Freedom RV LLP Accounts






Freedom RV LLP

	Registered No. OC450584
	Information for Filing with the Registrar
		31 January 2025

at	31 January 2025

Registered No.			OC450584	Notes	2025
					£
Fixed assets

	Tangible assets			5	180,000


					180,000
Current assets



	Cash at bank and in hand				2,642
					2,642
Creditors: Amounts falling due within one year				6	(2,744)
Net current liabilities					(102)
Total assets less current liabilities					179,898


Net assets attributable to members					179,898

Represented by:

	Members' other interests
		Members' capital			210,750

		Other reserves			(30,852)
					179,898

					179,898



These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

For the period ended 31 January 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 as applied by the Limited Liability Partnerships (Accounts and Audit)(Application of Companies Act 2006) Regulations 2008) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.

As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the members on 30 September 2025 and signed on its behalf by:
Freedom Retail Group Holdings Ltd
Designated member
30 September 2025

for the period ended 31 January 2025

General information

Freedom RV LLP is a limited liability partnership and incorporated in England and Wales.

Its registered number is: OC450584

Its registered office is:

Suite 3

St Loyes House

20 St Loyes Street

Bedford

MK40 1ZL

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting for Limited Liability Partnerships' issued in December 2018.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

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

Plant and machinery

10% Reducing balance

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

Members' Interests

Members' interests are classified as either equity or debt.

Equity interests comprise any capital introduced classified as equity, any unallocated profits, any revaluation reserve and any other reserves.

Loans and other debts due to members comprise any capital introduced but classified as a liability, any loans from members, amounts due to members in respect of allocated profits less drawings and any other amounts that the LLP is contractually obliged to repay to members.

Taxation

Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.

3	Information in relation to members
		2025
		Number	Number
	The average number of members during the period :	2	0

4	Employees
		2025
		Number	Number

	The average number of persons employed during the period was:	0	0

5	Tangible fixed assets
		Plant and machinery	Total
		£	£
	Cost

	Additions	200,000	200,000



	At 31 January 2025	200,000	200,000
	Depreciation

	Charge for the year	20,000	20,000



	At 31 January 2025	20,000	20,000
	Net book values
	At 31 January 2025	180,000	180,000

6	Creditors:
	amounts falling due within one year
		2025
		£	£







	Accruals and deferred income	2,744	-
		2,744	-