner or leased real estate".
Director
The director who served the company throughout the year was as follows:
Mohsin Rashid
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Mohsin Rashid
Director

Date approved: 30 September 2025
2
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Freedom Property Ltd for the year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Freedom Property Ltd for the year ended 31 December 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance

This report is made solely to the Board of Directors of Freedom Property Ltd, as a body, in accordance with the terms of our engagement letter dated 30 September 2025. Our work has been undertaken solely to prepare for your approval the accounts of Freedom Property Ltd and state those matters that we have agreed to state to the Board of Directors of Freedom Property Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Freedom Property Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Freedom Property Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Freedom Property Ltd. You consider that Freedom Property Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Freedom Property Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 December 2024



....................................................
aa Chartered Accountants
6 Blenheim Court
Peppercorn Close
Peterborough
United Kingdom
PE1 2DU
30 September 2025
3
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 3 200,000    200,000 
200,000    200,000 
Current assets      
Debtors 4 77    62 
Cash at bank and in hand 51,735    44,781 
51,812    44,843 
Creditors: amount falling due within one year 5 (58,583)   (58,012)
Net current assets (6,771)   (13,169)
 
Total assets less current liabilities 193,229    186,831 
Creditors: amount falling due after more than one year 6 (150,988)   (151,009)
Provisions for liabilities 7 (6,857)   (6,857)
Net assets 35,384    28,965 
 

Capital and reserves 		     
Called up share capital 8 1    1 
Revaluation Reserves 9 35,893    35,893 
Profit and loss account (510)   (6,929)
Shareholders' funds 35,384    28,965 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 30 September 2025 and were signed by:


-------------------------------
Mohsin Rashid
Director
4
General Information
Freedom Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 13097405, registration address 6 Blenheim Court, Peppercorn Close, Peterborough, Cambridgeshire, PE1 2DU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises rental income earned by the company during the period, including amounts invoiced in respect of property lettings and lease agreements.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees including directors

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 January 2024 200,000    200,000 
Additions -    - 
Disposals -    - 
At 31 December 2024 200,000    200,000 
Depreciation
At 01 January 2024 -    - 
Charge for year -    - 
On disposals -    - 
At 31 December 2024 -    - 
Net book values
Closing balance as at 31 December 2024 200,000    200,000 
Opening balance as at 01 January 2024 200,000    200,000 


4.

Debtors: amounts falling due within one year

2024
£		   2023
£
Prepayments & Accrued Income 77    62 
77    62 

5.

Creditors: amount falling due within one year

2024
£		   2023
£
Director's loan account 58,583    58,012 
58,583    58,012 

6.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Bank Loans & Overdrafts (secured) 150,988    151,009 
150,988    151,009 

7.

Provisions for liabilities

2024
£		   2023
£
Deferred Tax 6,857    6,857 
6,857    6,857 

8.

Share Capital

Authorised
1 Class A share of £1.00 each
Allotted, called up and fully paid
2024
£		   2023
£
1 Class A share of £1.00 each 1    1 
1    1 

9.

Revaluation Reserves

2024
£		   2023
£
Revaluation Reserve b/fwd 35,893    35,893 
35,893    35,893 

10.

Director’s loan

Director's loan account

The director has advance the money to company during the year. The balance at 31 December 2024 is £58,583 (2023: £58,012). Interest accrued at the rate of 0% per annum on the loan made by the participator.
11.

Creditors due after more than one year

The bank loan included in Creditors due more than one year, has an amount of £147,785 (2023: £151,009)
12.

Bank Loans - Security

The bank loans and overdraft are secured by a fixed charge over the company's assets.
5