REGISTERED NUMBER: 14988189 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 7 JULY 2023 TO 31 DECEMBER 2024

FOR

FREDVEST LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

C F Werner

REGISTERED OFFICE:

10 London Mews

Paddington

London

W2 1HY

REGISTERED NUMBER:

14988189 (England and Wales)

ACCOUNTANTS:

Stein Richards

Chartered Accountants

10 London Mews

Paddington

LONDON

W2 1HY

FIXED ASSETS

Investments

4

2,127,300

CURRENT ASSETS

Debtors

5

3,601,724

Cash and cash equivalents

281,058

3,882,782

CREDITORS

Amounts falling due within one year

6

6,786,985

NET CURRENT LIABILITIES

(2,904,203

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(776,903

)

CAPITAL AND RESERVES

Called up share capital

8

117

Retained earnings

(777,020

)

SHAREHOLDERS' DEFICIT

(776,903

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

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 7 October 2025 and were signed by:

C F Werner - Director

1.	STATUTORY INFORMATION

Fredvest Ltd 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.

Change in the accounting period

The company extended the accounting period to be coterminous with the group companies year end.

Going concern

The financial statements have been prepared on a going concern basis. Whilst the company has a net deficit on its balance sheet it is reliant on the continued support from the shareholder. The director has been given assurances by the shareholder that he will continue to provide further support if and when required.

Preparation of consolidated financial statements

The financial statements contain information about Fredvest Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as debtors and creditors.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Transactions in foreign currencies have been converted to Euros at the rate ruling on the date of the transaction. Foreign currency assets and liabilities at the balance sheet date have been converted to Euros at the rate ruling on that date. Transactions in the accounting period have arisen in Euros with the exception of the Share Capital which has been converted at the rate of exchange of €1.1710 to the sterling. The Share Capital is therefore a sterling debt of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

€

COST

Additions

2,127,300

At 31 December 2024

2,127,300

NET BOOK VALUE

At 31 December 2024

2,127,300

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

€

Amounts owed by group undertakings

3,601,724

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

€

Amounts owed to group undertakings

2,429,120

Other creditors

4,357,865

6,786,985

7.	SECURED DEBTS

The following secured debts are included within creditors:

€

Other loans

3,750,000

Other loans are secured against the investments held by the company and personal guarantee by the director.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

€

100

Ordinary

€1.1710

117

100 Ordinary shares of €1.1710 each were allotted and fully paid for cash at par during the period.

9.	RELATED PARTY DISCLOSURES

Included in other creditors are loans totalling €598,430 made to the company by the shareholder. The loans are interest free and repayable as and when cashflow allows.