Company No: 12262401 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

		2024		2023
		£		£
Current assets		2,495,447		2,387,583
Prepayments and accrued income		20,736		20,622
Creditors: amounts falling due within one year		( 1,477,659)		( 1,300,909)
Net current assets		1,038,524		1,107,296
Total assets less current liabilities		1,038,524		1,107,296
Creditors: amounts falling due after more than one year		( 1,624,000)		( 1,624,000)
Accruals and deferred income		( 103,017)		( 75,838)
Net liabilities		( 688,493)		( 592,542)
Capital and reserves		( 688,493)		( 592,542)

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements;
• These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime;
• These financial statements have been delivered in accordance with the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Freedom Inc 1 Ltd (registered number: 12262401) were approved and authorised for issue by the Board of Directors and were signed on its behalf by:

C B Carmichael Director

14 October 2025

1. Company information

The Company is a private company limited by shares and is incorporated in the United Kingdom and registered in England and Wales (Company no. 12262401). The address of its registered office is 2a Ormond Crescent, Hampton, TW12 2TH, United Kingdom.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the financial year, including directors	2		2

3. Directors’ benefits: advances, credit and guarantees

Advances

Included within current assets is a balance due from L. Rhodes. This comprised an opening balance of £6,329, advances of £nil and repayments of £nil leaving a closing balance of £6,329. This balance is unsecured, interest charged at HMRC’s beneficial loan rates on amounts exceeding £10,000, and there are no fixed repayment terms.

4. Guarantees and other financial commitments

Included within the Statement of Financial Position are financial commitments totalling £1,624,000 (2023: £1,624,000). These amounts are secured by fixed charges over the properties to which the loans relate, and they are subject to negative pledges. Of these amounts, £994,000 are guaranteed by directors of the Company.

5. Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements, and they have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Included within creditors due within one year are amounts owed to a director of £1,474,259 (2023: £1,291,765), and it has been confirmed that this loan will not be recalled until such time that the Company can afford to do so. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.